How to trade options on think or swim
TD Ameritrade is one of the largest and most well-known online discount brokerages in the world. Acquiring thinkorswim, which catered mostly to active options and futures traders, was probably one of the smartest moves TD ever made. To get straight to the point, there is only one reason why traders like to trade options at TD Ameritrade…the thinkorswim platform.
To stay more competitive, TD recently slashed its benchmark commission how to trade options on think or swim making it an even more appealing choice for active options traders. There are over branches in more than 33 states in America, and TD Ameritrade employs more than 6, full-time employees.
In terms of funded client accounts, there are over 7. Needless to say, TD Ameritrade is a popular choice among retail investors and traders and the firm is not going anywhere. But what makes it so popular? Although almost all options brokers in offer stellar mobile and desktop trading platforms, thinkorswim is one of the highest rated platforms of all-time in the Google Play and Apple App stores. It truly is the cream of the crop.
Futures and How to trade options on think or swim Options: Outgoing Domestic Wire Transfer: Why is it so high? Several brokers off it for free. What can we say? Professional options traders will see many similarities between the thinkorswim platform and the Silexx Obsidian platform, which is a favorite among market makers and derivative-based hedge funds.
The thinkorswim platform has everything from advanced charts, options chains that load quickly, detailed position management tools, in depth analytics, a market calendar, and customizable watchlists. Of course, standard things like font size, color, etc. Option chains on thinkorswim are a thing how to trade options on think or swim beauty.
We have never experienced any delays in loading data that is typical with some option chains when scrolling up or down rapidly. Charting with TD Ameritrade is top-notch. The watchlist produced real-time quotes and market depth data for every symbol. Watchlists are great because you can keep track of your current account positions as well as sort stock, futures, indices, and even individual options contracts by various metrics.
Perhaps one of the more underrated of the thinkorswim platform is the ability to quickly find futures symbols, and therefore futures options symbols, very quickly. Some brokers like OptionsXpress have the absolute worst symbol finding feature you could possibly imagine.
With thinkorswim, you can also see the tick size, tick value, and initial margin requirement all from one easy place in the platform! Except for some of the options analytics tools, the mobile version of thinkorswim has everything that the desktop version has. It has more than everything you need to trade on the fly and manage your positions. Multi-leg options orders are not a problem. We also use it for market alerts. Level II trading data is free at TD Ameritrade for all futures and equities and their respective options.
Plus, there is a useful streaming market news feature on both the desktop and mobile platforms that is free of charge. A lot of traders have reported difficulty with approval for uncovered options trading with TD Ameritrade. It usually only takes an email to customer service to remedy this.
Additionally, they offer excellent live-chat support via the mobile how to trade options on think or swim desktop platforms. Once you start a support request, someone will typically answer within minutes. As they saying goes, you get what you pay for. Although commissions with TD are negotiable, their rates are much higher than several other discount brokerages.
At the end of the day, you really have to ask yourself if advanced trading technology is worth paying more money in commissions. If that answer is yes, then TD is great. Options Bro March 16, The mobile option chain loads data points fast and accurately. Mobile order management is phenomenal.
Also use this menu to remove studies that have already been applied to the chart. When adding a study, you are prompted for the study parameters and can change the color of the line before adding it to the chart. You may also identify the pane in which the study should be added (on the main chart or in a new pane).
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