Recent content by GaSouthernTrader

Cash accounts do not fall under the pattern day trader rules. Only margin accounts. I can buy puts and calls all day long as long as I have the cash. And options contracts settle at the end of the day so I always have my earnings to use the next day, unlike stocks where it takes 3 days.

Thank you.

Long calls and puts. I don't keep the contracts for more than a few minutes at a time. I've only bought puts a few times because it scares me each time lol.

I just started day trading option contracts not to long ago. I've read books, watched online podcasts, and YouTube videos on how to read charts and market indicators. I started with a meager $2500 in a cash account. So far over a few weeks I have grown that amount to $7900 averaging about...

Ok I have another question. I have mainly been day trading cheap weekly option contracts with Facebook with profitable results. When AAPL stock splits on the 6th, I'm guessing I will have to own the contract by the 2nd in order to receive the split just like a normal stock owner would. Then...

Hi, I just started trading options after learning about it in my MBA class and I have a question about stock splits that was never covered. AAPL has a 7-1 stock split next week and I was wondering how does that effect option prices and call/put amounts during/after the split?

Thank you for that explanation.

I am new to trading. When I heard on the news and read reports that Home Depot did not meet their earnings target I thought for sure their stock would fall in price, but instead they had a huge gain! Can someone please explain why this happened?