Common use of Options Transactions Clause in Contracts

Options Transactions. In the event you purchase or write (i.e. sell) listed options, you hereby agree and acknowledge the following: (a) all options transactions shall be subject to the constitution, rules, regulations, customs and usages of the Options Clearing Corporation and any exchange or other marketplace where executed; (b) you will not, acting either alone or in concert with others, violate the position or exercise limits of the exchanges, which limits may change from time to time; (c) you have read and understood the Options Risk Disclosure Document and Special Statement for Uncovered Writing and have determined that options trading is not unsuitable for you; and (d) you have read and understood the section of the Options Risk Disclosure Document entitled “Exercise and Assignment” and you understand that (i) with respect to any option over which the Options Clearing Corporation has control if you fail to give instructions to the contrary prior to the expiration date, of any such option, the Options Clearing Corporation will automatically exercise any such option which is in the money by a certain amount, which amount is determined by the Options Clearing Corporation in its discretion; (ii) XX Xxxxxx shall have no responsibility to advise you when an option in your account is nearing expiration and shall bear no responsibility for any loss incurred by you arising out of the fact that an option in your account was not exercised unless you have instructed XX Xxxxxx to exercise such option by the time established by XX Xxxxxx; (iii) you may not receive actual notice of an exercise assignment until the week following the expiration date; (iv) exercise assignment notices for option contracts are allocated among customer short positions pursuant to a procedure that randomly selects from among all customer short positions, including positions established on the day of assignment, those contracts that are liable for assignment at any time; and (v) all American-style short options are liable for assignment at any time, and by contrast, European-style short options are subject to assignment only on the expiration date. A more detailed description of such random allocation procedure is available upon request. You understand that XX Xxxxxx is required by Applicable Laws, including but not limited to FINRA Rule 2360, to obtain from you certain information regarding your investment objectives and financial situation in order to determine that options transactions are not unsuitable for you and you hereby agree to provide XX Xxxxxx with all information required to allow XX Xxxxxx to make such determination.

Options Transactions. In I acknowledge that options are not suitable for all investors. Options trading has inherent risks and I am prepared financially to undertake such risks and to withstand the event you purchase or write (i.e. sell) listed optionslosses that may be incurred. I agree to evaluate my own financial situation, you hereby agree resources, investment objectives, and acknowledge the following: (a) all other relevant circumstances to determine whether options transactions shall be subject to the constitution, rules, regulations, customs and usages of the Options Clearing Corporation and any exchange or other marketplace where executed; (b) you trading is suitable for me. You will not, acting either alone or in concert with others, violate the position or exercise limits of the exchanges, which limits may change from time to time; (c) you have read and understood the Options Risk Disclosure Document and Special Statement for Uncovered Writing and have determined not make this determination. Even if I determine that options trading is appropriate for me, you determine whether to approve my account for options trading. This approval is a credit risk determination on your part and is not unsuitable for you; and (d) you a recommendation by Mint Global that I trade options, nor is it a suitability determination. I acknowledge I have read and understood the section of the Options Risk Disclosure Document entitled “Exercise and Assignment” and you understand that (i) with respect to any option over which the Options Clearing Corporation has control if you fail to give instructions received or have been given access to the contrary prior to the expiration date, “Characteristics and Risks of any such option, the Options Clearing Corporation will automatically exercise any such option which is in the money by a certain amount, which amount is determined Standardized Options” by the Options Clearing Corporation (OCC). a. I am responsible for knowing the rights and terms of all options in its discretion; (ii) XX Xxxxxx my Account. I agree to be bound by the FINRA, OCC, and exchange rules applicable to the trading of options contracts. b. My options trading is subject to the terms and conditions applicable to margin trading. c. Settlement on options cleared through the OCC is the Business Day after the trade date. I shall have no responsibility to advise you when an option in your account is nearing expiration not exceed the position and shall bear no responsibility for any loss incurred exercise limits imposed by you arising out the rules of the fact that an option in your account was not exercised unless OCC. d. I am responsible for instructing you have instructed XX Xxxxxx as to my intention to exercise such option by the time established by XX Xxxxxx; (iii) you may not receive actual notice of an exercise assignment until the week following options contracts before the expiration date; . e. You collect information only to establish option trading permission and not for the purpose of monitoring Account holdings or option positions. f. You and Clearing are authorized to take steps to protect yourselves and any obligation you have assumed at my request, without notifying me. g. If I write (ivshort) exercise a call options contract that requires the delivery of securities to be sold, I may be required to keep the securities in my Account until the expiration of the options period and may not be allowed to sell or withdraw the securities. h. If I write (short) a put options contract that requires payment for securities to be purchased, I may be required to keep sufficient funds in my Account to make the payment until the expiration of the options period, and may not be allowed to withdraw the funds or use them for any other purpose. If I am assigned on the options, Clearing may use the funds for the purchase of the securities without prior notice to me. i. All short equity and some index options positions are available for assignment. Exercise assignment notices for option contracts equity or index options are allocated among customer short positions pursuant to a by Clearing in accordance with its assignment allocation procedures. I am responsible for knowing and understanding the assignment procedure that randomly selects from among all customer short positions, including positions established on the day of assignment, those contracts that are liable for assignment at any time; and (v) all American-style short options are liable for assignment at any time, and used by contrast, European-style short options are subject to assignment only on the expiration date. A more detailed description of such random allocation procedure is available upon request. You understand that XX Xxxxxx is required by Applicable Laws, including but not limited to FINRA Rule 2360, to obtain from you certain information regarding your investment objectives and financial situation in order to determine that options transactions are not unsuitable for you and you hereby agree to provide XX Xxxxxx with all information required to allow XX Xxxxxx to make such determinationmy clearing firm.