May 2010 Supplement to the Options Disclosure Document
On May 24, 2010, the SEC approved a supplement to the Options Disclosure Document (ODD) (www.optionsclearing.com/components/docs/May_2010_ODD_Definitive_Supplement.pdf). The ODD contains general disclosures on the characteristics and risks of trading standardized options. The recently approved supplement adds new disclosure regarding the characteristics of options on conventional index-linked securities, as well as the special risks of these options. In addition, the ODD is amended to add BATS Exchange, Inc. and its corporate address to the front inside cover page of the ODD. As with other supplements to the ODD, this should be read in conjunction with the current ODD, Characteristics and Risks of Standardized Options (www.optionsclearing.com/components/docs/riskstoc.pdf).