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What are the key differences between SPX, XSP, and SPY when trading 0DTE vertical put spreads? A trader aims to generate approximately $200 per day using 10-cent wide vertical put spreads with about 25 contracts on SPY. They are concerned about high commissions representing 22 percent of profits and the risk of early assignment on the short leg. SPX offers cash settlement and lower fees, but there is uncertainty about whether its pricing volatility allows effective management on active days. Is XSP a better alternative despite lower liquidity, especially when attempting to close positions at a 0.01 credit?

Has anyone replaced the put wings of an iron condor with put ratio spreads? What are your thoughts?

How does VixShield incorporate SPY ETFs into its options strategies compared to trading SPX index options directly?

Why are more traders not discussing box spreads given the current elevated interest rate environment? Am I missing something?

For theta-positive strategies, is there a meaningful edge to trading European-style index options like SPX rather than American-style single-stock options?