How do I use risk profile in thinkorswim?
To pull up the tool on thinkorswim, select the Analyze tab, and then Risk Profile. Next, you’ll want to add a simulated trade, which you can do by selecting Add Simulated Trades, just to the left of the Risk Profile button. As you type in a ticker, an option chain pops up.
What is the purple line on risk profile thinkorswim?
The purple line is the present-day profile; the blue line shows the profile on the options expiration date. Chart source: the thinkorswim® platform from TD Ameritrade. For illustrative purposes only. Past performance does not guarantee future results.
How do I sell my vertical spread on thinkorswim?
To trade vertical spreads on the thinkorswim platform from TD Ameritrade, go to the Trade tab and pull up an Option Chain (figure 2).
- Select either the bid or ask price of one of the options in the vertical.
- Then select Buy or Sell to create a long debit spread or short credit spread.
Is thinkorswim different than TD Ameritrade?
TD Ameritrade Mobile Trader and thinkorswim Mobile are the same application. TD Ameritrade Mobile has two applications in the Android store. One is for phones and one is for tablets. Mobile Trader has just one application and automatically scales to a phone or a tablet.
How do you read P and L on thinkorswim?
Profit/Loss (P/L) Open P/L Open is the amount of money made or lost on your position since the inception of the trade. You can see execution price for any stock or option in your position by going to the Monitor tab and left clicking on the P/L Open dollar amount.
Which is better debit or credit spread?
A debit spread is a go-to option if you expect the stock price to move in a specific direction. On the other hand, if you are unsure about the price movement direction, then a credit spread is better as you make money even if the share price doesn’t move.
What happened to thinkorswim?
Will I still be able to use thinkorswim®? Yes, the thinkorswim® platforms are coming to Schwab. That means you’ll still have access to thinkorswim® on desktop, web, and mobile—along with all its educational resources, including paperMoney®.
Is thinkorswim hard to use?
This is a vast and extremely complicated program, so even the most sophisticated traders should expect a steep learning curve going in. But if you’re looking for a semi-professional toolkit, this one is hard to beat. For investors who would like to up their game, there’s also a paper trading function to use.