Descriptive Transcript
Upbeat music plays throughout
Video intro plays
Narrator: Looking to quickly close or roll out multi-leg option positions? With Schwab mobile you can easily modify your multi-leg option positions based on your investment goals, whether that is closing it or rolling it to a different set of strike prices and expiration dates, all from the positions page. Please note that open orders may be filled in whole or in part, while you are attempting to modify or cancel them.
Narrator: To close a multi-leg option position, log in and tap the account that contains the position you would like to close from the Accounts screen.
An iPhone with the Schwab mobile app shows the Account Summary page. An account is tapped and the Positions tab is displayed.
Narrator: From the Positions tab, look for the option that you would like to close, tap and hold on the position until the action menu appears, then tap Close Position.
Two options positions are shown and one of them is tapped and held. Menu appears with the options to Close Position, Buy More, and Roll Position. Close Position is tapped.
Narrator: On the Close Position Screen, tap any other option positions you would like to close, then tap Continue.
A Close Position screen is shown with both options positions with check boxes nest to each, and the second position is tapped so that both are selected, then Continue is tapped.
Narrator: A pre-populated ticket will be displayed. Review the pricing information and the order type, then tap Review Order. Order messages or warnings may appear depending on your account and order, so read these carefully. Finally, review the order details, then tap Place Order.
A trade ticket is displayed showing the terms of closing both positions. The screen is scrolled, and the Review Order button is tapped. An order summary screen is displayed, and the Place Order button is highlighted by a blue box.
Narrator: The process to roll a multi-leg position is very similar to closing.
Narrator: From the Positions tab, look for the option that you would like to roll, tap and hold on the position until the action menu appears, then tap Roll Position.
Two options positions are shown and one of them is tapped and held. Menu appears with the options to Close Position, Buy More, and Roll Position. Roll Position is tapped.
Narrator: On the Roll Positions Screen, tap any other option positions you would like to roll and tap Continue.
A Roll Position screen is shown with both options positions with check boxes nest to each, and the second position is tapped so that both are selected, then Continue is tapped.
Narrator: A pre-populated ticket will be displayed. Review the pricing information and expiration dates, then tap Review Order. Order messages or warnings may appear depending on your account and order, so read these carefully. Finally, review the order details, then tap Place Order.
A trade ticket is displayed showing the terms of rolling both positions. The screen is scrolled, and the Review Order button is tapped. An order summary screen is displayed, and the Place Order button is highlighted by a blue box.
Video outro plays