EFTA Document EFTA01480065

Exchange Traded Options Agreement J.P.Morgan B. Special Statement for Uncovered Options Writers (cont.) Uncovered options writing Is thus suitable only for the knowledgeable Investor who understands the risks, has the financial capacity and the willingness to incur potentially substantial losses, and has sufficient liquid assets to meet applicable margin requirements. In this regard, V the value of the underlying Instrument moves against a writers uncovered options position, J.P. Morgan Sec