### Comment:
Don't forget that SPX options are an index not an ETF, and are also cash-settled, European style. This means there is no risk of early assignment, and no worry about having shares assigned. 
  
 Additionally, since there is no underlying security and you are literally gambling with other people over the final number that an index lands at, they are a 1256 contract and are taxed as if 60% of your gains were long term gains (lower taxes).

### REPLY:
It’s literally free money with extra tax free money

### END.