Brokers with
Options brokers with options in an HSA
2 brokers allow options in an HSA for residents of the United States. The same facts for each: fees, approvals, countries.
Options in an HSA means you can trade options inside a health savings account held at the broker. Check which approval levels the broker allows in the HSA and any account fee on it. 2 brokers allow options in an HSA for residents of the United States.
At a glance: 2 brokers, 0 at $0 per contract, 2 with $0 exercise and assignment, 2 approving naked options, 2 working with QuantWheel; median fee $0.65 per contract, lowest margin rate at $50,000 10.63%.
| Broker | QuantWheel | Exercise | Approval | 0DTE | Margin | Offers | |
|---|---|---|---|---|---|---|---|
 Fidelity | Sync-only | $0.65 per contractBuy to close at $0.65 or less costs $0 | $0 | Naked | Yes | 10.63% | |
 Schwab | Sync-only | $0.65 per contractAdditional fees may apply | $0 | Naked | Yes | 10.63% |
The brokers one by one
What qualifies each for this page, from its fee schedule and options agreement, and the one fact that sets it apart.Fidelity$0.65 per contract · $0 exercise and assignment · naked
Fidelity opens options accounts for residents of the United States. It charges $0.65 per contract (Buy to close at $0.65 or less costs $0). Exercise and assignment cost $0. It approves up to naked short options. It trades on Web, Desktop, Mobile. QuantWheel syncs positions and trades from the account and suggests; you place the orders at the broker.
Options in an HSAThe Fidelity HSA allows options Tier 1, which covers writing covered calls and buying calls and puts, plus long straddles, strangles and combinations.
Schwab$0.65 per contract · $0 exercise and assignment · naked
Schwab opens options accounts for residents of the United States. It charges $0.65 per contract (Additional fees may apply). Exercise and assignment cost $0. It approves up to naked short options. It trades on Web, Desktop, Mobile, API. QuantWheel syncs positions and trades from the account and suggests; you place the orders at the broker.
Options in an HSAOptions are allowed through Schwab HSBA, a brokerage account inside an HSA from a provider that offers this option, and the April 2026 HSA pricing guide lists option commissions. The only published strategy list, from a December 2021 HSBA guide that is no longer online, limits options to covered calls, protective puts and cash-secured equity puts, and the HSA provider can restrict further.
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Every page in this folder lists the brokers that qualify, with the same facts.Questions people ask
Options in an HSA