Options involve risks and are not suitable for all investors. Before trading, read the Options Disclosure Document.
thinkorswim® is an industry-leading trading platform offering powerful trading tools, streaming real-time data, and powerful analytics. In this tutorial, we’ll demonstrate how to use thinkorswim paperMoney® to practice options trading.
0:00 Overview
0:33 paperMoney account types and balances
1:00 Navigating the Option Chain
2:40 Placing a trade
3:00 Order Entry tool, changing quantity defaults, and adjusting price
4:43 Checking status of working order
5:20 Cancel and replace a working order
5:50 Monitoring orders and positions
6:30 Creating a vertical spread
8:40 Closing an options position
10:15 Using the Risk Profile
13:03 Introduction to Today’s Options Statistics
14:05 Adjusting a paperMoney position
15:05 Adjusting or resetting your paperMoney account
For more thinkorswim tutorials visit the thinkorswim Learning Center: toslc.thinkorswim.com
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