Zacks Options Trader

OPTIONS TRADER DISCLOSURE

Past performance is no guarantee of future results. Inherent in any investment is the potential for loss.

Zacks Investment Research, Inc. (ZIR) does not give individualized market advice. We publish information regarding companies in which we believe our readers may be interested and our reports reflect our sincere opinions. However, they are not intended to be personalized recommendations to buy, hold, or sell securities. Investments in the securities markets are speculative and involve substantial risk. Only you can determine what level of risk is appropriate for you. We encourage our readers to invest carefully and to utilize the information available at the web sites of the Securities and Exchange Commission at http://www.sec.gov and the Financial Industry Regulatory Authority (FINRA) at http://www.finra.org. You can review public companies' filings at the SEC's EDGAR page www.sec.gov/edgar.shtml. FINRA has published information on how to invest wisely at its web site. We encourage you to get personal advice from your professional investment advisor and to make independent investigations before acting on information that we publish.

ZIR limits the number of subscribers allowed in any one trading service in order to reduce the risk that too many traders will attempt identical trades and influence the market by causing the purchase of an excessive number of contracts. Once the ZIR subscriber limit is reached, ZIR may create a 'clone' of the fully subscribed trading service under the same strategies, guidelines and policies. However, subscribers to the newly created 'clone' service receive information concerning trades unique to that service. Collectively, these services make up a Series. Any alert service name that contains the word 'Series' is subject to this policy.

Most of ZIR’s information is derived directly from outside sources, including information published by the companies on which we report and/or from other sources we believe are reliable, without our independent verification of the information’s accuracy. Therefore, we cannot assure you that the information is accurate or complete. We do not in any way warrant or guarantee the success of any action which you take in reliance on our statements.

Our personnel may own positions in the equities mentioned in our reports. However, all employees are prohibited from any transaction that directly or indirectly competes with the interests of our subscribers. We are not compensated by the companies on which we report in any way for our publications.

PERFORMANCE FIGURES

Performance figures are based on hypothetical recommendations made by ZIR. Due to the time-critical nature of stock and options trading, brokerage fees, and the activity of other subscribers, ZIR cannot guarantee that subscribers will experience the same or similar performance results as stated on our track records or promotions. Performance numbers shown are based on trades subscribers could enter based on our tracking guidelines. Performance figures do not reflect the deduction fees, brokerage or other commissions, and any other expenses that a client would have paid or actually paid. Past results are not necessarily indicative of future performance. For details on Zacks performance, please visit: http://www.zacks.com/performance.

BENCHMARK

The S&P 500 Index is a well-known, unmanaged index of the prices of 500 large-company common stocks, mainly blue-chip stocks, selected by Standard & Poor’s. The S&P 500 Index assumes reinvestment of dividends but does not reflect advisory fees or other expenses. An investor cannot invest directly in this Index. The volatility of the benchmark may be materially different from the individual performance obtained by a specific investor.

LIMITATION ON ZIR LIABILITY

ZIR’s liability, whether in contract, tort, negligence, or otherwise, shall be limited in the aggregate to direct and actual damages not to exceed the fees received by ZIR from Subscriber. ZIR will not be liable for consequential, incidental, punitive, special, exemplary or indirect damages resulting directly or indirectly from the use of or reliance upon any material provided by ZIR. Without limitation, ZIR shall not be responsible or liable for any loss or damages related to, either directly or indirectly, (1) any decline in market value or loss of any investment; (2) a subscriber's inability to use or any delay in accessing ZIR’s website or any other source of material provided by ZIR; (3) any absence of material on ZIR’s website; (4) ZIR’s failure to deliver or delay in delivering any material or (5) any kind of error in transmission of material. ZIR and Subscriber acknowledge that, without limitation, the above-enumerated conditions cannot be the probable result of any breach of any agreement between ZIR and Subscriber.

DISCLAIMER OF WARRANTY

ANY AND ALL MATERIAL PROVIDED BY ZIR IS PROVIDED "AS IS" AND ZIR MAKES NO WARRANTY OF ANY KIND, EXPRESS OR IMPLIED, INCLUDING, WITHOUT LIMITATION, ANY WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE.

BROKERS

ZIR is not and will not be responsible for any trades made by a broker on the subscriber's behalf under any circumstances.

ACKNOWLEDGEMENT AND AGREEMENT

Notwithstanding any other agreement or other communications between ZIR and Subscriber to the contrary, receipt or use of any material provided by ZIR, at any time and through any means, whether directly or indirectly, represents acknowledgement by such person of this disclaimer and agreement with its terms and conditions.

COPYRIGHT NOTICE

Zacks Investment Research (Zacks.com), Inc is the copyright owner of all information contained in this service, except as otherwise indicated. Other parties' trademarks and service marks that may be referred to herein or in the service are the property of their respective owners. You may print a copy of the information contained herein for your personal use only. You may not reproduce or distribute the information to others or substantially copy the information on your own server, or link to ZIR’s website, without prior written permission of ZIR. Use or reproduction of information from this service for any other purpose is expressly prohibited, contained herein or therein, and may result in civil and criminal penalties. Violators will be prosecuted to the maximum extent possible.



