EFTA Document EFTA01393098

Readers should be aware that this booklet has been written to meet the requirements of an SEC rule that requires the U.S. options markets to prepare. and bro- kerage firms to distribute, a booklet that briefly and generally describes the characteristics of options and the risks to investors of maintaining positions in op- tions. Options are versatile instruments that can be used in a wide variety of investment strategies. They give the investor the ability to create positions that reflect