Cash Call

Cause: Cash calls are issued when a cash account makes a transaction and exceeds the overnight buying power..

Due: Generally, Trade date + 5 business days (T + 5) to meet by depositing funds in the amount of the call. OptionsHouse may issue Cash calls T+1 at its discretion, based on risk and/or other factors.

Meeting the Call: Cash calls can only be met by a deposit of funds into the account in the amount of the call or greater.

If the Cash call is not met by the due date a liquidation strike is issued.
After a fourth strike in a rolling year period, subsequent Cash calls are due T+1.

Five strikes in a rolling one year period will restrict the account to closing trades only status for 90 days from the due date of the 5th violation.

In addition, if the Cash call is not met by the due date, and the position that caused the Cash call is closed, a Free Ride Violation strike may be issued.

Subsequent Cash calls are then due T + 1. Two Free Ride strikes in a rolling one year period will restrict the account to closing trades only status for 90 days from the due date of the 2nd violation.