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Barchart
Mark R. Hake, CFA

Charles Schwab Stock Is Still Cheap - Good for Traders Shorting Its Options

SCHW Charles Schwab OTM

Charles Schwab (SCHW) stock is still trading well below what it is worth. That is good news for traders who short-sell out-of-the-money (OTM) covered calls and cash-secured puts to create extra income.

SCHW stock is at $57.83 in early trading on July 11, up $1.03. But in the last 2 weeks, the stock is up $4.66 from $53.17 where it closed on Friday, June 23. 

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