Options

Learn about options trading, from how to place your first options trade to more advanced topics.

How to Use Weekly Stock Options

Learn how weekly stock options can potentially help option traders target their exposure to market events, such as earnings releases or economic announcements.

Selling Options: Strangles vs. Iron Condors

If volatility levels out after a spike and is expected to fall, this can potentially present opportunities to use selling strategies like strangles and iron condors.

How to Help Manage Risk with Vertical Spreads

Learn how vertical spreads can potentially be a cost-effective way to speculate on direction.

Unbalanced Butterfly and Strong Directional Bias

A trader's guide to tweaking a butterfly when they have a strong directional bias, time to expiration is short, and they want to squeeze as much as they can out of their position.

Hedging Principles on thinkorswim®

Learn three primary concepts traders think of when managing their portfolio—delta, capital requirements, and return on capital—and why these concepts matter to investors.

Adjusting Losing Trades: Four Scenarios

You have a losing trade, but you don't want to sell. Here are four options strategies to try and adjust losing trades.

thinkorswim® paperMoney® Simulated Options Trading

In this tutorial, we'll demonstrate how to use thinkorswim® paperMoney® to practice trading options.

Place a Single-Leg Options Trade | thinkorswim®

Learn how to place single-leg options trades on thinkorswim®.

Single Options on thinkorswim® Mobile (Android)

Learn how to buy and sell call and put options using the thinkorswim® mobile app for Android.

Gauging Stock Sentiment with Options

Investors who don't trade options can still potentially benefit from options data. Learn how traders can use options data to help gauge stock momentum.