Options can be used to generate income, protect a portfolio, or for trading. An option is just what the name says - a right,
but not a commitment, to buy or sell a particular asset at a specific price within a specific period of time. Generally the
underlying asset is a stock, ETF or an index.
Investment Products: • Not FDIC Insured • No Bank Guarantee • May Lose Value
Important Note: Options involve risk and are not suitable for all investors. For more information, please read the Characteristics and Risks of Standardized Options before you begin trading options. Also, there are specific risks associated with covered call writing including the risk
that the underlying stock could be sold at the exercise price when the current market value is greater than the exercise price
the call writer will receive. Moreover, there are specific risks associated with trading spreads including substantial commissions,
fees, and charges because it involves at least twice the number of contracts as a long or short position and because spreads
are almost invariably closed out prior to expiration. Because of the importance of tax considerations to all options transactions,
the investor considering options should consult his/her tax adviser as to how taxes affect the outcome of each options strategy.
Options investors may lose the entire amount of their investment in a relatively short period of time.
E*TRADE credits and offers may be subject to U.S. withholding taxes and reporting at retail value. Taxes related to these
credits and offers are the customer's responsibility.
Offer valid for one new E*TRADE Securities Individual, Joint or Retirement account opened by 12/31/2014 and funded within 60 days of account opening with at least $10,000. Other restrictions may apply.
You will receive up to 500 free trade commissions for each stock or options trade executed within 60 days of the deposited
funds being made available for investment in the new account (excluding options contract fees). You will pay $9.99 for your
first 149 stock or options trades and $7.99 thereafter up to 500 stock or options trades (plus 75¢ per options contract).
Your account will be credited for trades within a week. Account must be funded within 60 days of account open.
Credits for cash or securities will be made based on deposits or transfers of new funds or securities from external accounts
made within 45 days of account open, as follows: $1,000,000 or more will receive $2,500, $500,000 - $999,999 will receive
$1,200; $250,000 - $499,999 will receive $600; $100,000-$249,999 will receive $300; $25,000-$99,999 will receive $200. Your
account will be credited within one week of the close of the 45-day window.
You will not receive cash compensation for any unused free trade commissions. Excludes current E*TRADE Financial Corporation
associates, and non-U.S. residents. This offer is not valid for Unincorporated Organization or E*TRADE Bank accounts. New
funds or securities must remain in the account (minus any trading losses) for a minimum of six months or the credit may be
surrendered. One promotion per customer. E*TRADE Securities reserves the right to terminate this offer at any time. Consult
your tax professional regarding limits on depositing and rolling over qualified assets.
Commissions for stock and options trades are $9.99 with a 75¢ fee per options contract. To qualify for $7.99 commissions
for stock and options trades and a 75¢ fee per options contract, you must execute at least 150 stock or options trades per
quarter. To continue receiving $7.99 stock and options trades and a 75¢ fee per options contract, you must execute 150 stock
or options trades by the end of the following quarter.
The content provided by E*TRADE Securities are for educational purposes only. This information neither is, nor should be construed,
as an offer, or a solicitation of an offer, to buy or sell securities by E*TRADE Securities or its affiliates.
The material is being provided to you for educational purposes only. The content has been written by and will be presented
by a third party not affiliated with E*TRADE Financial Corporation or any of its affiliates. E*TRADE Financial Corporation
and its affiliates are not responsible for the content. Neither E*TRADE Financial Corporation nor any of its affiliates is
affiliated with the third party providing this content.
No information presented constitutes a recommendation by E*TRADE Financial or its affiliates to buy, sell or hold any
security, financial product or instrument discussed therein or to engage in any specific investment strategy.
The E*TRADE Pro trading platform is available at no additional charge to Pro Elite active trader customers who execute at
least 30 stock or options trades during a calendar quarter. To continue receiving access to this platform, you must execute at least 30 stock or options trades by the end of the following
Trades received outside normal market hours will be entered the next business day.