Positions Column Descriptions

Quantity of brackets for the position. Please see the Brackets section for more information.

Notes on closing all or part of a position with brackets:

• Closing the entire position: When a position is closed, any contingent bracket orders will be cancelled automatically.
• Closing part of a position: Note that if you manually close part of a position with an associated bracket order, the Bracket quantity may not match the position Quantity shown in the Positions tab. Do not be concerned by this, because a bracket exit is treated like an order to close rather than an order to sell (or buy, for short positions) and will never put you in an oversold (or overbought) position. It will only act on the number of shares you actually hold.

The cost for the position. For more information on Cost and Trade Lots, see Trade Lot Details.

Important Information Regarding Cost Information and P&L Calculations for Your Accounts

Missing cost and P&L information will be represented with an ‘N/A’. Incomplete cost and P&L information will be represented with either the word ‘Incomplete’ or an asterisk (*) in the Cost column and P&L columns.

If lot level data is not available for your account but cost data is displayed, it will exclude commissions and transaction fees, and will not reflect corporate actions including but not limited to: stock splits, stock dividends, spin-offs, mergers, and name changes.

If lot level information is available for your account, the cost and resulting profit and loss data will include commissions and transaction fees but may also be incomplete because it may exclude manual adjustments and corporate actions including but not limited to: stock dividends, spin-offs, mergers, and name changes. Please note that cost and resulting profit and loss data displayed in StreetSmart Edge® is not the official record of your account. Your statements and confirmations serve as your official records.

Quotes for mutual fund positions are based on a quote from the most recent closing price available. For all other positions, during market hours, market value is derived from real-time quotes. After market hours, market value is derived from the most recent closing price or last trade, unless you have Update Equities Profit & Loss during After Hours checked in your Account Settings.

Today's gain or loss for your equity and option positions. The calculation is based on the gain or loss for your positions since the previous market close (Marked-to-market) or your cost if purchased today. It includes estimated commissions on positions established today.

Please note that the change calculation for your positions established prior to today can also be based on today's open price if you have elected this option via your Account Settings.

NOTE: This may differt from the Today’s Change within the Balances Bar, which in contrast, indicates the change in account value from the previous trading day's close. This includes your trading activity, as well as deposits and withdrawals.

Today's percent gain or loss for your equity and option positions expressed on a per share or per contract basis. The calculation will be based on the gain or loss for your positions since the previous market close (Marked-to-market) or your cost if purchased today. It includes estimated commissions on positions established today.

Please note that the per share or per contract change calculation for your positions established prior to today can also be based upon today's open if you have elected this option via your Account Settings.

Today's percent gain or loss for your equity and option positions. The calculation is based on the gain or loss for your positions since the previous market close (Marked-to-market) or your cost if purchased today. It includes estimated commissions on positions established today.

Please note that the percent change calculation for your positions established prior to today can also be based on today's open if you have elected this option via your Account Settings.

The percentage value will be taken out to two decimal places. Rounding the 2nd decimal placeholder up if the third decimal is +5 and rounding down if it is -5.

Shows if position is enrolled in Dividend Reinvestment.

Certain stocks and mutual funds pay a dividend, which may be reinvested into additional shares of the security, or can be paid to you in cash, depending upon your instructions.

• Yes indicates that the corresponding security's dividend is being reinvested.
• No indicates that no dividends are being reinvested for that security and that dividends will be paid in cash.

The Margin Requirements column shows the minimum dollar amount of equity you must maintain in your account (maintenance requirement).

For option positions, it shows:

• Maintenance Requirement: The requirement is only shown for one leg of each pairing
• Quantity: Number of contracts
• Strategy: Legs are paired to optimize buying power, even if the positions were opened individually
• Strategy sequence number: Legs paired together have the same sequence number

Typically, the ongoing maintenance requirement for most stocks is 30%, but Schwab may impose higher maintenance requirements on certain securities that are low priced, thinly traded, volatile, or which pose heightened risk.

Special maintenance requirements are set at Schwab's discretion⁴ and are intended to reflect a stock's volatility and to ensure that your account maintains sufficient equity to cover large price movements. Some stocks are so volatile or illiquid that they cannot be margined.

• Securities held in a cash account will display as ‘- -‘ or 'Not Marginable'
• 'N/A' will display if margin requirement data is unavailable.
• Maintenance requirements for multi-leg options will display with the short leg(s) that has/have the higher requirement(s).

A list of maintenance requirements across security types can be found here, with maintenance requirements listed on the far right under the heading "Schwab Maintenance Req."

The Margin Maintenance Requirement Lookup tool can be found here (login may be required).

Maintenance Requirement Disclosure

1. Maintenance requirement data updates every 15 minutes or upon an event that changes your balances or positions, such as a trade execution, debit transaction, etc.
2. If you have a special maintenance requirement on your account that is greater than the equity-specific requirement, then the account level maintenance requirement will supersede the equity-specific requirement.
3. Stocks trading for less than $3.00 are not marginable.
4. Margin requirements may be changed due to concentrated positions, non-diversification, changes in market conditions or at Schwab's discretion.

Unrealized profit or loss on the position in dollar format. P&L is calculated based on an average price paid per share.

NOTE: Lot accounting is not used, so P&L is NOT calculated on a LIFO/FIFO basis. There are limitations on the reporting of transactions/events that make up the P&L amounts.

Unrealized profit or loss on the position as a percentage. P&L is calculated based on an average price paid per share.

NOTE: Lot accounting is not used, so P&L is NOT calculated on a LIFO/FIFO basis. There are limitations on the reporting of transactions/events that make up the P&L amounts.

Estimate of the change in position value per one point change in the underlying price based on the selected option pricing model.

For equities, delta will be the same as quantity, because the price will change dollar for dollar with the stock price.

Implied Volatility based on the option midpoint price and underlying price as calculated with selected option pricing model.

IV is a theoretical value (in %) designed to represent the forecast volatility of the security or index as determined by the prices of multiple call and put options using the Black-Scholes pricing model.

Other variables usually include security price, strike price, risk-free rate of return, and days to expiration. If all other variables are equal, the security with the highest volatility will generally have the highest option prices.