A step-by-step beginner course: what options are, the wheel, the protected wheel, a real SPYM example, and exactly how to place the trades on Fidelity.
Prices are from the market close on Friday, Nov 6, 2026. Prices change every day.
All 10 lessons, the checklist, the Fidelity steps and a glossary. Large print.
Open the guide (PDF, 122 KB)Use a limit order. Know your worst loss: the gap between the strikes times 100, minus the credit. Press Preview and read it before you place it.
Education only, not personal financial advice. Options can lose money.