The document discusses the special risks associated with writing cash-settled index call options. It highlights the challenges writers face in fully covering their positions due to timing risks and the inability to perfectly replicate the underlying index. The document also notes the potential for market price discrepancies between the securities held by the writer and the index.
doj/DataSet10/EFTA01393134.pdf
{"document_type":"legal","document_subtype":"prospectus","key_organizations":["OCC","SEC"],"reference_numbers":["DEBDRIYORI98558","SDNY_GM_00244742","EFTA01393134"]}