Received 1 Karma
PS23 Nov 07, 17 3:13 PM

Welp... Called E*Trade and found the answer. I'll share it here for anyone that's interested. If you hold the stock for 1 day or less (before the settlement date of the money used to trade (t+2)) Then you do not have to pay any interest at all. If you hold the stock beyond the settlement date +2 days, you are charged the 9.75% on an ANNUAL basis, so it would end up being $0.27 a day in interest. Cheers!

DLC2277 Nov 07, 17 5:04 PM

Thanks for that!!!!

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