Election day?

One of the clues on Jeopardy asked when the latest day that the election could be held. (It was used in the context of Reagan getting elected, I think.) The correct answer was November 8. I thought that the election had to be held on the first Tuesday of the month. So is there a rule that it can’t be held on the first?

It is the Tuesday after the first Monday in November. From http://www3.kumc.edu/diversity/other/election.html:

Every four years, on Election Day, (Tuesday after the first Monday in October)…

You of course meant November, right?