That's because he is a "day trader." You are not a "day trader." SPX does not have to have sex with Greeks. You will have to have group sex with a lot of Greeks. SPX does not have your answer. Dest has your answer.
Lol, it is because you options folks are all totally insane! Nuts! I have no idea what is going on now, haha. At least your nick, onda, is about where I sit in the sanity department.
It was a joke not directed at you. I don't follow option greeks - to me they are as useful as taking it up the ass. My post was sort of a play on words.
I'm not an options person, either. I'm almost as confused as you are. And no one answered my question on Page 8, which would have helped un-confuse me, at least a little.
That brings up another question... The SPX and SPY are the things going away, yes? The SPX are options on the SPY? So that would seem to me that SPXOptiontrader's name is going to become pointless, since they will go away. So will his only choice for trading SPX-style options left be FOPs on the ES? OMG, is he coming over to the futures space?
SPX and SPY each have their own options. I believe SPX options are American and settle to cash, and SPY options are European and settle to shares (or something like that).