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The Ultimate Guide: Editing Saved Scans in Thinkorswim

Editing saved scans in Thinkorswim is a crucial task for traders looking to refine their technical analysis strategies and optimize their trading performance. Saved scans allow traders to quickly and easily identify stocks or other financial instruments that meet specific criteria, streamlining the process of finding potential trading opportunities.

The ability to edit saved scans provides traders with the flexibility to modify their criteria as market conditions change or as they gain new insights. By fine-tuning their scans, traders can improve their accuracy and efficiency in identifying potential trading opportunities. Moreover, editing saved scans allows traders to adapt to evolving market trends and adjust their strategies accordingly, enhancing their overall trading performance.

Master Covered Calls on Thinkorswim: A Step-by-Step Guide

A covered call is a strategy in which an investor sells (or “writes”) a call option while owning the underlying asset. This strategy is often used to generate income from the underlying asset while limiting the potential for losses. To enter a covered call on Thinkorswim, follow these steps:

Open the Thinkorswim platform and log in to your account.
Select the “Trade” tab from the top menu bar.
In the “Trade” window, select the “Options” tab.
Enter the symbol of the underlying asset you want to trade in the “Symbol” field.
Select the expiration date and strike price for the call option you want to sell.
Enter the number of contracts you want to sell in the “Quantity” field.
Click the “Sell” button to enter the covered call order.

Once you have entered the covered call order, it will be displayed in the “Positions” window. You can monitor the status of your order and make any necessary adjustments from this window.