Are you wondering if your CSP or cash-secured put is eligible to earn interest on Fidelity?
Many Redditors have shared their success stories about selling cash-secured puts to earn additional income (premium) while also making money on the interest from the cash being held in their SPAXX core position.
In this blog post, I’ll give you the confirmation that you need before switching to Fidelity Investments.
Can You Earn Interest While Selling CSP on Fidelity
Here comes the exciting part – watching your collateral for a CSP accumulate interest.
As a cash account holder, your cash-secured put reserve will continue to earn interest from your SPAXX core position. This is where the magic happens!
Remember, while your cash is set aside for the cash-secured put, it’s earning interest, but it’s also temporarily unavailable for trading.
Exercise patience, and don’t be tempted to dip into these funds while the contract is open.
With that being said, you’re well on your way to maximizing your returns with cash-secured puts on Fidelity.