What Kind Of Stocks Is This???

[silverxx12]

CAN ANYONE TELL ME WHAT TYPE OF SHARE THIS ?????

[DuaneG]

Hi Silver,

If you are referring to iShares, it stands for Index Shares. Other examples of iShares are QQQ, SPY, DIA. These are stocks that track an underlying index. QQQ=NASDAQ 100 Trust Shares, SPY=SPYDRS (S&P 500), and DIA=Diamonds Trust Series I or the Dow 30. Here is the official definition of iShares courtesy of Investopedia.com

"Index funds that trade like stocks on stock markets. Each share represents a proportion of ownership in each stock that makes up an index."

[soylent]

As Linus said -- it's an index.. Or an ETF (Exchange traded fund).

IGM is a technology fund. They work just like a stock -- buy/sell/options.

Search on google for iShares -- lots of info and lots of different sectors.

I've never traded them -- has anyone else? The spreads on the options are always a bit too high, I've thought... It looks kind of like they peg their prices every 30 minutes because they jump all over the place.

Anyone have experience w/ that?

Thanks!

[soylent]

Thanks Linus.

Yes, sorry, I trade QQQ all the time -- great spread prices, less than .01 bid/ask, and options usually .05 apart. Nice. I wish SPX had better spreads like the Q on its options.

What I've been looking at is the iShares. It would be nice to play a sector but I just think the ticks seem strange and the option spreads are usually in the 10%+ range bid/ask...

Thanks again.

Anyone else trade ishares? OR, recommend a good way to leverage sectors?