SCHW Options Symbol Trading Begins with March 27th Expiration Contracts

New options trading opportunities have emerged for The Charles Schwab Corporation (ticker symbol SCHW) as March 27th expiration contracts officially became available for investors. Using advanced analytical tools to scan the complete options chain, traders can identify compelling strategies through both put and call contracts at strategic strike prices. The following analysis examines two specific positions that warrant investor consideration.

Put Contract Strategy: Building a Position Below Current Price

For those considering building a position in SCHW stock without paying the current market price of $101.78 per share, a put contract strategy offers an intriguing alternative. The put contract with a $95.00 strike price carries a current bid of 17 cents. By selling this put contract to open a position, an investor would obligate themselves to purchase SCHW shares at the $95.00 strike level, but they simultaneously collect the premium, effectively reducing their actual cost basis to $94.83 per share.

This $95.00 strike represents approximately 7% below the current trading price—meaning the contract is out-of-the-money by that margin. This distance creates a significant probability advantage: analytical models suggest there is currently a 78% chance this put contract will expire worthless. Should that occur, the 17-cent premium collected would translate into a 0.18% return on the cash commitment, or 1.31% when annualized—what options strategists refer to as the YieldBoost opportunity.

Examining SCHW’s trailing twelve-month trading history reveals how the $95.00 strike level sits relative to historical price movement, providing context for the probability calculations and expected behavior through the expiration date.

Covered Call Strategy: Capturing Upside While Generating Income

On the other side of the options chain, the call contract with a $112.00 strike price shows a current bid of 33 cents. An investor who purchases SCHW shares at today’s price of $101.78 and simultaneously sells a covered call at the $112.00 strike would lock in a predetermined upside scenario. If the stock reaches that strike price by the March 27th expiration, the position would generate a total return of 10.37%, including the collected premium.

The $112.00 strike represents approximately 10% above current market price—an out-of-the-money position with analytical models suggesting a 74% probability of expiration worthless. If that occurs, the investor retains their full stock position plus the 33-cent premium collected, providing a YieldBoost of 0.32%, or 2.37% when annualized.

Reviewing SCHW’s historical price movement over the trailing twelve months contextualizes how the $112.00 strike fits into the broader trading pattern, helping investors assess whether this income level aligns with their market expectations.

Volatility Analysis and Strategic Comparison

The put contract demonstrates an implied volatility of 33%, while the call contract shows 30% implied volatility. When compared to the actual trailing twelve-month volatility of SCHW stock—calculated at 24% based on the last 251 trading days—we can observe that the options market is pricing in expectations above the stock’s recent historical volatility.

This volatility differential is important context for understanding why these YieldBoost opportunities exist and how they might evolve as the March 27th expiration approaches. Investors considering either strategy should monitor how these metrics change over time, as they directly influence both probability of expiration and potential returns.

For a comprehensive review of additional put and call opportunities across various securities and expiration dates, detailed contract analysis and probability tracking are available through specialized options research platforms.