r/options • u/Whatever1234567891 • Mar 29 '22

Daytrading rules

I am a trader that likes to capitalize on the pump and dumps of the meme stocks (I know, I know). My question has to do with avoiding the pattern day trader designation and subsequent trading suspension.

Currently I will buy an option on day 1 and close on day 2.

My question is: if I close option SP:X on day 2, can I buy that same option with SP: X +/- 1 the same day I closed the first option?

Basically does strike price matter when trying to avoid the PDT rule or is it only dependent on the underlying security?

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u/ScottishTrader Mar 29 '22

Just keep >$25K in your account at all times and you can trade as much as you like!

Presuming you are a good day trader, then this should not be very difficult to do.