Closed 2014 Trades

Stock Ticker Stock Name and Position Option
Ticker
Date
Opened
Price
Opened
Date
Closed
Price
Closed
Return
FLEX FlextronicsOctober 11 calls FLEX141018C00011000 8/25/2014 $0.33 9/5/2014 $0.57 72.73%
KERX Keryx BiopharmaceuticalsSeptember 18 calls KERX140920C00018000 8/20/2014 $0.75 9/5/2014 $1.66 121.33%
SNE SonyOctober 19 calls SNE141018C00019000 8/18/2014 $0.45 9/5/2014 $0.75 66.70%
SNE SonySeptember 19 calls SNE140920C00019000 8/20/2014 $0.45 9/5/2014 $0.53 16.70%
SNE SonyOctober 20 calls SNE141018C00020000 8/20/2014 $0.25 9/4/2014 $0.39 56.00%
MGM MGM Resorts InternationalOctober 24 puts MGM141018P00024000 8/28/2014 $0.65 9/3/2014 $0.90 38.46%
AKS AKS Steel HoldingOctober 12 calls AKS141018C00012000 8/26/2014 $0.42 9/29/2014 $0.03 -92.86%
APOL Apollo GroupNovember 24 puts APOL141122P00024000 9/22/2014 $0.85 9/29/2014 $0.86 1.18%
QQQ PowerShares QQQOctober 98 puts QQQ141018P00098000 9/25/2014 $1.10 9/26/2014 $1.15 4.55%
WWE World Wrestling FederationOctober 16 calls WWE141018C00016000 9/11/2014 $0.45 9/22/2014 $0.10 -77.78%
FCX Freeport-McMoRanOctober 35 calls FCX141018C00035000 9/16/2014 $0.75 9/22/2014 $0.20 -73.33%
ARUN Aruba NetworksOctober 23 calls ARUN141018C00023000 9/18/2014 $0.75 9/22/2014 $0.75 0.00%
SPY S&P 500 SpidersSeptember 180 puts SPY140920P00180000 8/7/2014 $1.25 9/19/2014 $0.00 -100.00%
SNE SonyJanuary 20 calls SNE150117C00020000 9/15/2014 $1.05 9/18/2014 $0.50 -52.38%
MGM MGM Resorts InternationalNovember 22 puts MGM141122P00022000 9/10/2014 $0.40 9/18/2014 $0.60 50.00%
SNE SonyOctober 20 calls SNE141018C00020000 9/15/2014 $0.40 9/18/2014 $0.10 -75.00%
MGM MGM Resorts InternationalOctober 24 puts MGM141018P00024000 9/10/2014 $0.65 9/16/2014 $1.50 130.77%
FTNT FortinetSeptember 28 calls FTNT140920C00028000 6/30/2014 $0.55 9/15/2014 $0.10 -81.82%
QQQ PowerShares QQQOctober 102 calls QQQ141018C00102000 9/5/2014 $0.52 9/12/2014 $0.43 -17.31%
IWM iShares Russell 2000October 120 calls IWM141018C00120000 9/5/2014 $0.62 9/12/2014 $0.35 -43.55%
CVS CVS CaremarkSeptember 82.50 calls CVS140920C00082500 7/28/2014 $0.45 9/12/2014 $0.10 -77.78%
WWE World Wrestling FederationSeptember 15 calls WWE140920C00015000 8/6/2014 $0.50 9/11/2014 $0.50 0.00%
YHOO YahooOctober 43 calls YHOO141018C00043000 8/11/2014 $0.80 9/10/2014 $1.60 100.00%
GM General MotorsSeptember 32 puts GM140920P00032000 6/23/2014 $0.40 8/8/2014 $0.70 75.00%
WWE World Wrestling Federation
September 13 calls
WWE140920C00013000 7/30/2014 $0.50 8/7/2014 $1.17 133.00%
RFMD RF Micro Devices
November 12 calls
RFMD141122C00012000 7/29/2014 $0.70 8/5/2014 $0.85 21.00%
RFMD RF Micro Devices
September 12 calls
RFMD140920C00012000 7/29/2014 $0.45 8/5/2014 $0.50 11.00%
YHOO YahooSeptember 38 calls YHOO140920C00038000 8/11/2014 $1.25 8/27/2014 $1.70 36.00%
