diff --git a/README.md b/README.md
index df49e52..d87d78a 100644
--- a/README.md
+++ b/README.md
@@ -1,3 +1,5 @@
+**Update:** this options congtract has been implmented in Simplicity and is being maintained as part of the [Simplicity-Contracts repo](https://github.com/BlockstreamResearch/simplicity-contracts/)
+
 # Options
 
 Options are financial derivatives that give
@@ -110,4 +112,4 @@ Settle txid: 60d334602d21b778b14c7109373198a9201390d8cb28b3a7a95834736db47927
 Claim the settlment in two steps.
 
 - Claim 1 contract (change case)
-- Claim the remaining 2 contracts (no change case)
\ No newline at end of file
+- Claim the remaining 2 contracts (no change case)