Last update: July 2021
Coach T. is back with the Options 101 series. In this installment, he shows the team how to manage a credit spread. He also discusses the differences between manual and automated management techniques and shows how to set up a contingency in ThinkOrSwim.
Tackle Trading Tutorials on Thinkorswim
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Thinkorswim Tutorials [Free Videos]
Thinkorswim (TOS) Tutorial: How to place the entry order in a Short Stock position
In this Thinkorswim video tutorial, Coach Matt teaches how to place the entry order on a short stock position.
Thinkorswim (TOS) Tutorial: How to determine the Market Maker Move (MMM) for earnings gaps
In this video tutorial, you will learn how to determine the Market Maker Move (MMM) for earnings gaps in Thinkorswim.
Thinkorswim (TOS) Tutorial: How to display multiple charts in the same window
In this video tutorial, you will learn how to adjust Thinkorswim (TOS) to show multiple charts in the same window.
Thinkorswim (TOS) Tutorial: How to place a contingency order for a long put option with a stop loss
In this Thinkorswim (TOS) video tutorial, join Coach D. to learn how to place a contingency order for a long put option with a stop loss the right way.
Thinkorswim (TOS) Tutorial: Thinkorswim interface walkthrough and basic platform setup
In this Thinkorswim (TOS) tutorial video, Coach Matt Justice does an interface walkthrough and basic platform setup to show new traders how this powerful trading platform works.
Thinkorswim (TOS) Tutorial: How to increase the font size and memory in Thinkorswim
In this video tutorial, Coach G shows how to increase font size and memory to make navigating and performance of Thikorswim Platform (TOS) much easier and better.
Thinkorswim (TOS) Tutorial: How to set up the Monitor Tab in Thinkorswim
In this video tutorial, Coach Gino Poore shows how to setup the monitor tab in Thinkorswim (TOS) by adding trade price, Delta, and Theta to your trading positions.
Thinkorswim (TOS) Tutorial: Memory Cleanup
In this tutorial, Coach Gino Poore shares another trick for using the Thinkorswim (TOS) platform to help speed up the data.
Thinkorswim (TOS) Tutorial: How to set up a Debit Condor (DebiCon) in Thinkorswim
In this video tutorial, you will learn how to set up a Debit Condor (DebiCon) in Thinkorswim (TOS).
Thinkorswim (TOS) Tutorial: How to adjust the Risk Graph for Theta in Thinkorswim
In this video tutorial, Coach Matt takes a look at how to adjust the Risk Graph for Theta (measuring Time Decay) using in Thinkorswim (TOS) trading platform.
Thinkorswim (TOS) Tutorial: How to link all tabs and pages and save time in Thinkorswim
In this video tutorial, Coach G shows shares a great time saver technique on how to link all your tabs and pages in the Thinkorswim (TOS) platform.
Thinkorswim (TOS) Tutorial: How to set an Option Limit Order and Stock Trigger
Coach G. shows you how to enter an option with a limit order when the stock triggers an entry price.
Forex Trading 101: Order Entry (Thinkorswim Tutorial)
Coach Matt takes a look at how to enter into a forex trade using Thinkorswim or MT4.
Thinkorswim (TOS) Tutorial: How to set up a Customized Contingent Bracket Order (OCO) – Part 1 of 3
In this tutorial video (Part 1), Coach Gino Poore shows how to set up a “customized” bracket order he built in Thinkorswim (TOS).
Thinkorswim (TOS) Tutorial: How to set up a Customized Contingent Bracket Order (OCO) – Part 2 of 3
In this tutorial video (Part 2), Coach Gino Poore shows how to set up a “customized” bracket order he built in Thinkorswim (TOS).
Thinkorswim (TOS) Tutorial: How to set up a Customized Contingent Bracket Order (OCO) – Part 3 of 3
In this tutorial video (Part 3), Coach Gino Poore shows how to set up a “customized” bracket order he built in Thinkorswim (TOS).
Thinkorswim (TOS) Tutorial: Adding ATR and Expected Move to Chart corner
In this Thinkorswim Tutorial, Coach Gino Poore teaches you how to add ATR and Expected Move to Chart corner.
Thinkorswim (TOS) Tutorial: How to Set Up and Manage Alerts in Thinkorswim
In this video tutorial, Coach G. shares another useful tip on setting up and managing alerts using Thinkorswim (TOS).
