There are many other indexes, not only in the USA but in other countries such as Australia, whose major index is the "All Ordinaries". Or you will find the FTSE 100 in the UK, the Hang Seng in Hong Kong, the DAX in Germany and so on to name a few. But this is about index options and how you can use these to take advantage of price movements in the underlying. An individual company stock price might become unusually volatile... FULL ARTICLE…
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After the Dow Jones Index, the S&P500 is the second most widely followed index because it represents a weighted index of the top 500 actively traded large cap stocks in the USA. The 'spider' is an ETF that is designed to mimic the price movements of this popular index. The stock exchange code for the spider is: SPY. The name 'spider' is a shortened version of the acronym used to represent the correct name for a... Read More at http://options-trading-mastery.com/spider-options-trading.html