How to Roll Your Options Contracts with Fidelity!

In this video we are talking about how to roll your Options contracts with Fidelity. Specifically, how to sell options and then roll your contract to avoid option assignment and maximize capital appreciation. This works for BOTH selling covered calls and selling cash secured puts.

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This communication/content is for informational purposes only and is not intended as personalized investment advice, tax, accounting or legal advice, as an offer or solicitation of an offer to buy or sell, or as an endorsement of any company, security, fund, or other securities or non-securities offering. This communication should not be relied upon for purposes of transacting in securities or other investment vehicles.

#sellingoptions #coveredcalls #fidelity

[walterfumich]

I also primarily use Fidelity and you did an excellent job in describing how to roll using the platform.

[sixtdenied]

You are without a doubt my favorite YouTuber for teaching investment strategy. Outstanding videos. 🙏

[MN-hvmd]

Brilliant explanation and very clean cut examples, thank you!

[CarlDitrich]

Thanks, Joe. Still having great fun with Verizon and T-Mobile covered calls on a weekly basis. Becoming very familiar with this information.

[kentfaver]

Thanks Joe! I am still new to this process, but, thanks to you, it is becoming part of my weekly routine. I am now performing patch-up or triage CC's for some of my stocks in the red, and have really paid through the nose on some rolls recently - Best Buy as example. Thankful for the major run-up literally out of the blue for BBY, but some of those net debits can smart. Overall, it is still a net gain if the stock is moving upward strongly.

[SuperSuperSonny]

Hi Joe! Thank you for those great videos you provided to the public! I love them! I have a question about rolling the trade. Does it make any difference to close the trade and then open the new option trade? What the advantages of rolling? THX

[theworkinginvestor]

How do you initiate your covered call? How far out to you for for your long itm call? What delta? How do you sell short term options if it's below your cost basis? I have a leap call but need to wait until the market drifts up so I can sell covered calls against my long call ABOVE OR AT my cost basis. Not below. Just wanted to know your mechanics for the LEAPs thank you! I appreciate your content you put out.

[Laroux]

Thank you for explaining this! I need to get out of my very first covered call for nvda ( change my mind on being okay losing my shares lol) cost basis 126.. call for 148 on jan 31 2025.. what would you do?! Current price 144 ( was 136 when i got into the call) thanks for the amazing content!!

[babarock]

Excellent explanation. It is insanity to sell CC/CSPs without understanding how to Roll/BTC. As a side note, I try to NEVER sell below my basis. I may lose some upside but I will never lose real money. I'm very conservative and sleep we at night.

[industrialpalletworx]

Excellent walk through. Now my question is would it be easier to roll your position or let it expire worthless and run it again? Or is it really an either or situation.

[Cinefather]

Hey Joe, do you have margin enabled on your fidelity account?

[timb]

Hey Joe, there's a huge call option glaring at me and I just have to ask, what's going on with that June 2025 call?

[marksrink]

Can't wait to stack some money to do this...are there any 10, /20$ stocks to buy I can do this?? I'm only starting with 1500 ish for now