FOSL FossilSeptember 90 puts FOSL140920P00090000 8/12/2014 $1.05 8/21/2014 $0.25 -76.00%
GTAT GT Advanced TechnologiesSeptember 20 calls GT140920C00020000 8/18/2014 $0.70 8/20/2014 $0.80 14.30%
SNE SonySeptember 18 calls SNE140920C00018000 8/14/2014 $0.50 8/20/2014 $0.93 87.00%
EXAS Exact SciencesSeptember 18 calls EXAS140920C00018000 8/8/2014 $0.75 8/12/2014 $1.55 106.67%
EXAS Exact SciencesOctober 19 calls EXAS141018C00019000 8/8/2014 $0.75 8/12/2014 $1.60 113.33%
MGM MGM ResortsSeptember 25 puts MGM140920P00025000 8/6/2014 $0.80 8/11/2014 $1.10 37.50%
IWM iShares Russell 2000August 118 calls IWM140816C00118000 7/22/2014 $0.60 8/1/2014 $0.05 -91.67%
FTNT FortinetAugust 27 calls FTNT140816C00027000 6/30/2014 $0.55 7/7/2014 $0.60 9.09%
IMAX ImaxSeptember 30 calls IMAX140920C00030000 6/30/2014 $0.60 7/7/2014 $0.60 0.00%
APOL Apollo GroupAugust 23 puts APOL140816P00023000 4/28/2014 $0.70 7/29/2014 $0.05 -92.86%
RGC Regal EntertainmentAugust 20 puts RGC140816P00020000 7/24/2014 $0.30 7/28/2014 $0.40 33.33%
ALXA Alexza PharmaceuticalsJanuary 5 calls 2015 ALXA150117C00005000 7/14/2014 $0.75 7/28/2014 $0.80 6.67%
QQQ PowerShares QQQAugust 98 calls QQQ140816C00098000 7/22/2014 $0.50 7/25/2014 $0.55 10.00%
LLNW Limelight NetworksSeptember3 calls LLNW140920C00003000 6/4/2014 $0.15 7/25/2014 $0.30 100.00%
LLNW Limelight NetworksDecember 3 calls LLNW141220C00003000 6/4/2014 $0.20 7/25/2014 $0.40 100.00%
RMBS RambusAugust 15 calls RMBS140816C00015000 6/30/2014 $0.60 7/23/2014 $0.07 -88.33%
RMBS RambusAugust 16 calls RMBS140816C00016000 6/30/2014 $0.33 7/23/2014 $0.05 -84.85%
FAST FastenalAugust 50 calls FAST140816C00050000 7/10/2014 $0.80 7/11/2014 $0.15 -81.25%
MCD McDonald’sJuly 95 puts MCD140719P00095000 5/6/2014 $0.70 7/11/2014 $0.05 -92.86%
KIRK Kirkland’sJune 15 puts KIRK140621P00015000 5/21/2014 $0.45 6/9/2014 $0.15 -66.67%
CVS CVS CaremarkJuly 80 calls CVS140719C00080000 5/28/2014 $0.52 6/3/2014 $0.73 41.02%
BBRY BlackBerryAugust 9 calls BBRY140816C00009000 6/18/2014 $0.45 6/25/2014 $1.04 130.56%
BBBY Bed, Bath & BeyondAugust 55 puts BBBY140816P00055000 5/14/2014 $0.63 6/23/2014 $0.65 3.17%
IMAX ImaxSeptember 28 calls LLNW140920C00028000 6/5/2014 $0.60 6/23/2014 $1.25 108.33%
CVS CVS CaremarkAugust 80 calls CVS140816C00080000 6/18/2014 $0.60 6/23/2014 $0.60 0.00%
RMBS RambusAugust 15 calls RMBS140816C00015000 6/13/2014 $0.40 6/23/2014 $0.75 87.50%
TWTR TwitterJanuary 50 calls 2015 TWTR150117C00050000 5/8/2014 $1.75 6/20/2014 $2.20 25.71%
APOL Apollo GroupJune 25 puts APOL140621P00025000 4/28/2014 $0.55 6/20/2014 $0.00 -100.00%
BBBY Bed, Bath & BeyondJune 60 puts BBBY140621P00060000 5/14/2014 $0.60 6/20/2014 $0.10 -83.33%
FTNT FortinetJuly 24 calls FTNT140719C00024000 5/30/2014 $0.45 6/20/2014 $0.85 88.89%
FTNT FortinetJuly 25 calls FTNT140719C00025000 6/4/2014 $0.25 6/20/2014 $0.48 90.00%
