*Options involve risk and are not suitable for all investors. Detailed information on the risks associated with options can be obtained by downloading the Characteristics and Risks of Standardized Options and Supplements (PDF) from The Options Clearing Corporation website.
Transaction costs may be significant in multi-leg options strategies including spreads and straddles, as they involve multiple commission charges, which may impact any potential return. Advanced option strategies often involve greater and more complex risk than single-leg options trade orders.