Tom Preston Says Start 0DTE With SPY, Not SPX, Here's Why

Want to learn 0DTE but can't tell if SPX, SPY, ES or MES is the right place to start? Tom Preston's answer is SPY, and the reason is the bid-ask spread. SPY has single-point strikes and very tight markets, so it's easy to find low-risk trades and get your feet wet. You won't make a ton, but you're not risking a ton either. SPX uses five-point strikes and a bigger contract, so the risk is just larger. Learn on SPY, then step up to SPX. 📊 tastylive: https://www.tastylive.com/ 📰 Get Tom's pre-market analysis every morning: https://www.tastylive.com/newsletters 📘 FREE Options Strategy Guide: https://tinyurl.com/bp9ms763 📱 Follow tastylive on X: https://x.com/tastyliveshow Chapters 00:00 What a contract delivers after a split 01:00 How to check it on the OCC 02:15 Why volume dries up in adjusted options 03:00 Don't open new positions in those 03:20 IV jumped but the stock hasn't moved 04:15 Why he waits for vol to come back in 05:00 Price matters more than vol once you're in 06:00 SPX, SPY, ES or MES for 0DTE 06:40 Why he leans SPY for beginners 07:30 Tight spreads and low-risk trades 08:20 Step up to SPX later #tastylive #confirmandsend #tompreston #zerodte #spx #spy #ironcondor #optionsforbeginners #optionstrading #stockmarket tastylive is a real financial network, producing hours of live programming every day. Follow along as our experts navigate the markets, provide actionable trading insights, and teach you how to trade. With over 120 original segments, and over 25 personalities, we'll help you take your trading to the next level, whether you are new to trading or a seasoned veteran. tastylive content is created, produced, and provided solely by tastylive, Inc. ("tastylive") and is for informational and educational purposes only. It is not, nor is it intended to be, trading or investment advice or a recommendation that any security, futures contract, digital asset, other product, transaction, or investment strategy is suitable for any person. Trading securities, futures products, and digital assets involve risk and may result in a loss greater than the original amount invested. Investment information provided may not be appropriate for all investors and is provided without respect to individual investor financial sophistication, financial situation, investing time horizon or risk tolerance. Options, futures, and futures options are not suitable for all investors. Prior to trading securities, options, futures, or futures options, please read all applicable risk disclosures, including, but not limited to, the Characteristics and Risks of Standardized Options Disclosure and the Futures and Exchange Traded Options Risk Disclosure Statement found at https://tastytrade.com/disclosures/. Past performance is not indicative of future results. Performance is not presented net of all commissions, fees, and expenses. Multi-leg option strategies incur higher transaction costs than single leg trades as they involve multiple commission charges. Examples provided are for illustrative, informational, and educational purposes only and are not intended to be reflective of results you can expect to achieve. Supporting documentation for any claims, including claims made on behalf of options programs), comparisons, statistics, or other technical data, if applicable, will be supplied upon request. tastylive, through its content, financial programming or otherwise, does not provide investment or financial advice or make investment recommendations. tastylive is not a licensed financial adviser, registered investment adviser, or a registered broker-dealer.