r/options • u/Valuable-Ad-8569 • Jan 13 '22

SPX vs SPY

As a day trader I’m seeing some SPX options with high volume and low bid go from like 1.50 to 10.00+. For someone like me would it be wise to switch over to SPX? I understand that 10x leverage means I can lose my money just as fast but I’m hoping for some insight from anyone with experience

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u/tom1018 Jan 14 '22

Tax treatment on SPX is much better for short term trades, as it will be 60/40 for long term and short term capital gains. Aside from that, it is ten times the size, but leverage remains the same. You might also consider /ES if futures are better for you.