Disclaimer

Options GPS Disclaimers & Disclosures

1. Options GPS is an educational product which, along with its related website, publications, and other services (collectively, the "Course"), is prepared by Ron Ianieri and Chris Rowe (hereinafter referred to as the "Editors"), published by Tycoon Publishing LLC, and offered to the general public on a paid basis.

2. Tycoon Publishing LLC is strictly a research publishing firm and falls within the publisher's exemption of the definition of an "investment advisor" and is of general and regular circulation. None of our trading or investing newsletters, services, interviews, educational programs or any other form of communication provides individual customized investment advice. The information we provide and publish is based on our opinions plus our statistical and financial data and independent research. They do not reflect the views or opinions of any other newsletter.

3. We are strictly a financial publisher and do not provide personalized trading or investment advice. Again, we are a financial publisher. We publish information regarding stocks, options, futures, commodities, currencies or any other securities in which we believe our subscribers may be interested and our reports reflect our sincere opinions. However, the information in our publications is not intended to be personalized recommendations to buy, hold, or sell a particular security or invest in securities. As a financial publisher, we do not or cannot offer personalized trading or investment advice to our subscribers. If a subscriber chooses to engage in trading or investing that he or she does not fully understand, we may not advise the subscriber on what to do to salvage a position gone wrong. We also may not address winning positions or personal trading or investing ideas with subscribers. Therefore, subscribers will need to depend on their own mastery of the details of trading and investing in order to handle problematic situations that may arise, including the consultation of their own brokers and financial advisors as they deem appropriate.

4. Neither the Editors, the publisher, nor any of its employees or members is responsible for any errors or omissions in any of our newsletters or educational products. The commentary, analysis, opinions, advice and recommendations in the Course represent the personal and subjective views of the Editors, and are subject to change at any time without notice. The information provided in the Course contains material which is obtained from sources which the Editors believes to be reliable. However, the Editors has not independently verified or otherwise investigated all such information. Neither the Editors, the publisher, nor any of their respective affiliates guarantees the accuracy or completeness of any such information. Our newsletters and Educational material are not a solicitation or offer to buy or sell any securities.

5. Please note the specific regulatory disclosures below:

   1. If there are any changes they will be disclosed on the web site.

   2. The Course is not a solicitation or offer to buy or sell any securities. Further, the Course is in no way intended to be a solicitation for private money management services.

   3. Investing involves substantial risk. Neither the Editors, the publisher, nor any of their respective affiliates make any guarantee or other promise as to any results that may be obtained from using the Course. No subscriber should make any investment decision without first consulting his or her own personal financial advisor and conducting his or her own research and due diligence, including carefully reviewing the prospectus and other public filings of the issuer. To the maximum extent permitted by law, the Editors, the publisher and their respective affiliates disclaim any and all liability in the event any information, commentary, analysis, opinions, advice and/or recommendations in the Course prove to be inaccurate, incomplete or unreliable, or result in any investment or other losses.

   4. Don't enter any trade without fully understanding the worst-case scenarios of that trade. Trading securities like stock options can be extremely complicated, so make sure you understand these trades before entering into them. For example, aggressive positions in options have a greater probability of losing, while less aggressive positions are less likely to yield substantial profits. Similarly, far out-of-the-money options are unlikely to finish in the money, and options purchased close to their expiration dates are very high-risk and, thus, likely to win big or lose big very quickly. Don't enter any trade without fully understanding the worst-case scenarios of that trade.

   5. It is incumbent on the subscriber to use the Course in a manner that the subscriber deems most appropriate to him. The Publisher is providing the Course as a purely educational product.

   6. Subscribers may submit questions to Options GPS by writing to our help page. However, since the Course is impersonal and does not provide individualized advice for specific subscribers, the Editors can only answer questions of a general nature.

   7. Any subscriber who would like a copy of these "Disclaimers and Disclosures" may request a copy by calling 877-4-TYCOON or writing to Tycoon Publishing, LLC, 110 East Atlantic Avenue, Suite 210, Delray Beach, FL. 33444, Attention: Disclosure (whereupon a copy will be mailed or faxed to such subscriber.)

GENERAL RISKS OF TRADING AND INVESTING

We believe it is vitally important that you read and fully understand the following risks of trading and investing:

All securities trading, whether in stocks, options, or other investment vehicles, is speculative in nature and involves substantial risk of loss. We encourage our subscribers to invest carefully and to utilize the information available at the websites of the Options Clearing Corporation http://www.optionsclearing.com, the Securities and Exchange Commission at http://www.sec.gov and the Financial Industry Regulatory Authority at http://www.finra.org. You can review public companies filings at the SEC's EDGAR page. FINRA has published information on how to invest carefully at its website. We also encourage you to get personal advice from your professional investment advisor and to make independent investigations before acting on information that we publish. We do not in any way warrant or guarantee the success of any action you take in reliance on the Course.

   1. You may lose money trading and investing. Trading and investing in securities is always risky. For that reason, you should trade or invest only "risk capital" - money you can afford to lose.

   2. Past performance is not necessarily indicative of future results. All investments carry risk and all trading decisions of an individual remain the responsibility of that individual. There is no guarantee that systems, indicators, or trading signals will result in profits or that they will not result in losses. All investors are advised to fully understand all risks associated with any kind of trading or investing they choose to do.

