Was looking to enter a position in the SPX, but am really put off by the spreads. Example: The Jan 1265 put: bid-18.20 ask-22.20 That's nuts! And they all seem to be 3-4 dollars wide. This is insane. Even if I could get in at the midpoint, who's to say when I need to liquidate a position, I'd be able to get out? Anyone have any experience, opinions on trading the SPX options? Why would/should anyone trade this? Can the SEC do anything about this? Seems abusive to me.