Welcome to our online Options School. We've set down some of the basics for you because, we figure, the better trader you are the happier client you will be.



You're smart. We've already assumed that. So thinkorswim doesn't dumb down trading options. We'll tell you more than you need to know about time spreads and early exercise. And, if you still have trouble sleeping, you can party all night learning about butterflies and boxes.




The Option Playbook is our version of a cheat sheet for option strategies. Got a hunch? The Playbook takes into account both your market prognosis and your risk objectives. It's not exhaustive, by any means; nor is it a crystal ball. Think of it as testing the winds before kick-off.

Limited Risk Strategies

Unlimited Risk Strategies
DOW NYSE S&P Nasdaq
  Name Last Chg %Chg
DOW 30 16,501.65 0.00 0.00
NYSE comp 10,575.91 -5.976 -0.057
S&P 500 1,878.61 3.22 0.171
NASDAQ 4,148.338 21.372 0.515