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Online Options Trading

OPTIONS TRADING

Giving options traders the cutting edge.

Schwab Trading Services

Get the powerful tools of optionsXpress combined with the resources and support of Schwab.

Schwab Trading Services

Seek, validate, and execute your next big idea with amped-up options tools.

Schwab Trading Services

Put trade ideas into action with innovative options tools and resources.

Trade stocks, options, and ETFs—all from one screen. See it in action along with more of our powerful trading tools.

Schwab Trading Services

Get options tools and resources to help you search for your next smart trade.

See our powerful trading tools in action.

Schwab Trading Services

Get options tools and resources to help you search for your next smart trade.

See our powerful trading tools in action.

Schwab Trading Services

Schwab has combined the tools of optionsXpress with our own specialized support, expert insights, and proprietary and third-party research to offer a truly innovative trading experience. It all comes at an exceptional value at $4.95 per trade plus $0.65 per contract. See pricing details.

Schwab rated "Best in Class" for options trading by StockBrokers.com, 2017.

Get Started

Open a Schwab Trading Services account online.

Call us at 888-245-6864

Get Started

Open a Schwab Trading Services account online.

Call us at 877-865-5069
Monday–Friday, 9:00 a.m.–
5:00 p.m. PT

Get 500 commission-free online equity and options trades for two years.

Learn More

Power your options trading with our premier tools.

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    Idea hub

    Explore bullish, bearish, and
    neutral options trading ideas

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    Idea Hub

    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.

    Screenshot of Idea Hub Options Screener feature
  • +

    Trade & Probability Calculator

    Analyze trades before
    you make them

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    Trade & Probability 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.

    Screenshot of options charting feature
  • +

    All-In-One Trade Ticket

    Place multi-leg options
    trades

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    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.

    Screenshot of options trade ticket
  • +

    Walk Limit

    Save time and help
    improve order execution

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    Walk Limit

    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.

    Screenshot of Walk Limit options trading feature
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    Options Charting

    Research using
    interactive charts

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    Options Charting

    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.

    Screenshot of interactive options charts
  • +

    Options Chains

    Trade from the
    options chains

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    Options Chains

    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.

    Screenshot of option chain

Get a free interactive demo of our options tools and trading platforms

Explore these additional options trading tools and features.

  • Screenshot of Option Greeks

    Option Greeks

    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.

  • Screenshot of streaming option quotes

    Streaming Quotes

    Stay on top of options trading opportunities as they occur with dynamically updated stock and index prices that appear in real time.

  • Screenshot of conditional order options trading feature

    Contingent Orders

    Manage every aspect of your options trade—from entry to exit strategy—with contingent orders.

  • Screenshot of conditional order options trading feature

    Trailing Stops

    Help protect gains with trailing stops that can be set as percentages or dollar amounts.1

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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.

Traders learning about option education

Build your options trading knowledge.

Cultivate your skills and learn new ones 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.
Randy Frederick Managing Director of Trading and Derivatives

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.

  • Watch Randy Frederick's Schwab Market Snapshot video series each week for his thoughts on the past week and what to expect next.
  • Join Chartered Market Technician Lee Bohl in his weekly webinar series "Charting the Markets" as he shares his technical analysis perspective.