### Comment:
Liquidity and what if u have only enough for 1.5 Spx? Although in this case, he should have pissed away 55k on spx but in the end it doesn’t matter for cap losses

### REPLY:
People complain about the liquidity but the spreads as a % of the contract value line up pretty well with SPY (unless you are playing some zero day shit about to expire then the spreads can get huge). I’ve never really had trouble getting in / out at the mid. Plus with cash settlement you can lock stuff in with spreads and not worry about ending up long / short 20,000 shares of SPY the next day

### END.