IWM iShares Russell 2000June103 puts IWM140621P00103000 5/20/2014 $0.68 6/20/2014 $0.00 -100.00%
HERO Hercules OffshoreOctober 5 calls KOG141018C00005000 6/11/2014 $0.35 6/20/2014 $0.35 0.00%
KOG Kodiak Oil & GasJuly 14 calls KOG140721C00014000 6/11/2014 $0.35 6/17/2014 $0.40 14.29%
DIA Dow SPDR (DIA) May 167 calls DIA140517C00167000 4/22/2014 $0.65 5/6/2014 $0.15 -76.92%
EMC EMCMay 29 calls EMC140517C00029000 3/21/2014 $0.50 5/5/2014 $0.02 -96.00%
POT PotashJune 37 calls POT140621C00037000 4/28/2014 $0.60 5/5/2014 $0.70 16.67%
GM General MotorsSeptember 30 puts GM140920P00030000 5/20/2014 $0.70 5/22/2014 $0.75 7.14%
BAC Bank of AmericaJuly 14 puts BAC140719P00014000 5/6/2014 $0.26 5/21/2014 $0.28 5.77%
BAC Bank of AmericaJune 15 puts BAC140621P00015000 5/6/2014 $0.50 5/21/2014 $0.60 20.00%
KOG Kodiak Oil & GasJune 13 calls KOG140621C00013000 5/1/2014 $0.60 5/2/2014 $0.50 -16.67%
ARIA Ariad PharmaceuticalsMay 11 calls ARIA140517C00011000 1/28/2014 $1.05 5/17/2014 $0.00 -100.00%
MS Morgan StanleyMay 33 calls MS140517C00033000 4/1/2014 $0.40 5/17/2014 $0.00 -100.00%
RFMD RF Micro Devices August 9 calls RFMD140816C00009000 4/22/2014 $0.45 5/15/2014 $0.55 22.22%
GRMN GarminMay 62.50 calls GRMN140517C00062500 4/9/2014 $0.65 5/17/2014 $0.00 -100.00%
AXP American ExpressJuly 92.50 calls AXP140719C00092500 4/22/2014 $1.15 5/13/2014 $1.28 10.87%
QQQ PowerShares QQQApril 90 calls QQQ140419C00090000 3/14/2014 $0.60 4/3/2014 $0.73 22.17%
RMBS RambusMay 12 calls RMBS140517C00012000 4/11/2014 $0.45 4/28/2014 $0.60 33.33%
KOG Kodiak Oil & GasMay 13 calls KOG140517C00013000 4/3/2014 $0.55 4/25/2014 $0.65 18.18%
KOG Kodiak Oil & GasJune 13 calls KOG140619C00013000 2/13/2014 $0.70 4/25/2014 $0.90 28.57%
IWM iShares Russell 2000April 120 calls IWM140419C00120000 3/24/2014 $0.70 4/2/2014 $0.75 7.14%
EXAS Exact SciencesApril 19 calls EXAS140419C00019000 1/22/2014 $0.88 4/19/2014 $0.00 -100.00%
SNE SonyApril 20 calls SNE140419C00020000 1/8/2014 $0.55 4/19/2014 $0.00 -100.00%
FINL Finish LineApril 30 calls FINL140419C00030000 3/20/2014 $0.50 4/19/2014 $0.00 -100.00%
ZNGA ZyngaApril 5.50 calls ZNGA140419C00005500 3/12/2014 $0.55 4/19/2014 $0.00 -100.00%
EMC EMCApril 28 calls EMC140419C00028000 3/21/2014 $0.50 4/19/2014 $0.00 -100.00%
APOL Apollo GroupMay 30 puts APOL140517P00030000 4/7/2014 $0.90 4/17/2014 $2.55 183.33%
RMBS RambusMay 11 calls RMBS140517C00011000 3/31/2014 $0.55 4/10/2014 $0.80 45.45%
KOG Kodiak Oil & GasMarch 12 calls KOG140322C00012000 2/14/2013 $0.60 3/5/2014 $0.65 8.33%
SPY S&P 500 SpidersMarch 188 calls SPY140322C00188000 2/27/2014 $0.75 3/3/2014 $1.05 40.00%
VLO Valero EnergyApril 57.50 calls VLO140419C00057500 3/14/2014 $1.05 3/27/2014 $0.25 -76.19%
IR Ingersoll-RandApril 60 calls IR140419C00060000 3/18/2014 $1.05 3/26/2014 $0.40 -61.90%
