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Options Trading
Do nots and can nots when trading options
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Do nots and can nots when trading options

[Cash Account] Options cannot be traded using unsettled funds from deposits.

[Cash Account] Options cannot be traded using unsettled funds from trades.

[Margin Account] Options cannot be traded using unsettled funds from deposits.

[Margin account] Options cannot be traded using leverage.


  • IRA accounts are not eligible for options trading.
    You can apply for options trading with either your cash or margin account, but not your IRA account.

  • When trading options on a cash account, pay attention to the following rules:

  • You cannot trade options with unsettled funds from your deposit.
    When you initiate an ACH deposit, it usually takes five business days for the funds to settle. During this time, an account in good standing will receive access to their funds (up to $1,000) in the form of provisional buying power. This buying power can be utilized to trade stocks and ETFs, but not options. Please wait for deposits to fully settle before trading options.

  • Options cannot be traded using unsettled funds from trades
    If you use unsettled funds to trade options, you will run the risk of incurring a GFV, which may impose certain restrictions on your cash account. In order to avoid a GFV, please adhere and familiarize yourself with cash settlement rules.
    *GFV (Good Faith Violation) only apples to cash accounts.
  •  

    When trading options on a margin account, pay attention to the following rules:

  • You cannot trade options with unsettled funds from your deposit
    When you initiate an ACH deposit, it usually takes five business days for the funds to settle. During this time, an account in good standing will receive access to their funds (up to $1,000) in the form of provisional buying power. This buying power can be utilized to trade stocks and ETFs, but not options. Please wait for deposits to fully settle before trading options.
  • Options cannot be traded using leverage. 
    You cannot use leverage to trade options.
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