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It's just the beginning for Spenda!, page-208

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    From memory SPXO will show the 2.5c price differential when the SP is in a healthy state of say 10c.

    I guess when the SP is particularly low, SPXO represents a significant % discount on SPX and so becomes more attractive.

    I'm a believer and happy to buy significantly more SPXO for my money with a view to convert if and when it makes sense to do so.

    Other folks might want the full 2.5c differential, or more before buying.

    Each to their own I say.
 
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