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A Guide to Trading Options on Fidelity


Beginner's tutorial on how to place your first options trade using Fidelity or most other brokerages. Also includes tips on basic option trading terminology and definitions. Set up your Fidelity account here: PS - Personal Capital is my favorite way to track and manage my net worth: #fidelityoptionstutorial #howtotradeoptions...(read more)


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As an options trader, getting the right broker and platform makes a big difference to your trading experience. Fidelity provides a robust trading platform that allows traders to trade options with ease. Here is a step-by-step guide on how to trade options on Fidelity. 1. Open a Fidelity account Before you start trading options, you need to open a brokerage account with Fidelity. It is a simple and straightforward process that takes less than 10 minutes. You will need to provide some personal information, such as your name, address, and social security number, to open an account. 2. Apply for options trading Now that you have a Fidelity account, you need to apply to trade options. You can do this by logging into your Fidelity account and clicking on the ‘Accounts & Trade’ tab. Then, select ‘Trade Options’ and click on the ‘Open New Account’ button. Next, choose the type of account you want to open, such as an individual or joint account, and complete the application process. 3. How to place an options trade Once your options trading account is approved, it's time to start trading. To place an options trade, log in to your Fidelity account, and select the ‘Trade’ tab. Then, select ‘Options’ and enter the details of the trade, such as the contract symbol, expiration date, strike price, and quantity. You can also select your preferred order type, such as limit or market order. 4. Trading tools and resources Fidelity offers a wide range of trading tools and resources that can help you make informed trading decisions. The ‘TradeArmor’ tool, for instance, allows you to visualize potential profit and loss scenarios, while the ‘Probability Calculator’ helps you assess the likelihood of an option trade reaching a profit target. 5. Commissions and fees Like most brokers, Fidelity charges commissions for options trades. The commission rate varies depending on the size of the contract and the type of trade. For instance, the commission for an equity option trade is $0.65 per contract, while the commission for a multi-leg options trade is $0.50 per contract. 6. Managing your options trades As an options trader, you will need to manage your trades to minimize losses and maximize profits. Fidelity provides a range of tools and features to help you manage your options trades, such as the ‘Options Analysis’ tool and the ‘Strategy Evaluator’ tool. Moreover, Fidelity allows traders to place stop orders, limit orders, and other automated orders to help manage risk. In conclusion, Fidelity offers a robust options trading platform with a range of tools and resources to help traders make informed trading decisions. Whether you're a beginner or an experienced trader, Fidelity provides a user-friendly trading platform that can help you trade options with confidence. https://inflationprotection.org/a-guide-to-trading-options-on-fidelity/?feed_id=103139&_unique_id=6477ca3a3c164 #Inflation #Retirement #GoldIRA #Wealth #Investing #buyingoptionsbeginners #buyingoptionsfidelity #CallOption #fidelityinvesting #fidelityputoptiontutorial #fidelityreview #fidelitytradingplatform #fidelitytutorial #financeguy #howtobuyoptions #howtotradeoptions #howtotradeoptionsonfidelity #howtousefidelity #investing #investingtips #investingtutorial #longput #optioninvestingbeginners #optiontrading #optiontradingfidelity #optionsexplained #personalfinance #settingupfidelityaccount #FidelityIRA #buyingoptionsbeginners #buyingoptionsfidelity #CallOption #fidelityinvesting #fidelityputoptiontutorial #fidelityreview #fidelitytradingplatform #fidelitytutorial #financeguy #howtobuyoptions #howtotradeoptions #howtotradeoptionsonfidelity #howtousefidelity #investing #investingtips #investingtutorial #longput #optioninvestingbeginners #optiontrading #optiontradingfidelity #optionsexplained #personalfinance #settingupfidelityaccount
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