Options involve unique risks, tax consequences and commission charges and are not suitable for all investors. When appropriate, options should comprise a modest portion of an investor's portfolio. No statement within this document should be construed as a recommendation to buy or sell a security or to provide investment advice. Prior to making any options transactions, investors must receive a copy of the Options Disclosure Document which may be obtained from your financial advisor. Supporting documentation will be supplied upon request.

The Options Industry Council is an independent organization and is not affiliated with Raymond James & Associates and Raymond James Financial Services.