That's what happened to many giddy put sellers in the 1987 crash, remembers Paul Stevens, former head of the Options Clearing Corp.

FORBES: When the Market Sleeps

Katz serves on the executive board of Eurex and also represents the ISE on the board of directors of The Options Clearing Corp.

FORBES: Magazine Article

In order to begin listing options on a company, exchanges must first propose the terms of the options and file for approval with Options Clearing Corp.

WSJ: Investors Bet on Facebook Fall

Merrill Lynch Professional Clearing Corp.

FORBES: Merrill Lynch Professional Clearing Hit With $64 Million FINRA Arbitration Award