The firm I signed up, Mastertrader, with tells me that I cannot day trade options (under 5K) even if I have a strict cash account. This is ridiculous. TDAmeritrade allowed me to day trade options because I have a cash account (NOT a margin account) without flagging me as a day trader. I don't think any broker really knows what the hell is going on in terms of law. Can anyone post here EXACTLY what the law says regarding day trading? Does it apply only to MARGIN accounts, or to strict cash accounts too? I called SEC too, but it's a waste of time.