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[Music] hey everyone welcome back to mike and his whiteboard my name is mike this is my whiteboard and today were going to be talking about one of the more popular underlyings that youll see here on is spx so if youre brand new to trading spx or youre just learning about spx there are some things that are important to keep in mind its not like a normal a normal equity where all the standard rules apply in fact theres a lot of different things and a lot of non-standard things that apply to spx so lets get right into it and well discuss some of these things so the first thing to understand with spx is that there is a settlement date so unlike regular equity expirations where all of them will the have the last trading day as friday so on fridays close at 3 pm thats it thats the last time to trade it theres actually a difference between what expiration were looking at with spx so its got a non-standard xp expiration and so what whats really important to keep in mind with th
