Online Options Trading
Giving options traders the cutting edge.
search for your next smart trade.
search for your next smart trade.
execute your next big idea with amped-up options tools.
Trade options with innovative tools, specialized support, expert commentary, and robust education specifically for options trading.
Options traders deserve the best tools and resources available. That’s why Schwab is constantly working to stay at the forefront of trading technology. By leveraging the powerful tools of optionsXpress — an options specialist that has been part of the Charles Schwab Corporation since 2011 — we now provide options traders with our most innovative experience ever. From finding and analyzing ideas, to placing simple or multi-leg trades, our powerful trading platforms combine flexibility and simplicity to help support your options trading.
Power your options trading with Schwab’s premier tools.
Explore bullish, bearish, and
neutral options trading ideas
Quickly generate trade ideas based on specific goals and screening criteria, updated throughout the trading day. Whether you’re bullish, bearish, or neutral, Idea Hub canvases the market for ideas based on volatility, earnings, and income-based strategies.
Analyze trades before
you make them
Trade & Probability Options Calculator
Gauge the potential investment risk and reward of an order before placing the trade with this sophisticated options calculator. You can also see how changes in volatility, moves in the underlying stock price, and other pricing factors could affect your trade value over time.
Place multi-leg options
3- and 4-Leg Capabilities
Quickly react to market conditions by buying or selling up to four different options simultaneously with the All-In-One Trade Ticket. In addition to stocks and ETFs, this powerfully flexible order entry tool allows you to trade the following options order types: rollouts, write/unwind, collars, straddles, spreads, butterflies, condors, iron butterflies, iron condors, box spreads, combo, and customs.
Save time and help
improve order execution
Eliminate the time-consuming process of manually modifying limit orders when trying to get the most favorable fill price between the bid and the ask. Walk Limit automatically adjusts the limit price for single- and multi-leg options orders to try to obtain a favorable execution price within the bid/ask spread.
Identify trends and analyze potential options trades with advanced charting tools. Add implied and historical volatility as studies to the underlying chart to discover when option prices may be under- or overpriced relative to history.
Trade from the
View options chains with real-time quotes for each leg of virtually every option strategy. You can also determine an option’s intrinsic and time value, build complex spreads, add Greeks and implied volatility, and proceed to quote detail or the trade ticket in just one click.
Explore these additional options trading tools and features.
Measure factors that influence the price of an option—including time decay, implied volatility, and more—with Greeks calculated using a theoretical option pricing model and built directly into the options chain.
Stay on top of options trading opportunities as they occur with dynamically updated stock and index prices that appear in real time.
Manage every aspect of your options trade—from entry to exit strategy—with contingent orders.
Help protect gains with trailing stops that can be set as percentages or dollar amounts.1
Speak with experienced options trading specialists who can really talk options.
All of our options specialists are dedicated to using their advanced, in-depth knowledge of equity and derivatives trading to help you succeed.
Options specialists are available to help 8:30am — 5pm ET, Monday — Friday.
Build your options trading knowledge.
Cultivate your skills with options education designed for traders of any experience level.
- Progress through the self-directed Learning Center with specialized paths for key options trading concepts and strategies, and how to trade options using our tools and platforms.
- Receive options education in a group setting through in-branch workshops, virtual events, and live webinars.
- Access an online forum exclusively for Schwab traders. Exchange trading ideas, tactics, and platform tips with over 10,000 traders.
Stay on top of your options trading with expert market commentary and insights.
Get inside the minds of our experts as they share their thoughts on recent market activity.
Schwab Trading Services provides options traders with specialized resources and exceptional value with option pricing of $4.95 per trade plus $0.65 per contract.
Options carry a high level of risk and are not suitable for all investors. Certain requirements must be met to trade options through Schwab. Covered calls provide downside protection only to the extent of the premium received and limit upside potential to the strike price plus premium received. With long options, investors may lose 100% of funds invested. Multiple-leg options strategies will involve multiple commissions. Spread trading must be done in a margin account. Please read the Options Disclosure Document titled Characteristics and Risks of Standardized Options.
1. Available with StreetSmart Edge. There is no guarantee that execution of a stop or trailing stop order will be at or near the stop price.
Schwab Trading Services 500 Commission-Free Trades Promotion
Terms and Conditions
With a qualifying net deposit of $100,000, earn 500 commission-free online trades.
Offer valid for individuals who make a qualifying net deposit into a Charles Schwab & Co. Inc. (“Schwab”) retail brokerage account within 45 days of enrollment in the offer. Net deposits are assets deposited into the enrolled account minus assets withdrawn from the account and transferred out of Schwab. Only assets new to Schwab qualify; assets transferred from affiliates other than Schwab Retirement Plan Services, Inc. and Schwab Retirement Plan Services Company are excluded. The trades will be credited to the enrolled account within approximately one week of confirmation of your qualifying net deposit. Trades apply only to base equity, exchange-traded fund (ETF), and options commissions and options per-contract fees up to 20 contracts per trade (standard per-contract fees apply for additional contracts). Foreign transaction, exchange, and regulatory fees still apply. Only trades placed through Schwab.com, Schwab trading platforms, and Schwab Wireless are eligible. Trades will expire 730 days after being credited to your account and will not be applied to previously executed trades. No credit will be given for unexecuted trades.
