Options Trading - Fidelity

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Mutual Funds and Mutual Fund Investing - Fidelity Investments

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With the ability to leverage and hedge, options can help limit risk, while offering unlimited profit potential. Learn how to start trading options today.

Earn up to 500 commission free trades, good for 2 years, and access to Active Trader Pro^® when you fund a new or existing eligible account.*

Try OptionsPlay^® free for 45 days and get a powerful tool for finding investment opportunites that can help you generate potential income and gains.

* Sell orders are subject to an activity assessment fee (from $0.01 to $0.03 per $1,000 of principal). Trades are limited to online domestic equities and options and must be used within two years. Options trades are limited to 20 contracts per trade. Offer valid for new and existing Fidelity customers opening or adding net new assets to an eligible Fidelity IRA or brokerage account. Deposits of $50,000-$99,999 will receive 300 free trades, and deposits of $100,000 or more will receive 500 free trades. Account balance of $50,000 of net new assets must be maintained for at least nine months; otherwise, normal commission schedule rates may be retroactively applied to any free trade executions. See Fidelity.com/ATP500free for further details and full offer terms. Fidelity reserves the right to modify these terms and conditions or terminate this offer at any time. Other terms and conditions, or eligibility criteria may apply.

$4.95 commission applies to online U.S. equity trades in a Fidelity retail account only for Fidelity Brokerage Services LLC retail clients. Sell orders are subject to an activity assessment fee (from $0.01 to $0.03 per $1,000 of principal). Other conditions may apply. See Fidelity.com/commissions for details. Employee equity compensation transactions and accounts managed by advisors or intermediaries through Fidelity Clearing & Custody Solutions^® are subject to different commission schedules.

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.

There is an Options Regulatory Fee from $0.03 to $0.05 per contract, which applies to both option buy and sell transactions. The fee is subject to change.

1.

Based on data from IHS Markit for SEC Rule 605 eligible orders executed at Fidelity between April 1, 2018 and March 31, 20198. The comparison is based on an analysis of price statistics that include all SEC Rule 605 eligible market and marketable limit orders of 100-499 shares for the 100 share figure and 100–1,999 shares for the 1,000 share figure. For both the Fidelity and Industry savings per order figures used in the example, the figures are calculated by taking the average savings per share for the eligible trades within the respective order size range and multiplying each by either 100 or 1000, for consistency purposes. Fidelity's average retail order size for SEC Rule 605 eligible orders (100 -1,999 shares) and (100–9,999 shares) during this time period was 430 and 842 shares, respectively. The average retail order size for the Industry for the same shares ranges and time period was 228 and 333 shares, respectively. Price improvement examples are based on averages and any price improvement amounts related to your trades will depend on the particulars of your specific trade.

OptionsPlay^® and Fidelity Investments are independent entities and are not legally affiliated.

Images are for illustrative purposes only

Research is provided for informational purposes only, does not constitute advice or guidance, nor is it an endorsement or recommendation for any particular security or trading strategy. Research is provided by independent companies not affiliated with Fidelity. Please determine which security, product, or service is right for you based on your investment objectives, risk tolerance, and financial situation. Be sure to review your decisions periodically to make sure they are still consistent with your goals.

System availability and response times may be subject to market conditions.

Active Trader Pro^® is automatically made available to customers trading 36 times or more in a rolling 12-month period. If you do not meet the eligibility criteria, please contact Active Trader Services at 800-564-0211 to request access.

The third-party trademarks and service marks appearing herein are the property of their respective owners.

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	Fidelity	TD Ameritrade	E*Trade	Schwab
Base	$4.95 + $0.65 per contract	$6.95 + $0.75 per contract	$6.95 + $0.75 per contract	$4.95 + $0.65 per contract
10 Contracts	$11.45	$14.45	$14.45	$11.45
20 Contracts	$17.95	$21.95	$21.95	$17.95
Buy to Close 10 Contracts at $0.10	FREE	$14.45	FREE	$11.45

Base
TD Ameritrade	$6.95*
E*Trade	$6.95*
Schwab	$4.95*
Fidelity	$4.95*

10 Contracts
TD Ameritrade	$14.45
E*Trade	$14.45
Schwab	$11.45
Fidelity	$11.45

20 Contracts
TD Ameritrade	$21.95
E*Trade	$21.95
Schwab	$17.95
Fidelity	$17.95

Buy To Close 10 Contracts at $0.10
TD Ameritrade	$14.45
E*Trade	FREE
Schwab	$11.45
Fidelity	FREE

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