How long to hold option spreads

Discussion in 'Trading' started by bored_engr, Jun 25, 2008.

  1. I am trying to figure out the minimum amount of time I should hold on to option spreads without falling into any "special" category.

    It appears that if I hold them overnight (open a position on one day and close it the next day), I would not fall under the "pattern day trader" rule. Can some one confirm this?

    So, is overnight holding the minimum requirement? Also, are there any other implications/restrictions/gotchas in how long you should hold positions? I am only concerned about trading laws.

    thanks for your help
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