   3. Hypothetical or simulated performance is not indicative of future results. Unless specifically noted otherwise, profit examples provided in the websites and publications may be based on hypothetical or simulated trading, which means they are done on paper or electronically based on real market prices at the time the recommendation is disseminated to the subscribers of this service, but without actual money being invested. Also, such examples do not include the costs of subscriptions, commissions, and other fees, or examples of other recommendations as to which there were losses utilizing the timing at the time of the recommendations. Because the trades underlying these examples have not actually been executed, the results may understate or overstate the impact of certain market factors, such as lack of liquidity (discussed below). Simulated trading programs in general are also designed with the benefit of hindsight, which may not be relevant to actual trading. We make no representations or warranties that any account will or is likely to achieve profits similar to those shown, because hypothetical or simulated performance is not necessarily indicative of future results.

   4. Don't enter any trade without fully understanding the worst-case scenarios of that trade. Trading securities like stock options can be extremely complicated, so make sure you understand these trades before entering into them. For example, aggressive positions in options have a greater probability of losing, while less aggressive positions are less likely to yield substantial profits. Similarly, far out-of-the-money options are unlikely to finish in the money, and options purchased close to their expiration dates are very high-risk and, thus, likely to win big or lose big very quickly. Don't enter any trade without fully understanding the worst-case scenarios of that trade.

   5. We are a financial publisher and do not provide personalized trading or investment advice. We are a financial publisher. As a financial publisher, we are not legally permitted to offer personalized trading or investment advice to our subscribers. If a subscriber chooses to engage in trading or investing that he or she does not fully understand, we may not advise the subscriber on what to do to salvage a position gone wrong. We also may not address winning positions or personal trading or investing ideas with subscribers. Therefore, subscribers will need to depend on their own mastery of the details of trading and investing in order to handle problematic situations that may arise, including the consultation of their own brokers and advisors as they deem appropriate.

SPECIFIC RISKS OF OPTIONS TRADING

When you open a brokerage account that allows you to trade options contracts, you should receive a booklet entitled "Characteristics and Risks of Standardized Options," which is also available on the Chicago Board Options Exchange website at http://www.cboe.com/resources/intro.asp. This booklet contains an in-depth discussion of the characteristics and risks associated with stock options trading. We strongly encourage you to carefully read and understand this information.

    * Assignment of exercise to writers (short-sellers). As a writer (short-seller) of a stock option, you may be assigned an exercise at any time from the date of sale through approximately two days after the date of expiration. The consequences of being assigned an exercise depend upon whether the writer (short-seller) of a call is covered or uncovered, as discussed below. Since an option writer (short-seller) may not be informed of the assignment of exercise until up to two days after expiration, special risks can come into play. For example, an option writer (short-seller) who sells out their underlying position upon expiration may find out the next day that they have to surrender stock they do not now own.

    * Risk of unlimited losses for uncovered writers (short-sellers) of call options. A "naked" or uncovered writer (short-seller) of a call option is at substantial risk should the value of the underlying stock move unfavorably against the position. For a naked call writer (short-seller) , the risk of loss is theoretically unlimited. The obligation of a naked writer (short-seller) that is not secured by cash to meet applicable margin requirements creates additional risks. A harsh adverse move in stock prices can create steep margin call scenarios in which a brokerage firm may liquidate other holdings in the writer's (short-seller's) account(s) to cover the option. Since price fluctuations in options tends to be magnified relative to the underlying stock, the writer (short-seller) of naked options may be at significantly greater risk than a short seller of the underlying stock when comparing the loss in absolute dollars as a percentage of the required capital outlay.

    * Deep out-of-the-money options carry a higher risk of loss. Although purchasing stock options at strike prices significantly above (in the case of call options) or below (in the case of put options) the current market price can be very inexpensive, you are at high risk of losing your money. There are two versions of deep out-of-the-money options: A deep out-of-the-money call is an option to purchase 100 shares of stock at a price far above the current market price. A deep out-of-the-money put is an option to sell 100 shares of stock at a price far below the current market price. Although these options seem inexpensive, the chances of making a profit on such transactions are extremely low.

    * Options contracts allow traders/investors to control shares of stock by using a fraction of the amount of capital it would take to buy or sell the shares outright.

    * Out-of-the-money options near their expiration date carry a high risk of loss. The closer you buy an out-of-the-money option to its expiration date, the less likely it is to end up profitable. Although these options are cheap, in order to win in such situations, you will need precise timing and the occurrence of a major event that significantly moves the underlying future in your favor. Therefore, the risk associated with these options is high and you are likely to lose your entire investment in these positions.

Each premium service we provide will offer a special discussion of risks. As you move through the educational materials that teach you how to use each service, be sure to carefully read the risks section. It elaborates on risks specific to the types of recommendations you might see in that service. Do not enter any trade without understanding all risks associated with that type of trading.

Conclusion: Once again, we stress the importance of understanding all of the risks of any form of trading or investing that you choose to do. One should fully understand the worst-case scenario prior to trading or investing real dollars. Past performance is not necessarily indicative of future results. Tycoon Publishing LLC does not assume any responsibility for any financial losses of any kind that are incurred by Tycoon Publishing LLC's customers. You assume full responsibility for all trading actions, and should make every effort to understand the risks involved.