Descriptive Transcript
Upbeat music plays throughout
Video intro plays
Narrator: Looking to close or roll out an options spread? With Schwab you can easily modify your spread positions based on your investment goals, whether that is closing your spread or rolling it to a different set of strike prices and expiration dates.
On screen text titled Modify your positions with two bullet points: •Close: Sell your positions, and •Roll: Choose new set of price positions and expiration dates
Narrator: To close an options spread, select the account that contains the spread from the Accounts Summary.
Schwab.com Accounts Summary page. Arrow selects an account
Narrator: Scroll down until you reach the Positions in the account. Look for the spread that you would like to close, then select Close positions.
Arrow moves down and selects the drop-down menu next to a spread leg and selects Close positions
Narrator: A modal will open with your chosen position selected. Select the option spread legs you would like to close and select Close selected.
A small modal window opens with the selected leg and the other leg of the spread. The arrow selects the checkbox for the second leg. Arrow selects Close selected button
Narrator: A pre-populated ticket will be displayed on the screen. Review the pricing information and the order type, then select Review Order.
On the pre-populated ticket, blue highlights call attention to the pricing information and order type. Then the Review Order button is selected
Narrator: Order messages or warnings may appear depending on your account and spread position, so read these carefully. Finally, review the order details, then select Place Order.
On the Order verification screen, the close order is summarized. A blue highlight calls attention to the warnings and messages section. A blue line highlights the Place Order button. A blue transition marks a new section of the video
Narrator: To roll an options spread, the process is very similar to closing one. While reviewing your positions, select Roll positions next to the spread position you would like to act on.
On the positions section, the arrow moves down and selects the drop-down menu next to a spread leg and selects Roll positions
Narrator: A modal will open with your chosen position selected. Select the option spread legs you would like to roll, then select Roll selected.
A small modal window opens with the selected leg and the other leg of the spread. The arrow selects the checkbox for the second leg. Arrow selects Roll selected button
Narrator: As before, a pre-populated ticket will display on the screen. Review the new expiration, strike price, pricing information, and order type, then select Review Order.
On the pre-populated ticket, blue highlights call attention to the expiration dates, the pricing information and order type. Then the Review Order button is selected
Narrator: Review any order messages or warnings that appear, then review the order details. When you're ready, select Place Order.
On the Order verification screen, the roll order is summarized. A blue highlight calls attention to the warnings and messages section. A blue line highlights the Place Order button.
Video outro plays