thinkorswim® paperMoney® Options Trading Simulator Tutorial

Video Description

Options involve risks and are not suitable for all investors. Before trading, read the Options Disclosure Document. https://bit.ly/OptionsDisclosureDocument thinkorswim® is an industry-leading trading platform offering powerful trading tools, streaming real-time data, and powerful analytics. In this tutorial, we'll demonstrate how to use thinkorswim paperMoney® to practice options trading. Schwab clients can log in and access the thinkorswim® platform here:  https://www.schwab.com/getthinkorswim Not a Schwab client? Learn more about the thinkorswim® platform: https://www.schwab.com/thinkorswim 0:00 Overview 0:33 paperMoney account types and balances 1:00 Navigating the Option Chain 2:40 Placing a trade 3:00 Order Entry tool, changing quantity defaults, and adjusting price 4:43 Checking status of working order 5:20 Cancel and replace a working order 5:50 Monitoring orders and positions 6:30 Creating a vertical spread 8:40 Closing an options position 10:15 Using the Risk Profile 13:03 Introduction to Today's Options Statistics 14:05 Adjusting a paperMoney position 15:05 Adjusting or resetting your paperMoney account For more thinkorswim tutorials visit the thinkorswim Learning Center: toslc.thinkorswim.com We post educational videos that bring investing and finance topics back down to earth weekly. Have a question or topic suggestion? Let us know. Subscribe to our channel: https://bit.ly/SubscribeCharlesSchwab Check out more Insights & Education from Charles Schwab: https://www.schwab.com/learn Connect with Charles Schwab: Facebook: https://www.facebook.com/CharlesSchwab X: https://www.x.com/CharlesSchwab Open an account with Charles Schwab: https://www.schwab.com/open-an-account (0523-3P1Z)