Thinkorswim (TOS) Tutorial: How to Add Probability Cones to Charts in Thinkorswim
In this video tutorial, Coach Gino shows how to add the Probability Cones to your Thinkorswim (TOS) charts to project price ranges going forward.
Forex Trading 101: Charting the US Dollar (Thinkorswim Tutorial)
In this Forex Trading 101 Thinkorswim tutorial video, Coach T talks about how to chart the US Dollar against the major cross-pairs using the famous TOS trading platform.
Morning Mailbag: How to calculate PIP Risk in Thinkorswim (TOS Tutorial)
Coach T is back to answer a question on how to calculate PIP Risk on a Forex trade in Thinkorswim (TOS).
Morning Mailbag: How to set a Stop Loss in Thinkorswim (TOS)
In this video tutorial, Coach T teaches how to set a stop loss on positions you already have in Thinkorswim (TOS).
Morning Mailbag: How to control risk in a Credit Spread in Thinkorswim (TOS)
In this edition, Coach T answers a question regarding the risk management of a credit spread in Thinkorswim (TOS).
Options 101: Managing Credit Spreads (Thinkorswim Tutorial)
In this tutorial video, Coach T shows how to manage a credit spread and how to set up a contingency in ThinkOrSwim.
Thinkorswim (TOS) Tutorial: How to use the Monitor Tab in Thinkorswim
In this video tutorial, Coach Tim from Tackle Trading shows how to use the Monitor Tab in Thinkorswim.
Options 101: Risk Graph Basics (Thinkorswim Tutorial)
In this Thinkorswim tutorial video, Coach T walks the team through how to use the risk graph for options trading.
Options 101: How to set Basic Stops on Naked Puts and Covered Calls
In this video tutorial, Coach T walks the team through how to set a basic stop on a covered call or naked put position.
Thinkorswim (TOS) Tutorial: How to Beta Weight and Portfolio Hedge in Thinkorswim
In this video tutorial, Coach Tim teaches how to Beta Weight and Portfolio Hedge in Thinkorswim (TOS).
Thinkorswim (TOS) Tutorial: How to use the Monitor Tab in Thinkorswim
In this video tutorial, Coach Tim from Tackle Trading shows how to use the Monitor Tab in Thinkorswim.
Thinkorswim (TOS) Tutorial: How to add ATR and Implied Volatility overlapped on a chart in Thinkorswim
In this video, you’ll learn how to stack Implied Volatility (IV) and ATR (Average True Range) in the same indicator window in Thinkorswim software platform.
Thinkorswim (TOS) Tutorial: Thinkorswim for Beginners Video Collection
In this article, you are going to find a collection of Thinkorswim (TOS) basic video tutorials by Coach Tim Justice.
Thinkorswim (TOS) Tutorial: Managing Stock Trades in Thinkorswim
In this tutorial video, Coach T teaches how to manage stock trades in Thinkorswim (TOS).
Thinkorswim (TOS) Tutorial: How to set up My Tools Bar in Thinkorswim
In this video tutorial, Guest Coach Brad May pulled together this how-to video about setting up a My Tools Bar on Thinkorswim.
Thinkorswim (TOS) Tutorial: How to place an Order Entry on a Credit Spread in Thinkorswim
In this Thinkorswim video tutorial, you will learn how to input the entry, target, and stop-loss and when exactly you would use the “Limit Linked To” feature.
Tales of a Technician: How to use the Thinkorswim Market Maker Move Tool
In this article, you are going to learn how to use the Thinkorswim Market Maker Move Tool.
Thinkorswim (TOS) Tutorial: How to place a Short Strangle order in TOS
In this video tutorial, Coach Noah Davidson walks through how to place a Short Strangle order in Thinkorswim (TOS).
Options Theory: How to enter Covered Calls in ThinkorSwim with Contingent Orders
Here’s a step-by-step guide on how to enter covered calls in ThinkorSwim with contingent orders.
Options Theory: Bear Put Spreads
Come learn the basics of a bear put spread and how to build it in Thinkorswim (TOS).
Options Theory: Iron Condors
Come learn the basics of an iron condor spread and how to build it in ThinkorSwim.
Options Theory: How to use ThinkorSwim Analyze Tab
Today’s video walks through how to use the risk graph and other features of ThinkorSwim Analyze tab.
