8 Brokerages That Show What Time You Can Trade SPY in 2023

Ruben Leija

When I first started day trading $SPY on Webull, I tried to buy an option contract with same-day expiration but I got denied. Webull denied me because it does not allow their users to open a new position with same-day expiration after 2PM Easter Time.

I later learned that every trading platform is different with opening up new same-day expiration $SPY positions. But all of them allow you to close your position by 4:15PM Eastern Time.

Also, all brokerages allow you to open new none same-day expiration $SPY positions until 4:15PM Eastern Time.

Here’s a list of 12 brokerages that show up to what time you can open same-day expiration positions on $SPY and what time you can close them at!

Brokerage	Open position up to	Close position by
Webull	< 2:30PM Eastern Time	< 4:15PM Eastern Time
Robinhood	< 3PM Eastern Time	< 4:15PM Eastern Time
TD Ameritrade	< 4PM Eastern Time	< 4:15PM Eastern Time
Fidelity	No same-day expiration	No same-day expiration
InteractiveBrokers	< 4:15PM Eastern Time	< 4:15PM Eastern Time
E-Trade	< 4PM Eastern Time	< 4:15PM Eastern Time
TradeStation	< 3PM Eastern Time	< 3PM Eastern Time
Charles Schwab	< 2PM Eastern Time	< 2PM Eastern Time

How To Get Same-day Expiration with Fidelity

After talking to Fidelity over the phone, it seems that they will only allow it to clients that have a net worth of $1 million. If you do not have a net worth of $1 million, then you’re not eligible.