BrokerSync-only with QuantWheel
Sync-only with QuantWheelFidelity review
QuantWheel
Sync-only with QuantWheel
Direct integration. QuantWheel reads your positions and trades at Fidelity and gives you personalized suggestions.
- Fee per contract
- $0.65 per contract
- to open a contract
- Exercise and assignment
- Free
- no fee per event
- Approval
- Naked
- up to naked short options
- Margin rate
- 10.63%
- on a $50,000 balance
- Countries
- US residents only
- from the broker's own pages
What you can trade
From the options agreement
- 0DTE
- Index options (SPX)
- Options on futures, not offered
- Spreads in an IRA
- Portfolio margin (Not published)
- Paper trading (Not published)
- 24/7 support
PlatformsWeb, Desktop, Mobile
Cost to open
Per-contract fee only
- One cash-secured put1 contract
- $0.65
- Ten-lot iron condor40 contracts
- $26
- Twenty covered calls20 contracts
- $13
- One turn of the wheelput assigned, call exercised, 2 contracts
- $1.30
Exchange fees and per-order minimums are extra where the fee schedule has them.
What Fidelity costs for the way you trade
A year of fees from Fidelity's published prices, checked 7 and 8 October 2026.
- Fidelity standard price$0.72 a trade, 0.6% of your premium
- $66 to $69 a year
- Among 21 brokers open to residents of the United StatesLowest is Firstrade at $3.67 a year, plus small regulatory fees it does not publish
- 8th
QuantWheel
Sync-only with QuantWheel
Direct integration. QuantWheel reads your positions and trades at Fidelity and gives you personalized suggestions.
Compare Fidelity with
Brokers that serve the same countries, compared fact by factFees explained
What each line of the fee schedule means for an options orderFidelity
$0.65 per contract, charged on each leg. A ten-lot iron condor is 40 contracts, so $26 to open, and the same again if you close it before expiry. Exchange fees and per-order minimums are extra where the fee schedule has them.
No fee per event. An assigned put or an exercised call costs nothing beyond the per-contract fee. Cost to open
The options agreement approves up to naked short options in a margin account. Spreads are allowed in an IRA. It does not publish whether portfolio margin is offered.
Not offered.
What changed at Fidelity
Every fee, term and policy we track, with the day it movedNo change recorded since the last check. A change to a fee or a rule appears here on the day we record it.
Questions people ask
Answered from the documents aboveFidelity
Yes, it is Sync-only. QuantWheel syncs the account's positions and trades and suggests trades and rolls. Connect Fidelity
$0.65 per contract, and no fee per exercise or assignment, from the fee schedule checked 8 October 2026. Exchange fees are extra. Compare fees across brokers
0DTE trading is allowed. Index options such as SPX are offered. The options agreement approves up to naked short options in a margin account. Brokers for 0DTE
US residents only, according to Fidelity's own pages. Check with Fidelity before you open an account. Brokers by country
Facts from Fidelity's own fee schedule and options agreement, checked 8 October 2026.