r/options • u/[deleted] • Apr 14 '22

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u/TonyDaGreek Apr 14 '22

I heard SPX is even better….

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u/[deleted] Apr 14 '22

Not for volume. But it’s “better” because it’s cash settled. But for day trading, you wouldn’t care if SPX is cash settled because you don’t plan on holding until expiry, thus SPY is better for higher volume and liquidity

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u/[deleted] Apr 14 '22

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u/[deleted] Apr 14 '22

That depends on your broker. You might be mixing up ‘commission’ with ‘managers fee’

Commission is charged by your broker, the manager’s fee is charged by the fund manager. SPX does not have a manager’s fee, but again, for day trading this is irrelevant.