XSP vs SPY vs SPX: The Mini Index Option
The Mini-SPX option gives a smaller account index mechanics at SPY-sized notional — cash-settled, European, 60/40 taxed — at the cost of a thinner order book.
Tax Treatment
Section 1256 Options: The 60/40 Tax Rule Explained
How Section 1256 taxes broad-based index options: 60% long-term, 40% short-term on every gain, no matter how short the holding period.
SPX vs SPY Options: 4 Key Structural Differences
The structural and tax differences between SPX and SPY options — settlement, exercise style, contract size, Section 1256 — and which one suits 0DTE index traders.