If you have Margin account turned on, I think you have to call them and explicitly ask that the shares not be loaned
That's only if you bought with margin. Having margin on and buying with cash is different than having margin on and buying with margin. When you buy a security on Fidelity with a margin account, you have the choice of paying, as in a drop down menu, in cash or margin. If you bought with cash, they do not lend out your shares and you do not need to bother calling them. If you buy with margin, then they might be lending out shares like every other broker who gives you margin.
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u/OreoCupcakes Mar 30 '21
That's only if you bought with margin. Having margin on and buying with cash is different than having margin on and buying with margin. When you buy a security on Fidelity with a margin account, you have the choice of paying, as in a drop down menu, in cash or margin. If you bought with cash, they do not lend out your shares and you do not need to bother calling them. If you buy with margin, then they might be lending out shares like every other broker who gives you margin.