Tell SEC and NASD you oppose daytrading rules on Options

1. By these PDT rules, do NASD/SEC want to address day trading problems or margin problems?

It should be margin problems, right? They see that over-use of margin is harmful. But that is not equivalent to say day trading is harmful.

2. Why is it 4 day trades out of business 5 days?

Why not 3 out of 4 or 1 out of 1? How do you think one is less or more riskier than the other? There is no quantity of money involved in such an important concept.

3. It seems IB does do potential PDT a favor by limiting 3 day trades in 5 days. This prove that they do care to protect some small investors while be compliant to NASD/SEC rules, for course for their interests. On another extreme, they could just say you are a PDT anyway.
 
Notice that it says "any" security. Could they apply that to futures? I think these guys at NASD would apply it to groceries if they thought they could get away with it.

I'd like to see some documentation that this rule DID NOT apply to options. Does anyone have such a thing ?
 
Toonces:

Bit of an off topic question, but where did you come up with that handle? Coincidently know someone who is affectionately referred to by that name.
 
Futures are considered Commodity rather than Security. They shouldn't fall under the SEC jurisdiction.

It seems that to freely trade options we will simply have to trade them from a non-margin account.
 
you seems a little naive. you must haven't benefit from hiding your big orders after small guys and get good fills. I had many experience in which I think I made many giant guys smile. JMHO.
 
your statement souds a little naive. don't you think they are coming after you sooner or later no matter how big you are?
 
You little bastards make me pay high prices. When I bid 10000 shares on the NYSE all you little pricks hit the offer. When there is a big offer I can hit you Dot guy's take it before my floor trader gets my call. I hope all you day traders go away by law.
 
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