Single Stock Futures Do Fall Under Pattern Day Trading

Discussion in 'Trading' started by Roman Candle, Apr 13, 2009.

  1. Even though you don't have voteing rights and you don't collect dividends.
     
  2. Really? Are you sure? TradeStation lets me trade SSF in my futures account. Margin 100:1.

    I haven't traded it because the liquidity sucks.
     
  3. The spread is quite wide to.
     
  4. The page you referenced did mention stocks and options. And they are under the Pattern Day Trading rules. But I didn't find any mentioning of Single Stock Futures.

    I will be really surprised if they let you trade Single Stock Futures in the same account that is used to trade stocks. They have different margin rules, and the tax implications are totally different. SSF follows the 60/40 long-term/short-term capital gain split.
     
  5. auspiv

    auspiv

    from the IB page:

    Day Trade: any trade pair wherein a position in a security (stock, single-stock future (SSF), bond or stock option) is increased ("opened") and thereafter decreased ("closed") within the same trading session.
     
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  7. I stand corrected. Sorry.

    I thought the margin was 100:1. But for SSF it is only 20% for OneChicago SSF.

    The 60/40 split gain does not apply to SSF either. SSF are taxed like securities.