CHARACTERISTICS AND RISKS OF STANDARDIZED OPTIONS
 
http://www.optionsclearing.com/publications/risks/riskstoc.pdf
 
This publication refers solely to options issued by OCC. Prior to buying or selling an option, a person must receive a copy of this brochure. It includes a discussion on basic option terminology, types of options available for trading, general provisions for exercise and settlement, unique tax considerations, risks, and other supplemental material.