Where in the TWS platform, or in the account management website link, does IB show how many day trades a person can make, before violating the PDT rules?
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TWS 'Day Trades Remaining' PDT
- Thread starter minorearth
- Start date
Everywhere I have checked, including IB's site, has nothing to say about buying and selling multiple strike prices in the same market throughout a trading day. The only examples are for stocks themselves, or the same option that was purchased in the morning and sold in the afternoon, or vice versa. None of the examples are complex. I've yet to receive a response back from IB. In their defense, it hasn't been a long time since I sent the inquiry.
MinorEarth:
Take a look at this SEC Bulletin. When defining the "same security" It says:
This definition encompasses any security, including options....
That is pretty broad, so I'd say it would include all options, no matter the strike or date.
http://www.sec.gov/investor/alerts/daytrading.pdf
Jack
Take a look at this SEC Bulletin. When defining the "same security" It says:
This definition encompasses any security, including options....
That is pretty broad, so I'd say it would include all options, no matter the strike or date.
http://www.sec.gov/investor/alerts/daytrading.pdf
Jack