EFTA Document EFTA01393099

If a physical delivery put option is exercised, the assigned writer must purchase the required number of shares at the specified exercise price regardless of their current market price. If a cash-settled option is exercised, the assigned writer must pay the cash set- tlement amount. No certificates are issued to evidence options. In- vestors look to the confirmations and statements that they receive from their brokerage firms to confirm their positions as option holders or writers. An opt