Steve Smith is the author of OptionSmith by Steve Smith. OptionSmith contains Mr. Smith's own opinions, and none of the information contained therein constitutes a recommendation by Mr. Smith or Minyanville that any particular security, portfolio of securities, transaction or investment s trategy is suitable for any specific person. Mr. Smith will not advise you personally concerning the nature, potential, value or suitability of any particular security, portfolio of securities, transaction, investment strategy or other matter. All information contained within the OptionSmith product is impersonal and not tailored to the investment needs of any specific person. Do not email Mr. Smith seeking personalized investment advice, which he cannot provide. Mr. Smith's past results are not necessarily indicative of future performance. The performance represented here is for informational purposes only, and should not be construed as an offer or solicitation of an offer to sell or buy any security. Please keep in mind that this Portfolio does not necessarily account for the different risk tolerances, investment objectives, and other criteria used by individual investors when making an investment decision. You are encouraged to conduct your own research and due diligence, and to seek the advice of a qualified securities professional before you make any investment.