There are two main reasons why your account cannot be used to buy options.
- Unsupported Account Type
- Trust accounts
- 529 education accounts
- Pension plans
- Deposits are not cleared
Options and most stocks priced under $5 a share are not able to trade before deposits are cleared.
After confirming that the account type supports the options transaction, you can check the outstanding payment on the website.
Click this link
Or find in the navigation bar as below.
My Account > Deposits & Transfers > Activity
- Click > Cash available for withdrawal
- You’ll see > Uncleared deposits
You can wait until TD Ameritrade clears your deposits.
According to the feedback from TD Ameritrade customer service, the timetable for receipt is as follows.
|Deposits Type||Clearance Duration|
|electronic (ACH)||2-4 business days|
|Checks||4-5 business days|
|Wire||As soon as they post to your account|
If you cannot buy options or other ideal securities immediately after deposit but still afraid of losing time-sensitive opportunities, please work out your investment plan with the timetable above.