SPY on the Market: SPY Kids

You are receiving this email because you signed up to receive our free e-letter DayTradeSPY's SPY on the Market, or you purchased a product or service from its publisher, Eagle Financial Publications. [SPY-on-the-market-banner-1200] [Trading Room]( [Pick of the Day]( [Inner Circle]( [Ultimate Trading Workshop]( [SPY Signal]( SPY on the Market: SPY Kids by Hugh Grossman and Ahren Stephens 09/12/2024 SPONSORED CONTENT [Forget the Frustrations of Day Trading...]( Target Up to +383% OVERNIGHT With This Dead-Simple ODTE Secret Instead! [New Trade Goes LIVE THIS TUESDAY at 2 pm]( To most people, "Spy Kids" conjures up memories of a kids’ movie franchise created by Robert Rodriguez back in the early 2000s. To us, SPY kids is a reminder of a quirk in the legal structure used to set up the SPDR S&P 500 Exchange Traded Fund (ETF) Trust, commonly known as SPY. Today, these kids are probably collectively worth about $500 billion. We hope they remain healthy, as the fate of the world’s largest ETF rests on this group of thirty-something year-olds. What I am talking about is a group of 11 ordinary kids born between May 1990 and January 1993. Back in 1993, when this fund was set up, the arcane structure used as a unit investment trust solved a practical problem by creating fund units that resembled a company’s shares. Most of the 11 names in SPY documents have a family connection to the American Stock Exchange, when a call went out to procure babies’ names that could be used to attach to the trust. Claire McGrath, a lawyer in the options division of the AMEX at that time, volunteered her son Kevin and two nephews, Peter and Paul Pavelka. Others put their kids’ names in the mix as well, such as Jay Baker, then director of capital markets at ETF issuer Exchange Traded Concepts. He volunteered his daughter’s name. [One options strategy. 10 minutes to set up. 94% win rate]( Is there a simpler way – a faster way – and a more lucrative way to trade options? If so, I’ve yet to see it. For those who’ve traded a call or put option before, this system is... Simple: Open an email. Fast: Enter the options symbol into a trading account. Place the trade shortly after the opening bell. Lucrative: I’ve hit on 94% of my trades with it. [Click here for more info.]( It was not a big deal at the time, as the legal requirements needed a specified termination date, which was initially structured to expire in 25 years, in January 2018. The expiration was later amended to peg the fund to the lives of the individuals, which extended the life of the fund. As of now, SPY, the fund, will cease to exist on January 22, 2118, or 20 years after the death of the last survivor of the 11 persons -- whichever comes first. With 194 years to go, we should be fine to continue trading this amazing ETF. What are these kids doing now? I have no idea. About five years ago, Alexander Most, the grandson of one of the creators of SPY, Nathan Most, was about to start graduate school. When asked if he ever thinks about his mortality, Most replied, “Absolutely, in terms of projecting when this thing might end.” Other kids carved out careers in public relations, restaurants and sales, and spread out across the country from Boston and Philadelphia to Alabama and Utah. Claire McGrath’s son, Kevin, works in PR in New York, while Paul tends the bar at a trendy Philadelphia restaurant. When Bloomberg News sought them out several years ago for an interview, none of the kids were aware of their role in investing history. Siblings Rian and John Imwalle from Birmingham, Alabama ended up on the list from their late step-grandmother, Marilyn, who worked for the corporate communications team. Elizabeth Angel, an Atlanta based engineer, is the daughter of Jim Angel, a renowned finance professor at Georgetown University. She's also on the list and is one of a few non-AMEX related people on it. Emily Weber was inducted into this exclusive club by her father, Cliff Weber, who worked at the American Exchange and later the NYSE. When asked in 2019, this 26-year old said, “I’m honored to be part of it and how we’re tied together on this is, I think, pretty special. I’m proud of the way it’s gotten to this point. I’m happy for everyone who was working on it.” [This A.I. Spots Trades Like a Spy, See it Live]( If you want to trade smarter, not harder, and be prepared for this week's markets, you won't want to miss this. Join us live as we reveal which stocks and commodities might explode in the next few days and how to conquer volatility and avoid losses. Anticipating market changes is crucial, and nothing is more rewarding to us than helping you steer clear of potential losses. [Secure your spot now](! As for the movie Spy Kids, I believe the ratings were mixed. I have no intentions on watching it, unless of course, my grandkids insist. This is just one of the many things we talk about in our morning Trading Room. If you think you can benefit, and you know what calls and puts are, you belong here with us, Ahren and myself. Our sessions are every morning, 9:20 to 10:30 a.m., ET. [Click here]( for details and to subscribe. Still unsure about options trading regarding the SPY? Join us at 8 p.m., ET, Sunday night for our weekly Intro to Trading / Week in Review. [Click here]( to register. Why SPY? As the highest traded, most diverse, affordable, resilient exchange traded fund, day trading this stock’s options is the most exciting, fun and rewarding experience in the investing world. Since discovering SPY, I never looked back. Find out why we, and so many others, are making consistent money on a daily basis. Trading profitably is not that difficult, if you know how. We teach you everything you need to know to become an expert trader. Sincerely, [Hugh Grossman][Ahren Stephens] Hugh Grossman and Ahren Stephens Editors, [Trading Room]( [Pick of the Day]( [Inner Circle]( and [Signal]( About Hugh and Ahren: [Hugh Grossman]Hugh Grossman has manned the helm of DayTradeSPY for over a decade now. A self-taught trader, who turned master trader, has learned everything about trading the SPY (the SPDR S&P 500 ETF). Hugh has been guiding his subscribers of Inner Circle, Pick of the Day, DayTradeSPY Signal, and the Trading Room to daily profits since 2010. [Ahren Stephens]Ahren Stephens has been studying the markets since his teens. He opened his first trading account at the age of 18 and has studied the stock market, forex market, and commodities markets for more than 20 years. Ahren is a licensed commodity broker, and was most recently an analyst at an award-winning, multi-million-dollar firm. With his knowledge he has been guiding his subscribers of Inner Circle, Pick of the Day, and the Trading Room to daily profits. About Us: Eagle Financial Publications is located in Rosslyn, VA. – Blocks from the Capitol. Our products have been helping investors build their wealth for several decades. Whether you’re a long-term investor or short-term trader, you’ll find the right strategy for you, including how to earn more steady income to spend now, preserve and grow your capital to enjoy later, and whatever other investment goals you have. 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