Getting started: A weekly options class for beginners

Our trading professionals at the Trading Strategy Desk® will conduct a 4-week virtual classroom course with a small group of investors who are seeking to understand options trading.

Virtual classroom details

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This class will cover key concepts and practical application, including: what options are, common options strategies, and how to apply those strategies in your portfolio. There will be homework assigned after each session to help you apply your growing knowledge.

Each class will build on the prior week's class, so please plan on registering for and attending all 4 weeks.

These classes are designed for those investors who have an approved options agreement on file but haven't traded yet, or have traded options only once or twice.

October 2020

Session Date and time

Week 1: What are options?
In the first week, we will cover the basics—what are options as well as key terms and concepts you will need to know to trade options.

During this interactive session, you will be able to ask questions and we will show you the online tools to help you apply your knowledge.

Print and complete the homework assignment from Week 1 (PDF)

Monday, October 5, 2020
2:30 p.m. – 3:30 p.m. ET

Week 2: Options pricing and more
This week will continue to cover the basics including options pricing and exercise and assignment. We will continue to look at supporting tools provided by Fidelity. Our goal is not only to help you understand key concepts but also how to apply them.

Print and complete the homework assignment from Week 2 (PDF)

Monday, October 12, 2020
2:30 p.m. – 3:30 p.m. ET

Week 3: How to trade single leg options strategies
Now that you understand basic concepts, we are ready to look at simple strategies. You'll learn strategies that are commonly used for first-time options traders.

Print and complete the homework assignment from Week 3 (PDF)

Monday, October 19, 2020
2:30 p.m. – 3:30 p.m. ET

Week 4: Monitoring your options trades and exit strategy
What happens after placing your options trade? This week's class will focus on how to manage and monitor your trade. We will review different market scenarios and the importance of having an exit strategy.

Monday, October 26, 2020
2:30 p.m. – 3:30 p.m. ET

Presenter

Jacob Ellis Jacob Ellis began his career at Fidelity Investments in 2015. Until joining the Trading Strategy Desk®, he spent several years in our Active Trader Services function. Jacob earned a master of science finance degree from the University of Utah in 2019, and also serves in the U.S. Army Reserve Finance Corps. He is a Registered Securities Representative (Series 7/63), a Registered Options Principal (Series 4), and a General Securities Sales Supervisor (Series 10).


October 2020 (cont'd.)

Session Date and time

Week 1: What are options?
In the first week, we will cover the basics—what are options as well as key terms and concepts you will need to know to trade options.

During this interactive session, you will be able to ask questions and we will show you the online tools to help you apply your knowledge.

Print and complete the homework assignment from Week 1 (PDF)

Wednesday, October 7, 2020
2:30 p.m. – 3:30 p.m. ET

Week 2: Options pricing and more
This week will continue to cover the basics including options pricing and exercise and assignment. We will continue to look at supporting tools provided by Fidelity. Our goal is not only to help you understand key concepts but also how to apply them.

Print and complete the homework assignment from Week 2 (PDF)

Wednesday, October 14, 2020
2:30 p.m. – 3:30 p.m. ET

Week 3: How to trade single leg options strategies
Now that you understand basic concepts, we are ready to look at simple strategies. You'll learn strategies that are commonly used for first-time options traders.

Print and complete the homework assignment from Week 3 (PDF)

Wednesday, October 21, 2020
2:30 p.m. – 3:30 p.m. ET

Week 4: Monitoring your options trades and exit strategy
What happens after placing your options trade? This week's class will focus on how to manage and monitor your trade. We will review different market scenarios and the importance of having an exit strategy.

Wednesday, October 28, 2020
2:30 p.m. – 3:30 p.m. ET

Presenter

Brett Yoder, CMTBrett Yoder, CMT®, joined Fidelity in 2010 as a trader in our Service function. Since then he has held roles in our International Trading, Premium Service, and Active Trader Service functions. Brett joined the Trading Strategy Desk® in January of 2017. He currently holds the Series 7 & 63 licenses, and is a Registered Options Principal (Series 4).


November 2020

Session Date and time

Week 1: Introduction to options
In the first week, we will cover the basics — what are options as well as key terms and concepts you will need to know to trade options.

During this interactive session, you will be able to ask questions and we will show you the online tools to help you apply your knowledge.

Print and complete homework assignment (PDF) | Download slides (PDF)

Tuesday, November 3, 2020
2:30 p.m. – 3:30 p.m. ET

Week 2: Buying options
This week will focus on option buying strategies for capitalizing on bullish and bearish outlooks as well as for hedging. We will cover the risk and reward profile of buying strategies by analyzing the potential profit and loss charts and how you can place an option order.

Print and complete homework assignment (PDF) | Download slides (PDF)

Tuesday, November 10, 2020
2:30 p.m. – 3:30 p.m. ET

Week 3: Selling options
This session will cover the income generating strategies of selling covered calls and cash secured puts. We will review the important risk considerations of selling strategies as well as how to place these orders using Fidelity’s trading tools.

Print and complete homework assignment (PDF) | Download slides (PDF)

Tuesday, November 17, 2020
2:30 p.m. – 3:30 p.m. ET

Week 4: Options trade management
What happens after placing your options trade? This week's class will focus on how to manage and monitor your trade. We will review different market scenarios and the importance of having an exit strategy.

Download slides (PDF)

Tuesday, November 24, 2020
2:30 p.m. – 3:30 p.m. ET

Presenter

Konstantin Vrandopulo Konstantin Vrandopulo began his career with Fidelity in 2012. He spent time in our Active Trader Services function before joining Fidelity's Trading Strategy Desk®. Konstantin graduated from Valdosta State University with an M.B.A and a Bachelor's in Finance. He is currently a Registered Securities Representative (Series 7/63) and a Registered Options Principal (Series 4).


December 2020

Session Date and time

Week 1: Introduction to options
In the first week, we will cover the basics — what are options as well as key terms and concepts you will need to know to trade options.

During this interactive session, you will be able to ask questions and we will show you the online tools to help you apply your knowledge.

Print and complete homework assignment (PDF) | Download slides (PDF)

Tuesday, December 1, 2020
10:30 a.m. - 11:30 a.m. ET

Week 2: Buying options
This week will focus on option buying strategies for capitalizing on bullish and bearish outlooks as well as for hedging. We will cover the risk and reward profile of buying strategies by analyzing the potential profit and loss charts and how you can place an option order.

Print and complete homework assignment (PDF) | Download slides (PDF)

Tuesday, December 8, 2020
10:30 a.m. - 11:30 a.m. ET

Week 3: Selling options
This session will cover the income generating strategies of selling covered calls and cash secured puts. We will review the important risk considerations of selling strategies as well as how to place these orders using Fidelity’s trading tools.

Print and complete homework assignment (PDF) | Download slides (PDF)

Tuesday, December 15, 2020
10:30 a.m. - 11:30 a.m. ET

Week 4: Options trade management
What happens after placing your options trade? This week's class will focus on how to manage and monitor your trade. We will review different market scenarios and the importance of having an exit strategy.

Download slides (PDF)

Tuesday, December 22, 2020
10:30 a.m. - 11:30 a.m. ET

Presenter

Cale Bearden Cale Bearden has been with Fidelity Investments since September of 2013 and is currently a member of Fidelity's Trading Strategy Desk®. He is currently a Registered Securities Representative (Series 7/63) and a Registered Options Principal (Series 4). Prior to joining Fidelity, Cale graduated from Hardin-Simmons University with a Bachelor's degree in Finance.