The document explains the obligations of option writers and holders in the context of physical delivery and cash-settled options. It describes the role of the Options Clearing Corporation (OCC) and its Clearing Members in ensuring the performance of options obligations. The document also defines the exercise price in options trading and provides an example of a physical delivery option.
documents/vol00010-efta01353406-pdf.pdf
{"document_type":"other","key_organizations":["Options Clearing Corporation (OCC)"]}