390 Professional Order Rule
Just got an email about this new rule. I'm confused and struggling to find info online or on RH about it. It says you cannot exceed an average of 390 Option orders per trading day during a calender month.
Does this mean if I do 1 order of 10 contracts does that count as 1 or 10 towards 390.
Can someone explain this to me better than Google can. Thanks
Edit: I played around on robinhood and was able to talk to the AI assistant and figure out how it works.
Example- If I place an order to buy 20 options and then sell all 20 options in a single order. That will count as 2 orders for the day. If I were to sell those same 20 options as 4 orders of 5 then in total it would be 5 orders for the day.
Almost seems impossible to hit 390 orders a day, thanks for the answers