This document outlines the special risks associated with uncovered option writing, which can expose investors to significant losses. It emphasizes that such strategies are suitable only for knowledgeable investors with the financial capacity to incur substantial losses. The document also highlights the potential unlimited loss from uncovered call writing and substantial loss from uncovered put options. It includes a statement of understanding and agreement from the investor.
doj/DataSet10/EFTA01378963.pdf
{"title":"Special Statement for Uncovered Option Writers","document_date":"2018-10-01","document_type":"financial","document_subtype":"Special Statement for Uncovered Option Writers","key_organizations":["Deutsche Bank","Butterfly Trust"],"reference_numbers":["WM179363 006418.120617","123535","DB-SDNY-0076244","SDNY_GM_00222428","EFTA01378963"]}