Fillable NON-IRA OPTIONS ACCOUNT UPGRADE

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NON-IRA OPTIONS ACCOUNT UPGRADE

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Page 1 of 5
NON-IRA OPTIONS ACCOUNT UPGRADE
Primary Account Holder
Mr.
Ms. Dr.
Mrs.
Name (first, middle initial, last)
Home Street Address (cannot be a P.O. box)
City, State, ZIP
Mailing Address (if different from above; P.O. box may be used)
City, State, ZIP
Country Code Home Phone Country Code Business Phone
E-mail Address (required for account updates)
Social Security Number or Tax ID Number Date of Birth (mm/dd/yyyy)
Co-Account Holder (for joint account)
Mr.
Ms. Dr.
Mrs.
Name (first, middle initial, last)
Home Street Address (cannot be a P.O. box)
City, State, ZIP
Mailing Address (if different from above; P.O. box may be used)
City, State, ZIP
Country Code Home Phone Country Code Business Phone
E-mail Address (required for account updates)
Social Security Number or Tax ID Number Date of Birth (mm/dd/yyyy)
Employment Status
Employer Specific Occupation
Business Street Address
City, State, ZIP
Are you employed by a registered broker-dealer, a securities exchange, or FINRA?
Are you an officer, director, 10% shareholder or policymaker of a publicly held company?
Do you have accounts at other brokerage firms or mutual fund companies?
Employed
Self-employed*
Retired Student Not Employed
No
Yes
No
Yes
Discount (traditional)Full CommissionNo
Yes
(you must submit a compliance letter with this application)
(specify companies)
Line of Business*(this box must be filled in for self-employed persons)
Employment Status
Employer Specific Occupation
Business Street Address
City, State, ZIP
Are you employed by a registered broker-dealer, a securities exchange, or FINRA?
Are you an officer, director, 10% shareholder or policymaker of a publicly held company?
Do you have accounts at other brokerage firms or mutual fund companies?
(specify companies)
(you must submit a compliance letter with this application)
Discount (traditional)Full CommissionNo
Yes
No
Yes
No
Yes
Employed Self-employed* Retired Student Not Employed
Line of Business*(this box must be filled in for self-employed persons)
SECURITIES INDUSTRY REGULATIONS REQUIRE THAT WE COLLECT ALL OF THE FOLLOWING INFORMATION.
1. ENTER YOUR ACCOUNT INFORMATION (PLEASE PRINT)
Need Help? Send us a secure message through www.etrade.
com or call 1-800-387-2331, 24 hours a day, 7 days a week.
E*TRADE Securities LLC
P.O. Box 484
Jersey City, NJ 07303-0484
General Fax Number: 1-866-650-0003
From Outside the US: +1-678-624-6950
Your E*TRADE Securities Brokerage Account Number
-
Please print or type. All information must be completed to
upgrade your options capability. Incomplete applications
will not be processed. If a joint account, please provide all
information requested for Co–Account Holder. You must use
a separate form for each account you are upgrading.
NON-IRA OPTIONS ACCOUNT UPGRADE
0817-OPTUP-P65277
Some content and services may not be available to non-U.S.
customers. This is not an offer to sell or a solicitation of an
offer to buy securities, products or services, by any person or
entity in any jurisdiction or country where such distribution or
use would be contrary to law or regulation.
Page 2 of 5
Options Activity
Select only one box. If no box is selected, you will be considered for Level One activity only.
Overall Investment
Objective for This Account
(choose only one)
Investment Experience Annual Income
Approximate Net
Worth (excluding
primary residence)
Approximate Liquid Net
Worth (cash, stocks, etc.)
Capital preservation
Income
Growth
Speculation
Minimize the potential for any loss of
principal.
Provide current income rather than
growth of principal.
Increase investment value over time
while accepting price fluctuations.
Assume the highest degree of risk
for potentially higher returns.
