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In this video tutorial, the focus is on putting an option contract on the price chart for tracking its movement over time. Similar to stocks and ETFs, technical analysis is done by looking at the chart. The process starts by accessing the trade tab in thinkorswim and reviewing the option chain. It is important to ensure that the symbol link is set to the same color in both the trade and chart tabs for synchronization with the watchlist. This allows for a streamlined analysis and monitoring of the option contract, in this case, for the stock symbol SPY.