Five liquid daily-expiry vehicles, five different personalities. This hub links the deep-dives on each and helps you match one to your account size, taxes, and appetite for volatility.
Educational only, not tax or financial advice. Product specs and tax treatment (including Section 1256) are situation-specific — consult a professional and verify current specs.
SPY, SPX, XSP, QQQ, and IWM all offer liquid daily 0DTE options — but they differ in size, settlement, tax treatment, liquidity, and volatility. This hub links the deep-dives and helps you choose.
For most scalpers — especially starting out — SPY is the default: unmatched liquidity, the tightest spreads, and the deepest tool ecosystem. The others are deliberate trade-offs: SPX for size and tax treatment, XSP for those benefits in a small size, QQQ/IWM for more volatility. The dealer-structure and 0DTE discipline apply to all of them — and NoVo specializes in SPY, mapping its dealer levels live.
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NoVo reads the full tape and maps every dealer level live — the market intelligence no human can track by hand — then draws it on your chart as it moves, and tells you what it has seen this setup do before.
Trader · $209/mo
The cockpit.
Every dealer level living on a real charting terminal — 1-minute to weekly, fifteen years deep, your own drawings on the map, SPY/QQQ/IWM one click apart — with the hourly audit, ‘The Line’ playbooks, the three books side by side and NoVo’s written read where you trade. Analyst included.
The same dealer map drawn on crypto — gamma by strike on every book with real open interest, funding per venue, open interest, 24-hour liquidation flow and true cost to trade — plus the on-chain liquidity map across Solana, Base and Robinhood Chain. NoVo reads it too.
The live dealer map — dealer positioning, options flow, and in-house sweeps & block prints — plus a written market read every session, to your inbox, the dashboard, and the private Analyst Discord. Structure, levels, and the order-flow footprint.
NoVo is a software tool for market analysis, not financial advice. This article is general education, not investment advice. Options trading involves substantial risk of loss, up to and including your entire capital. NoVo makes no guarantee of profit, win rate, or performance, and past results do not predict future outcomes. You are responsible for your own broker account, configuration, and trading decisions.
The member portal — delayed dealer levels with the gamma flip and the expected-move band on SPY, QQQ and IWM, plus sectors, movers and the week’s catalysts. NoVo’s Mid-Day Tape Review every trading day and the Week Ahead on Sundays. And the NoVo Discord: live discussion and NoVo’s daily dealer-map read.