The document discusses the risks associated with writing binary call and put options, highlighting the potential for substantial financial losses. It emphasizes the need for investors to understand the risks and have sufficient liquid assets to meet margin requirements. The document also explains the obligations of binary option writers under exchange rules.
documents/vol00010-efta01353501-pdf.pdf
{"document_type":"correspondence","document_subtype":"booklet excerpt","reference_numbers":["SDNY_GM_00184083","EFTA01353501"]}