OPK Opko HealthApril 10 calls OPK140419C00010000 3/4/2014 $0.65 3/25/2014 $0.25 -61.54%
MS Morgan StanleyApril 33 calls MS140419C00033000 3/17/2014 $0.42 3/24/2014 $0.66 57.74%
CAT CaterpillarMarch 85 puts CAT140322P00085000 1/29/2014 $0.75 3/21/2014 $0.00 -100.00%
MCD McDonald’sMarch 90 puts MCD140322P00090000 2/5/2014 $0.80 3/21/2014 $0.00 -100.00%
ARIA Ariad PharmaceuticalsMarch 10 calls ARIA140322C00010000 1/28/2014 $0.95 3/21/2014 $0.00 -100.00%
GE General EletricMarch 28 calls GE140322C00028000 1/7/2014 $0.45 3/21/2014 $0.00 -100.00%
APOL Apollo Education GroupMarch 29 puts CAT140322P00029000 2/4/2014 $0.50 3/21/2014 $0.00 -100.00%
QQQ PowerShares QQQApril 90 calls QQQ140419C00090000 3/24/2014 $1.10 3/19/2014 $1.28 16.64%
VZ VerizonApril 45 puts VZ140419P00045000 3/10/2014 $0.62 3/17/2014 $0.68 8.87%
DSCO Discovery LabsApril 2 calls DSCO140419C00002000 2/24/2014 $0.65 3/13/2014 $0.60 -7.69%
WWE World Wrestling EntertainmentMarch 30 calls WWE140322C00030000 2/18/2014 $0.40 3/12/2014 $1.21 203.13%
IR Ingersoll-RandApril 62.50 calls IR140419C00062500 2/27/2014 $0.90 3/10/2014 $0.95 5.56%
ARUN Aruba NetworksApril 23 calls ARUN140419C00023000 3/5/2014 $0.65 3/11/2014 $0.65 0.00%
KKD Krispy Kreme DoughnutsMarch 16 puts KKD140322P00016000 1/27/2014 $0.70 2/6/2014 $0.90 28.57%
PM Philip MorrisMarch 75 puts PM140322P00075000 1/31/2014 $0.85 2/6/2014 $1.35 58.82%
BBRY BlackBerryFebruary 11 calls BBRY140222C00011000 1/22/2014 $0.65 2/3/2014 $0.10 -84.62%
QQQ PowerShares QQQFebruary 90 calls QQQ140222C00090000 1/22/2014 $0.75 2/3/2014 $0.07 -90.67%
SLM SLMFebruary 27 calls SLM140222C00027000 1/13/2014 $0.60 2/3/2014 $0.02 -96.67%
PHM PulteGroupFebruary 22 calls PHM140222C00022000 1/3/2014 $0.40 2/3/2014 $0.10 -75.00%
HRB H&R BlockMarch 32 calls HRB140322C00032000 2/11/2014 $0.60 2/27/2014 $0.82 36.12%
IR Ingersoll-RandMarch 60 calls IR140322C00060000 2/13/2014 $0.85 2/25/2014 $1.40 64.71%
SNE SonyFebruary 19 calls SNE140222C00019000 1/8/2014 $0.45 2/21/2014 $0.00 -100.00%
GALE Galena BiopharmaApril 6 calls GALE140419C00006000 2/10/2014 $0.75 2/14/2014 $0.35 -53.33%
IMAX IMAXDecember 32 calls IMAX141220C00032000 11/12/2014 $0.35 12/9/2014 $0.06 -82.86%
DMND Diamond FoodsDecember 32 calls DMND141220C00032000 11/18/2014 $0.87 12/9/2014 $0.06 -93.10%
AXP American ExpressJanuary 95 calls AXP150117C00095000 12/3/2014 $0.75 12/9/2014 $1.20 60.00%
RBCN RubiconDecember 8 calls RBCN141220C00008000 8/25/2014 $0.35 12/9/2014 $0.05 -85.71%
JDSU JDS UniphaseMarch 14 calls JDSU150320C00014000 12/3/2014 $0.70 12/31/2014 $0.80 14.29%
FLEX FlextronicsJanuary 11 calls FLEX150117C00011000 9/5/2014 $0.68 12/31/2014 $0.45 -33.82%
MRVL Marvel January 15 calls MRVL150117C00015000 12/11/2014 $0.35 12/31/2014 $0.20 -42.86%
QQQ PowerShares QQQJanuary 107 calls QQQ150117C00107000 12/5/2014 $0.98 12/30/2014 $0.30 -69.39%
