Combos

Combo orders are entered by manually inputting the two symbols in the symbol fields once the Combo button is selected from the Advanced Option Trade screen. These types of two legged spreads and other two legged options strategies are not specifically supported in any of the other strategies displayed in the Strategy Filter menu.

Please note: Schwab currently only accepts two legged orders, if your combo order consists of an equity leg enter the symbol in Leg 1. Also, the StreetSmart.com® Combination order is not the same as the Combo strategy on Schwab.com.

Commissions, taxes, and transaction costs are not included in any of these strategy discussions, but can affect final outcome and should be considered. Please contact a tax advisor to discuss the tax implications of these strategies. Many of the strategies described herein require the use of a margin account. With long options, investors may lose 100% of funds invested. In-the-money long puts need to be closed out prior to expiration, since exercising them could create short stock positions.

Options carry a high level of risk and are not suitable for all investors. Certain requirements must be met to trade options through Schwab. Multiple leg options strategies will involve multiple commissions. Please read the options disclosure document titled "Characteristics and Risks of Standardized Options." Member SIPC