Charles Schwab Stock Brushes Off Revenue Miss

Overall options volume is running at triple the intraday average

Fernanda Horner

Digital Content Manager

Apr 17, 2023 at 10:48 AM

SCHW

Charles Schwab Corporation (NYSE:SCHW) is among the latest financial institutions to announce first-quarter results. While the bank name's earnings of 93 cents per share beat estimates, revenue of $5.12 billion missed analysts' expectations. Higher interest rates boosted income, but declining deposits hurt SCHW as the bank sector struggled last month.

Last seen up 2.4% to trade at $52.01, Charles Schwab stock still has a long way to go before closing a series of bear gaps that pushed it to a March 13, two-year low of $45. Shares are down 38% year-to-date, and trading well below their 20-day moving average.

Overall options volume is today running at triple the intraday average, with 108,000 calls and 55,000 puts across the tape. Most popular is the May 62.50 call, where new positions are being opened.

Short-term options traders have been more put-biased than usual. This is per the stock's Schaeffer's put/call open interest ratio (SOIR), which sits in the 84th percentile of annual readings.

Follow @Schaeffers

Two High-Octane Trade Ideas. One Simple Goal: Intraday Profits.

Dynamite Day Trading Signals delivers two same-day options trades every week — powered by proprietary intraday analysis and 43+ years of trading expertise.

But this isn’t just another stream of alerts.

It’s a structured plan with clear entry and exit points – designed for traders who want to act fast, trade smart, and wrap up gains before the closing bell.

No guesswork. No overnight exposure – Just two well-researched setups per week — whether you prefer buying premium or selling it.

And the results speak for themselves: subscribers have locked in +245.8% total profit over the last six months (since inception!).

👉 Start your one-month trial now for just $10, and be ready for the next trade alert.