Income Strategies powered by OptionsPlay^®

Frequently asked questions

• What is Income Strategies Powered by OptionsPlay^®?

  Income Strategies powered by OptionsPlay is an enrollment-based service integrated directly into your Fidelity trading experience to help you generate potential income through options trading.

• What are the benefits of enrolling in Income Strategies powered by OptionsPlay^®?

  Income Strategies powered by OptionsPlay will show you how much potential income you can yield based on your portfolio. You can choose a strategy using OptionsPlay's risk and probability indicators, and then place an order based on the risk profile that's right for you. You'll also see alerts when your open contracts are expiring, and receive the next set of opportunities so you can continue to potentially generate income.

• What kind of options strategies can I evaluate using Income Strategies powered by OptionsPlay^®?

  Income Strategies powered by OptionsPlay provides you with opportunities for both covered calls and short puts that are aligned to your approved options trading tier.

• How do I get started using Income Strategies powered by OptionsPlay^® to trade options?

  To get started using Income Strategies powered by OptionsPlay, enroll in the free 30-day trial. Once enrolled, simply log in to your Fidelity brokerage account and click the OptionsPlay tab. Choose covered calls or short puts to see your specific opportunities.

• How can I learn more about trading options to generate potential income with Income Strategies powered by OptionsPlay^®?

  Get started learning how to trade options to generate potential income with Income Strategies powered by OptionsPlay with the videos above. Once enrolled, you'll have access to additional resources to help improve your options trading knowledge and skill.

• Why does Income Strategies powered by OptionsPlay^® require enrollment?

  Income Strategies powered by OptionsPlay is a third-party, fee-based service from OptionsPlay.

• How does the Income Strategies powered by OptionsPlay^® free trial work?

  When you enroll in the Income Strategies powered by OptionsPlay 30-day free trial, you'll have access to all the features available based on your approved options trading tier. At the end of your free trial, you'll be prompted to provide a credit card number for payment, or select a card already on file. Following your full enrollment, your credit card will be automatically charged a monthly fee of $34.99 plus applicable tax.

• How do I enroll in Income Strategies powered by OptionsPlay^®?

  You can enroll in Income Strategies powered by OptionsPlay from the Fidelity website, or through your Fidelity account. Enrollment is available through a browser only at this time.

• How much does Income Strategies powered by OptionsPlay^® cost?

  At the end of your 30-day free trial of Income Strategies powered by OptionsPlay, you’ll be prompted to add or choose a payment method in order to continue using it. For a monthly fee of $34.99 plus applicable tax, you'll be able to continue to access the features of Income Strategies powered by OptionsPlay within your Fidelity trading experience. There are no additional account fees, trade commissions, or account minimums associated with Income Strategies powered by OptionsPlay.

• How is the Income Strategies powered by OptionsPlay^® enrollment fee charged?

  Your Income Strategies powered by OptionsPlay enrollment fee will be charged monthly to your selected payment method on your renewal date. The charge will appear on the statement as OptionsPlay.

• Do I need to open a new brokerage account to use Income Strategies powered by OptionsPlay^®?

  If you already have an options-eligible Fidelity account, you will not need to open another in order to enroll in or use Income Strategies powered by OptionsPlay, though you may choose to. If you are not already approved, you will need to apply to trade optionsLog In Required.

• How do I cancel my Income Strategies powered by OptionsPlay^® enrollment?

  Though we'll be sorry to see you lose access to the great opportunities you get with Income Strategies powered by OptionsPlay, you can cancel at any time using Enrollment Management. You will continue to have access until the end of your free trial or your billing period. Cancellation will have no impact on your outstanding orders or existing positions.

• How do I add or change my payment method?

  Update or change your payment method using Enrollment Management. Select: Manage enrollment -> Update payment method

• What if I have a Fidelity joint account and want to enroll in Income Strategies powered by OptionsPlay^®?

  If you have a joint brokerage account and want to enroll in Income Strategies powered by OptionsPlay, you can. Enrollment works at an individual level, so a non-enrolled accountholder will not be able to see or use Income Strategies powered by OptionsPlay.

• How does OptionsPlay^® select opportunities to show me?

  OptionsPlay automates the analysis of options pricing to identify opportunities for you from the options market. Each opportunity is shown in a way designed to help you easily evaluate the potential risk and gain, breakeven and probability. An opportunity for a security is only presented if it meets OptionsPlay's standard for price and probability.