Does buying options with cash allow for day trading?

Asked 3 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.

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