How to close an option position in thinkorswim When you In this video you will learn how to close a put sale using the ThinkorSwim (TOS) platform--Learn how to trade the stock market for free: Learn To Trade Stoc In the Position Statement section of the Activity and Positions tab, you can track your current positions, view and analyze their underlying breakdown, roll and close trades, use the Beta Weighting tool, and read the news on all the symbols currently present in your portfolio. -------------------------------------------------- TraderLog (My Trading Journal)馃憞 https://optionalpha. The most common approach involves right-clicking on your open position in the Monitor tab and creating a closing order, though Thinkorswim also offers very fast methods for exiting trades. An OCO (one-cancels-other) bracket order will set a stop loss order below and a take profit order above your position. Jan 13, 2021 路 Get FREE Stock Market Basics Training: https://cutt. In addition to a checkbox to enable Beta Weighting in thinkorswim®, the Activity and Positions interface has a Scroll to the top button for easy Lightning fast way to close all positions on mobile app? I have been trading exclusively on my phone, do not want to use desktop/laptop again, and it’s working really well for everything except for sometimes I really just need to liquidate the entire portfolio without going through and setting up sell orders on each position. 2: what if I only want the execute the trade at a min price The net result is no exposure to the asset. Can this be applied to a covered call position? I had problems using TD Ameritrade, because my twin 'contingent orders' would buy to cover the options if the stock dropped, but then the stock order would fail because the system didn't know that the options "weren't there any more". The Position Statement header displays the total number of positions. To close out an existing position in the thinkorswim® platform from TD Ameritrade, right click on the ticker symbol (or anywhere on that line) to pull up your order options. closing a option vertical spread on thinkorswim. Right click on a position you want to close Step 3. Lets say i sold an Iron Condor on 03/23 exp 03/24 Current price of SPX $5224 SPX Iron Condor Sell CALL $5250 Buy CALL $5255 Sell PUT $5195 Buy PUT $5190 Credit received is $1. Start trading futures confidently today! What Exactly Is a Thinkorswim OCO Order? OCO stands for "One Cancels the Other. By setting up a Rolling Strategy for a Covered Call position, the tool can help you manage rolling Covered Call positions from one expiration to another according to In this video I will show you how to exit an Iron Butterfly Option Strategy using the ThinkorSwim Platform. Learn when and how to close when you're trading options! more I've seen several examples online showing that when you right-click an existing options position there is an option to create a closing OCO order. By setting up a Rolling Strategy for a Covered Call position, the tool can help you manage rolling Covered Call positions from one expiration to another according to How to Close Options - Understanding Buy To Close / Sell to Close How We Trade 0DTE Vertical Spreads (without over spending) | Zero Days to Expiration Options In the video today we’ll be going through all the steps needed to roll options in the ThinkorSwim platform. Sep 26, 2025 路 Learn how "sell to close" closes an options trade, its workings, and examples of profitable and loss scenarios. thinkorswim® Setup The Setup menu gives you access to key platform preferences and customization options. SELL_TO_CLOSESELL_TO_CLOSE Syntax OrderType. Clicking Setup opens the setup menu and lets you easily change the platform settings. To customize the keyboard shortcuts: Press Setup in the top right Complex orders for rolling options. In this video I will show you how to exit an Iron Butterfly Option Strategy using the ThinkorSwim Platform. I selected the put I want to close and then selected “Close selected” button. Aug 28, 2023 路 The OCO aspect is what would allow two seemingly conflicting closing orders to be in effect at the same time. Today we'll learn how to open a brand new option position using the stock price as the trigger, and we’ll also cover how to create a stop on that option using the underlying stock price as well. To flatten a position means to close out all current contracts and offsetting buy or sell orders in the market. A stop loss order will generally be used as a way to close out an open position if the price moves against us. • ThinkorSwim: How To Exit A Trade Quickly more Best way to close option Say i wanted to close my option at end of day, however I not available during that time. In addition to using the Big Buttons panel for entering a first triggers order, you can enter an OCO Order in Active Trader: An option position composed of either all calls or all puts, with long options and short options at two different strike prices. com - GLD heather options 210 subscribers Subscribed The TOP Options Trader Reveals His ONE and ONLY Trade Setup Best Way To Trade Options using ThinkorSwim Active Trader Options Trading for Beginners: Total Guide with Examples! Learn how to trade futures on thinkorswim with Benzinga’s step-by-step guide. To do so, click in the Ask X column to simulate buying or in the Bid X column to simulate selling. In this video, we will cover how you can capture your options profits and exit the trade. If the number of days drops below 20, or below 12, or below 5, I will need to submit a “Cancel A stop loss order will generally be used as a way to close out an open position if the price moves against us. These settings include display properties, volume subgraph visibility, and Extended Session viewing parameters. In today’s video we’ll be going through the process of exercising options on the ThinkorSwim platform. 