How to Trade Options for Beginners: Covered Calls on thinkorswim®

Options involve risks and are not suitable for all investors. Before trading, read the Options Disclosure Document: https://bit.ly/2v9tH6D If you're a new option trader or a seasoned veteran, let us show you how to place a covered call trade on the thinkorswim® trading platform. We'll first show you what options are and how they work and then demonstrate how to enter an options strategy called a covered call on thinkorswim. Schwab clients can log in and access the thinkorswim® platform here:  https://www.schwab.com/getthinkorswim Not a Schwab client? Learn more about the thinkorswim® platform: https://www.schwab.com/thinkorswim 0:00-1:09 Introduction 1:10-6:48 What is an option? 6:49-8:25 How are options priced? 8:26-12:11 What is a covered call? 12:12-30:16 Placing your first options trade 30:17-46:02 Managing your options trades All corporate names and market data shown are for illustrative purposes only and are not a recommendation, offer to sell, or a solicitation of an offer to buy any security.  Subscribe to our channel: https://bit.ly/SubscribeCharlesSchwab   Check out more Insights & Education from Charles Schwab: https://www.schwab.com/learn   Connect with Charles Schwab: Facebook:   / charlesschwab   X: https://www.x.com/CharlesSchwab   Open an account with Charles Schwab: https://www.schwab.com/open-an-account (0825-URNR)