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The fee is subject to change. Other conditions may apply. The subject line of the e-mail you send will be "Fidelity. An option is a contract between a buyer and a seller. When you sell an option, you are obligated to buy or sell the underlying security if the buyer exercises his or her option. The options trades allowed for each of forex conto demo five options trading levels: You may want to start with our introduction to options video. People who write covered calls or engage in other short options trades might like that Fidelity waives or significantly reduces the cost to buy to close short options positions where there is little remaining upside. If the option isn't exercised or assigned by the expiration date, the contract expires. The amounts can vary based on the specific trade, however. Search Learning Center Charts, screenshots, company stock symbols and examples contained in this module are for illustrative purposes only. There are different ways to trade options, resulting in various types of options strategies. Pick your outlook, strategy, expiration, and strike price to quickly build a trade, with educational details provided to support those newer to option trading. Send to Separate multiple e-mail addresses with commas Please enter a valid e-mail address Your E-Mail Address Please enter a valid e-mail address Message Optional Important legal information about the e-mail you will be sending.

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