Information Notice 4/20/11
March 2011 Supplement to the Options Disclosure Document
The SEC approved a supplement to the Options Disclosure Document (ODD) on March 31, 2011. The ODD contains general disclosures on the characteristics and risks of trading standardized options. The March 2011 supplement amends the discussion of variability index options to provide disclosure regarding the characteristics of options on equity-based volatility indexes and their special risks. The supplement also adds new disclosures regarding the characteristics of options on relative performance indexes and their special risks. Finally, the supplement amends the ODD to update the inside front cover so that it contains a current list of the U.S. exchanges that trade options issued by The Options Clearing Corporation. As with other supplements to the ODD, this should be read in conjunction with the current ODD, Characteristics and Risks of Standardized Options.
Questions regarding this Notice may be directed to Kathryn M. Moore, Assistant General Counsel, Office of General Counsel, at (202) 974-2974.
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