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OCC Publications

The Characteristics & Risks of Standardized Options

The Characteristics & Risks of Standardized Options

Prior to buying or selling an option, investors must read a copy of the Characteristics & Risks of Standardized Options, also known as the options disclosure document (ODD). It explains the characteristics and risks of exchange traded options.

OCC By-Laws

OCC By-Laws

This publication contains OCC By-Laws.

Note: Rule filings are deleted from this list and integrated into the By-Laws and Rules in accordance with applicable regulatory requirements.

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OCC Rules

OCC Rules

This publication covers the rules of OCC.

Note: Rule filings are deleted from this list and integrated into the By-Laws and Rules in accordance with applicable regulatory requirements.

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OCC's Financial Guarantee

OCC's Financial Guarantee

This publication generally discusses OCC's financial guarantee. OCC's By-Laws and Rules, however, govern the terms of such financial guarantee. No statement in this publication is to be construed as a recommendation to purchase or sell a security or to provide investment advice. Prior to buying or selling a securities option, a person must receive a copy of the booklet Characteristics and Risks of Standardized Options.

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Taxes and Investing

Taxes and Investing Brochure

This booklet provides a summary of certain U.S. federal income tax rules affecting investments in various financial instruments, including stocks, bonds, options and futures contracts. This summary is for general information purposes only and is not intended to address any individual investment or tax situation. Various special rules and exceptions are not discussed. Specific tax rules may apply to your particular circumstances that are not specifically covered in this booklet, and material contained in this booklet may be affected by changes in law subsequent to publication.

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Understanding Equity Options

Understanding Equity Options

Options are financial instruments that can provide you, the individual investor, with the flexibility you need in almost any investment situation you might encounter.

Options give you options. You're not just limited to buying, selling or staying out of the market. With options, you can tailor your position to your own situation and stock market outlook. Consider the following potential benefits of options:

  • You can protect stock holdings from a decline in market price
  • You can increase income against current stock holdings
  • Download brochure to read more.

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Understanding Index Options

Understanding Index Options

The purpose of this booklet is to provide an introductory understanding of index options and how they can be used. Index options may be listed on all U.S. option exchanges. Like trading in stocks, options trading is regulated by the Securities and Exchange Commission (SEC).

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The Equity Options Strategy Guide

The Equity Options Strategy Guide

The purpose of this booklet is to provide an introduction to some of the basic equity option strategies available to option and/or stock investors. Exchange-traded options have many benefits including flexibility, leverage, limited risk for buyers employing these strategies, and contract performance guaranteed by OCC. Options allow you to participate in price movements without committing the large amount of funds needed to buy stock outright. Options can also be used to hedge a stock position, to acquire or sell stock at a purchase price more favorable than the current market price, or, in the case of writing (selling) options, to earn premium income. Options give you options. You're not just limited to buying, selling or staying out of the market.With options, you can tailor your position to your own financial situation, stock market outlook and risk tolerance.

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Long-Term Equity Anticipation Securities

Long-Term Equity Anticipation Securities

The purpose of this booklet is to provide an introductory understanding of exchange-listed, longterm options called LEAPS® (Long-term Equity AnticiPation SecuritiesSM) and how they can be used. LEAPS may be listed on all U.S. option exchanges. Like trading in stocks, options trading is regulated by the Securities and Exchange Commission (SEC).

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OCC Membership Directory

Membership Directory

This publication contains a directory of OCC clearing members, their contact information and the products that they clear. Also included are lists for treasury operations as well as OCC administration, participant exchanges, futures markets and securities lending.

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