Grown Pear said:
Forgive me please for bringing this topic back up again and distracting from trading...
Good faith violations...
I have a Cash account with SETTLED cash holdings of at least ~5x what I'm playing options with. Do I have to worry about buying and subsequently selling options same day/next day (before they actually settle) if I'm buying those contracts with settled cash? I'm just paranoid about getting my account locked 90 days
It is my understanding as long as it is purchased with settled cash, then it is ok to sell on the same day (based on the info on Schwab's website)