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Investment value will fluctuate, and shares, when redeemed, may be worth more or less than original cost.
Options carry a high level of risk and are not suitable for all investors. Certain requirements must be met to trade options through Schwab. Please read the options disclosure document titled "Characteristics and Risks of standardized Options."
With long options, investors may lose 100% of funds invested. Multiple leg options strategies will involve multiple commissions. Spread trading must be done in a margin account. Covered calls provide downside protection only to the extent of the premium received and limited upside potential to the strike price plus premium received. Writing uncovered options involves potentially unlimited risk.