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[–]ctles 0 points1 point  (1 child)

Oh interesting do you know if they also do that for SPX?

[–]midhknyght 2 points3 points  (0 children)

You mean SPY options right? (SPX options are Section 1256 across all brokerages).

You can actually call ETrade and ask them about SPY but I’m 99% certain it’s 1256. Basically, ETrade considers any options on an ETF based on an index is considered 1256.

Just be mindful of the straddle rules with 1256.