FINRA November 2012 Supplement to the Options Disclosure Document

The SEC approved the November 2012 supplement to the Options Disclosure Document ("ODD"). The ODD contains general disclosures on the characteristics and risks of trading standardized options. The November 2012 supplement amends the ODD disclosure to accommodate adjustments for cash dividends and distributions for options overlying less than 100 shares. This change is intended to ensure that mini options are adjusted when the corresponding standard-sized options are adjusted. As with other supplements to the ODD, this should be read in conjunction with the current ODD, Characteristics and Risks of Standardized Options.

View Notice in full here (links externally to FINRA website).