Schwab reserves the right to change the offer terms or terminate the offer at any time without notice. This offer is limited to one per account, with no more than one account enrolled per client. No more than 500 trades per client may be received pursuant to all promotional offers in any 12-month period. This offer does not apply to brokerage accounts managed by independent investment advisors or enrolled in an advisory service, the Schwab Global Account™, ERISA-covered retirement plans, certain tax-qualified retirement plans and accounts, or education savings accounts. This offer is not transferable, saleable, or valid in conjunction with any other offer and is available to U.S. residents only. Employees, contractors, or persons similarly associated with Schwab or a Schwab affiliate; or their spouses; and employees of any securities regulatory organization or exchange are not eligible. Other restrictions may apply. Recent IRS guidance may impact your ability to make more than one IRA to IRA rollover in a one-year period. Any taxes related to the offer are your responsibility.
Investing involves risks, including loss of principal. Hedging and protective strategies generally involve additional costs and do not assure a profit or guarantee against loss.
Commissions, taxes and transaction costs are not included in this discussion, but can affect final outcome and should be considered. Please contact a tax advisor for the tax implications involved in these strategies.
Charles Schwab & Co., Inc. (Member SIPC) ("Schwab") and optionsXpress, Inc. (Member SIPC) ("optionsXpress") are separate but affiliated companies and subsidiaries of The Charles Schwab Corporation.
Symbols and price and volume data shown here are for illustrative purposes only, and do not constitute a recommendation by Schwab to buy or sell a particular security.
Schwab does not recommend the use of technical analysis as a sole means of investment research.
System availability and response times are subject to market conditions and mobile connection limitations.
Idea Hub offers self-directed investors the ability to explore new trading ideas for options that are determined based on pre-set screening criteria. Please note that Idea Hub does not consider open orders, existing positions, or other factors, and is solely intended for educational and informational purposes. The examples within the Idea Hub are not intended as recommendations to buy, sell or hold any particular security nor implement any particular strategy. Users of the Idea Hub should not make investment decisions based solely upon the ideas generated by this tool. You are solely responsible for your investment decisions, and should carefully evaluate the examples to help determine whether or not they are right for you based on your own personal situation. The use of this tool does not constitute an investment recommendation by Schwab, and should also note be considered financial, legal or tax advice. Where specific advice is necessary or appropriate, Schwab recommends consultation with a qualified tax advisor, CPA, financial planner, or investment manager.
The projects or other information generated by Idea Hub regarding the likelihood of various investment outcomes at expiration are hypothetical in nature, do not reflect actual investment results and are not guarantees of future results. The above calculations do not take into consideration all costs, such as commissions, taxes and margin interest which may impact the results shown and users of Idea Hub should not make investment decisions based solely upon values generated by it. Please contact a tax advisor for the tax implications involved in these strategies.
The illustration depicts the Potential Profit or Loss of one contract at expiration. Values below zero represent a loss.
The Trade & Probability Calculator provides calculations that are hypothetical in nature and do not reflect actual investment results, or guarantee future results. The calculations do not consider commissions or other costs, and do not consider other positions in your account(s) for which this specific trade is taking place. Rather, these values are based solely on the individual contract or pair of contracts in this specific trade. In addition, the calculations do not consider the specific date of dividend, early assignment, and other risks associated with option trading. Options which expire before the estimated dates have calculated values based on underlying prices as of the estimated dates, as if option is expiring on the estimated date. Investment decisions should not be made based solely upon values generated by the Trade & Probability Calculator.
In addition, the calculations incorporate annualized dividend yields and do not consider ex-dividend dates, early assignment, and other risks associated with option trading. If an option expires before the estimated date, it is treated as though it expires on the estimated date. Investment decisions should not be made based solely upon values generated by the Trade Calculator.
The All-in-One Trade Ticket® is available on Schwab.com and StreetSmart Edge®. All-in-One Trade Ticket is a registered trademark of optionsXpress Holdings, Inc., and is used here with permission.
In order to trade 3- and 4-leg options on StreetSmart Edge you must be a Schwab Trading Services client and have level 2 or 3 to trade advanced options strategies at Schwab. Call 800-435-9050 for more information about your account's eligibility or to request access.
Third-party news providers are not affiliated with Schwab. The information is presented as a service to Schwab clients, and Schwab makes no judgment or warranty with respect to accuracy, timeliness, completeness, or suitability of information. It is presented for general informational purposes only and should not be considered an individualized recommendation or personalized investment advice. Past performance is no guarantee of future results.
There is no guarantee that execution of a stop order will be at or near the stop price.
Schwab does not recommend the use of technical analysis as a sole means of investment research.
Schwab Trading Services™ includes access to StreetSmart® trading platforms, the Schwab Trading Community, and Schwab trading specialists (a Schwab brokerage account is required). There are no fees to use Schwab Trading Services. Other account fees, optional data fees, fund expenses, and brokerage commissions may apply. Schwab reserves the right to restrict or modify access at any time. Schwab brokerage account online applications that have the “Schwab Trading Services” box checked will automatically be enrolled. For questions, call 888-245-6864 to speak to a Schwab Trading Services representative.
Information about third-party ratings
Credit Notice: From Investor's Business Daily, January 22, 2016, ©2016 Investor's Business Daily, Inc. All rights reserved. Used by permission and protected by the Copyright Laws of the United States. The printing, copying, redistribution, or retransmission of this Content without express written permission is prohibited. Results based on an Investor's Business Daily ("IBD") and TechnoMetrica survey of 9,242 visitors to the IBD website between August and November 2015. Those individuals were asked to name and rate their primary online broker. Limiting data analysis to only those firms that were cited by 125 or more participants, eleven online brokers were ranked based on Customer Experience Index scores for twelve separate attributes. For further information on how the ratings were calculated, see IBD's Criteria and Methodology.