Under the Settings tab, the first option is Auto-Renew.
It's a good idea to keep the Auto-Renew option enabled. If you forget to renew your domain before its expiration date, the domain is automatically placed back in the market for resale.
Auto-Renew will automatically renew your domain and charge the amount to the payment method you have on file.
Click the Manage button to turn Auto-Renew on or off.
The Domain Lock is another important option. This feature protects your domain from unauthorized transfer to a third party.
To transfer a domain name to a third party or to a different registrar, you are required to have an authorization code, provided by your current registrar.
Your new registrar will request this code, to complete the transfer.
Sometimes, this authorization code can end up in the wrong hands. By turning on the Lock option, a domain transfer cannot be completed.
In the event that you do want to transfer your domain to another registrar, click the "Email my Code" button next to the "Authorization Code" column. The code will be emailed to the email address on file.
If you just registered the domain, Godaddy will not let you transfer the domain out until the date specified. In this case it's April 5th 2016. Approximately two months after initial registration.