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5 steps to develop an options trading plan

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Trading
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If you are a beginner or an experienced options trader, here is a guide that can help you—regardless of your trading proficiency. Find links to strategies and powerful tools to discover your next step.

Step 1. Get Started The first step before executing an options trade is to learn what options are and how they can fit into your overall investing strategy.
Introduction to options Get familiar with the basics of options Discover our Options Strategy Guide	Open and fund an account Apply for options approval Attend an online learning event

Step 1. Get Started

The first step before executing an options trade is to learn what options are and how they can fit into your overall investing strategy.

Learn

Take action

Introduction to options

Get familiar with the basics of options

Discover our Options Strategy Guide

Open and fund an account

Apply for options approval

Attend an online learning event

Step 2. Generate Ideas With the knowledge of how options work, you can generate trading ideas that align with a specific options strategy.
Get familiar with Fidelity’s options research tools Research options Research stocks	Capture ideas using the Notebook Find ideas with the Argus Options Reports Discover options strategies

Step 2. Generate Ideas

With the knowledge of how options work, you can generate trading ideas that align with a specific options strategy.

Learn

Take action

Get familiar with Fidelity’s options research tools

Research options

Research stocks

Capture ideas using the Notebook

Find ideas with the Argus Options Reports

Discover options strategies

Step 3. Make a Plan Once you've identified a potential options trade, you should create a comprehensive strategy that includes having an entry and exit plan.
Build an options trading strategy Plan an entry and exit strategy	Decide how much to invest Refine your strategy using the Probability Calculator Model option strategies with the Profit & Loss Calculator