I'm looking to write covered calls on a stock that I own. If I write 1 options contract, what would my proceeds be? Let's ignore fees for simplicity.

Should I focus on the "Last" price of $3.96 (receiving $396), or the "Bid" price of $4.95 (receiving $495)?

Also, is it generally advisable when selling covered calls to set market or limit orders?

During the pre- and post-market hours does the option chain reflect current values? For instance, NVDA is down 2% pre-market but I can't tell if the prices reflect that or last Friday's close.

I'm thinking they do reflect current bid/ask prices but I just want to be sure.

I feel like a complete idiot asking this but in all fairness I use the website 99.9% of the time. I’ve trying searching options in the app (using the iPad version) and got a list of ways to contact Fidelity.
No matter which icon I click on, I don’t see any option to select options 😉

A navigation or better search tool might help?
Thanks in advance

Just as the title says, how do I view my current options’ greeks from within the app?

Could someone post a screenshot of any options chain on the mobile app. I am looking to teach a co-worker how to sell covered calls and not currently a Fidelity client. I want to get familiar with the layout on the app.

Thanks in advance.

I apologize for how naive this sounds. And, first, let me say that I recognize there's some risk, etc.

Here's an example: I'd like to be able to trade on US Treasuries interest rates. There's a chart with the symbol US10Y that is in various places, which is the rate implied by the US 10-year note. I think that CBOE has a security on this, but I can't figure out how to find it on the FIDO platform. I have found SPY, but seem to only see a single or a few strike prices that are hundreds of dollars away from the underlying's price. That I always do this on my phone instead of a big screen might be a problem.

I just saw an ad for hundreds of market-sector ETFs that Blackrock (not my favorite company) offers, but don't know how to find these or other sector-based options on the FIDO site.

(PS. As naive as this all sounds, I was a runner on the Merc's trading floor a couple of lifetimes ago. I actually watched a futures squeeze happen in real life in the meats pit.)

I want to buy some puts but in order to see the contract price I need to select the date, and then the strike price. If I want to see what the next strike price is, I have to click it twice. And if I want to see the price on the next date, again, several clicks. It's a lot of manual work if I want to see the option prices available.

It seems like there should be a grid view with the expiration date on one axis and the strike price on the other axis, so I can see all the options at once. Is there some way to do something like that?

Hoping this question falls in the group's guidelines. Apologies if it does not.

Anyone else missing all the greeks on options chains on fidelity? I see strike prices, bid/ask and last. Delta, Theta and anything else I set to be shown just show "--", no matter what ticker I plug in.

Anyone else have this issue? Any ideas? I have dumped cookies and refreshed cache.

The Fidelity positions view consistently shows a different price for options in the last price column vs the last price on the options chain.

It's pretty annoying since I now have to check multiple places before executing a trade. This also causes me to refresh more pages than I would when contemplating a trade.

I'm considering switching from Robinhood to Fidelity but want to familiarize myself with, options in particular, Active Trader Pro's interface before I fully commit. In the image below you'll see Greek data from SWN $5.00 C for 2/19.

1. Data comes from RH

2. Comes from ATP's Option Chain Window

3. Comes from right clicking on a specific strike price, 5 in this case, and clicking on "View Bid Analytics"

My question is, why is everything 100x higher in "View Bid Analytics" compared to the Option Chain Window? Why are the values slightly off? (Delta is .2761 compared to -30.4181, Gamma is .2976 compared to -29.9775)

Any help understanding this is highly appreciated. Thank you!

Is there a way to add underlying stock current value on Fidelity position page? In the "last price" column we see option price. It will be good to also see how the underlying stock moving. Is it possible and how to do that on position page? Otherwise which view on fidelity can show me all these values in one screen/view?

I've had a lot of retards lately ask me how I pick the expiration date and strikes on my option plays. It's a stupid question... but valid if you're new to the game. I aim to help the less fortunate and spread knowledge to those who lack it. I don't consider myself a genius, but I'm pretty damn smart and I have pieces of paper that prove it.

Today I want to write up a quick guide on how to read an option chain. It really isn't hard, but if you have never seen one before it might be intimidating.

I'm going to showcase the $SPY option chain at today's close first:

1. This is the current price that the stock ($SPY) is trading at. If you didn't already know this or couldn't tell from context clues you're autistic.

2. This column shows all of the call option contracts for a certain date.

3. This column shows all of the put option contracts for a certain date.

4. For just a moment, only look at the call column (#2). Notice how there are gray boxes and black boxes and how they meet in the middle at the current price. Gray represents contracts with strikes that are below the current price of the stock. Black represents contracts with strikes that are below.

5. This is the date the option contract expires. These options expire on that date (7/31/2020) at market close.

6. Again we are only looking at the call column (#2). Look near the top and you will see this is the ask. This is essentially what the market makers are pricing the implied upside move of the stock at. Bear with me...

At market close on 7/1/2020, the $SPY 7/31 310c - this is a monthly call that is closest to the current price of the stock (yes, I know 311 is actually closer) - is pricing a move of $8.57 dollars on the upside. But wait! The current price of the stock is $310.52, so 310.52 - 310 = .52, take that off the upside move... The market makers are pricing in a move of $8.05 on the upside by 7/31/2020.

Easy enough, right?

On the left of the ask column you see the bid, chg, and last columns. These are pretty self explanatory. Bid is the next price that buyers are willing to pay for the contract. Chg (change) is the daily dollar change per contract. You might also see % change which is quite nice. Last is the last price that a contract sold at.

A wide bid-ask spread means a contract is having trouble being priced. Usually this is accompanied with low volume on the contract. Sometimes it just means big news/volatility hit the stock and the price is moving so fast that options pricing can't keep up and bid-ask spreads get wider.

On the right of #6 you see the volume and open interest on each contract. Volume is how many contracts have actually sold on a given day and open interest is the amount of outstanding contracts that have not settled.

7) We can see the market sentiment towards the stock at any given time. Right now the option chain is a little bearish on $SPY for both volume and open interest. This is measured based off of the call/put ratio (look it up). This is a nice indicator of where a stock might go directionally.

-

There's a lot more I can talk about, but I just wanted to get into the basics. Next, I'm going to pull up a company with earnings and I'm going to run through the pricing again, but it will be a real play of what price market makers are implying a stock could move to post earnings release.

Disclosure: I do not have any positions in $PEP and I could care less if it goes up or down. I'm not going to number this picture because I'm lazy and I shouldn't need to...

Earnings release is on 7/13, the next expiry is 7/17 so I chose that one. The current price is 132.36 so let's look at the 132c. The ask on that contract is $3.05 so the implied move is $2.69 on the upside.

If you're bullish on $PEP you might buy the 7/17 135c. If you're bearish on $PEP you might buy the 7/17 130p. I have a higher risk appetite so I usually pick further OTM contracts, but it's all situational.

-

Before you go out there and buy $SPY or $PEP options, you need to learn the basics of trading and the basics of an option (if you haven't already). Learn about volume, momentum, fundamentals, technicals, the greeks, etc... Or don't and blindly throw your money away at the Robinhood casino.

I'm not going to go into the things I mentioned in the previous paragraph because there is already information out there everywhere. Pick up a book. Surf the web. Ask your friend with a job in finance. Ask your friend that gambles money on the stock exchange. Ask your dad.

These are the basics and you will not go far just learning this. You need to supplement this with additional knowledge. I will not spoon feed you. Good luck.

Can you please make fidelity app easy to work with for options. Example: Robinhood app. I know fidelity focuses more on investment than doing options but there are lots of ways you can do options safely.