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

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.

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

(0623-3DUE)

[El-matador]

This is the best Options training I have seen to date. Thank you...

[terrya]

These are the best explanations of options on youtube.

[nikkiring]

Thank you for explaining how to read the position of the option (around the 31-minute mark). That is the most confusing thing I've ever seen until you walked through each column!!

[michaelwright]

I can only agree with the other comments on this video, and that is, it is truly the best video on option trading on youtube, or anywhere else. It is second to None. Thank You!

[su-megalotto]

James....Thank you for a very insightful video on using Think or Swim in making a Covered Call. I am new to Think or Swim and Options trading. Also, I like the enthusiasm you brought to the video.

[mateor]

I'll second all the positive comments - this is an excellent tutorial! Graphics were spot-on and overall was able to get this on the first go-around. Thank you sir!

[batk]

Thank you. He made this easy to understand.

[anthonybavry]

Very nice explanation on covered calls for beginners. Thanks,

[jacobbrnnum]

Hi - where can I find all the former youtube video on the Collars & Syntetic playlist from TD Ameritrade with James Boyd ? (it has disappeared from youtube)

[speedwayman]

Thanks for this great video john, so when the call seller decides to buy the call back, i'm assuming the initial call buyer gets screwed ? Does he benefit in any way if that happened?

[meetvaleryandsons]

Do you need to change the Spread from single to covered call?

[JS-pffv]

i enjoyed the lesson, but was confused at the end with the covered call. having to do with why the seller would by a contract back. are you saying that no buyer has purchased the contract or that the buyer of the contract has not yer exercised the option?
if the latter, i am confused as to why the buyer would allow the buyback seeing that if the trader exercised the option at that point they would make much more.
any help is appreciated.

[dc-wpoc]

Still cloudy on the last example. Will the stock be assigned at the moment the price reaches the strike price or will assignment occur at expiration?

[mxxgexf]

hello sir how long I can allowed to hold future contract . Can I allowed to do future contract of Microsoft, Tesla and Amazon or not. please tell me the expiry date of future contract

[jamesesparks]

Very confusing not enough explanation. You need to be thorough on all of it.