SCHW options flow: unusual options activity in Schwab Charles Corp.
Updated 28 September 2026, 09:54 ET
Over the last week the tape recorded 144 unusual options prints in Schwab Charles Corp. (SCHW), $10.5M of tracked premium, leaning firmly bearish. Bullish premium was $2.7M against $6.9M bearish; $5.0M went into calls and $5.5M into puts, a put call ratio of 1.10. The largest print was $1.4M of SCHW 17 Sep 2027 $90 puts on 22 September 2026, executed at ask. The last session with prints, 28 September 2026, added 1 print and $32K of premium. SCHW closed at $99.03 on 25 September 2026, down 0.5%.
This week's unusual flow
Prints from 21 September 2026 to 28 September 2026, 6 sessions. Delayed tier: every print is shown twenty minutes after it executed, and the page is rebuilt after each session.
Net premium is bullish minus bearish premium. The put call ratio is put premium divided by call premium, weighted by money rather than by contract count. Sweeps is the share of prints executed across several exchanges at once. Read the guide: Reading the Pulse.
Largest prints of the week
| Date | Contract | Type | Size | Open int. | Premium | Execution | Sentiment | Tier |
|---|---|---|---|---|---|---|---|---|
| 22 Sep 2026 | SCHW 17 Sep 2027 $90 puts | Trade | 2,500 | 96 | $1.4M | At ask | Bearish | Whale |
| 23 Sep 2026 | SCHW 15 Jan 2027 $95 puts | Trade | 2,000 | 3,096 | $686K | At ask | Bearish | Notable |
| 23 Sep 2026 | SCHW 15 Jan 2027 $95 puts | Trade | 1,600 | 3,096 | $552K | At bid | Bullish | Notable |
| 24 Sep 2026 | SCHW 16 Oct 2026 $99 calls | Trade | 799 | 7 | $268K | At ask | Bullish | High conviction |
| 22 Sep 2026 | SCHW 16 Oct 2026 $95 puts | Sweep | 2,000 | 1,177 | $244K | At bid | Bullish | High conviction |
| 22 Sep 2026 | SCHW 20 Nov 2026 $110 calls | Sweep | 1,355 | 1,334 | $211K | At bid | Bearish | High conviction |
| 23 Sep 2026 | SCHW 15 Jan 2027 $105 calls | Sweep | 410 | 7,253 | $182K | At ask | Bullish | Notable |
| 22 Sep 2026 | SCHW 16 Oct 2026 $100 puts | Sweep | 528 | 7,088 | $166K | At ask | Bearish | Notable |
| 24 Sep 2026 | SCHW 19 Mar 2027 $105 calls | Trade | 300 | 1,094 | $165K | At bid | Bearish | |
| 21 Sep 2026 | SCHW 15 Dec 2028 $77.50 calls | Sweep | 32 | 173 | $126K | At bid | Bearish | Notable |
| 21 Sep 2026 | SCHW 15 Dec 2028 $77.50 calls | Sweep | 32 | 173 | $126K | At bid | Bearish | Notable |
| 21 Sep 2026 | SCHW 15 Dec 2028 $77.50 calls | Trade | 30 | 173 | $119K | At bid | Bearish |
Size above open interest means the trade opened a position larger than everything that existed in the contract the night before. Above ask and below bid are the most aggressive executions. Read the guide: Size versus open interest.
Where the money is aimed
| Expiry | Prints | Premium | Calls share | Net premium |
|---|---|---|---|---|
| 18 Dec 2026 | 48 | $2.2M | 59% | -$1.3M |
| 15 Jan 2027 | 12 | $2.0M | 22% | -$169K |
| 17 Sep 2027 | 4 | $1.5M | 3% | -$1.4M |
| 16 Oct 2026 | 18 | $1.3M | 35% | -$58K |
| 15 Dec 2028 | 22 | $1.2M | 100% | -$748K |
| 21 Jan 2028 | 13 | $767K | 59% | +$134K |
The most premium, $2.2M, is aimed at the 18 Dec 2026 expiry; the nearest expiry with unusual prints is 16 Oct 2026.
A print in a contract expiring this week is a view about the next few days, often about a known event; a print months out is a different kind of statement. Read the guide: 0DTE options flow.
The last session, 28 September 2026
| Date | Contract | Type | Size | Open int. | Premium | Execution | Sentiment | Tier |
|---|---|---|---|---|---|---|---|---|
| 28 Sep 2026 | SCHW 15 Jan 2027 $100 puts | Trade | 50 | 5,179 | $32K | At bid | Bullish |
Every print in SCHW with its full detail, the live tape, one tap filters and saved screeners: open SCHW in Options Sentiment Screener.
Price
The live quote and the price chart sit beside the ticker's flow in the app: open SCHW in Options Sentiment Screener.
Analysts
The most recent analyst targets on file, from 13 firms, have a median of $120, 21.2% above the last close. The last 90 days brought 1 downgrade.
Calls bought at a strike above the average target are a bet that the analysts are too cautious; puts far below the price in a name they like are protection or a strong disagreement. Read the guide: Reading one ticker's flow.
About Schwab Charles Corp.
- Exchange
- NYSE
- Sector
- Financials
- Industry
- Trading
- Headquarters
- SAN FRANCISCO, Texas
- Website
- schwab.com
Charles Schwab Corporation provides retail brokerage, investment advisory, banking and trust, retirement plan, and other corporate brokerage services. The Advisor Services segment offers custodial, trading, banking, and support services; and retirement business and corporate brokerage retirement services.
In the same sector
Flow pages for other Financials names in the S&P 500:
JPM JPMorgan Chase & Co.V Visa Inc.MA Mastercard Inc.BAC Bank of America Corp.MS Morgan StanleyGS Goldman Sachs Group Inc.WFC Wells Fargo & CompanyC Citigroup Inc.
Learn
- What unusual options activity means
- Reading one ticker's flow
- Sweeps, blocks and where a trade printed
- Size versus open interest
- Bullish or bearish, how a print's sentiment is inferred
- The conviction score and whale prints
The live tape for SCHW with every print's execution detail, one tap filters for calls, puts, sweeps and 0DTE, saved screeners and, for Realtime subscribers, push alerts and no delay. The same screen is in the iOS and Android apps.
Open SCHW in Options Sentiment Screener