SPY and the biggest mutual funds track the S&P 500 with over 99% correlation. Same exposure. Nearly the same fees. The difference over 20 years in fees is about $500. That is not where the edge is. Tom Preston shows where it actually is. SPY lets you sell call verticals against your position. A mutual fund cannot. One short call spread six times a year adds roughly $400 annually. Over 20 years that is $8,000 in additional returns on the same market exposure. That is the SPY advantage. 📊 tastylive: tastylive.com 📰 Get Tom's pre-market analysis every morning: tastylive.com/newsletters 📘 FREE Options Strategy Guide: tinyurl.com/bp9ms763 📱 Follow tastylive on X: x.com/tastyliveshow Chapters 0:00 Bullish on the market: mutual fund or SPY 1:11 Correlation: 99%+ between SPY and the biggest funds 2:57 The fee argument: $500 over 20 years 5:27 Fractional shares solve the monthly investment objection 6:23 The real advantage: options overlays on SPY...