The knowledge and tools to help power your options trading.

$0.75 Per Contract. $8.95 Options Commission.

Open an account today and get 50 commission free trades**.

Call our Options Specialists. 1-800-229-5918

Choose your level:

I've made some basic trades but I want to learn more

If you trade options - or you're thinking about it - you'll not only get the tools to make the trade at Schwab but you'll also get the education and insight to use them. Because we believe smarter traders make smarter trades.

Options carry a high level of risk and are not suitable for all investors. Certain requirements must be met to trade options through Schwab. Multiple-leg options strategies will involve multiple commissions. With long options, investors may lose 100% of the principle invested. Covered calls provide downside protection only to the extent of the premium received and limit upside potential to the strike price plus premium received. Spread trading may only be done in margin accounts. Please read the Options Disclosure Document entitled "Characteristics and Risks of Standardized Options" before considering any options transaction.

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Strategy testing past performance data should not be construed as indicative of future results.

The Trailing Stop feature should not be confused with the Stop order (order type). All alerts with Trailing Stops or other conditional orders will be entered as a Market or Limit order types (same day only).

Restrictions apply: The $8.95 flat commission does not apply to foreign stock transactions, large block transactions requiring special handling, employer negotiated commission schedules applicable to equity compensation transactions, or restricted stock transactions. Foreign ordinary shares that trade online in the U.S. over-the-counter (OTC) market and do not settle in the U.S. will have a $50 foreign transaction fee added to the cost of the transaction. All broker-assisted and automated phone trades are subject to service charges. A minimum deposit of $1,000 is required to open most Schwab brokerage accounts. Waivers may apply. See the Charles Schwab Pricing Guide for details. Employee equity compensation transactions are subject to separate commission schedules.

*250 free trades expire 90 days after account approval. Applies to base online equity, ETF and option commissions only. Option per-contract fees still apply. To qualify, you must commit to making a minimum of 36 online equity or options trades per year and deposit $100,000. Other commission-free trade offers may be available if you deposit less than $100,000 -- call 888-245-6864 for terms. Free trades will be assigned at account opening. Account and assets deposited must be new to Schwab. Current Schwab clients and households are not eligible. Please see the Charles Schwab Pricing Guide for detailed information. Offer valid until 12/31/2010. Offer is nontransferable, limited to one per household, and may not be combined with other offers. Accounts ineligible for this offer include, without limitation: 401(k), 403(b), Custodial, 529 Plan and Estate accounts. Unlisted foreign ordinary stocks are not eligible for this offer. Only trades placed through Schwab.com, StreetSmart Pro®, StreetSmart.com®, or Schwab Wireless are eligible for free trades. No credit will be given for unexecuted trades. Domestic, nonprofessional accounts only. Schwab, Schwab-affiliated, broker-dealer and exchange employees are not eligible. Other exceptions may apply. Schwab reserves the right to restrict this offer at any time.