 Hey everybody, it's Harish Mominathan from optiontiger.com. We are continuing the SPX intraday trading with deep market internals using the TIC SPX indicator as well as the custom RSI indicator. And this is the bit.ly link to find out more about that. And in this video series today, I want to cover the flexibility of the trading instruments that we are talking about when you use these indicators. So let's jump right into it. And all of these instruments, I'm going to show you on the trading platform after we get done with this slide. So as we know, the SPX TICS shows the market internals of the S&P 500 components. So there are 500 stocks and the TICS calculates the up tick minus the down tick of all 500 stocks once the market starts trading at 9.30 a.m. eastern time. Now you can trade the SPX options directly and with about two days to expiry. You don't need to go more than two days to expiry. And if you've seen the previous two videos, we talk about this in detail. Now if the SPX options are a bit big in size for many people, you can trade the SPIDER. The SPIDER as you know is an ETF of the S&P 500 and it's one tenth the size of the SPX index itself. Now you can trade the SPIDER options or you can trade the SPIDER ETF itself. So if you're not an options trader and if you're a stock trader, you can trade the SPIDER ETF just like you trade any other stock. If you trade the SPIDER options and if for some reason if you get into a short position, then you have to watch for assignment because the SPIDER is an ETF and it can be assigned if the short ends up in the money. Now that's not the case with the SPX options because the SPX options are a cash settled index. Now you can also trade the slash ES which is the S&P futures. You can also trade the options on those futures. What you have to bear in mind is that the E-mini which is what it's called, the ES is called the E-mini, it is half the size of the SPX. Then you can trade something called the SSO. The SSO is also an ETF and it's a 2X leverage of the SPIDER ETF itself. And what that means is that for every one point move on the SPIDER, you're going to get twice that from the SSO in the same direction. So it's a 2X leverage ETF of the SPIDER itself. Then you also have the SDS ETF which is the inverse 2X leverage of the SPIDER ETF itself. So the SDS will go down two points for every one point that the SPIDER goes up. So it goes in the other direction. And finally, you can trade the ES futures itself on the active trader screen based on the ticks and the custom RSI. So what we are saying here is using the ticks information and the custom RSI, you can trade any of these instruments depending on your situation. If you have the ability and the knowledge to trade the SPX options directly, nothing like it. That's the best because there is no worry of assignment and exercise and all of that. It's a cash settled index. There's no worry of going in the money. That is probably the best option. Now the SPX options are a little big and so for people who want a smaller size, you can go for the SPIDER ETF which is one-tenth. The ES futures are one-half of the SMP. The SSO is twice the SPIDER so which means it will be one-fifth of the SPX. The SDS is also 2X leverage of the SPIDER but it's in the other direction. It's also one-fifth of the size of the SPX but it will be in the other direction. So these are the different things you can do with the ticks and the custom RSI and now let's go into the platform and look at all of these in detail. Thanks. So here we are on the platform and what we are looking at is the SPX and you can see this was this past Friday's trading action and we said there could have been a little small trade here. You can see but it wouldn't have lasted very long. What was a good trade was towards the end of the market and this would have been a nice trade fetching about $800 to $1000 on a five contract position. So then this is the first instrument. Now this is the biggest instrument. It's the SPX index itself and as you can see some of these option prices on the SPX can be a little large and so if you don't want that large you can also come down to the SPIDER and so when you do the SPIDER you'll see that the ticks reading and the custom RSI doesn't change because the SPIDER is just a mirror of the SPX but it's one-tenth of the size. It's one-tenth of the size. It's an ETF and so it doesn't have any earnings reports. However the only difference is it is not cash settled. So if at all by any chance you get into a short position you could be assigned the ETF itself. Now you can do options on the ETF or you can trade SPIDER as a stock itself just like you would trade a stock. So you can buy 100 shares of the SPIDER. You can buy 1000 shares of the SPIDER. So if you are not an options trader you can use the SPIDER to trade just like a stock. So that's the second option we have. The SSO is a double leverage ETF of the SPIDER. So you'll see that the SSO also has the same chart. But if you look at the description right here it says ProShares Trust Ultra S&P 500 ETF. The Ultra means it's 2X leveraged. So this is also you can trade the SSO. Now so this will be twice the size of the SPIDER which means it's one-fifth the size of the SPX index itself. The next ETF we were looking at is the SDS and you'll see that the SDS chart is exactly the opposite of the SSO because it's an inverse ETF. And so when the SPIDER goes down the SDS goes up. This is again an ultra short so which means it's a 2X leveraged. So for every 1% move in the SPIDER you'll see a 2% move in the SDS as well as the SSO. And then finally you have the slash ES itself. This is in the after hours the ES trades almost 24 hours a day. This is the trading day for the ES and not many people may know that there are options on the ES itself. So if you come to the analyze screen here and you type in ES what you'll see is options on the ES itself. So but now ES is the future and therefore you would need to be approved to trade in futures on your account to trade the options on the ES. The options on the ES they're going to be one half the size of the SPX. The ES is called an E-mini S&P 500 index futures and the E-mini refers to the fact that the ES future is one half the size of the S&P. Now finally you can trade the ES futures itself. So if you come to let's go let's maximize this screen over here and if you come to the trade tab and you come to active trader you can see that this is called the ladder of the futures. And here also you can have the ticks and you'll see that you can take trades on the ES future itself using the tick SPX as well as the custom RSI. The futures are actually very very easy to trade and you can set your limits you know in minus set to buy two and all you have to do is if you say buy two then that's it the order is sent right there and your order is there. And if you want to cancel it you just click on the X and that's it it's canceled. So it's a very very convenient way of trading the futures this ladder scenario here is very nice. And so if you like trading futures you can use the tick SPX as well as the customer RSI to trade the ES futures itself. So whether you're a stock trader or an options trader you can use the tick SPX and the customer RSI to trade a number of flexible instruments. You have the SPX which is the largest index then you have the SPY which is one tenth of the SPX then you have SSO which is twice the size of the SPY or twice the leverage rather. And then you have the SDS which is an inverse twice and then you have the ES futures you have the ES options on the ES futures as well. So quite a bit of flexibility here. Thank you.