EFTA Document EFTA01393175

risk of writers of binary puts is limited to the cash settle- ment amount of the option, and a binary put writer may be required under exchange rules to deposit the full cash settlement amount at the time the option is written. The paragraph numbered 5 on page 65 of the Book- let is replaced with the following paragraph: 5. The risk of being an option writer may be reduced by the purchase of other options on the same underlying interest - and thereby assuming a spread position - or by ac