AXP American ExpressJanuary 95 calls AXP150117C00095000 12/15/2014 $0.60 12/30/2014 $1.28 112.50%
IWM iShares Russell 2000January 121 calls IWM150117C00121000 12/5/2014 $0.90 12/30/2014 $1.60 77.78%
JNPR Juniper NetworksJanuary 23 calls JNPR150117C00023000 12/19/2014 $0.36 12/30/2014 $0.37 2.78%
PFE PfizerMarch 33 calls PFE150320C00033000 12/8/2014 $0.68 12/29/2014 $0.40 -41.18%
PFE PfizerFebruary 33 calls PFE150220C00033000 12/8/2014 $0.57 12/29/2014 $0.30 -47.37%
FTNT FortinetMarch 32 calls FTNT150320C00032000 12/18/2014 $1.00 12/29/2014 $1.45 45.00%
JNPR Juniper NetworksApril 24 calls JNPR150417C00024000 12/19/2014 $0.81 12/29/2014 $0.82 1.23%
FTNT FortinetDecember 29 calls FTNT141220C00029000 9/2/2014 $0.95 12/18/2014 $0.50 -47.37%
IBM International Business MachinesJanuary 170 calls IBM150117C00170000 11/10/2014 $1.75 12/16/2014 $0.25 -85.71%
JDSU JDS UniphaseJanuary 13 calls JDSU150117C00013000 12/3/2014 $0.65 12/12/2014 $0.80 23.08%
VEEV Veeva SystemsDecember 32 calls VEEV141220C00032000 11/25/2014 $0.50 12/1/2014 $1.03 105.00%
TWTR TwitterJanuary 67.50 calls TWTR150117C00067500 10/21/2014 $0.90 12/1/2014 $0.05 -94.44%
HLT Hilton Worldwide HoldingsJanuary 26 calls HLT150117C00026000 11/14/2014 $0.80 12/1/2014 $0.85 6.25%
AKS AKS Steel HoldingJanuary 13 calls AKS150117C00013000 8/26/2014 $0.52 12/1/2014 $0.06 -88.46%
HLT Hilton Worldwide HoldingsDecember 26 calls HLT141220C00026000 11/14/2014 $0.50 12/1/2014 $0.50 0.00%
QQQ PowerShares QQQJanuary 106 calls QQQ150117C00106000 11/18/2014 $0.98 12/1/2014 $1.30 32.65%
QQQ PowerShares QQQDecember 105 calls QQQ141220C00105000 11/18/2014 $0.80 12/1/2014 $1.15 43.75%
QQQ PowerShares QQQ
November 102 calls
QQQ141122C00102000 10/30/2014 $0.48 11/4/2014 $1.05 118.75%
MCD McDonald’sNovember 85 puts MCD141122P00085000 10/15/2014 $0.70 11/4/2014 $0.05 -92.86%
ARUN Aruba Networks
November 23 calls
ARUN141122C00023000 10/30/2014 $0.50 11/4/2014 $0.65 30.00%
BBY Best BuyDecember 39 calls BBY141220C00039000 11/13/2014 $0.60 11/25/2014 $1.02 69.17%
SBUX StarbucksDecember 80 calls SBUX141220C00080000 11/6/2014 $0.70 11/26/2014 $1.40 100.00%
SPLS StaplesDecember 14 calls SPLS141220C00014000 9/18/2014 $0.45 11/19/2014 $0.50 11.11%
SBUX StarbucksDecember 77.50 calls SBUX141220C00077500 11/3/2014 $1.05 11/18/2014 $1.65 57.14%
QQQ PowerShares QQQDecember 5th expiration 103 calls QQQ141205C00103000 11/4/2014 $0.85 11/17/2014 $0.98 14.71%
JPM JPMorgan ChaseDecember 62.50 calls JPM141220C00062500 11/5/2014 $0.65 11/11/2014 $0.70 7.70%
QQQ PowerShares QQQNovember 99 calls QQQ141122C00099000 10/8/2014 $1.40 10/9/2014 $1.45 3.57%
SPY S&P 500 SpidersNovember 200 calls SPY141122C00200000 10/8/2014 $1.25 10/9/2014 $1.30 4.00%
MCD McDonald’s
November 90 puts
MCD141122P00090000 10/2/2014 $0.90 10/8/2014 $0.92 2.22%
