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Important Note: Futures and options transactions are intended for sophisticated investors and are complex, carry a high degree of risk, and are not suitable for all investors. For more information, please read the Characteristics and Risks of Standardized Options and the Risk Disclosure Statement for Futures and Options prior to applying for an account. An options investor may lose the entire amount of their investment in a relatively short period of time. 

This material is being provided to you for educational purposes only. The content has been written by and will be presented by a third party not affiliated with E*TRADE FINANCIAL Corp. or any of its affiliates. The information contained in this material has not been endorsed or approved by E*TRADE FINANCIAL Corp. or any if its affiliates. E*TRADE FINANCIAL Corp. and its affiliates are not responsible for the content. No information presented constitutes a recommendation by E*TRADE FINANCIAL or its affiliates to buy, sell or hold any security, financial product or instrument discussed therein or to engage in any specific investment strategy. The content neither is, nor should be construed as, an offer, or a solicitation of an offer, to buy, sell, or hold any securities by E*TRADE FINANCIAL Corp. or its affiliates. Neither E*TRADE FINANCIAL Corp. nor its affiliates offer or provide any opinion regarding the nature, potential, value, suitability or profitability of any particular investment or investment strategy, and you are fully responsible for any investment decisions you make. Such decisions should be based solely on your evaluation of your financial circumstances, investment objectives, risk tolerance and liquidity needs. Neither E*TRADE FINANCIAL Corp. nor any of its affiliates is affiliated with the third party providing this content.

The E*TRADE FINANCIAL family of companies provides financial services including trading, investing, and related banking products and services to retail investors.

Securities and futures products and services are offered by E*TRADE Securities LLC, Member FINRA/SIPC/NFA.

Futures accounts are carried by MF Global, an unaffiliated company.

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