Using the probability calculator

Fidelity's Probability Calculator may help determine the likelihood of an underlying index or equity trading above, below, or between certain price targets on a specified date. Watch this video to learn how to use the calculator and view information that may be used to refine your stock or option strategy.

Develop an options trading plan in 5 steps

Whether you're a beginner or an experienced options trader, this guide can help.

More to explore

Options Strategy Guide

Get explanations on each strategy, max profit, max risk, profit/loss diagrams, and much more.
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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 OptionsOpens in a new window. 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.

Any screenshots, charts, or company trading symbols mentioned, are provided for illustrative purposes only and should not be considered an offer to sell, a solicitation of an offer to buy, or a recommendation for the security.
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