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Trading optionsโฆ We are going to be very basic in today's video.
So what is an option: An option is a contract giving the buyer the right, but not the obligation, to buy (in the case of a call) or sell (in the case of a put) the underlying asset at a specific price on or before a certain date.
Why trade options?
1. Hedge against a declining stock market to minimize losses.
2. Used to generate recurring income
3. Used for speculative purposes such as wagering on the direction of a stock
Now I am usually a long term investor and typically donโt speculate stocks.
Lets open the Fidelity app and take a look at how to trade options.
Intro 0:00
How To Turn On Beta Stock Trading App In Fidelity 2:00
How To Navigate To The Options Chain To Trade Options 2:50
Fidelity Options Chain Walk-Through 3:35
Robinhood Options vs Fidelity Options Trading 9:39
4 Ways To Trade Options 11:03
How To Sell Put Options (Cash Secured Puts) on Fidelity 12:48
How To Sell Call Options (Covered Calls) on Fidelity 16:15
How To Buy Call Options on Fidelity 18:24
How To Buy Put Options on Fidelity 19:17
Final Thoughts 20:10
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