How to trade options on thinkorswim mobile

App Store is a service mark of Apple Inc. TD Ameritrade Network and all third parties mentioned are separate and unaffiliated, and are not responsible for one another's policies, services or opinions. On-the-go Anytime, anywhere market info. Works with CarPlay. In-platform Never take your focus off the market. Online Coming to a screen near you. Watch now. And they could pick up and buy that phone. Here in this option feed area or the trade area, we have our last price net change, bid, ask, size.

Usually, when you buy a stock, you just right click buy. And then you choose the number of shares that you want. Here I have shares listed. And I could right-click confirm and send. Or it could hit this confirm and send button over as well. What I also would like to do is sometimes right-click and analyze the trade. And when you analyze the trade, this is the way the profit picture goes.

If the price continues to go up to or , you make more money. This, on the left side, is your profit and loss. And options work in a very similar way.

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So what I could do is go in and go to the call side. And I get to decide how many days out do I want to make this purchase. Options expire.

What are options?

They have a certain amount of time left, just like an insurance premium. This one right here you could see is two days until expiration. This one has nine days. This one has 16 days, 23 days and 44 days, and so on. Some of these have very long expiration days. You could see some have days to go. The closer you are towards expiration 30 days , it expires quickly.


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The closer you are to the money or at that money, at the current price because right now, that stock is Right here, bid and the ask. In that case, you have a much cheaper contract. I like just to click anywhere and then buy a single. And now it pulls it up. And you can right-click analyze that trade in the same way we did earlier with the stock.

And now I can spread it out. Here you have two lines. One is at expiration, which is your green line here. That is, in my case. You could, of course, change those colors. And the other line is today — the white line. Now you can see and move that time date forward with a time that profit and loss right over here.

And you could profit from the move. I could continue to just sit on it for a while rather than owning the shares. To purchase this, all I need to do is right-click confirm and send. And that would send that order in. Put that in, and you can see it gets in pretty quickly. If I go ahead and stock standstill, I lose money. Stock pulls back, and I lose money. The stock goes up; I make money. And it has to go up a little bit because I have to counteract the loss in the theta. Or the loss in the premium value. Now, if I would have went out further option instead of a because right now, this one is a call.

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And the current price is Buy a single, right-click analyze the trade. It says 91 cents over here. Each option contract deals with shares. That means you multiply this times There are more advanced options strategies.

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But you could say if you want to pay more and get it a little bit closer. And in that case, if it moves, I make quite a bit of money. And then it starts moving more like a stock. It could be due to earning, some news, or whatever the case may be. Now, to get out of it, you could get out of it early. I could just right-click, analyze the trade, and then confirm and send. I could also go right here to my main page and choose which one I want to go to.

Both of those will work. I just hit confirm and send, close out the trade and boom. Right now, I could do the same thing.

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And then this one together. I could get out of it ten days from now, a minute from now, an hour from now or days from now. This is a double butterfly strategy. You can see this strategy right now on a double butterfly on a couple of contracts. Almost like an Iron Condor if you never heard that term before.


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Let me see what else I have here. Netflix trade right here. I was completely wrong on it almost.