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The Trading Window is the hub of the software, where you can place trades and get Level I and II quotes. In the Settings menu of the Trading Window, you can set up Hot Keys for rapid-fire trading, as well as general data display settings and much more. |
You can have up to 20 Trading Windows open at once allowing you to follow several symbols at one time.
The Trading Window features four tabs: Stocks, Options, Level II Options, and Advanced Options.
The Stocks Tab has 3 segments:
Stock symbols and price and volume data shown here and in the software are for illustrative purposes only. Charles Schwab & Co., Inc., its parent or affiliates, and/or its employees and/or directors may have positions in securities referenced herein, and may, as principal or agent, buy from or sell to clients.
NOTE: Level II data is available to you for a fee if you wish to subscribe to the service. However, the fee may be waived if you meet certain eligibility requirements. For additional information, please contact your Schwab Active Trader Team.
The Options Tab allows you to view options chains and, if approved for options trading, place options trades.
You will need to turn on the Level II Options tab by clicking Settings > General > L2 Data and checking the Show L2 Option Data selection. The Level II Options Tab has 4 segments:
The Advanced Options tab allows approved traders to place multi-leg option orders, including buy/writes, rollouts, collars, straddles, as well as vertical spreads, calendar spreads, and 2:1 ratio spreads. The available tabs depend on your individual level of options approval.
Commissions, taxes, and transaction costs are not included in any of the following strategy discussions, but can affect final outcome and should be considered. Please contact a tax advisor to discuss the tax implications of these strategies. All strategies described herein require the use of a margin account. 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
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