On February 7th, FINRA advised that the SEC has approved a supplement to the Options Disclosure Document (ODD). The ODD contains general disclosures on the characteristics and risks of trading standardized options. The recently approved January 2011 Supplement amends and restates the June 2007 Supplement to provide disclosure to accommodate the listing of credit default options that contemplate only a single credit event, and to incorporate certain technical amendments. FINRA Information Notice.