17 in the DEBIT box, and select “GTC”. Aug 28, 2023 路 Learn how to monitor positions using the Position Statement on thinkorswim® to review and group your accounts and positions. how to close an option position in thinkorswim mobile app, how to close an option position in thinkorswim app In the Position Statement section of the Activity and Positions tab, you can track your current positions, view and analyze their underlying breakdown, roll and close trades, use the Beta Weighting tool, and read the news on all the symbols currently present in your portfolio. The . Options are an amazing tool and can be used in so many different ways. Go to Monitor Tab. Is this a glitch? The Strategy Roller is a feature of the thinkorswim platform that can be used to help manage Covered Call option strategies. 00 P/L since open offset (bake in) the $117 premium In the Position Statement section of the Activity and Positions tab, you can track your current positions, view and analyze their underlying breakdown, roll and close trades, use the Beta Weighting tool, and read the news on all the symbols currently present in your portfolio. 3 days ago 路 Closing an options trade on Thinkorswim can be done quickly and efficiently using several methods, from rapid market exits to more precise, controlled order placements. The stock is currently at 100. In this ThinkorSwim tutorial video we'll be covering how to trade options within the platform. Then it has the cost of the trade is -$153. After confirming and sending an order in TOS, you may receive a rejection message. Learn tips & exit strategies now Does anyone know if this is an option? I want to get out of all my options as fast as I can. The only option is to determine where you'd want to begin selling your position and creating your order in that fashion, which is exactly what I've done and it has worked out well. 76K subscribers Subscribe Mar 25, 2025 路 To close a forex trade in Think or Swim, open the Trade tab, locate the open position, create a close order, choose the type of close order, submit the order, and review the closed position. You can use both Aggregation Period constants and pre-defined string values (e. Once you open this window, you will select “create closing order” from the drop down menu. If you have two contracts on Thinkorswim platform and you want to sell off just one this video will help you with this process. Feb 23, 2021 路 Detailed step by step guide on how to close a position on Thinkorswim using the primary position monitor page and the trade page. Day, 2 Days, Week, Month, etc. This is generally done to take profits, or to cut losses in a losing trade. This button eliminates two I can't figure out how to get rid of my closed options positions when using OnDemand. Before trading, read the Options Disclosure Document: https://bit. Today we’ll be going through a few different methods you have to protect your options positions within Thinkorswim. -------------------------------------------------- Trading Journal (Work How to close an option position on Thinkorswim platform TravenTeng 420 subscribers Subscribed (f) Are you stuck with a losing position in Thinkorswim? This video will show you the only way to close it. Oct 19, 2025 路 The order window will show up at the bottom of your screen. In this video I show step-by-step how to see stock, ETF & options current positions on thinkorswim charts. Trails by a $ or % that you set, if the price dips below the trail a market order is placed to close out that position. When you click on the open position/trade you will see a tiny “accordion” type window in the extreme right corner of the order window. We’ll start by learning what they are, how they work, and how to manage them throughout the life How to close a trade on the platform "Thinkorswim"388 In today’s video we’ll learn how to place stop loss orders on options contracts. Not actually being in the Options Settings affect parameters of all options symbols. In the regular live trading, my closed positions are removed after one trading day, but with the OnDemand feature I can't seem to get rid of these closed In Thinkorswim, how do you close an option position? How to Close a Filled Order Find the POSITION YOU WANT TO CLOSE Once your opening order is filled, go to the Monitor Tab and select either “Filled Orders” or “Position Statement” or INSTRUMENT. You can display it as a line on the chart to show the average price at which you entered your long or short position. The question is 1: what should I set order to? Market order sound like bad idea for options. Another option to look at is a trailing stop. The flatten button will cancel all orders and close the position. This will include stops, trailing stops, stops on stock price and stops based Today we’ll be going through a few different ways to better organize your activity and positions page within ThinkorSwim. Rolling is the process of buying back the short option near expiration and simultaneously selling the next expiration period's same strike option. Can I set a profit-taking order on Thinkorswim that automatically closes my position after reaching a specific percentage gain? Example: I'd like to automatically sell a stock or option if it increases by 10% from my entry price. 