Option Objectives Icheek ALL that apply): a Income (covered call writing) 21 Portfolio Protection (protective puts) Z' Speculation (spreads & uncovered (kends' Strategy Reckests (Please cheek as many of the following strategies sought to be employed) 1. Covered Call Writing adCulaulte.Bilis. Calls fully covered by underlying stock. Stock may be celled at any time or at expiration, requiring owner to sell at strike price. a 2. Purchasing Options .1010.fitskiirO/BOal.9.131i Entire premium is at risk. Profit or loss usually determined by sating position. If posiOon is rot closed or exercised by expiration date. options will expire worthless. 3 Option Spreads — Margin account required. blVolves SIASSItklileLaisS. In addition to risk of purchasing [OS or cells, if long side is closed out, leaving only a short posittn, the financial risk becomes uninntsd, Option assignments require p.aceese of the unearly.ng stock In the open mantel to effect &awry to purchaser of option. 4. Uncovered Put Writing — Margin account end spacial statement for uncovered option writers required. asyclivekyaitistantial Risk Ilessignod, the chin must purchase the underlying stock at the strike price, which may be substantially higher than the thencitrent market price. S. Uncovered Call Writing — Margin account and special statement for uncovered option writers required. legiadkak Writing uncovered calls invelveS unlimited firunpol risk. Option assignments require purchase of the underlying stock in open market to elf Oct delivery to purchaser of option. . . . . . . I have 'cad and understand all of the conditions and stipulations on the reverse aisle of this form in regard to trading in options and represent that trading in apfpnis is seizable in light of my investment ohlectives, financial situation, risk tolerance and knowledge. I hereby confirm that I am the source of and attest to the acadacy of this above information end a hlh011ae Deutsche Bark Securities Inc. (als