Among the options you listed, long term put option on QQQ appears to be the best fit for your objectives. Fidelity charges $7.95 per trade plus $0.75 per contr

Among the options you listed, long term put option on QQQ appears to be the best fit for your objectives. Fidelity charges $7.95 per trade plus $0.75 per contract. More info on fees at https://www.fidelity.com/trading/commissions-margin-rates https://www.fidelity.com/trading/commissions-margin-rates. When you first start Option trading, you will likely need to call to get approval from the brokerage for options trading. Most brokerages will also provide you an Option Risk guide similar to this http://www.optionsclearing.com/about/publications/character-risks.jsp http://www.optionsclearing.com/about/publications/character-.... If you are new to Options, I will suggest doing some research and reading online to familiarize yourself. If you are further interested in learning theory and mathematics of Options, a good introductory text is "Options, Futures, and Other Derivatives" by John Hull http://www.amazon.com/Options-Futures-Other-Derivatives-9th/dp/0133456315 http://www.amazon.com/Options-Futures-Other-Derivatives-9th/...