Investment Experience of Account Owner(s) Yea! i ., St Average reed's Per yea, Average Size et Average Site in haeas m S Snems Convect; Tyres PECV1rA;S Eimeiefx.a ODTICeift 1988 10 $1,000,000.00 1,000 V Covered Can Writing &aunts 1988 10 51,000,000.00 1,000 V Pin/lased OPItfins V Opthm $u'ssds rue(' (worry Coemcociesana P.nunts . . 1988 1988 10 10 $1,000,000.00 1,000 $1,000,000.00 1,000 V Uncovered Put Witting u•ia re rien Call Wring ' Now) Esvnange Traded Funds tErFs) 1988 10 $1,000,000.00 1,000 Astemtio; to-Jesters:Its plods, Ftwies a, ivale Ecu et/ 1988 10 $1,000,000.00 1,000 Option Objectives (check ALL that apply) ifv,"..rie (covered call writing) V Portfolio Protection (protecOve tat •0; Speculation (option buying. spreads and uncovered writing) Client(s) Strategy Requests (Please check au many of the following strategies sought to be employed) V. 1. Covered Call Writing Moderate litidt. Calls hilly covered by tmderiying stuck. Stock may be called at any time or at expiration, rogue, ing owner to sell at strike price. le 2. Purchasing Options Involves Subatamiat Risk. Entire premium is at risk. Pro lit or loss usually determined by selling position. If position is not dosed or exercised by expiration ditte options will expire worthless V 3. Option Spreads—Margin account required. Involves Substantial Risk. In arkinion to risk of thaehasing puts or cat if loco skle is closed out. terwirui only a Short position. the financial risk becomes unlimited. Option assignments require purchase of the underlying star* in the open market to effect deliveiy to purchaser of option. W. 4. Unaware(' Put Writing—Margin account and spinal statement for uncovered option writers required. Involves Substantial Risk- If assigned, the client must purchase the underlying stock at the strike prim which may be substantially higher than the then .current market ;rice V, 5. Uncovered Call Writing—Margin th-aatifil erd tAaten