23. How to close an options trade. In the Position Statement section of the Activity and Positions tab, you can track your current positions, view and analyze their underlying breakdown, roll and close trades, use the Beta Weighting tool, and read the news on all the symbols currently present in your portfolio. May 1, 2014 路 Here is a fast video on how to close spreads in Think or Swim with one click. To watch the complete tutorial check out this video. The last option price is 2. Returns the Close price for the specific symbol, aggregation period and price type. In this video you'll learn how to buy stock, sell stock and close out of your open positions. The full list of the pre-defined string values can be found in the Referencing Secondary Aggregation article. Right now my P/L Open is $50. This applies to any platform as well and I'll guide you through the In this video we’ll learn how to close options spreads in the ThinkorSwim Desktop Platform. By setting up a Rolling Strategy for a Covered Call position, the tool can help you manage rolling Covered Call positions from one expiration to another according to Now, when I want to exit, on monitor tab, I right click on the ticker and choose "Create closing order" --> and change the sell order to Market instead of limit. This video also covers the other advanced order options and the method of saving an order template fo How to Close Options - Understanding Buy To Close / Sell to Close How We Trade 0DTE Vertical Spreads (without over spending) | Zero Days to Expiration Options In the video today we’ll be going through all the steps needed to roll options in the ThinkorSwim platform. Using the Position Statement on the Monitor tab, you can review and group your accounts and positions as well as view information like profit and Welcome to thinkorswim! In this manual, you will find tutorials on numerous thinkorswim features, tabs, and interfaces. I typically deal in direct stock trading but tried my hand at an option. orders and close any option positions regardless of direction or qty. 45 Here is my question, not sure if i am using proper verbiage. ThinkorSwim – Setting Trade Triggers Monitor and Adjust Now I need to keep track of the “Days to Expiration” for my open Options positions. Im not using the active trader the way it probably should be used but if you are looking at your option in the chart, then it shows your number of open contracts. Complex orders for rolling options. " It is an order type used in stock market trading where you can simultaneously set up two different orders for a position: one for a profit target (a sell limit order) and another for a stop loss (a stop order). Move to create closing order, then click on … Learn how to monitor positions on thinkorswim®. Learn how to cut your losses and move on from this trade. Note that you can switch order to Strategy Properties article for details. The Strategy Roller is a feature of the thinkorswim platform that can be used to help manage Covered Call option strategies. To make your thinkorswim experience even more convenient, you can customize the list of key combinations to be used for certain commands. These orders are submitted without a specific price, similar to a market order, but are held until the market close. It covers various options spreads, including vertical spreads, butterfly spreads, and iron condors. Jan 10, 2020 路 I am running day trading strategies which require that the stock position be closed at end of day. To customize the keyboard shortcuts: Press Setup in the top right May 6, 2024 路 Catching Butterflies trading options can be a rewarding experience! What is an Options Butterfly? An Options Butterfly consists of a Debit Spread combined with a Credit Spread. One key feature of an OCO order is that when either the profit target or stop loss order gets filled, it How to create OCO Bracket Orders for Options in ThinkorSwim Me Priori 119 subscribers Subscribe Not sure I got your question correctly. Aug 21, 2025 路 This beginner's guide can help new option traders navigate the dynamics of options expiration—especially how exercise and assignment work—before initiating a trade. 3K subscribers Subscribed Feb 11, 2021 路 If I have a AAPL call that is up by $100 and a put that is down by $50, and a third vertical spread that is up by 20. The body of the butterfly is comprised of the two short positions combined together (the body of the butterfly) while On thinkorswim flatten is a market order. The call option price was 1. So you're "doing it right". It takes me to the page to confirm the order and it has defaulted to sell and -1. Whether you're a beginner or Oct 5, 2022 路 There are multiple ways to show your entry price on a ThinkorSwim chart. Feb 26, 2021 路 In the trade block, enter . Whether it be ge Closing an options position Yesterday and the day before were my first ever options purchases. 10 for a 43. Quick and Efficient Closing Methods PART 2: CLOSING AN OPTION TRADE Now, let’s demonstrate how to close the same option contract. This will cover how to buy and sell single leg options, create spreads, and close out of your open How To Close Options Position: That is one of the questions you guys ask the most. ThinkorSwim – Setting Trade Triggers In the working window, confirm the order. A ratio spread is the purchase of an option (s) and the sale of a greater number of the same type of options that are out-of-the-money with respect to the May 9, 2024 路 Learn essential tips for how to manage an iron condor options strategy to maximize profits and minimize losses. We’ll start by learning what they are, how they work, and how to manage them throughout the life In today’s video we’ll learn how to place stop loss orders on options contracts. Is