Understanding Equity Options - The Options Clearing Corporation

Selling Equity Puts 30■ covered put writing■ uncovered put writingConclusion 33Glossary 34Appendix: Expiration Cycle Tables 38For More Information 40This publication discusses exchange-traded options issuedby The Options Clearing Corporation. No statement in thispublication is to be construed as a recommendation topurchase or sell a security, or to provide investment advice.Options involve risks and are not suitable for all investors.Prior to buying or selling an option, a person must receivea copy of Characteristics and Risks of StandardizedOptions. Copies of this document may be obtained fromyour broker or from any of the exchanges on which optionsare traded.20132