Published On Sep 1, 2022
Today we'll do a full tutorial on how to trade options on ThinkorSwim.
Options are an amazing tool and can be used in so many different ways. Whether it be generate income, hedge risk, or bet on direction. You can be as conservative or as insanely risky as you want, and everything in between.
There are so many different strategies out there that all make money in different ways, which is what makes them such a great tool, but also leads to a steep learning curve. Today we’ll go over a quick introduction to what options are, a few of the most popular strategies out there, and how to actually buy and sell them within thinkorswim.
Timestamps
0:00 Intro to Options on ThinkorSwim
0:38 What are Options
2:07 Option Chain Explained
5:15 How to Buy & Sell Options
9:57 Cancel/Edit Working Orders
13:49 How to Close an Option
15:17 Final Thoughts
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