The Financial Industry Regulatory Authority issued a reminder to members regarding their obligation to timely report large options positions to the Large Options Position Reporting (“LOPR”) system as required by applicable rules. FINRA requires members to report or have reported on their behalf any options position in any account or multiple accounts where the firm or any customer, whether alone or in concert, maintains an aggregate position of 200 or more options contracts (whether long or short) of the put class and the call class on the same side of market for the same underlying security or index. All positions must be reported to LOPR by no later than close of business on the business day following the day the transaction or transactions happened that necessitated the filing. Where aggregate positions meet the 200-contract threshold, the option position of each individual account must be reported. Accounts must be aggregated when they are under common control or acting in concert. Control is presumed for all parties to a joint account who have authority to act on behalf of the account; all general partners of a partnership account; a person or entity that has a 10 percent or more ownership interest in an entity or shares 10 percent or more of an account’s profits and losses; accounts with common directors or management; or an individual or entity who has authority to execute transactions in an account.