Tackle Today: Small Caps, Big Discount
If earnings hold up, small caps offer an attractive valuation.
Tales of a Technician: How I Use Fibonacci Retracements
Come learn how to use the fascinating Fibonacci Retracement tool.
Options Trading for Beginners
Continue learning the basics of Options trading with this additional freemium content from Tackle Trading.
Options 101 [Free Content]
Access more free high-quality articles to improve your knowledge of Options Trading.
Options for Beginners: Meet a Popular Greek Named “Delta”
In this article, Gino Poore delivers a great lesson on understanding and using the Delta of an option.
How to add Insurance to your Portfolio
In this video tutorial, Coach Matt takes a look at different ways to protect your portfolio accounts when the market goes south.
Options 101: Getting Started
The goal of this Options 101 series is to educate you as a trader and help you develop the right perspective on how to use options in your business.
Options 101: Expiration, Strikes, and Basics
Learn the basics on what is an option, options expirations, call and put options and also strike prices.
Options 101: Bid/Ask, Open Interest and Volume
In this Options 101 article, we will look at the Bid/Ask spread, open interest, volume, and how these characteristics affect a trader’s decision-making.
Options 101: The Language of Options
In this article, we’ll dive into some of the language and definitions you’ll hear as an options trader.
Options 101: Naked Put Basics video
In this video edition of the series, Coach T examines the basics of the Naked Put strategy.
Options 101: Managing Credit Spreads (Thinkorswim Tutorial)
In this tutorial video, Coach T shows how to manage a credit spread and how to set up a contingency in ThinkOrSwim.
Options 101: Bull Put Spread Research
In this video, Coach Tim walks you through how to find candidates for bull put spreads.
Options 101: Risk Graph Basics (Thinkorswim Tutorial)
In this Thinkorswim tutorial video, Coach T walks the team through how to use the risk graph for options trading.
Options 101: How to set Basic Stops on Naked Puts and Covered Calls
In this video tutorial, Coach T walks the team through how to set a basic stop on a covered call or naked put position.
How to Protect Your Retirement
Coach Matt from Tackle Trading looks at how passive and active investors can insure their retirements against another potential market crash like in the sub-prime crisis of 2008-09.
How to use the Theta Research Tool to find the best stocks for Cash Flow
In this video tutorial, Coach Matt goes through the latest edition of the Options Research Spreadsheet explaining how to use it to find the best stocks to cash flow.
Options 101: How to Add a Protective Put to A Covered Call
In this video, Tackle Trading’s Coach Tim explains when, how, and why a trader would buy a put option on a covered call position.
Tales of a Technician: Quell your Unfounded Assignment Fears
The assignment hobgoblin has been haunting the dreams of novice traders since the dawn of the options market.
Options 101: How to protect against earnings risk
In this video, Coach Matt shows new traders how to protect against the earnings risk and still cash flow with the covered call.
Trade Journal Series: How to use the Theta Research to find Covered Call candidates
In this video tutorial, Coach Tim Justice teaches how to find the best candidates to trade the Covered Call options strategy using the Theta Research tool.
Tales of a Technician: Delta Limits
“On Delta trading, what would be a reasonable delta limit for my portfolio?” Let’s hop to it.
Women In Trading: Options – My new love language
Let us talk options basics. Let me try to help you make sense of it all.
Options Theory: Long Calls
The long call is a seductive chap. Today kicks off the first in a multi-part series on options strategies.
Options Theory: Naked Put Basics
Today we turn to a popular cash flow strategy: the Naked Put. Come learn the basics.
Options Theory: The Protective Put
The options realm is an insurance marketplace where stock owners can acquire protection against loss in their beloved equities.
Options Theory: Delta, the Great Equalizer
I love the options greeks for many reasons. One will be on full display today. Delta is a multi-faceted metric used by traders a variety of ways. Perhaps one of my favorites is to use it as an equalizer.
Options Greeks Guide Part 2: What Is The Black-Scholes Model
What is the Black-Scholes Model and how to use it in your trading? This is what this video will cover.
Options Greeks Guide Part 3: What Is Delta
Delta is the most famous options Greek. Come learn what Delta is and how it can help you become a better trader.
Options Greeks Guide Part 4: What Is Theta
To professional traders, Theta means CASH FLOW and PASSIVE INCOME. Come learn more about this powerful option Greek and how it can benefit your trading skills.
