Official document:
https://www.sec.gov/files/rules/sro/finra/2026/34-105226.pdf
First, there should be a "regulatory notice" coming which can be as early as next week.
Then, some brokers worry that they may lose customers if customers jump to others brokers that implement the new rule immediately after the "regulatory notice", so there is a limit on the earliest broker use of the new rule: 45 days after the "regulatory notice".
From Cobra Trading
โWith approval on an "accelerated basis", we would expect regulatory notice as early as next week. At such time, the 45-day countdown would begin.โ
PDT rule is removed today, but another ~ 2 months for brokers to adopt
byu/Infinite_Music2074 inwallstreetbets
Posted by Infinite_Music2074
10 Comments
its a sad feeling when your option is going poorly…
THEN you get a notice that you cant exit it..
Some people are going to learn the pitfalls of a wash sale.
https://preview.redd.it/mccmdckyg9vg1.png?width=1176&format=png&auto=webp&s=d25441c9130558f855974ca34214caf25aa40280
๐
The final stages of the grift.
๐ซ fake rule anyways
Are we thinking this will drive up option prices at all?
this is not good
This for options trading plus the likely eventual 24 hour market will be wild. Sign me up.
Lmao at brokers knowing their slow ass will lose them customers so they whined into getting a grace period