Common use of Buying Options Clause in Contracts

Buying Options. Allowing the Local Manager to buy options involves less risk than allowing the Local Manager to sell options because, if the price of the underlying asset moves against the Investment Adviser, the Local Manager can simply allow the option to lapse. The maximum loss is limited to the premium, plus any commission or other transaction charges. However, if the Local Manager buys a call option on a futures contract for the Investment Adviser and later exercises the option, the Investment Adviser will acquire the

Buying Options. Allowing the Local Manager to buy options involves less risk than allowing the Local Manager to sell options because, if the price of the underlying asset moves against the Investment Adviser, the Local Manager can simply allow the option to lapse. The maximum loss is limited to the premium, plus any commission or other transaction charges. However, if the Local Manager buys a call option on a futures contract for the Investment Adviser and later exercises the option, the Investment Adviser will acquire thethe future. This will expose the Adviser to the risks described under “futures” and “contingent liability transactions”.

Buying Options. Allowing the Local Manager to buy options involves less risk than allowing the Local Manager to sell options because, if the price of the underlying asset moves against the Investment Adviser, the Local Manager can simply allow the option to lapse. The maximum loss is limited to the premium, plus any commission or other transaction charges. However, if the Local Manager buys a call option on a futures contract for the Investment Adviser and later exercises the option, the Investment Adviser will acquire thethe future. This will expose the Investment Adviser to the risks described under “futures” and “contingent liability transactions”.

Buying Options. Allowing the Local Manager to buy options involves less risk than allowing the Local Manager to sell options because, if the price of the underlying asset moves against the Investment Adviser, the Local Manager can simply allow the option to lapse. The maximum loss is limited to the premium, plus any commission or other transaction charges. However, if the Local Manager buys a call option on a futures contract for the Investment Adviser and later exercises the option, the Investment Adviser will acquire thethe future. This will expose the Investment Adviser to the risks described under "futures" and "contingent liability transactions".

Buying Options. Allowing the Local Manager to buy options involves less risk than allowing the Local Manager to sell options because, if the price of the underlying asset moves against the Investment AdviserManager, the Local Manager can simply allow the option to lapse. The maximum loss is limited to the premium, plus any commission or other transaction charges. However, if the Local Manager buys a call option on a futures contract for the Investment Adviser Manager and later exercises the option, the Investment Adviser Manager will acquire thethe future. This will expose the Investment Manager to the risks described under “futures” and “contingent liability transactions”.

Buying Options. Allowing the Local Manager to buy options involves less risk than allowing the Local Manager to sell options because, if the price of the underlying asset moves against the Investment Adviser, the Local Manager can simply allow the option to lapse. The maximum loss is limited to the premium, plus any commission or other transaction charges. However, if the Local Manager buys a call option on a futures contract for the Investment Adviser and later exercises the option, the Investment Adviser will acquire thethe Sch. 3-2

Buying Options. Allowing the Local Manager to buy options involves less risk than allowing the Local Manager to sell options because, if the price of the underlying asset moves against the Investment Adviser, the Local Manager can simply allow the option to lapse. The maximum loss is limited to the premium, plus any commission or other transaction charges. However, if the Local Manager buys a call option on a futures contract for the Investment Adviser and later exercises the option, the Investment Adviser will acquire thethe future. This will expose the Adviser to the risks described under "futures" and "contingent liability transactions".