Options Greeks Guide Part 5: What Is Vega
How does Vega work? What is the correlation between Vega and volatility? How does it affect options premium? That is what you will learn in this video.
Options Greeks Guide Part 6: What Is Gamma
What is the correlation between Gamma and Delta and how does that impact your trading business? Learn more about this underrated option Greek in this video.
Options Greeks Guide Part 7: What Is Rho
What is Rho? How does Rho affect options premium? This is what you will learn in the latest episode of this Options Greeks video series.
Options Theory: What is Implied Volatility Rank?
In this week’s video, I’ll show you how to understand Implied Volatility (IV) and Implied Volatility Rank (IV Rank).
Tackle Today: Call Options
Call Options is all about leverage and limited liability. Read further.
Tackle Today: Options Greeks Webinar
Mark your calendars for Monday, Feb 28th. On our YouTube Channel at 8:30 PM EST, I’ll be hosting a webinar titled Options Greeks for Beginners.
Tackle Today: Delta is for Direction
Delta might be the most fascinating Greek for the simple fact that it is multi-dimensional.
Tackle Today: Delta Brings Precision to Probability
Delta measures the probability of an option expiring in-the-money.
Tackle Today: Theta & Time Decay
Theta measures how much an option loses in value per day.
Tackle Today: Vega & Volatility
Volatility plays a significant role in options pricing. Read further.
Tackle Today: Gamma & Velocity
As a final message to prepare you to tonight’s webinar, let’s talk about option greek gamma.
The Options Heuristic Series [Free Content]
How can we explain the basics of Options so that our students can really learn, without getting confused with so many concepts, terminologies, and strategies? That’s the idea behind the series.
Options Greeks Guide [Free Content]
The Options Greek Guide is a simple, powerful resource to help you better understand how to use the Greek’s.
As you build, enter, and manage Options Trades, it’s helpful to understand the math behind the Black Scholes Option Pricing Model. Using the Options Greek Guide will give you the information and training on how time, volatility and asset price changes impact options values.
Options Greeks Guide Part 1: What Are Options Greeks
What are the Options Greeks and how can you utilize them in your trading routine in order to perform better in the market? This is what you will be learning in this video series.
Options Greeks Guide Part 2: What Is The Black-Scholes Model
What is the Black-Scholes Model and how to use it in your trading? This is what this video will cover.
Options Greeks Guide Part 3: What Is Delta
Delta is the most famous options Greek. Come learn what Delta is and how it can help you become a better trader.
Options Greeks Guide Part 4: What Is Theta
To professional traders, Theta means CASH FLOW and PASSIVE INCOME. Come learn more about this powerful option Greek and how it can benefit your trading skills.
Options Greeks Guide Part 5: What Is Vega
How does Vega work? What is the correlation between Vega and volatility? How does it affect options premium? That is what you will learn in this video.
Options Greeks Guide Part 6: What Is Gamma
What is the correlation between Gamma and Delta and how does that impact your trading business? Learn more about this underrated option Greek in this video.
Options Greeks Guide Part 7: What Is Rho
What is Rho? How does Rho affect options premium? This is what you will learn in the latest episode of this Options Greeks video series.
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9 Replies to “Options 101: Managing Credit Spreads (Thinkorswim Tutorial)”
LOVE IT!!!!! Thanks Tim
Great video, and great explanations!! Thanks Tim!
this video really has a lot of great information
Great post Tim. I am still confused about exits like rolling out a naked position and closing spreads early, a leg at a time. I sure would love to hear from you on these points. Thanks!
I can try to get another video up in the next week or so. Thanks for the requests Mack!
Thank you so much for your clear, concise information that you present! ~Skye
Hi Tim,
I cannot find any video for entering Covered calls or naked puts. Can you please post some? I remember seeing one last week but could not find it anymore.
Thanks and talk to you tonight.
Kate
Hi Kate,
Here’s the Naked Put video:
https://tackletrading.com/options-101-naked-put-basics-video/
Hi Tim, Thanks for this video. It has been two weeks since the 3 days seminar in Houston and have learned a lot since then. I watched Jim Francis’ videos that Matt gave us and placed a sample credit spreads as a practice as per his recommendation. Your video helped understand about the contingency orders, setting the alerts and also managed it not as a market order. It is really helpful. Appreciate it.
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