Day Trading s-corp Taxes

Hi guys,

 

I only found this thread: https://ttlc.intuit.com/community/business-taxes/discussion/day-trading-losses-with-an-llc/01/203022...

 

I have an S-corp registered for a few years, but i have incurred significant losses day trading. I have not elected MTM. 

 

Would I still be able to treat the losses as ordinary under the s-corp?