Options Tab Columns

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

The Options Tab allows you to view up to 19 types of information about each option in a chain.

Configuring Options Tab Columns

  1. Click Settings > Option Page Columns in the Trading window. The following window opens:

  2. To add a column, click on a column name in the Available Columns list and click Add to add it to the Selected Columns (which are the columns that will display).
  3. To remove a column, click on a name in the Selected Columns list and click Remove.
  4. To sort the Selected Columns list, click on a name and use the Move Up/Move Down buttons to change its location in the list.

TIP: If you only want to rearrange the columns but not add new ones, you can right-click on the column header and select a different column for that position or you can use drag-and-drop.

 

Available Columns

Strike

Option strike price; price at which the option may be exercised

Symbol

Option symbol, showing (in order) underlying symbol (root symbol), expiration date, strike price, and Call or Put

Last

Price at which the option last traded

Time of Last

Time at which this option last traded

Exchange of Last

Exchange on which this option last traded

Net

Net change from yesterday's close price

Bid

Current inside bid price

Ask

Current inside ask price

Size

The available number of contracts for the bid and ask, displayed as [bid quantity] x [ask quantity].

Volume

Cumulative volume for the day

Open Interest

Total number of outstanding option contracts in a particular series

Implied Volatility

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

Delta

Indicates how much the price of a call option moves for every one-point move in the price of the underlying security.

Gamma

Measures the change in delta for a change in the underlying stock price.

Theta

The change in option price in relation to the time left before the option expires.

Vega

The change in option price in relation to a 1% change in volatility.

Rho

The change in the price of an option resulting from a 1% change in interest rates.

Ask Implied Volatility

Implied Volatility based on ask price.

Bid Implied Volatility

Implied Volatility based on bid price.

 

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