How To Use Probability Tools In Thinkorswim: Beginner Tutorial

Learn how to use probability tools in Thinkorswim in this beginner-friendly tutorial.

I’ll walk you through the cone of probability, the implied volatility expected move from the options chain, the average true range (ATR), and the probability of in-the-money (PITM) from the options chain.

These tools can help traders better understand risk, volatility, and potential outcomes in both stocks and options trading.

Whether you’re brand new to Thinkorswim or just starting to explore its advanced features, this step-by-step guide will show you how to use probability tools to make more informed trading decisions.

📌 Topics Covered in This Video:

How to read and apply the cone of probability

Using implied volatility to estimate expected moves

Measuring stock volatility with average true range (ATR)

Understanding the probability of in-the-money for options

👉 Perfect for beginners learning Thinkorswim and traders wanting to add probability analysis to their toolkit.