This document is a special statement for uncovered option writers associated with Jeffrey Epstein's account at Deutsche Bank. It outlines the risks associated with uncovered option writing, including unlimited potential loss for uncovered call writing, substantial loss for uncovered put options, and unlimited risk for combination writing. It emphasizes that such strategies are suitable only for knowledgeable investors with the financial capacity to incur substantial losses. The document also notes the potential unavailability of a secondary market and the risk of exercise assignment for American-style options.
doj/DataSet10/EFTA01380006.pdf
{"key_people":["Jeffrey Epstein"],"document_date":"2018-10-01","document_type":"financial","key_locations":["United States"],"document_subtype":"Special Statement for Uncovered Option Writers","key_organizations":["Deutsche Bank","Deutsche Banc Securities Inc."],"reference_numbers":["WM179363 006418.120517","DB-SDNY-0078051","SDNY_GM_00224235","EFTA01380006"]}