Set Up thinkorswim® Desktop for Options Trading

August 28, 2023 Beginner
How to customize the thinkorswim® desktop platform especially for options—streamlining the option chain based on your trading style, setting up custom options screeners, and more.
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Content intended for educational/informational purposes only. Not investment advice, or a recommendation of any security, strategy, or account type.

Options carry a high level of risk and are not suitable for all investors. Certain requirements must be met to trade options through Schwab. Please read the options disclosure document titled "Characteristics and Risks of Standardized Options." Supporting documentation for any claims or statistical information is available upon request.

Supporting documentation for any claims, comparison, statistics, or other technical data will be supplied upon request.

Spreads, straddles, and other multiple-leg option strategies can entail additional transaction costs, including multiple contract fees, which may impact any potential return. These are advanced option strategies and often involve greater risk, and more complex risk, than basic options trades.

In order to demonstrate the functionality of the platform, we need to use actual symbols. However, Schwab does not make recommendations or determine the suitability of any security or strategy for individual traders. Any investment decision you make in your self-directed account is solely your responsibility.

The paperMoney® software application is for educational purposes only. Successful virtual trading during one time period does not guarantee successful investing of actual funds during a later time period as market conditions change continuously.

All investing involves risk, including the risk of loss.