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Options Application (PDF) Questions? Go to Fidelity.com/options. Options Application Use this application to apply to add options trading to your new or existing Fidelity account. If you already have options trading on your account, use this application to add or update account owner or authorized agent information. Please complete in CAPITAL letters using black ink. If you need more room for information or signatures, make a copy of the relevant page. Helpful to Know Requirements – Margin can involve significant cost and risk and is not • Entire form must be completed in order to be considered appropriate for all investors. Account owners must for Options. If you are unsure if a particular section pertains determine whether margin is consistent with their investment to you, please call a Fidelity investment professional at objectives, income, assets, experience, and risk tolerance. 800-343-3548. No investment or use of margin is guaranteed to achieve any • All account owners must complete the account owner sections particular objective. and sign Section 5. – Margin will not be granted if we determine that you reside • Any authorized agent must complete Section 6 and sign outside of the United States. Section 7. – Important documents related to your margin account include • Trust accounts must provide trustee information where the “Margin Agreement” found in the Important Information information on account owners is required. about Margins Trading and Its Risks section of the Fidelity Options Agreement. Eligibility of Trading Strategies Instructions for Corporations and Entities Nonretirement accounts: • Unless options trading is specifically permitted in the corporate • Business accounts: Eligible for any Option Level. resolution you provided when you opened your account, you • Custodial (UGMA/UTMA) accounts: Eligible for writing covered need to provide a new resolution containing options trading call on equity options. authorization. • Individual and joint accounts: Eligible for any Option Level. • In Section 2, you need to provide information about the entity • Health Savings Account (HSA): Option Levels 1 or 2. This and/or the authorized individual, as follows: includes covered call writing and purchase of calls and puts. – Name: both authorized individual and entity • Partnerships: Eligible for any Option Level. – Last Four Digits of SSN or Tax ID Number: entity • Trust accounts: Eligible for any Option Level. – Marital Status and Income Source/Employment: no Retirement accounts: answers needed • Fidelity IRAs: Option Levels 1 or 2. This includes covered call – Associations and Corporate Control Status: authorized writing, purchase of calls and puts, and equity/index spreads individual trading. Approval of spreads trading in Fidelity IRAs is conditioned – Investment Experience: authorized individual upon the approval of your account for Option Level 2. • If there is a second authorized individual on the account, please • Inherited IRA (BDA): Option Levels 1 or 2. This includes covered complete and submit additional copies of Sections 3 and 5. All call writing and purchase of calls and puts. authorized individuals must sign. • Investment-Only Retirement (formerly Nonprototype) Accounts: Eligible for any option level. Important to Understand • Keogh: Option Levels 1 or 2. This includes covered call writing • Except in Sections 6 and 7 of this application, “You,” “you,” and purchase of calls and puts. and “your” refers to all account holders. Each of the account • Roth IRA for Kids accounts: Eligible only for writing covered holders agrees that any account holder has authority to act on calls on equity options. behalf of this account. Applying for Margin • In this application, “Fidelity IRA” refers to a Fidelity IRA, a Fidelity IRA Rollover, a Fidelity SEP-IRA, a Fidelity Roth IRA, or Option Levels 3, 4, and 5 require margin to be set up on • a SIMPLE IRA. your account. If you apply for Option Levels 3, 4, or 5, you are also applying for margin to be added to your account. • In this application, “Fidelity,” “us,” and “we” includes Fidelity Brokerage Services LLC (FBS), Fidelity Distributors • If applying for margin, by signing this application, you Corporation, and National Financial Services LLC (NFS), as acknowledge that: well as their employees, agents, and representatives, as the – Trading on margin lets you borrow money using securities you context may require. already own as collateral to purchase additional securities, sell • In this application, the “Agreement” refers to the Fidelity securities short, protect your account from overdraft, or access Options Agreement. a convenient line of credit. Form continues on next page. 1.9898248.101 Page 1 of 7 004011101 1. Current Fidelity Account Please note: A separate options application is required for each account you wish to have options trading available. If you do not already Account Number have an account at New Account Number not yet assigned Fidelity, this form must be accompanied by a new account application. 