Tag Archives: Options Trading

What Are 0DTE Options? A Complete Guide to Same-Day Expiration Trading

0DTE options butterfly risk profile showing defined risk and asymmetric reward compared to credit spreads and naked options

0DTE options — zero days to expiration — are options contracts that expire on the same day you trade them. You buy them in the morning. They settle by the close. Whatever happens in between is the entire life of the trade. This is not a niche corner of the market. 0DTE contracts now account […]

SPX Options: Complete Guide to S&P 500 Index Options

Trader analyzing SPX options charts and market data

SPX options are the professional standard for trading the S&P 500. Whether you’re placing 0DTE butterflies, selling credit spreads, or hedging a portfolio, SPX options offer structural advantages that stock and ETF options simply can’t match — cash settlement, European-style exercise, and 60/40 tax treatment under Section 1256. This guide covers everything you need to […]

SPX vs SPY Options: Which Is Better for 0DTE Trading?

If you trade 0DTE options, the SPX vs SPY decision isn’t a preference — it’s a structural choice that affects your taxes, your fills, your risk, and your bottom line. Most traders pick one without understanding what they’re giving up. This guide breaks down the real differences between SPX vs SPY options from a practitioner’s […]