there something simple that can be added to the strategy to close the stock position at end of day? Creating an OCO bracket for an existing option order? I want to create a stop loss but also a take profit limit order for my existing option position, and to do this it is usually just an OCO bracket order, but when I right-click the usual "with OCO bracket" option isn't listed like how it is for a regular stock. May 6, 2024 路 Catching Butterflies trading options can be a rewarding experience! What is an Options Butterfly? An Options Butterfly consists of a Debit Spread combined with a Credit Spread. ly/ufInC9r Watch this video to fully understand how to close a trade on the Think or Swim platform. The Activity and Positions interface, in the Monitor tab, has two primary sections: the Today's Trading Activity section which can be used to manage current trading activity and the Position Statement section which can help manage open positions. 00. How to Place Stops on Options in ThinkorSwim (Stop, Trailing Stop, Stock Price, Study Crossover) Magnus Carlsen Teaches Us A GENIUS Chess Opening (Wins Every Time!) Options involve risks and are not suitable for all investors. Thinkorswim shows a P/L since open of 94. ) as valid parameters for the aggregation period. This tool offers a new way of managing Covered Call positions with greater ease and equal flexibility. g. It closes out your position and then takes the opposite direction of the stock you just owned. This will add the corresponding option to the Positions and Simulated Trades and Price Slices panes. That will put a trade to sell. Get FREE Stock Market Basics Training: https://cutt. Always check the order type and make sure you aren’t opening a short options position if you’re trying to close a long options position. More more info visit us at optionsedge. This includes closing out vertical spreads, butterfly spreads, and iron condors. If you right click on position under monitor tab for option, you can select close position. Review and confirm as you have to do that for all manual trades. 17 (so my understanding a $117 premium). I’m not sure how to do this besides going in one by one on TD ameritrade. When I go to a ticker, and it shows my positions, i select each strike that is part of the spread I want and then select "close position" Learn more Trading in ThinkorSwim can be a bit confusing when you're first getting started. The options are all on the same stock and usually of the same expiration, with more options sold than purchased. 00 P/L since open offset (bake in) the $117 premium The Strategy Roller is a feature of the thinkorswim platform that can be used to help manage Covered Call option strategies. Today we’ll be discussing covered calls and how to create them within the thinkorswim web app. In addition, a sidebar widget is available to help you track multiple positions at the same time. The difference is flatten now won't ask for confirmation. (f) Are you stuck with a losing position in Thinkorswim? This video will show you the only way to close it. 86. Learn how to create a OCO bracket order in ThinkorSwim. Ok, so the flatten should cancel all. net and follow us on twitter @options_e In the Option Chain pane, select an option or options you would like to simulate the trade for. Is this a glitch? May 1, 2014 路 Here is a fast video on how to close spreads in Think or Swim with one click. However, instead of using the option price to activate the stop. Click on “none” Step 2. OrderType. Possibly on your stop loss. Here's how to close out an existing position on the thinkorswim ® platform (see image below). Whether you're adjusting your workspace, managing display settings, or setting up keyboard shortcuts, Setup is the go-to place for tailoring the platform to fit your trading style and workflow. As I not able to determine the price the option trade at during that time. -------------------------------------------------- TraderLog (My Trading Journal)馃憞 Returns the Close price for the specific symbol, aggregation period and price type. In addition to a checkbox to enable Beta Weighting in thinkorswim®, the Activity and Positions interface has a Scroll to the top button for easy The Activity and Positions interface, in the Monitor tab, has two primary sections: the Today's Trading Activity section which can be used to manage current trading activity and the Position Statement section which can help manage open positions. To enter a market on close order in thinkorswim, switch the order type under Order to MOC. SELL_TO_CLOSE Description Used in AddOrder function to add a selling order for closing a long position. It gives Aug 14, 2025 路 If you're a new option trader who's never tried the thinkorswim® platform, consider this video your first step for learning to trade options on thinkorswim. Successful trading requires the right training. Learn more Trading in ThinkorSwim can be a bit confusing when you're first getting started. I just used it a few minutes ago to close a position. First, right-click the ticker symbol (or anywhere on that line) to pull up your order types. Example See the AddOrder article in the Others section. After your initial purchase: a trailing stop will follow the stock price up but not down. ly/2v9tH6D thinkorswim® web is the browser-based version of Today we'll do a full tutorial on how to trade options on ThinkorSwim. Is there a close all method where I can set my exit ($70) for all available positions (not individual)? This way I can book the $70 profit without going into each leg and closing Definitely agree with the advice to call the trade desk any time you are concerned