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Hey I've got a question for you OEX or stock option traders - I know
I've brought
this up before, but getting a clear answer is a pain. Let's say
you've got a $100k
account, all of which is cash one morning. You buy $100k worth of
OEX calls, and
sell them the next hour for exactly what you paid, so you've still
got $100k. Question:
are you allowed to trade with that $100k, or is it "used up" for
the day since options
are traded in a cash account?/// settlement is trade date plus
one, yes?///Yes on options, T+1. I know you've got the full $100k to
trade with the
following morning, but since long options are traded in a cash (and
not margin)
account, I'm wondering if you can turnover that $100k multiple
times within the same
day.
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