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A discount code applied to your next monthly Premium invoice, in the amount shown on the Offer Page. The code is applied after any other discounts already on your account, so it stacks with them. It can't take an invoice below $0. It has no cash value, can't be transferred, and isn't paid out as a refund.

Sponsored Discounts apply only to the Premium plan billed monthly. They do not apply to annual billing or to any other plan. If you switch to annual billing or to another plan, the discount is removed starting with your next invoice.

The requirements for each Sponsored Discount are listed on its Offer Page. Every Sponsored Discount requires an active OO Premium subscription billed monthly and an active integration between your account at the partner brokerage and OO. The brokerage may also require a minimum account value, login or trading activity, or other conditions; those are listed on the Offer Page too.

When you meet the requirements, we apply the discount code to your next monthly invoice. We check again before each invoice, so you keep the discount for as long as you keep meeting the requirements.

New subscribers start with a 7-day trial. If you qualify during the trial, the discount is applied to your first invoice after the trial ends.

You have to qualify first. We don't apply the discount in advance, and we don't apply it to invoices that have already been issued or paid.

You authorize OO to verify your eligibility using data from your linked brokerage account (such as account value, order activity, login activity, and integration status) and to confirm your eligibility with the partner brokerage. Anything you tell us about your eligibility must be true and accurate.

• You can receive only one Sponsored Discount at a time. If you qualify for more than one, we apply the larger one.
• A single brokerage login can support a Sponsored Discount on only one OO subscription. If the same login is linked to more than one OO account, we may remove the discount from any of them.

The discount stops being applied if you:

• no longer meet any requirement on the Offer Page when we check;
• unlink, disable, close, or defund the brokerage account;
• cancel, switch to annual billing, or change to a different plan; or
• misrepresent your eligibility.

When the discount stops, you pay the price without the discount for your plan from your next invoice forward. We won't bill you back for discounts already applied to earlier invoices, unless they were obtained through a misrepresentation.

Canceling your subscription ends the discount code. If you resubscribe, you'll need to qualify again. If you stop qualifying and later qualify again, the discount is applied going forward, but we don't apply it to months you missed.

We or the partner brokerage may change, suspend, or end a Sponsored Discount at any time, including if OO's arrangement with that brokerage or OO's integration with that brokerage changes or ends. We'll give notice when we can. Changes apply going forward, and discounts already applied to paid invoices stay applied.

OO is not a broker-dealer or an investment adviser. Nothing in a Sponsored Discount is a recommendation to open or use any brokerage account or to place any trade. OO and each partner brokerage are independent companies.

Backtesting is backwards looking, not forward looking. Past performance is not an indicator of future results. Options are leveraged instruments, not suitable for all investors, and carry substantial additional risk of loss. OO does not provide financial advice. Please read Characteristics and Risks of Standardized Options before deciding to invest in options. You may lose money from your use of Option Omega. Offers are subject to eligibility requirements and may be modified, suspended or ended at any time.

We may update these terms at any time. We'll change the "Last updated" date above, and if you keep using the Sponsored Discount after an update takes effect, you accept the updated terms.