I have no idea. I've never looked at SPXW.

My game in options is exclusively SPY, QQQ, and sometimes the big liquid stocks with tight spreads--AAPL, MSFT, TSLA, META, AMD. I don't care about an average 20% or 40% zigzag during the day.

You seem to want me to comment on something complicated. I can't do that because I have intentionally and studiously pursued simple instead.

At one point in my trading I had 16 indicators on every chart to tell me if the price was going up or down. But, as I've mentioned in my posts the greatest market guru, Henry David Thoreau, rose out of his grave and said "Simplify, Simplify, Simplify."

So now, besides price, for options trading I have one, the open; for swing trading two, the NYMO and the NYSI; and for gauging overbought/oversold on stocks and ETFs, a 9-bar CCI. That's it, the sum total of my trading practice.

Remarkably, almost no one believes it. To tell the truth some days neither do I.

By the way, today is a big fat example of why complicated doesn't help, in fact it may get in the way of the simple--the SPY 524PUT finished the day up 460%, the QQQ 447PUT closed up nearly 490%.

What I call my "Simple Options Strategy" gets chopped up a lot but when the trending day comes along (or a trending move like today), nearly two times a week since September, it chews up the chop and spits out big profits.

P.S. Thanks for asking this. I've probably not helped you but I think I'll write this up and put it out on my Substack as one of those "who-I-am-and-what-I-believe" statements.