Stop buying options on SPY

Summary

• The post argues against trading SPY options and recommends SPX options instead, citing benefits like cash settlement, no assignment risk, lower capital gains taxes, and the ability to trade 0DTE contracts close to expiration.
• The author shares a personal trade (buying SPX $7500 calls at $0.75 that settled at ~$3.85) as anecdotal evidence, but the post is more about product preference than a directional market call.
• Quality assessment: This is speculative noise with some factual points about SPX mechanics, but lacks systematic data or a repeatable strategy.