Public does not support professional traders as defined by the 390 Professional Orders Rule (“390 Rule”).
The 390 Rule is a regulation established by the Chicago Board Options Exchange (CBOE) for determining if an options trader is classified as a “Professional” trader.
Rule 390 defines a professional investor as an investor who places an average of 390 options orders per market day over a calendar month. All submitted option orders are considered, including orders that are executed in full, partially executed, and placed but not executed.
The number 390 comes from the number of minutes in a trading session (9:30 am to 4:00 pm ET), with an order essentially being placed every minute during the session.
Because Public does not support professional traders under this rule, your account may be restricted if you meet the criteria under Rule 390. Please reach out to support@public.com or via our in app chat if you have any questions about whether this rule might apply to your account.
You can learn more about the 390 Professional Orders Rule here.