Option Chain Filters

These filters determine which contracts or pairings are available for you to choose from in the option chain when setting up an option trade. Choose the number of contracts or pairings to display, whether to view calls or puts, strike range, and more.

TIP: To filter Adjusted options or Weekly and Quarterly expiring options, see Option Chains Settings.

Following are descriptions of each available filter, which will vary depending on the strategy you have selected:

Filter Fields	Description
Option Type/ Strategy	Choose whether to display Calls, Puts, or both, or choose from a variety of Spread and Combination multi-leg option strategies. The option chain will display contracts that match your choice of strategy. See Option Strategies Overview for more on the types of multi-leg option strategies available in StreetSmart Edge®.
Expiration Filter	Choose whether to view options expiring in the Nearest 60 Days, specific expiration dates, or All Expirations.
Show number of contracts/pairings	You can choose how many contracts or pairings display for a particular expiration date. Click the drop-down and select from All to 10 or fewer.
Intrinsic Value	Select whether you want to view options that are At the Money, Around the Money, In the Money, or Out of the Money.
View	Choose between: Basic view, for which you can customize the column display by right-clicking in the option chain and selecting Columns and Settings. Theoretical allows you to select a Greek model and make changes to the different parameters that affect option pricing as calculated in that model in order to see how those changes would affect the prices and Greeks of the options in that chain. More on Theoretical View... Covered Calculator view shows calculations for Covered Call (aka buy write) or Covered Put (aka sell write) trades. Commissions and dividends are not included in the calculations, so be mindful of their effect and timing. More on Covered Calculator View...
Strike Range	The option chain will show potential trades where the difference between the two contract prices is equivalent to the strike range you specify.
Position to Close	For Rollouts, select the position you want to roll forward to a longer-term expiration date.
Near/Far Months	For Calendar Spreads, choose the near month and far month expiration dates.
Call/Put Display	View calls and puts either stacked or side-by-side .

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." Supporting documentation for any claims or statistical information is available upon request.