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Option trading may involve sophisticated strategies that require a full understanding of the related intricacies and risks. In that regard, prior to permitting a client to engage in options trading, we require an affirmation that the Options Clearing Corporation’s (OCC) publication entitled, “Characteristics and Risks of Standardized Options” has been reviewed. The document is available on the OCC website, at the following address:
www.optionsclearing.com/publications/risks/riskchap1.jsp
You may also request a copy of the document by calling our Customer Support Department at (888) 487-2227. Furthermore, our clients must accept responsibility to ascertain if any corporate actions occur that will affect their option contracts positions. This information is available by accessing the OCC site at:
www.optionsclearing.com/market/info_memos.jsp
We believe that best source of option education is available through the Chicago Board Options Exchange (“CBOE”). Their website provides extensive information and tools for the options trader. Please select the links below to be connected directly to the CBOE’s site:
For basic option information:
www.cboe.com/LearnCenter/Basics.asp
For strategy discussions:
www.cboe.com/LearnCenter/BuyingCalls.asp
For advanced concepts:
www.cboe.com/LearnCenter/Advanced.asp
The Options Toolbox is an interactive educational program designed to enhance investors' knowledge of exchange-traded equity options, index options and LEAPS. This comprehensive tutorial contains educational sessions and tools, including an options calculator, to help investors test their ideas:
www.cboe.com/LearnCenter/Toolbench.asp
The new Index WorkbenchSM is designed to help investors learn more about ways in which index options can be used:
www.cboe.com/LearnCenter/workbench/index.htm
This FAQ list represents some of the most frequently asked questions relating to the Chicago Board Options Exchange and options trading in general:
www.cboe.com/LearnCenter/Faq.asp
Special Statement for Uncovered Option Writers
Click here to open the PDF document |
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