pattern daytrade rule-apply to options?

does the pattern daytrade rule apply to options?

 

Yup.

PDT Rules

This is one reason folks move to index futures.

 

Steve,
Your answer is not entirely true.
Pattern Day Trading applies to options "only" if you have a "Margin" account.
However Pattern Day Trading does not apply to a "Cash Only" account.

 

How can you daytrade in a cash only account when the trade doesn't settle until the next day at the earliest?

 

You would need a lot of cash.