Options Disclosures Clause Samples

The Options Disclosures clause requires parties to provide clear and comprehensive information about the risks, terms, and conditions associated with trading options. In practice, this means that before engaging in options transactions, the disclosing party must supply relevant documentation or statements outlining potential financial exposures, obligations, and regulatory considerations to the other party. This clause ensures that all participants are fully informed, thereby promoting transparency and helping to prevent misunderstandings or disputes related to options trading.
Options Disclosures. In the event you purchase or write (i.e., sell) listed options, you hereby agree and acknowledge the following: (i) all options transactions shall be subject to the constitution, rules, regulations, customs and usages of the Options Clearing Corporation and any exchange or other marketplace where executed; (ii) you will not, acting either alone or in concert with others, violate the position or exercise limits of the exchanges, which limits may change from time to time; (iii) you have read and understood the Options Risk Disclosure Document and Special Statement for Uncovered Writing and have determined that options trading is not unsuitable for you; and (iv) you have read and understood the section of the Options Risk Disclosure Document entitled “Exercise and Assignment” and you understand that (A) with respect to any option over which the Options Clearing Corporation has control if you fail to give instructions to the contrary prior to the expiration date, of any such option, the Options Clearing Corporation will automatically exercise any such option which is in the money by a certain amount, which amount is determined by the Options Clearing Corporation in its discretion; (B) ▇▇ ▇▇▇▇▇▇ shall have no responsibility to advise you when an option in your account is nearing expiration and shall bear no responsibility for any loss incurred by you arising out of the fact that an option in your account was not exercised unless you have instructed ▇▇ ▇▇▇▇▇▇ to exercise such option by the time established by ▇▇ ▇▇▇▇▇▇; (C) you may not receive actual notice of an exercise assignment until the week following the expiration date; (D) exercise assignment notices for option contracts are allocated among customer short positions pursuant to a procedure that randomly selects from among all customer short positions, including positions established on the day of assignment, those contracts that are liable for assignment at any time; and (E) all American-style short options are liable for assignment at any time, and by contrast, European-style short options are subject to assignment only on the expiration date. A more detailed description of such random allocation procedure is available upon request. You understand that ▇▇ ▇▇▇▇▇▇ is required by Applicable Laws, including but not limited to FINRA Rule 2360, to obtain from you certain information regarding your investment objectives and financial situation in order to determine that options transactions are not unsuitable ...
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