Your home for getting started with options trading at Schwab.

Whether you are starting out or looking to use advanced strategies, these steps can help you get more out of your options trading experience at Schwab.

1. Make sure you have an account that's approved to trade options strategies you're interested in.

New to Schwab? Open a brokerage account.

Start by opening an individual or joint brokerage account.

Apply for options approval or upgrade your level.

Log in to complete an application to apply for options approval.

Check your options approval level.

Log in to see the strategies your account is approved to trade.

2. Select a platform that best fits your needs.

Review a detailed comparison of our platforms and their options trading features below. For a full comparison, visit our Platforms Comparison page.

compare platforms

Place single and multi-leg option orders thinkorswim ® desktop thinkorswim ® web thinkorswim ® mobile app Schwab Mobile App Options probabilities thinkorswim ® desktop thinkorswim ® web thinkorswim ® mobile app Schwab Mobile App Options statistics thinkorswim ® desktop thinkorswim ® web thinkorswim ® mobile app Schwab Mobile App Options screener thinkorswim ® desktop thinkorswim ® web thinkorswim ® mobile app Schwab Mobile App Tools to see liquidity changes thinkorswim ® desktop thinkorswim ® web thinkorswim ® mobile app Schwab Mobile App Chart indicators and studies thinkorswim ® desktop thinkorswim ® web thinkorswim ® mobile app Schwab Mobile App Simulated trade and portfolio risk analysis thinkorswim ® desktop thinkorswim ® web thinkorswim ® mobile app Schwab Mobile App Fundamental analysis thinkorswim ® desktop thinkorswim ® web thinkorswim ® mobile app Schwab Mobile App In-platform live chat with options specialists thinkorswim ® desktop thinkorswim ® web thinkorswim ® mobile app Schwab Mobile App Livestreamed market commentary thinkorswim ® desktop thinkorswim ® web thinkorswim ® mobile app Schwab Mobile App thinkorswim ® desktop thinkorswim ® web thinkorswim ® mobile app Schwab Mobile App

Customize your trading experience with our platforms:

SIMULATED TRADING

Sharpen your options trading skills risk-free

Introduction to thinkorswim

HOW TO VIDEO

Set up thinkorswim for trading options

TOP 5 QUESTIONS

See what new traders ask about thinkorswim

Intuitive options trading on Schwab Trading Tools

SCHWAB MOBILE

Placing options trades in the app

3. Get insights and education to help you keep on top of the market and your trading.

Options Education

Learn about options trading—from placing your first trade to exploring more advanced topics—with our comprehensive collection of options articles, videos, and more.

Today's Options Market Update

Get timely updates from Schwab's options trading specialists, who provide their outlook on the options market.

Schwab Coaching

Join our daily webcasts with Q&A—live and on-demand—to learn how to apply trading principles in current market conditions using platforms and tools to see real-time trade demos.

Get the latest market news—and what it may mean for your options trading.

Gain insights from industry pros about what's happening in the markets—available live or on-demand on our media affiliate, Schwab Network™.*

*Schwab Network is brought to you by Charles Schwab Media Productions Company ("CSMPC"). CSMPC, Charles Schwab Futures and Forex LLC, and Charles Schwab & Co., Inc. are separate but affiliated subsidiaries of The Charles Schwab Corporation. CSMPC is not a financial advisor, registered investment advisor, broker-dealer, or futures commission merchant.

4. Get live options support when you need it.

Our options trading specialists are dedicated to using their trading experience to help you evaluate and implement your options strategies.

Have a specific question?

We're available Monday – Friday, 8:30am – 5:00pm ET, at 877-594-6324.

You can also find a consultant and chat online for additional support.

Open an account today.

Open a Schwab brokerage account online in minutes. Get specialized trading and research tools plus award-winning support.

Already a client and want to apply for options approval? Or need to upgrade?

Apply for the options approval level right for you in just a few minutes.

Have questions about options? We're here to help.

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Options carry a high level of risk and are not suitable for all investors. Certain requirements must be met to trade options through Schwab. Please read the options disclosure document titled "Characteristics and Risks of Standardized Options." Supporting documentation for any claims or statistical information is available upon request.

thinkorswim mobile and Schwab Mobile require a wireless signal or mobile connection. System availability and response times are subject to market conditions and your mobile connection limitations. Functionality may vary by operating system and/or device.

Access to Electronic Services may be limited or unavailable during periods of peak demand, market volatility, systems upgrade, maintenance, or for other reasons.

Investment and Insurance Products Are: Not FDIC Insured • Not Insured by Any Federal Government Agency • Not a Deposit or Other Obligation of, or Guaranteed by, the Bank or any of its Affiliates • Subject to Investment Risks, Including Possible Loss of Principal Amount Invested

The Charles Schwab Corporation provides a full range of brokerage, banking and financial advisory services through its operating subsidiaries. Its broker-dealer subsidiary, Charles Schwab & Co. Inc. (Member SIPC), and its affiliates offer investment services and products. Its banking subsidiary, Charles Schwab Bank, SSB (member FDIC and an Equal Housing Lender), provides deposit and lending services and products. This site is designed for U.S. residents. Non-U.S. residents are subject to country-specific restrictions. Learn more about our services for non-U.S. residents, Charles Schwab Hong Kong clients, Charles Schwab U.K. clients.

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