Options Disclosure- Characteristics and Risks of Standardized Options

The Options Clearing Corporation (OCC) issued its updated Options Disclosure Document (ODD) which broker-dealers are required to deliver to customers in accordance with FINRA Rule 2360(b)(11)(A)(1) and SEA Rule 9b-1. The ODD contains general disclosures on the characteristics and risks of trading standardized options. The March 2022 ODD, which supersedes and replaces the prior ODD and supplements, contains supplemental material to accommodate trading of certain index options and index flex options with a multiplier of one; and (ii) makes certain administrative changes to correct references to chapter subtitles contained in the original ODD text and to update references to sections in the document. 

Version/Update: V.U/March 2022

Total Page Count/Format: 95/.pdf

Source/Author(s): The Options Clearing Corporation (OCC)