2. Account Owner All information in Section 2 is required. Includes trustees. First Name Middle Name Last Name Date of Birth MM DD YYYY Trust or Entity Name If applicable Marital Status Single/Divorced/Widowed Married Number of Dependents Income Source Check one and Employed: Self-employed: provide all information. Occupation Employer Leave blank if self-employed. Industry regulations require us to ask for this information. Note Employer Address that if you are self- employed, occupation is still required. City State/Province ZIP/Postal Code Country Retired: Not employed: Source of Income Pension, investments, spouse, etc. Investment Experience Provide the number of Stocks Years Equity Years Index Years years trading each security. Options Options If none, enter “0.” Form continues on next page. 1.9898248.101 Page 2 of 7 004011102 3. Additional Account Owner All information is required for all owners. If there are additional owners, make a copy of this section. Note: Not for use by First Name Middle Name Last Name anyone with 3rd Party authorization (use Section 6). Date of Birth MM DD YYYY Trust or Entity Name If applicable Marital Status Single/Divorced/Widowed Married Number of Dependents Income Source Check one and Employed: Self-employed: provide all information. Occupation Employer Leave blank if self-employed. Industry regulations require us to ask for this information. Note Employer Address that if you are self- employed, occupation is still required. City State/Province ZIP/Postal Code Country Retired: Not employed: Source of Income Pension, investments, spouse, etc. Investment Experience Provide the number of Stocks Years Equity Years Index Years years trading each security. Options Options If none, enter “0.” 4. Objective and Trading Plans Investment Objective Check the objective that Lower Risk / Shorter Time Frame Higher Risk / Longer Time Frame most closely reflects your approach for this account. Short-term Conservative Balanced Growth Aggressive Most Industry regulations Growth Aggressive require us to ask for this Seek to pre- Seek to Seek the Seek growth information. serve capital minimize potential and can Seek aggressive Seek very and can accept fluctuations in for capital withstand growth and can aggressive the lowest market values appreciation significant tolerate wide growth and returns in by taking and some fluctuations in fluctuations in can tolerate exchange for an income- income and market values. market values, very wide price stability. oriented can withstand especially over fluctuations in approach with moderate the short term. market values, some potential fluctuations in especially over for capital market values. the short term. appreciation. Objective and Trading Plans continues on next page. 1.9898248.101 Page 3 of 7 004011103 4. Objective and Trading Plans, continued Trading Strategy Select the options strategy that best fits your investment strategy. To apply for Option Levels 2 or 3, your Investment Objective must be Growth or above. To apply for Option Levels 4 or 5, your Investment Objective must be Most Aggressive. Option Levels 3, 4, and 5 Non-Retirement Accounts and Investment-Only Retirement Accounts require you to also apply for margin. If you select Option Levels 3, 4, or 5, Le vel 1: Covered Le vel 2: Purchases Le vel 3: Equity Le vel 4: Le vel 5: you will be applying call writing on of calls and puts and index spreads, Uncovered Uncovered for both margin and equity options. (equity and index) covered put writing writing of equity writing of index option trading. and writing of (selling puts against options; Includes options; Includes cash covered puts; stock that is held all trading all trading If you select Levels 1 or 2 Includes all trading short); includes all capabilities under capabilities under and you would also like capabilities under trading capabilities Levels 1, 2, and 3. Levels 1, 2, 3, to apply for margin, check Level 1). under Levels 1 and 4. the “add margin” box. and 2. If you select Levels 1 or 2 and do not check the Add Margin Add Margin Option Levels 3, 4, and 5 require you to also apply for margin. “add margin” box, you If you select Option Levels 3, 4, or 5, you will be applying for will not apply for margin. both margin and option trading. If you are selecting Levels IRAs or HSAs 3, 4, or 5 for an Investment- Only Retirement Account, Le vel 1: Covered call writing Le vel 2: Purchases of calls and puts (equity and index) and writing of cash see the important on equity options. covered puts; includes all trading capabilities under Level 1. information in Section 5, Account Owner Signatures and Dates. Sp read Trading (available for IRAs only): Equity and index spreads as well as all trading capabilities under Levels 1 and 2 listed above. Spread Trading is not available to IRAs utilizing the FDIC-Insured Deposit Sweep as the core position. Accounts with FDIC-Insured Deposit Sweep as their current core position will only be eligible for approval up to Level 2; you must change your core position to be considered for Spread Trading.
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