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OPTIONS ACTION DISCLAIMER

The content of this website is published in the United States of America and persons who access it agree to do so in accordance with applicable U.S. law.

All opinions expressed by the Options Action Participants are solely their opinions and do not reflect the opinions of CNBC, NBC UNIVERSAL, their parent company or affiliates, and may have been previously disseminated by them on television, radio, internet or another medium.

You should not treat any opinion expressed on this website as a specific inducement to make a particular investment or follow a particular strategy, but only as an expression of an opinion. Such opinions are based upon information the Options Action Participants consider reliable, but neither CNBC nor its affiliates and/or subsidiaries warrant its completeness or accuracy, and it should not be relied upon as such.

The Options Action Participants, CNBC, its affiliates and/or subsidiaries are not under any obligation to update or correct any information available on this website. The Options Action Participants are professional traders who may be actively involved in securities discussed herein, on behalf of themselves, their companies and their clients.

Also, the opinions expressed by the Options Action Participants may be short-term in nature and are subject to change without notice. No part of a Options Action Participant’s compensation from CNBC is related to the specific opinions they express. Past performance is not indicative of future results.

The Options Action Participants, and CNBC do not guarantee any specific outcome or profit. You should be aware of the real risk of loss in following any strategy or investment discussed on this website. Strategies or investments discussed may fluctuate in price or value. Investors may get back less than invested. Investments or strategies mentioned on this website may not be suitable for you. This material does not take into account your particular investment objectives, financial situation or needs and is not intended as recommendations appropriate for you.

You must make an independent decision regarding investments or strategies mentioned on this website. Before acting on information on this website, you should consider whether it is suitable for your particular circumstances and strongly consider seeking advice from your own financial or investment adviser.

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