What is the Option Disclosure Document (ODD)?

ODD is a publication issued by the Options Clearing Corporation that serves as a guide for options traders.

The document is essential for novice options traders.

Options involve risk and are not suitable for all investors. The risks inherent to options trading may expose investors to potentially significant losses.

The ODD, formerly titled Characteristics & Risks of Standardized Options, can be found here: https://www.theocc.com/about/publications/character-risks.jsp.