WAG WalgreenOctober 56.50 puts (Weekly) WAG141010P00056500 9/29/2014 $0.45 10/3/2014 $0.02 -95.56%
CAT CaterpillarNovember 90 puts CAT141122P00090000 10/1/2014 $1.05 10/3/2014 $1.08 2.86%
KKD Krispy Kreme DoughnutsNovember 16 puts KKD141122P00016000 10/1/2014 $0.40 10/29/2014 $0.05 -87.50%
APOL Apollo GroupNovember 23 puts APOL141122P00023000 10/8/2014 $0.70 10/29/2014 $0.09 -87.14%
MDLZ Mondelez InternationalDecember 35 calls MDLZ141220C00035000 10/17/2014 $0.37 10/29/2014 $0.83 124.32%
BABA AlibabaNovember 95 calls BABA141122C00095000 10/21/2014 $2.30 10/29/2014 $4.90 113.04%
QQQ PowerShares QQQNovember 100 calls QQQ141122C00100000 10/10/2014 $0.60 10/29/2014 $1.00 66.67%
FLEX FlextronicsOctober 12 calls FLEX141018C00012000 9/5/2014 $0.07 10/17/2014 $0.00 -100.00%
POOL PoolOctober 50 puts POOL141018P00050000 7/16/2014 $1.10 10/16/2014 $0.05 -95.45%
GM General MotorsDecember 32 puts GM141220P00032000 9/22/2014 $0.95 10/1/2014 $1.15 21.05%
FCX Freeport-McMoRanNovember 36 calls FCX141122C00036000 9/16/2014 $0.70 10/1/2014 $0.15 -78.57%
ARIA Ariad PharmaceuticalsJanuary 7 calls ARIA140118C00007000 12/3/2013 $0.45 1/6/2014 $0.70 55.56%
ARIA Ariad PharmaceuticalsFebruary 8 calls ARIA140222C00008000 1/17/2014 $0.45 1/27/2014 $1.28 183.33%
ARUN Aruba NetworksFebruary 21 calls ARUN140222C00021000 1/14/2014 $0.55 1/23/2014 $1.12 103.04%
GALE Galena BiopharmaFebruary 6 calls GALE140222C00006000 1/7/2014 $0.40 1/21/2014 $0.83 108.25%
QQQ PowerShares QQQJanuary 89 calls QQQ140118C00089000 12/24/2013 $0.40 1/2/2014 $0.43 6.25%
PHM Pulte GroupJanuary 20 calls PHM140118C00020000 11/27/2013 $0.50 1/2/2014 $0.62 23.32%
HRB H&R BlockFebruary 30 calls HRB140222C00030000 1/3/2014 $0.65 1/15/2014 $0.73 12.82%
GALE Galena BiopharmaJanuary 2.50 calls GALE140118C00002500 11/11/2013 $0.30 1/13/2014 $2.75 816.67%

CFTC Disclosure:

GOVERNMENT REGULATIONS REQUIRE DISCLOSURE OF THE FACT THAT WHILE THESE METHODS MAY HAVE WORKED IN THE PAST, PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE PERFORMANCE. WHILE THERE IS A POTENTIAL FOR PROFITS THERE IS ALSO A RISK OF LOSS. A LOSS INCURRED IN CONNECTION WITH Momentum Options Trading, LLC CAN BE SIGNIFICANT. YOU SHOULD THEREFORE CAREFULLY CONSIDER WHETHER TRADING IS SUITABLE FOR YOU IN LIGHT OF YOUR FINANCIAL CIRCUMSTANCE. THERE IS SUBSTANTIAL RISK IN TRADING. A LOSS INCURRED IN CONNECTION WITH FUTURES TRADING CAN BE SIGNIFICANT. WE MAKE NO CLAIM REGARDING PAST OR FUTURE PERFORMANCE. WE MERELY TRACK EVERY TRADE AND SHOW THE PERFORMANCE OF ALL TRADES THE SYSTEM OR NEWSLETTER PRODUCES. SIMULATED TRADING IS DIFFERENT THAN TRADING REAL MONEY. HYPOTHETICAL RESULTS ARE NOT REAL RESULTS. PLEASE CONTACT YOUR BROKER ABOUT THE RISK OR TRADING STOCKS, OPTIONS OR FUTURES. ALL COMMUNICATIONS ARE OPINIONS NOT ADVICE.

CFTC RULE 4.41 – HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.