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Characteristics & Risks of Standardized Options

Download Characteristics and Risks of Standardized OptionsPrior 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.

Download Characteristics and Risks of Standardized Options

Copies of this document may also be obtained from your broker, from any exchange on which options are traded, or by placing an order online. If you have questions, please contact the Options Clearing Corporation at

Having Trouble Viewing the ODD?

We recommend downloading and installing the latest version of Adobe Acrobat Reader, which is available as a free download. If your problems persist you may want to order a printed version or contact your broker.