The New QUALCOMM - Coming Into Buy Range Message Board

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Technology Stocks : The New QUALCOMM - Coming Into Buy Range

QCOM 178.63

-1.3%

Oct 29 3:59 PM EDT

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To: Lance Bredvold who wrote (9094)	6/18/2024 7:52:35 PM
From: Elroy	of 9128

the Schwab account does not seem to offer a direct roll. Since Schwab bought TD Ameritrade they received a trading application called ThinkOrSwim. Have a look. You download the app to your PC, and log in with your Schwab login info. You can then go to their Trading tab, find the option that is near expiration that you want to roll, right click on it, and one option is to Create Rolling Order. It will take your option, and then you can modify what future date and strike you want, and estimate what you will receive or pay to buy back your short call and sell a longer dated similar call. I would practice a bit first though, with guidance from a Schwab guy. The ThinkOrSwim just takes the middle price of the two options, and calculates your expected gain or loss. If the option spreads are wide, you may not gain as much as you should if you take some time to figure out where between the spread is the actual trading price. --- I looked up your option (WMT this Fri $53.33s). There's a way to use this software to say "In one trade, buy the WMT Fri $53.33 and sell (for example) the Sep WMT $53.33 and make $XX". Unfortunately, I know how to do this when I have a position. I'm not sure how to do it with an option where I don't have a position. But I would install ThinkOrSwim, log in, then call up Schwab and ask them how to roll your Fri WMT $53.33's into a future strike. Then you can play with the various options of future dates and strikes and see what interests you.

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