You can reapply after 7 days if you believe you made a mistake in answering the questions. If you apply for a second time and do not get approved again, you must wait 90 days before applying for a third time.
Options involve risks, including substantial risk of loss and the possibility an investor may lose the entire amount invested in a short period of time. Before an investor begins trading options they should familiarize themselves with the Options Disclosure Document. Tax considerations with options transactions are unique, investors should consult with their tax advisor to understand the impact to their taxes.