Trading Options on ThinkorSwim for Beginners (Step-by-Step Tutorial)

Today we'll do a full tutorial on how to trade options on ThinkorSwim.

Options are an amazing tool and can be used in so many different ways. Whether it be generate income, hedge risk, or bet on direction. You can be as conservative or as insanely risky as you want, and everything in between.

There are so many different strategies out there that all make money in different ways, which is what makes them such a great tool, but also leads to a steep learning curve. Today we’ll go over a quick introduction to what options are, a few of the most popular strategies out there, and how to actually buy and sell them within thinkorswim.
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Trading Journal (Work in progress)👇
https://traderlog.io/

TradingView (Best charts in the game)
https://www.tradingview.com/?aff_id=3...

Tastyworks (Great for options traders)
https://start.tastyworks.com/#/login?...

Webull (UP TO 12 FREE STOCKS)
https://a.webull.com/KJLaoiDnnHrFKovdOg
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Timestamps
0:00 Intro to Options on ThinkorSwim
0:38 What are Options
2:07 Option Chain Explained
5:15 How to Buy & Sell Options
9:57 Cancel/Edit Working Orders
13:49 How to Close an Option
15:17 Final Thoughts

Disclaimer: Some of these links go to one of my websites and some are affiliate links where I'll earn a small commission if you make a purchase at no additional cost to you.