OPTIONS TRADER DISCLOSURE Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. Zacks Investment Research, Inc. (ZIR) does not give individualized market advice. We publish information regarding companies in which we believe our readers may be interested and our reports reflect our sincere opinions. However, they are not intended to be personalized recommendations to buy, hold, or sell securities. Investments in the securities markets are speculative and involve substantial risk. Only you can determine what level of risk is appropriate for you. We encourage our readers to invest carefully and to utilize the information available at the web sites of the Securities and Exchange Commission at http://www.sec.gov and the Financial Industry Regulatory Authority (FINRA) at http://www.finra.org. You can review public companies' filings at the SEC's EDGAR page www.sec.gov/edgar.shtml. FINRA has published information on how to invest wisely at its web site. We encourage you to get personal advice from your professional investment advisor and to make independent investigations before acting on information that we publish. ZIR limits the number of subscribers allowed in any one trading service in order to reduce the risk that too many traders will attempt identical trades and influence the market by causing the purchase of an excessive number of contracts. Once the ZIR subscriber limit is reached, ZIR may create a 'clone' of the fully subscribed trading service under the same strategies, guidelines and policies. However, subscribers to the newly created 'clone' service receive information concerning trades unique to that service. Collectively, these services make up a Series. Any alert service name that contains the word 'Series' is subject to this policy. Most of ZIR’s information is derived directly from outside sources, including information published by the companies on which we report and/or from other sources we believe are reliable, without our independent verification of the information’s accuracy. Therefore, we cannot assure you that the information is accurate or complete. We do not in any way warrant or guarantee the success of any action which you take in reliance on our statements. Our personnel may own positions in the equities mentioned in our reports. However, all employees are prohibited from any transaction that directly or indirectly competes with the interests of our subscribers. We are not compensated by the companies on which we report in any way for our publications. PERFORMANCE FIGURES Performance figures are based on hypothetical recommendations made by ZIR. Due to the time-critical nature of stock and options trading, brokerage fees, and the activity of other subscribers, ZIR cannot guarantee that subscribers will experience the same or similar performance results as stated on our track records or promotions. Performance numbers shown are based on trades subscribers could enter based on our tracking guidelines. Performance figures do not reflect the deduction fees, brokerage or other commissions, and any other expenses that a client would have paid or actually paid. Past results are not necessarily indicative of future performance. For details on Zacks performance, please visit: http://www.zacks.com/performance. BENCHMARK The S&P 500 Index is a well-known, unmanaged index of the prices of 500 large-company common stocks, mainly blue-chip stocks, selected by Standard & Poor’s. The S&P 500 Index assumes reinvestment of dividends but does not reflect advisory fees or other expenses. An investor cannot invest directly in this Index. The volatility of the benchmark may be materially different from the individual performance obtained by a specific investor. LIMITATION ON ZIR LIABILITY ZIR’s liability, whether in contract, tort, negligence, or otherwise, shall be limited in the aggregate to direct and actual damages not to exceed the fees received by ZIR from Subscriber. ZIR will not be liable for consequential, incidental, punitive, special, exemplary or indirect damages resulting directly or indirectly from the use of or reliance upon any material provided by ZIR. Without limitation, ZIR shall not be responsible or liable for any loss or damages related to, either directly or indirectly, (1) any decline in market value or loss of any investment; (2) a subscriber's inability to use or any delay in accessing ZIR’s website or any other source of material provided by ZIR; (3) any absence of material on ZIR’s website; (4) ZIR’s failure to deliver or delay in delivering any material or (5) any kind of error in transmission of material. ZIR and Subscriber acknowledge that, without limitation, the above-enumerated conditions cannot be the probable result of any breach of any agreement between ZIR and Subscriber. DISCLAIMER OF WARRANTY ANY AND ALL MATERIAL PROVIDED BY ZIR IS PROVIDED "AS IS" AND ZIR MAKES NO WARRANTY OF ANY KIND, EXPRESS OR IMPLIED, INCLUDING, WITHOUT LIMITATION, ANY WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE. BROKERS ZIR is not and will not be responsible for any trades made by a broker on the subscriber's behalf under any circumstances. ACKNOWLEDGEMENT AND AGREEMENT Notwithstanding any other agreement or other communications between ZIR and Subscriber to the contrary, receipt or use of any material provided by ZIR, at any time and through any means, whether directly or indirectly, represents acknowledgement by such person of this disclaimer and agreement with its terms and conditions. COPYRIGHT NOTICE Zacks Investment Research (Zacks.com), Inc is the copyright owner of all information contained in this service, except as otherwise indicated. Other parties' trademarks and service marks that may be referred to herein or in the service are the property of their respective owners. You may print a copy of the information contained herein for your personal use only. You may not reproduce or distribute the information to others or substantially copy the information on your own server, or link to ZIR’s website, without prior written permission of ZIR. Use or reproduction of information from this service for any other purpose is expressly prohibited, contained herein or therein, and may result in civil and criminal penalties. Violators will be prosecuted to the maximum extent possible.