Big Weekend Update: What's New on thinkorswim Desktop? | Getting Started with thinkorswim®

About this Video

• Video Title: Big Weekend Update: What's New on thinkorswim Desktop? | Getting Started with thinkorswim®
• Channel: Trader Talks: Schwab Coaching Webcasts
• Speakers: Cameron May, Kevin Horner (mentioned)
• Duration: 00:39:16

Introduction

This video provides a live demonstration of new features and enhancements to the thinkorswim desktop platform. Cameron May, a senior manager of trading and derivatives education at Schwab, walks viewers through several updates, explaining existing functionalities and demonstrating the improvements.

Key Takeaways

• Customizable Columns Enhanced: Two new columns ("Cost" and "Total Cost") have been added to the monitor tab for tracking positions, improving portfolio analysis. The "Total Cost" column now includes proper formatting (dollar signs, commas).
• Futures Contract Display Improved: The display of futures contracts in the options chain has been updated to show clearer date formatting (e.g., "11th of June 2025").
• Risk Profile Tool Enhanced: The "Analyze" tool's risk profile now allows for more customizable slices, enabling users to manually add and adjust price levels to better analyze potential profit and loss at various hypothetical prices. It also offers an "SPX Beta Test" option, projecting performance based on the S&P 500's historical relationship with the stock.
• Custom Column Sets: Users can now save custom column sets for different watchlists, allowing for personalized views tailored to specific trading strategies or asset types. This consistency extends to other areas of the platform where custom columns are supported.
• Chart Linking and Alerts: The linking tool for connecting watchlists to charts now displays symbols next to links for better visibility. A new "add OCO condition" allows users to create alerts triggered by a price reaching or exceeding specific thresholds (above or below target prices). An alert also warns users if their operating system is no longer supported.