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RE: Trading Options on SPY versus SPX
#optiontrading is in my learning list and it can be a great source of income if you know how to use correctly the put and call options.
"so trading ten contracts in the SPY to earn the same credit as one contract in the SPX will cost you $15.00 total or $13.5 more then trading in the SPX." - But you need to put value into risk control.
"Two IRS treats index’s like SPX differently from ETFs like SPY. Indexs are taxed as 60% long term (15% tax rate) and 40% short term ( 35% tax rate) no matter how long the position is held." - This apply only to US citizens, so it depends on where you live and declare your taxes.
Which broker do you use?
Tastyworks
The tax considerations are important. SPX definitely has tax advantages.