Charles Schwab Stock Hits Record High on Upbeat Results

Group 1 - Charles Schwab Corp (NYSE:SCHW) is trading at record highs, up 4.6% at $97.50 following better-than-expected second-quarter results [1] - Earnings per share were $1.14, exceeding estimates of $1.09, while revenue reached a record $5.85 billion, surpassing estimates of $5.73 billion [1] - The company opened over 1 million new brokerage accounts this quarter, gathering $80.3 billion in new core assets [1] Group 2 - SCHW has seen a 31% year-to-date increase, supported by the 40-day moving average [2] - Options trading activity is high, with 21,000 calls and 13,000 puts exchanged, which is 8 times the typical volume [2] - The most popular options contract is the July 95 put, with new positions being bought to open [2] Group 3 - The stock has a Schaeffer's Volatility Scorecard (SVS) of 84 out of 100, indicating it has tended to outperform volatility expectations [3]