Does buying options with cash allow for day trading?

Asked 5 years ago

If I were to buy options using cash, would I be allow day trading even if the amount is under $25k? If yes, which brokerage allows this?

Andia Rispah Igobwa

Friday, June 18, 2021

You can use a cash account to day trade options.

However, you'll be subject to a three-day rule. This rule means you can only get cash to trade again after three business days following a security sale.

For a cash account, you can try Webull.





Write an answer...

Cancel

Please follow our  Community Guidelines

Related Articles

What are ETFs and How Do They Work?

What are ETFs and How Do They Work?

Andrew Moran

April 23, 2021

Can't find what you're looking for?