2. CREATE YOUR INVESTMENT PROFILE
3. OPTIONS TRADING APPLICATION AND AGREEMENT (ALSO COMPLETE SECTIONS 1 AND 2)
SECURITIES INDUSTRY REGULATIONS REQUIRE THAT WE COLLECT ALL OF THE FOLLOWING INFORMATION.
Excellent
Good
Limited
None
$200,000+
$100,000 -$199,999
$50,000 -$99,999
$25,000 -$49,999
$15,000 -$24,999
$0 -$14,999
$1,000,000+
$500,000 -$999,999
$200,000 -$499,999
$100,000 -$199,999
$50,000 -$99,999
$25,000 -$49,999
$15,000 -$24,999
$0 -$14,999
$1,000,000+
$500,000 -$999,999
$100,000 -$499,999
$50,000 -$99,999
$25,000 -$49,999
$0 -$24,999
Level One:
Capital Preservation / Income
NON-IRA OPTIONS ACCOUNT UPGRADE
0817-OPTUP-P65277
Covered Positions
• Covered Calls (Selling calls
against stock held long in
your account)
• Buy-Writes (Simultaneously
buying a stock and writing a
covered call)
Level Two:
Income / Growth
Level 1, Plus:
• Long Calls
• Long Puts
• Married Puts
• Covered Puts
• Collars
• Long Straddles/Strangles
•
Cash-Secured Puts
Level Three
1
:
Growth / Speculation
Level 2, Plus:
• Spreads
- Equity and Index
- Multiple Leg
- Long Calendar/Diagnol
•
Naked Puts
2
Level Four
1
:
Speculation
Level 3, Plus:
• Naked Calls
Custodial accounts will only be considered for Level One or Two activity
Level 3 and 4 accounts require you to sign the margin disclosure on page 5
Please select the source of income for this account (choose only one):
Securities
Personal Funds
Real Estate Proceeds
Income from Earnings
Insurance Proceeds
Pension/IRA/Retirement Savings
Other (Please specify)
Inheritance/Gift
Liquid Net Worth cannot exceed Total Net Worth
Some content and services may not be available to non-U.S.
customers. This is not an offer to sell or a solicitation of an
offer to buy securities, products or services, by any person
or entity in any jurisdiction or country where such
distribution or use would be contrary to law or regulation.
1. To place a naked equity call or put trade (Levels 3 and 4)
you must have margin equity of at least $2,000 in your margin
account.
2. At Levels 3 and 4, margin customers will be allowed to
enter naked short put positions. These positions will be
subject to the naked maintenance margin requirement rather
than the cash-secured requirement.
`
Page 3 of 5
NON-IRA OPTIONS ACCOUNT UPGRADE
0817-OPTUP-P65277
ANY SECTION LEFT BLANK WILL BE ASSUMED ZERO OR
NONE
Any section left blank will be assumed zero or none.
Co-Account Holder
Primary Account Holder
ANY SECTION LEFT BLANK WILL BE ASSUMED ZERO OR
NONE
$25,000+ $10,000-$24,999
$0-$9,999
$25,000+ $10,000-$24,999
$0-$9,999
Average Transaction Size
Bonds
Futures
Options
Stocks
Total Transactions per Year
yrs.
yrs.
yrs.
yrs.
Years of Experience
Options Trading Experience
ExcellentLimited
Good
None
Options Investment Knowledge
42
3
1
Other
Number of Dependents (including self)
DivorcedMarried
Widowed
Single
Marital Status
Marital Status
DivorcedSingle
Widowed
Married
Number of Dependents (including self)
42
3
1
Other
Options Investment Knowledge
ExcellentLimited
Good
None
Options Trading Experience
Years of Experience
Futures:
Bonds: Stocks:
Options: Futures:
Bonds:
Options:
Stocks:
yrs.
yrs.
yrs.
yrs.
