This FREE brochure is authored by the National Futures Association, the self-regulatory organization of the U.S. futures industry.

Options on commodities can offer a wide range
of investment opportunities. Proper use of options
can successfully limit risk of an investment position
while still allow for reasonable profit.*

Contents:
The Vocabulary of Options Trading.
Intrinsic Value.
What is Time Value?
Buying and Writing Options.
The Break-even Price for a Call.
The Break-even Price for a Put.
Choosing an Option.
After You Buy an Option: What Then?
Offsetting the Option.
Continuing to Hold the Option.
Exercising the Option.
Who Writes Options and Why?
A Pre-Investment Checklist.

* You will also receive a complimentary copy of Option Spreads: Putting the Odds in Your Favor written by World Link Futures, Inc. and appearing in the February 2000 issue of Futures magazine.

Please complete the information below to receive your free copy.

AVAILABLE TO U.S. AND CANADIAN RESIDENTS ONLY.