How to Trade Options on Fidelity Active Trader Pro

In today’s video we’ll learn how to buy and sell options on the fidelity active trader pro platform. We’ll go over several different examples of creating new options positions, closing open positions, and editing working orders to make sure you get the hang of it.
Timestamps
0:00 Intro
0:22 Option Trader Layout
1:53 Option Chain Explained
6:32 Long Call Option
10:35 Long Put Option
11:59 Short Put Option
12:57 Short Call Option / Covered Call
13:52 How to Close Option
16:14 Cancel Working Orders
16:49 Vertical Spreads
20:10 Iron Condor
Throughout this video we'll go through the process of buying and selling options within the active trader pro platform. This will be for both single leg calls and puts, vertical spreads, and iron condors. There are several different methods for creating various trades within Fidelity, but we'll cover everything you'll need to know to get started trading options with Fidelity.
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Disclaimer: Some of these links go to one of my websites and some are affiliate links where I'll earn a small commission if you make a purchase at no additional cost to you.

[@bradleyo2098]

Surprised you don't have more likes. Thank you for the clear and straightforward tutorial. Thumbs up....

[@NoMeWithoutYou1]

Absolutely wonderful presentation style. Straight to the point with a broadcast-quality voice. All the best with your channel!

[@barbaracoffee2847]

Very helpful video!! Thank you so much!!😀

[@lylesande1587]

Thank you very much for this very helpful and excellent educational video!

[@shortthestrike]

Thank you!

[@naomicoutinho8499]

Excellent!! Fantastic Tutorial!!

[@stephengibson4876]

Excellent presentation. Thank you.

[@chrisvokaty6045]

LOVE your channel and how you present information. Also, great voice and delivery. Very professionally produced and easy to listen to and understand

[@shortthestrike]

Thank you! Glad you're finding them helpful.

[@resdid805]

I agree! High quality all around!

[@MickeyNicolet]

EXTREMELY helpful - thank you for making this conent.

[@anilbharat4677]

Super Helpful man, thank you for shedding light on this. i appreciate it. Very detailed and insightful. Thank you!!!!

[@shortthestrike]

Thanks!

[@talldave7799]

Excelent Video! It would be great if you explained the rational beyond the vertical spread as to why someone would want to buy insurance! Same with Iron Condor.

[@squirrelmaster1225]

thank you for simplifying options trading. without a good guide as yourself, its a screen of confusion : )

[@renee2005]

Thanks for sharing 💯🥰

[@theripper791]

Great video! I especially liked the first five minutes about option trading. I traded on Scottrade for 15 years that had a similar layout. No BS I had a 300% year. The following year Scottrade was a quired by Ameritrade. Not to badmouth Ameritrade but for me it was a nightmare mostly due to my ability of understanding the technicalities of their platform. I consider myself more of a novice to advanced swing trader. Ameritrade is probably more helpful for the advance to expert day trader. Fidelity is the best online brokerage for beginner, novice, and advanced traders. Most online investors should not be trading above novice.

[@jleoarsenault6107]

Great video. Question can you set stop loss on a credit spread ??

[@frankdepena232]

great

[@Kauvon]

Thanks for a great video. It seems like Fidelity removed the options to add or remove column. No greeks info available for now..

[@scotthenderson4376]

Very good but how do you use the p/l or probability thing

[@chrisvokaty6045]

Question. If I buy an option, say SOFI June 10 $7.50 strike price for $.55, to set a stop loss do I go back in an create that order once the options purchase is made? Thanks for the assist! :)

[@GC-cl2hb]

Fidelity should use your videos for their training. Theirs are substandard.

[@ampiciline]

Great video and beautiful soothing tone of voice ! sir , i have just opened an account and i just applied for my option to be activated . my next step is to get Fidelity Active trader pro like yours .... How can i get that and is it free or i have to pay for it ? any video from past would be greatly appreciated .

[@yohanlavoi4813]

Is there any way to see max loss when you doing spreads ?

[@1yerdy]

What's the best way to keep track of how spreads are doing in Active Trader Pro? For example, I put on a vertical put spread and I want to keep track of when it reaches 50% or more of the credit received. It seems like it separates out the 2 legs unless you sort alphabetically. In addition, I don't see a way to track it unless you continuously do your own math. Thanks.

[@sidking1451]

How do you close an option spread without closing the legs separately?

[@suthamm]

Is it possible to create OCO exit for spread trading in Active Trader Pro?

[@philcollins5749]

OCO are available through Trade Armor. Its a little wonky IMO when compared to how you can attach them with brokers like IBKR

[@ramp2011]

How do you roll a spread? Say you have 15 / 10 RIVN Nov spread. How do I roll that to 15/10 Dec spread? Thank you

[@davidclothier6373]

Out of curiosity - you have over 100 videos for ToS but less than 10 for ATP. I'm trying to move away from ToS because the commissions are killing me. But based on video count, it seems like ToS may be the best option out there... thoughts? I mainly do intraday daytrading if that sways your answer at all.

[@aperson1122]

Can you show how to close the option? For now, I have to close every single leg and it's a pain specially for iron condor, butterfly.....

[@pen1208]

What level of options tier are you approved for? I can help with this answer. Been using Active trader pro for several years.

[@michaelsweeney4547]

I found out from a different tutorial that one contract is for 100 shares. That wasn't clear.

[@zackankilewitz8600]

When i pull it up i can't see the greeks how do i find them?

[@shrimpinpat]

I dont have that little window down there that you have. it keeps just opening the regular trade window that lacks all of that detail

[@shrimpinpat]

If anyone else has the same issue my "trade in chain" switch was off.

[@coapa_760]

no charts for options?

[@pen1208]

Just a heads up a "Good till Cancel order" has a 30 day expiration. It is not unlimited time.