Getting started: A weekly options class for beginners

Virtual classroom details

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.

November 2023

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)

Monday, November 6, 2023
12:00 - 1:00 p.m. EST

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)

Monday, November 13, 2023
12:00 - 1:00 p.m. EST

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)

Monday, November 20, 2023
12:00 - 1:00 p.m. EST

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)

Monday, November 27, 2023
12:00 - 1:00 p.m. EST

Presenter

Albert Marquez, CFP®

Albert Marquez, CFP® began his career at Fidelity in 2021. At Fidelity, Albert has held various roles within the Active Trader organization, including the service team, and more recently the Trading Strategy Desk®. Prior to joining Fidelity, Albert spent many years on the trading floors of Chicago, as an option trader and a broker. Albert earned his bachelor’s degree in Business Management from DePaul University. He is currently a Certified Financial Planner (CFP®) and Registered Securities Representative (Series 7/63).

December 2023

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)

Wednesday, December 6, 2023
10:30 - 11:30 a.m. EST

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)

Wednesday, December 13, 2023
10:30 - 11:30 a.m. EST

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)

Wednesday, December 20, 2023
10:30 - 11:30 a.m. EST

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)

Wednesday, December 27, 2023
10:30 - 11:30 a.m. EST

James Savage

James Savage began his career with Fidelity in 2014 as a trader in our Service function. Since then he has held roles in our Premium Service and Active Trader Service functions. James joined the Trading Strategy Desk ®  in October of 2019. He currently holds the Series 7 & 63 licenses, and is a Registered Options Principal (Series 4).

Options trading entails significant risk and is not appropriate for all investors. Certain complex options strategies carry additional risk. Before trading options, please read Characteristics and Risks of Standardized Options. Supporting documentation for any claims, if applicable, will be furnished upon request.

There are additional costs associated with option strategies that call for multiple purchases and sales of options, such as spreads, straddles, and collars, as compared with a single option trade.

Fidelity Brokerage Services LLC, Member NYSE, SIPC, 900 Salem Street, Smithfield, RI 02917

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