Options involve risk and are
not suitable for all investors.
On-line trading has inherent risks due to system response and access times
that vary due to market conditions, system performance and other factors
such as your Internet provider. An investor should understand these and
additional risks before trading.
 The
following document is in Adobe PDF format. Download a free copy of Adobe
Acrobat Reader here.
- Characteristics
and Risks of Standardized Options
This publication refers solely to options issued by OCC. Prior to buying
or selling an option, a person must receive a copy of this brochure.
It includes a discussion on basic option terminology, types of options
available for trading, general provisions for exercise and settlement,
unique tax considerations, risks, and other supplemental material.
- Recent
Amendments to Characteristics and Risks of Standardized Options
February 2003 Supplement. This supplement supersedes and replaces the
November 1998 and August 2000 Supplements to Characteristics and Risks
of Standardized Options (the “booklet”). Part I of this
supplement pertains to options on interests in investment companies
and similar entities. Part II of this supplement pertains to special
exercise settlement procedures or restrictions that may be imposed on
index options, foreign currency options, stock options, and other options
upon the occurrence of certain extraordinary events. Part III of this
supplement discloses that a registration statement and prospectus for
the options covered by the Booklet will no longer be available from
OCC or the U.S. options exchanges.
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