Frequently asked questions

To help you quickly find the answers you need, we've curated responses for the questions we hear most often.

• What is OptionsPlay^® Strategies?

  OptionsPlay Strategies is an intuitive, enrollment-based service, integrated directly into your Fidelity trading experience, that helps you evaluate and trade options with ease.

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

  When you enroll in the OptionsPlay Strategies 30-day free trial, you'll have access to all the available features 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. There are no additional account fees, trade commissions, or account minimums associated with OptionsPlay Strategies. You can enroll in OptionsPlay Strategies from here on the Fidelity website, or through your Fidelity account. Enrollment is available through a browser only at this time. Cancel any time using Enrollment ManagementLog In Required. Your cancellation will have no impact on your outstanding orders or existing positions.

• What kind of options strategies are available using OptionsPlay^® Strategies in my Fidelity account?

  OptionsPlay Strategies lets you choose options strategy opportunities aligned to your approved trading tier, including covered calls, short puts, long calls, long puts, bull call and bear put spreads, and bear call and bull put spreads.

• How do I get started using OptionsPlay^® Strategies to evaluate and trade options?

  To get started using OptionsPlay Strategies, enroll in the free 30-day trial. Once enrolled, simply log in to your Fidelity brokerage account and click the OptionsPlay tab. Choose a strategy type to see specific opportunities.

• Why does OptionsPlay^® Strategies require enrollment?

  OptionsPlay Strategies is a third-party, fee-based service from OptionsPlay that has been integrated into your Fidelity trading experience to enhance your options trading experience.

• How can I learn more about how to evaluate and trade options with OptionsPlay^® Strategies?

  Get started learning how to trade options using OptionsPlay Strategies in your Fidelity account by playing the videos above. Once enrolled, you'll have access to additional resources to help improve your options trading knowledge and skill.

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

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

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

  OptionsPlay automates the analysis of complex 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.