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These recommendations are a solicitation for entering into derivatives transactions. From time to time persons affiliated with Zaner, or its associated companies, may have positions in the recommended and/or other derivatives. Any decision to purchase or sell as a result of the opinions expressed in this newsletter, email or Zaner web site will be the full responsibility of the person authorizing such transactions. Any trading, specific investment or investment service contained or referred to in this communication may not be suitable for all people. Futures, options and off-exchange retail foreign currency ("forex") trading is speculative in nature and involves substantial risk of loss. All known news and events have already been factored into the price of the underlying commodities discussed. Past performance is not necessarily indicative of future results. The limited risk characteristic of options refers to long options only; and refers to the amount of the loss, which is defined as premium paid on the option(s) plus commissions and fees.