Total Transactions per Year
Stocks
Options
Futures
Bonds
Average Transaction Size
75+
25-74
15-24
10-14
0-9
75+
25-74
15-24
10-14
0-9
75+
25-74
15-24
10-14
0-9
75+
25-74
15-24
10-14
0-9
75+
25-74
15-24
10-14
0-9
75+
25-74
15-24
10-14
0-9
75+
25-74
15-24
10-14
0-9
75+
25-74
15-24
10-14
0-9
Spreads Uncovered Calls Uncovered puts Purchases
Covered puts Covered Calls None
Spreads Uncovered Calls Uncovered puts Purchases
Covered puts Covered Calls None
Page 4 of 5
Read and sign below to apply to trade options.
Special Statement for Uncovered Options Writers
Note: As a reminder, customers requesting Level 3 or 4 upgrade for non-IRA accounts will need to sign the margin disclosure
statement on the following page
NON-IRA OPTIONS ACCOUNT UPGRADE
0817-OPTUP-P65277
There are special risks associated with uncovered options writing which expose the investor to potentially significant loss. Therefore, this
type of strategy may not be suitable for all customers approved for options transactions.
• The potential loss of uncovered call writing is unlimited. The writer of an uncovered call is in an extremely risky position, and may incur
large losses if the value of the underlying instrument increases above the exercise price.
• As with writing uncovered calls, the risk of writing uncovered put options is substantial. The writer of an uncovered put option bears a
risk of loss if the value of the underlying instrument declines below the exercise price. Such loss could be substantial if there is a
significant decline in the value of the underlying instrument.
• Uncovered options writing is thus suitable only for the knowledgeable investor who understands the risks, has the financial capacity and
willingness to incur potentially substantial losses, and has sufficient liquid assets to meet applicable margin requirements. In this regard,
if the value of the underlying instrument moves against an uncovered writer’s options position, the investor’s broker may request
significant additional margin payments. If an investor does not make such margin payments, the broker may liquidate stock or options
positions in the investor’s account with little or no prior notice and without regard to the investor's tax or other considerations in
accordance with this Margin Disclosure Statement and the E*TRADE Securities Customer Agreement.
• For combination writing, where the investor writes both a put and a call on the same underlying instrument, the potential risk is unlimited.
• If a secondary market in options were to become unavailable, investors could not engage in closing transactions, and an options writer
would remain obligated until expiration or assignment.
• The writer of an American-style option is subject to being assigned an exercise at any time after the writer has written the option until the
option expires. By contrast, the writer of a European-style option is subject to exercise assignment only during the exercise period.
It is expected that investors using uncovered options writing read the Characteristics and Risks of Standardized Options booklet, which has
been provided to you and can be found at www.etrade.com/optionsagree. In particular, please direct your attention to the chapter entitled
Principal Risks of Options Positions. This statement is not intended to enumerate all of the risk entailed in writing uncovered options.
I agree not to enter into any options transactions until I have received, read, and understood the disclosure document entitled
Characteristics and Risks of Standardized Options, which can be found at www.etrade.com/optionsagree.
We will send you an alert once your application has been received, this alert includes a link to this document.
I am aware of the special risks and obligations of options trading. I have read, understood, and agree to be bound by the E*TRADE
Securities options trading terms and conditions outlined in the E*TRADE Securities Customer Agreement, which can be found at
www.etrade.com/custagree. I also agree that I am bound by it as it is currently in effect and as it is amended from time to time.
I UNDERSTAND THAT THIS ACCOUNT IS GOVERNED BY A PREDISPUTE ARBITRATION CLAUSE. I ACKNOWLEDGE THAT I
HAVE RECEIVED AND READ A COPY OF THE E*TRADE CUSTOMER AGREEMENT WHICH CONTAINS A PRE-DISPUTE
ARBITRATION AGREEMENT AT SECTION 12 (AVAILABLE UPON REQUEST BY CALLING 1-800-ETRADE-1).
