When must the OCC option disclosure agreement be provided to the customer?

The OCC option disclosure agreement must be provided to the customer before or at the approval of an options account. This requirement is in place to ensure that customers are fully informed about the risks associated with trading options prior to engaging in such transactions. By providing the disclosure agreement early in the account approval process, customers can carefully review and understand the intricacies of options trading, including potential rewards and risks, as well as the nature of different types of options strategies. This practice is crucial for promoting informed decision-making and responsible trading among investors.