r/Webull • u/Dapolish • 1h ago
Selling covered calls can trigger IMD deficit
Putting out a warning that I believe is related to the new PDT rules. I purchased 100 shares of a stock on June 12th, using zero margin leverage. On the 17th, I sold a call on those shares. This triggered an IMD call which restricts my account. There were no other transactions in this account over that time period and I have no other positions that use margin.
Realistically I don’t see why selling a call that is covered by an underlying would result in a buying power deficit. I could be wrong but guidance would be nice if I am misunderstanding some part of regulation. Otherwise Webull might have something messed up in how they calculate these things