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Risk Disclosure

All information contained herein is believed to be from reliable sources but no guarantee is made to its accuracy or completeness. The applied research company, its principals and employees may trade in derivatives for their own accounts or for the accounts of others. Due to various factors (such as risk tolerance, margin requirements, trading objectives, short term vs. Long term strategies, technical vs. Fundamental market analysis, and other factors) such trading may result in the initiation or liquidation of positions that are different from or contrary to the opinions and recommendations contained herein.

Past performance is not necessarily indicative of future results. The risk of loss in trading futures contracts or commodity options can be substantial, and therefore investors should understand the risks involved in taking levraged positions and must assume responsibility for the risks associated with such investments and for their results.

You should carefully consider whether such trading is suitable for you in light of your circumstances and financial resources. When investing in the purchasing of options, you may lose all of the money you invested. When selling options, you may lose more than the funds you invested.

Strategies using combinations of positions, such as spread and straddle positions may be as risky as taking a simple long or short position. You should be aware that in the event you liquidate the long side of an option spread and still maintain the short option position, your risk is unlimited.