Signature of Primary Account Holder
Signature of Co-Account Holder
For E*TRADE Securities Use Only
I have received this application and believe the account is suitable for:
Options Level One Options Level Two
Options Level Three
Options Level Four
Approval Date
Date
Printed Name
Date
Printed Name
Page 5 of 5
Margin Disclosure Statement. E*TRADE Securities LLC is furnishing this statement to you to provide some basic facts about
purchasing securities on margin and to alert you to the risks involved with trading securities in a margin account. Before trading
stocks in a margin account, you should carefully review the the Margin Disclosure Statement and the E*TRADE Securities
Customer Agreement. Contact E*TRADE Securities regarding any questions or concerns you may have with your margin account(s).
When you purchase securities, you may pay for the securities in full or you may borrow part of the purchase price from your brokerage
firm. If you choose to borrow funds from your firm, you will open a margin account with the firm. The securities purchased are the firm’s
collateral for the loan to you. If the securities in your account decline in value, so does the value of the collateral supporting your loan,
and as a result the firm can take action, such as issue a margin call and/or sell securities in your account, to maintain the required
equity in the account.
It is important that you fully understand the risks involved in trading securities on margin. These risks include the following.
You can lose more funds than you deposit in the margin account. A decline in the value of securities that are purchased on
margin may require you to provide additional funds to the firm.
The firm can force the sale of securities in your account. If the equity in your account falls below the maintenance margin
requirements under the law or the firm’s higher “house” requirements, the firm can sell the securities in your account to cover the
margin deficiency. You will be responsible for any shortfall in the account after such a sale.
The firm can sell your securities without contacting you. Some investors mistakenly believe that a firm must contact them for a
margin call to be valid and that the firm cannot liquidate securities in their accounts to meet the call unless the firm has contacted them
first. This is not the case. Most firms will attempt to notify their customers of margin calls, but they are not required to do so. However,
even if a firm has contacted a customer and provided a specific date by which the customer can meet a margin call, the firm can still
take necessary steps to protect its financial interests, including immediately selling the securities without notice to the customer.
You are not entitled to choose which security in your margin account is liquidated or sold to meet a margin call. Because the
securities are collateral for the margin loan, the firm has the right to decide which security to sell to protect its interests.
The firm can increase its “house” maintenance margin requirements at any time and is not required to provide you with
advance written notice. These changes in firm policy often take effect immediately and may result in the issuance of a maintenance
margin call. Your failure to satisfy the call may cause the firm to liquidate or sell securities in your account.
You are not entitled to an extension of time on a margin call. Although an extension of time to meet margin requirements may be
available to customers under certain conditions, a customer does not have a right to an extension.
I understand that my account, if approved, will be upgraded to a margin account. I acknowledge that securities held in my margin
account may be pledged, repledged, hypothecated, or rehypothecated for any amount due E*TRADE Securities in my account(s) or for
a greater amount which E*TRADE Securities, at its sole discretion, may deem necessary.
For E*TRADE Securities Use Only
I have received this application and believe the account is suitable for:
Margin
Cash
Approval Date
System response and account access times may vary due to a variety of factors, including trading volumes, market conditions, and system
performance.
Note: As a reminder, customers requesting Level 3 or 4 upgrade for non-IRA accounts will need to sign the margin disclosure
statement
Signature of Primary Account Holder
Signature of Co-Account holder
Date
Printed Name
Date
Printed Name
NON-IRA OPTIONS ACCOUNT UPGRADE
0817-OPTUP-P65277
O O
The E*TRADE Financial family of companies provides financial services including trading, investing and related banking products and services to
retail customers. Securities products and services are offered by E*TRADE Securities LLC, Member FINRA/SIPC.
© 2017 E*TRADE Financial Corporation. All rights reserved.
I UNDERSTAND THAT THIS ACCOUNT IS GOVERNED BY A PREDISPUTE ARBITRATION CLAUSE. I ACKNOWLEDGE THAT I
HAVE RECEIVED AND READ A COPY OF THE E*TRADE CUSTOMER AGREEMENT WHICH CONTAINS A PRE-DISPUTE
ARBITRATION AGREEMENT AT SECTION 12.
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