u/bbmiscOG ·
Reddit — r/options
· April 21, 2026 at 20:41
· ⬆ 17 pts
· 💬 44 comments
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Hey all. I'm trying to make roughly $200/day using vertical put spreads on SPY and have been targeting a 10 cent spread with about 25 contracts.
What I don't like is that the fees for SPY are about 22% of my profit, and that there's potential for assignment if the short leg goes ITM.
I know that SPX is cash settled and has lower fees but I'm not sure if the volatility in the options pricing would be slow enough for me to manage given how wild today was.
Is XSP the better fund to trade with for this purpose? I think the only downside to XSP is lower liquidity but I'm not sure hpw that would affect me. I try to close my positions at .01 spread value.