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The decline in price reflects the quarterly dividend SPY pays today, end of
June, Sept, and Dec.
>>I happened to look at SPY this morning-exp day. Gap down that was not in the
>>cash or the futures. Next I looked at QQQQ and DIA, they looked pretty much
>>the same as cash/futures. Next I looked at the last exp in Dec. and SPY did
>>same thing. I am no expert in Dep Receipts, ETF's and the like ... this is
>>very perplexing to me. Anyone know what is going on?
>>
>>Thanks,
>>Chris
>>
>>
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