How to Analyze Trade Probabilities on thinkorswim® desktop

Options involve risks and are not suitable for all investors. Before trading, read the Options Disclosure Document. bit.ly/OptionsDisclosureDocument
thinkorswim® is an industry-leading trading platform that offers powerful trading tools, real-time data, and powerful analytics. In this tutorial, we’ll explain how the probability analysis tool can help you gauge potential trade outcomes.
0:00 Welcome
0:38 Probability Analysis tool layout
2:00 Probability analysis chart
3:35 Stock trade probability analysis
5:05 Long call probability analysis
7:50 Short vertical call spread probability analysis
9:45 Position and Simulated Trades
11:30 Short put probability analysis
15:50 Reset probability analysis to default settings
Subscribe to our channel: bit.ly/SubscribeCharlesSchwab
Click here for more insights and education: www.schwab.com/learn/
For more thinkorswim tutorials visit the thinkorswim Learning Center: toslc.thinkorswim.com
(0423-3DTC)

[@patrickkneller120]

GREAT STUFF THANK YOU

[@krzysztofzak3503]

Good and visually comprehensive

[@pimphopp4180]

Well done I been looking all over for a tutorial for this tool.

[@FahadAlHoymany]

This is a very clear presentation. Well done.

[@orionsturtle4824]

Concerning the volatility adjustment. When you adjusted it to +8% was that adding 8 to the current VIX (i.e. VIX = 12 +8 more percent = simulating a VIX at 20) or is the tool multiplying the the VIX by 8% (i.e. VIX of 12 * 8% = VIX of 12.96)? Or is it something completely different from what I am thinking of? Thx!

[@CharlesSchwab]

Hello and thank you for reaching out. While we can only offer limited support through social media, our specialists are happy to assist. To discuss your concern with a broker, please call 800-435-4000 or initiate a secure chat session on Schwab.com, available 24/7. ^CH