Not new to investing but new to options trading. I understand the concepts of options (been reading fidelity etc) and tried a couple of simple trades. What's the best way to get started where I don't lose my shirt? I hear covered calls a lot on my positions. Is that the place to start? Share your journey if you went from newbie to expert. Thanks.

Is option trading on Fidelity fast? Faster that TOS? I understand execution time is faster on Fidelity, but is is it time consuming to set up the trade before you can send. Would like to know specifically for day trading.

Thank you in advance.

Currently Fidelity is the only trading account I have. I have almost 6 figures of cash in the account and over six figures of margin buying power. The trades I make are usually relatively safe and I never trade more than I could easily wire in to cover should I need to. I've been trading options for the last couple of years and have level three access on Fidelity. That being said there are still some restrictions That make me miss out on some plays such as not being able to trade 0dte even if they are covered calls or cash covered puts. If I decided to move elsewhere what would your recommendations be?

While I don't think platform is good as TOS but cannot beat price improvement on half of my limit orders. Did 4 closes with 2 price improvement.

Did 7 closes on ToS, 0 price improvement.

After 6 months of just using Fidelity for options I am absolutely thrilled with Fidelity, I am occasionally getting filled above my limit order. I have never had a single instance of that on Robinhood, the fills would always be exactly at my limit order and still felt slow when I was monitoring the OI and vol. And of course I'm earning interest in cash held as collateral for covered positions in SPAXX which was my primary reason for switching, I wasn't expecting the fills to be so much better.

Is there an easier way to trade options on this app? It’s honestly not convenient AT ALL!

Not sure if this is common knowledge; it wasn't for me, but if you are holding options be sure to sell them prior to 3pm eastern time. If you don't, Fidelity will sell them for you and charge you a commission fee. I've searched all their disclosures and couldn't find anything that relates to a specific time.

This has happened to me twice now. The first time was at 3:10 on two SPY options that I was watching and waiting to sell until they moved a little more in my direction. I had a limit order set that Fidelity cancelled then sold at market. I was left with $2.00 after they sold 2 contracts.

This Friday I had one put contract that I had a limit order again get cancelled and sold at market. This was right at 3:00. Again, only left with $2.00 after commission. The commission the first time was $15.95. The second time it was $22.97. Don't know why they were different each time but what I was left with each time was $2.00.

Hello, i am trying to decide between Fidelity or Schwab for option trading. Currently enjoying selling cash secured puts and selling covered calls. Which brokerage do you use and why? Just focusing on these two brokerages please.

After training since middle of May, taking a 2 day course, and studying options trading for countless hours, today I got denied by Fidelity when finally requesting Options on a brokerage acct.

Not gonna lie, that kinda hurt my feelings. I have 100K in that Fidelity brokerage acct and even more in other accts.

From what I read, I’m in good company.
Should I take it they don’t want newbies trading on their platform? I answered “1 year or less” on the options trading experience drop-down, and requested tier 1.

Should I just open an acct with Tastytrade or similar?

Edit to original post: some are saying I should haved just lied to claim I had trading experience. Fidelity required me to upload documents as proof of trading history...also of income (pay statement)...and copies of all brokerage accounts or bank accounts. Doesn't seem like lying would have helped unless the docs were fake too.

The Saga continues: I reaplied with info they requested, and even some supporting info they didn't ask for!

so im trying to get options privileges on a pretty new fidelity account and, I filled out the application truthfully, like a dumb ass, saying I had no experience and of course go Denied immediately. I filled out another one just doing the best answers, high risk, lots of experience, etc. but now its asking for proof documents. The trade dates one is getting me as my account is new.

How long do I have to wait before I can submit another application with the best answers, get accepted, and not asked for documents as proof. OR will they remember forever and Im stuck until I actually rack up 2 years or so on the account.

I’m looking for individuals out there that might be using Fidelity for their business investment accounts. What has been your experience with Fidelity? Have you been happy with them?

I have been waiting for about a day now to get options enabled on two of my business accounts, the reasoning for this is very simple, I would like to sell covered calls against some of the assets I hold like $MARA and $MSTX.

I have jumped through the hoops, filled out the paper forms, I have also spoken with them on the phone. I was told that this process would normally take between 2 to 5 hours.

