5 steps to develop an options trading plan

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Regardless of where you start, we’ve compiled key resources for you within each step. Start by building your knowledge, discover our powerful tools and clearly know your next action.

OptionsRoadmap_Step1_sm Step 1. Get Started

Congratulations – you’ve decided to explore trading options.

Knowledge Tools Actions

Get familiar with the basics of options

Explore Fidelity.com account pages

Open and fund an account 

Apply for options approval

Attend an online learning event

OptionsRoadmap_Step2_sm Step 2. Generate Ideas

Take advantage of research tools to generate trading ideas that fit your investment goals.

Knowledge Tools Actions

Dive into the Options Strategy Guide

Get familiar with Fidelity’s options research tools

Find ideas with the S&P Options Reports

Dig deeper into the Market Scanner

Pick a strategy that aligns with your goals

Capture ideas using the Notebook

OptionsRoadmap_Step3_sm Step 3. Make a Plan

There are a number of considerations before you place that first trade.

Knowledge Tools Actions

Learn how a plan can help make trading decisions

Refine your strategy using the Probability Calculator

Model option strategies with the Profit & Loss Calculator

Locate option prices

Decide how much to invest

Pick the right strike price

OptionsRoadmap_Step4_sm Step 4. Place the Trade

Now it’s time to place a trade – you have some important decisions to make before you begin the order entry process.

Knowledge Tools Actions

Recognize psychological challenges of trading

Plan an entry and exit strategy

Learn how to use the options trade ticket

Know what you’re being charged

Choose the most appropriate order type

OptionsRoadmap_Step5_sm Step 5. Monitor Post-Trade

Well done, you’ve placed a trade! There are many tools to help you manage and monitor your positions, orders and activity.

Knowledge Tools Actions
Avoid these 7 options trading mistakes

Evaluate your open positions

Track your account activity

Set alertsLog In Required

Manage your watch lists

Ready to take your trading to the next level? Explore Active Trader Pro®!

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