Futures and options trading is not suitable for all investors. You may lose a substantial amount of money in a short time. The amount you may lose is potentially unlimited and can exceed the amount you initially deposit in your account. This potential is because futures and options trading is highly leveraged, using a relatively small amount of money to control positions with significantly larger monetary value. If you are uncomfortable with this risk level, you should not trade futures or options. Hedging strategies intend to limit or reduce risk. However, they also limit or reduce profit potential. Opinions expressed herein are intended solely as a general market commentary. They do not constitute investment advice or a guarantee of returns. All expressions of opinion are subject to change without notice. Past performance is not necessarily indicative of future results. All information should be independently verified before making any investment or trading decisions. There is no guarantee the information presented here is accurate. There is always a risk of loss in futures and options trading.

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