Disclaimer

•Option trading involves substantial risk and is not suitable for all investors. We cannot and will not guarantee that you will not lose money or that you will make money from the information found on this course and / or affiliated products / services. Past results do not guarantee future results. You can lose money trading options and the loss can be substantial. Losing trades can occur, have occurred in the past, and will occur in the future. Don't trade with money you can't afford to lose. Only risk capital should be invested since it is possible to lose all of your principal. Your use of this course and affiliated products / services is at your own risk. You should read "Characteristics and Risks of Standardized Options" (http://www.cboe.com/trading-resources/characteristics-and-risks-of-standardized-options) to further understand the risks of trading options.

•We are not licensed financial planners, financial advisors, stockbrokers, investment brokers, or investment advisors. Before making any trades, check with a financial planner, investment advisor, tax advisor, or anyone else that controls your finances to make sure option trading is right for you. The information provided on this course should not be construed as individual investment advice. All information presented on this site is the opinion of the author only and is not a solicitation to buy, sell, or hold any investment or security of any kind.

•You accept full responsibilities for your actions, trades, profit or loss, and agree to hold this website, the parent company, and any authorized distributors of this information harmless in all ways.

•The past performance of any trading system or methodology is not necessarily indicative of future results

•The information on this course is provided solely for general education, information and marketing purposes and therefore should not be considered complete, precise, or current. All information within this course and affiliated products / services is obtained from sources believed to be accurate and reliable. However, errors or omissions are possible due to human and/or mechanical error. All information is provided "as is" without warranty of any kind.

•We make no representations as to accuracy, completeness, or timeliness of the information on this site. No statement within this course or its affiliated products / services should be construed as a recommendation or solicitation to buy or sell any security or to trade any strategy or method or adjustment or to provide any type of investment advice.

•U.S. Government Required Disclaimer – Commodity Futures Trading Commission Futures and Options trading has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the futures and options markets. Do not trade with money you cannot afford to lose. This is neither a solicitation nor an offer to Buy/Sell securities or options. No representations are being made that any account will or is likely to achieve profits or losses similar to those discussed in this course or in any products or services. The past performance of any trading system or methodology is not necessarily indicative of future results.

•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

•Prior to buying or selling an option, an investor should read and understand the booklet "Characteristics and Risks of Standardized Options." You can access and download a copy of the booklet on The Options /Clearing Corporations'(OCC) website at http://www.theocc.com/about/publications/character-risks.jsp. This link reference is provided as a courtesy and does not imply that the OCC is endorsing IT or its products. This booklet is also available for free from your broker or from any of the U.S. options exchanges.

•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 National Association of Securities Dealers at http://www.nasd.com. You can review public companies' filings at the SEC's EDGAR page. The NASD has published information on how to invest carefully at its web site

•Before attempting any trade, adjustment, or method discussed on this website and / or within its various products / services users should first test them for themselves for an appropriate amount of time WITHOUT using / risking real money. Users should paper trade them. THEY SHOULD NOT risk real money. There are a number of excellent Paper Trader Programs and Back Trading Programs available online which one can use to see how trades, adjustments, and methods work real time in the real world WITHOUT risking any real money. USERS SHOULD DO THIS FIRST before risking real money to make certain for themselves that trades, adjustments, and methods work for them and are appropriate for them to be trading.

•If you do not agree to these terms of use, please do not use the course.

•Terms of Use: Your use of these educational materials indicates your acceptance of these disclaimers. In addition, you agree to hold harmless Dani Ben Yair, Ken Long, Tortoise Capital Management and Danrav Investments personally and collectively for any losses of capital, if any, that may result from the use of the information.

•You also acknowledge that all intellectual property rights in this course materials in the world, belong solely to Dani Ben Yair, Ken Long, Tortoise Capital Management and Danrav Investments, and that you have no rights other than to use them for personal, no-commercial purpose. As such, you agree not to copy, print, republish, display or distribute, without prior written permission.