Originally Posted by
Jiggawatt
You can’t trade options in your 401K BrokerageLink.
You can double check me if you want... let me know if you see something different. In the NetBenefits app, select your brokeragelink account (this basically takes you to the webpage version, so you can just do this from the web if easier). One of the banner links on the top is “Investment Products.” Under that link, select “Options”. Select the orange button that says “Apply to trade options.” On that screen it says that my BrokerageLink account is ineligible for options. This checks with the list of eligible account types (401Ks are not listed as eligible).
you might be right, but after reading a thread on Chit Chat Investing Finance it seems there are quite a few pilots trading a “method” of covered calls and cash secured puts in their 401k. They said you need permission from Fidelity...that seems to be the hang up!
oops NM I just saw earlier posts answering the option questions.