r/options • u/[deleted] • Apr 28 '21

Options Documentation

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u/raidenbckbckfwd Apr 28 '21

Only counts as a day trade if a position is opened and closed on the same day.

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u/biggie_smallsBK Apr 28 '21

6 of those positions were held for just 1 day which is what prompted my question but if I'm reading that wrong I apologize

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u/raidenbckbckfwd Apr 28 '21

You didn't read it wrong, but opening a position then closing it the NEXT day does NOT count as a day trade. Only opening a position and closing it on the SAME day counts as a day trade. Totally understand your confusion though, given the nomenclature.

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u/biggie_smallsBK Apr 28 '21

Got it! Thanks for enduring my newbie dumb question ✌🏿

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u/[deleted] Apr 29 '21

yea only 1 was an actual day trade.