Hi
As I said I’m in the begining of the way to understand options and futures and the relation between them and de underlying.
So I appologise if some question is absurd or out of place.
Now I’m focused on the relationship between Spy Spx and /Es
If we watch a grafic of SPY*100-SPX we can clearly see a cycle of three months in which the difference goes from aprox. -7 to +5.
That’s a 12 points difference that repeats every time. This cycle begins the day after SPY pays dividends.
The…