Options

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

Analyze Trades Using Risk Profile on thinkorswim®

Learn to use the Risk Profile tool on the thinkorswim® Analyze tab, calculate probabilities, visualize the impact of price, time, and implied volatility on options trades.

Aligning Your Options with Implied Volatility

Learn the difference between implied and historical volatility and find out how to align your options trading strategy with the right volatility exposure.

Options Spread Orders on thinkorswim® Desktop

Learn how to create options spread orders on thinkorswim® desktop.

Trading Long Calls and Puts on thinkorswim® Web

In this video, we'll show you how to trade long calls and long puts using thinkorswim® web.

How to Trade Bull Put Spreads on thinkorswim®

Bull put spreads allow traders to define their theoretical maximum gain and loss and can make time decay work for them.

3 Stock Options Trading Stats on thinkorswim®

Explore how three options statistics available on the thinkorswim® platform—implied and historical volatility, the Sizzle Index, and the put/call ratio—can help traders make more informed decisions.

Set Up thinkorswim® Desktop for Options Trading

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.

Using the Account Statement on thinkorswim®

Learn how to keep track of cash balances, order history, and trade history using the Account Statement on thinkorswim®.

Out-of-the-Money and In-the-Money Vertical Spreads

Understand the similarities and differences between an out-of-the-money (OTM) put vertical and an in-the-money (ITM) call vertical.

Using the Market Heat Map on thinkorswim® Desktop

In this tutorial, we'll demonstrate how the Heat Map and Index Watch features on thinkorswim® can help you to visualize the markets and spot potential trading opportunities.