I was also told that I would receive an email letting me know whether I have been approved or not.

Yesterday around 5 PM, I received an email from Fidelity thanking me for my interest in the “stock lending program”.

They send me three additional forms. Tell me to fill these out and I will be approved.

For those who are not in the loop, if I fill out these forms, and turn them back in, Fidelity will be able to lend out my shares to be used by shorters to short against the stocks that I currently own.

This is not something I am interested in doing at all, and I am bit confused and offended by what Fidelity has done here.

Fidelity has had all the needed paperwork for 25 hours now to get options enabled on my account. They have not requested any additional information, things are just sitting there idly waiting Fidelity to do what they need to do.

If you were in my situation, would you continue to wait or would you be looking for other companies to work with moving forward?

If you think I should be looking for other companies, which ones would you recommend? Robin Hood? Charles Schwab? Or somebody else? Any input would be greatly appreciated.

I tried purchasing a contract the other day and was told I couldn’t. Is there a reason for this and how do I get permission?

Hey everyone. Been looking towards getting into options, and just wondering which option tier I should be choosing? I know I don't know all the different strategies and terminologies, however I don't mind experimenting with it while learning about it. I want the ability to learn and trade all different types of strategies, so initially I'd assume to go with lvl 3, however just wondering if I should be starting with a lower one, and if yes, why? Are there downsides to higher tiers? Also if I start with a lower tier, can I later on switch to a higher one? Thanks everyone. (Please don't give me your opinions weather to be trading options or not.)

In taxable brokerage cash account. Which one would you prefer? If you can name one or two pro and con that will be great.

I am, in particular, interested in two aspects in fidelity rule and language

1. Good faith violation trading not settled fund

2. Set up after hour sell/buy order with good till cancel

I never used robinhood. Heard so much good about the ease and cool features. Wonder if you feel more comfortable trading with fidelity or robinhood m?

Anyone noticed anything weird going on for the past 5 trading days? I normally buy spread calls but recently I can't seem to be able to buy at the price I was getting.

Did you guys change something? getting routed differently?

Can't seem to make money with the current situation.

Also, the more you trade the slower Trader+ get. By noon, it took 15 seconds to get a trade through. I am about to give up.

Very new to options, just sold my first Covered Call a month ago. The share price has went up. Looking to roll another 30 days and don't understand the Fidelity pricing on the Sell to Open leg of the Roll. The Net Bid, Midpoint and Net Ask under the Sell to Open is widely different for the prices on the side of the page. The below Net Bid is $0.35 while the bid you can click on for More is a Net Bid of $2.40. Why is the price you can select is so different? I understand you can change the price in your contract but why the large difference?

I have been using ATP for some time. I recently started trading options as simply as possible. I've been selling small calls on stuff I intend to keep long term. Today ATP finally kicked me out saying that I need to enroll as a streaming trader and pay $123 a month. I'm probably barely making that with the limited options trading I am doing. I know I have been getting notices that something about streaming traders was/is changing, I didn't read them, because I didn't don't care about real-time data.

So, with no ATP, I went to see what options trading was like on the web experience. It sucks compared to what ATP offered. I guess that is to be expected, but if ATP is supposed to be "pro" why does it have the graphs, and idiot explanations of options trading (in the options builder) while the web experience (which is then presumably for idiots like me) has no explanations and allows options trading with fewer guardrails that what is available for "pros"?

I'd humbly suggest that options trading in the web experience get updated so idiots like me worry less when we are trying to build options.

Edit/Update: Something withing the last two weeks changed my designation to "professional". I am not a professional trader. The change/charge for real time data occurred ~3 months ago (25 May). However, my account was flipped to "professional" status in the last two weeks for an unknown reason.

Has anyone tried Fidelity’s Trading Dashboard?

https://www.fidelity.com/trading/trading-dashboard

I haven’t seen much coverage as people talk about TOS or Robinhood’s new Legend platform but TOS is too complicated for me personally and the Legend platform Robinhood rolled out only has 6 tools and doesn’t allow for advanced orders etc.

Trading Dashboard has some very cool option chains and probability graphs built in and I believe Fidelitys option trade execution is among the best. Anyways wanted to see if anyone’s tested it out?