Now you can execute two and three leg option strategies online -- including opening and closing of spreads (ratio, butterfly and rolling), buy writes and unwinds, straddles, strangles and combinations!

All strategies are available from the same easy-entry order screen with timely, user-friendly prompts and notifications. We've even enabled a link to the option chain enabling symbol and quote look-up during order entry.

Click here to view our new complex options screens.

Get instant access to order status from the confirmation screen and manage your orders easily with a common tracking number for all legs of your trade. For your further convenience, on the order status screen, all legs are displayed in a group, one after the other, with each order description line identifying the leg as part of a strategy, including the strategy type and net debit/credit amount. For the fastest, easiest order management, all legs can be cancelled by canceling any of the legs in a strategy order.

Your account must be enabled for complex options trading. If you have questions or would like to learn more, please call Customer Service at 800-872-0444 7:30 am to 7:30 pm ET Monday - Friday.

On October 2, 2006, the Securities and Exchange Commission (SEC) has approved the Options Clearing Corporation (OCC) request to reduce the in-the-money auto-exercise level to $0.05 from $0.25. With this new policy, the OCC will automatically exercise equity options that are in-the-money by $0.05, unless a broker/dealer instructs OCC otherwise. This change will go into effect starting with the October expiration cycle on October 21, 2006. Please contact us if you have any questions about this change.

Options involve risk and are not suitable for all investors. Prior to buying or selling an option, a person must receive a copy of Characteristics and Risks of Standardized Options.