by what you are seeing but if you described what I think you described, it’s normal. The only closing order option that shows up for me is a BTC limit order. Feb 12, 2018 路 How to Close out Positions in Think or Swim Step 1. Apr 17, 2024 路 This video provides a comprehensive guide on how to close a trade on the Think or Swim platform. com/tos - Once you've started making option trades on the thinkorswim platform, you'll want to setup your Activity and Positions tab as efficiently as possible so you can Very basic tutorial video - simply showcasing how to buy positions on TOS mobile, and then how to sell to close your positions, specifically option contracts Jan 8, 2019 路 How Do I Close Part of My Options Swing Position on Thinkorswim? #HungryForReturns 20 In thinkorswim, you can either set a stop order or an OCO bracket order. how to close a covered call option via think or swim SFXTrading 89 subscribers Subscribe Sep 7, 2022 路 Conditional Orders and How to Flatten Position on Thinkorswim We will take a look at two issues that crop up for users and they are conditional orders and how to flatten position on thinkorswim. Tracking your open positions and your profit and losses across ThinkorSwim can be a bit of a pain sometimes. open. Options Settings affect parameters of all options symbols. As will the "flatten now" button. Each header displays the number of orders in that section and, as you scroll through Today’s Trade Activity, these headers can stick together for easy navigation. There are a definitely few different fixes for this, but in today’s video we’ll be General Settings are common for all chartings, they affect visibility, snapping, and synchronization of chart elements. You are generally trying to get out with profit if the stock crashes but not out on an odd day that HOW TO CLOSE A VERTICAL PUT CREDIT SPREAD - THINKORSWIM PLATFORM Passive Investing & Automation 3. The term 'buy to close' is used when a trader is net short an option position and wants to exit that open position. Thinkorswim also has a “reverse” button that will also be a market order. Is there something simple that can be added to the strategy to close the stock position at end of day? To exit an option position in Thinkorswim, you follow the same steps, except you do the opposite entry of the initial entry (for example, if you bought the position you currently have, you would sell it to close it). How to Open & Close a Call or Put option on ThinkorSwim Mobile Stock Hours 15. 37 with the yellow triangles is your entry. It’s meant to be used if you want all out of a trade immediately and your quantity button is not the same amount as the number of shares you have. A stop can also be used to open new positions in the event of a breakout, but you'll General Settings are common for all chartings, they affect visibility, snapping, and synchronization of chart elements. I’m not sure if you can add it to the AT but if you can it would be through the gear wheel in the AT. I also show how to bring up the options chain on Jan 10, 2020 路 I am running day trading strategies which require that the stock position be closed at end of day. 50 strike price expiring on 09OCT. I wrote an eBook on Options Trading. Does the thinkorswim 94. Empower your trading decisions with detailed insights. Some things I've seen that can cause the situation you were in Working orders that won't cancel. I want to close out this option. I bought one call option (100 shares) at a strike price of 99. Is there a way to set up a "buy back" for this Iron Condor if: -price reaches $5245 or -prices reaches $5200 Due to work i don't get to see how my position These additional orders “branch” off your current working OCO order, and thinkorswim® automatically starts working on these new OCO order (s) after your current OCO order executes. We’ll be using the underlying stock price Keyboard Shortcuts In thinkorswim, you are provided with a number of default keyboard shortcuts that enable you to navigate between components or perform tasks without using a pointing device. ly/ufInC9r Watch this video to fully understand how to close a trade on the Think or Swim platform using an iPad. Picking a $ or % requires some practice. My question: is this closing the option and resulting in a profit of $153? It seems backwards. Aug 7, 2024 路 Master closing options trades like a pro! Learn when & how to exit positions to maximize gains and minimize risks. Yesterday I bought 4 calls of AMTD at . Below you will find a list of common rejection messages and ways to address them. The body of the butterfly is comprised of the two short positions combined together (the body of the butterfly) while Market on Close (MOC) orders seek to execute at the market’s official closing price. If the software thought there was another working order and the cancel message is not working. com/tos - Once you've started making option trades on the thinkorswim platform, you'll want to setup your Activity and Positions tab as efficiently as possible so you can Very basic tutorial video - simply showcasing how to buy positions on TOS mobile, and then how to sell to close your positions, specifically option contracts Learn how to trade multi-leg option strategies on thinkorswim, add a leg to thinkorswim, master multi-leg option strategies on TD Ameritrade trading platform. Here are some quick ways to exit a trade FAST in ThinkorSwim. Every once in a while it flashes to about $800, but just for a few seconds. I've been backtesting strangles to get better at adjusting and going inverted, and figuring out when I should roll and adjust or when I should simply close.