EFTA01283088Dataset 10
12p6,561w
…long side is dosed out, leaving only a short position the linanoal risk becomes unlimited. Option assignments require purchase of the underlying stock in the open market to effect delivery to purchaser of option. El 4. Uncovered Put Writing - Margin account and special statement for uncovered option writers required. Involves Substantkljlisk If assigned, the client must purchase the underlying stock at the strike price, when may be substantially higher than the then-onrent market puce. (ZI 5. Uncovered Cal Writing …
https://www.justice.gov/epstein/files/DataSet%2010/EFTA01283088.pdf