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Firm Disclosures

Options trading is not suitable for all investors. Contact Gyroscope Capital Management Group, LLC (“GCMG”) at 4851 Tamiami Trail N, Suite 200, Naples, FL  34103 or visit http://www.cboe.com/Resources/Intro.aspx for a current options disclosure documents, “Characteristics and Risks of Standardized Options.” This document discusses potential risks with options issued by the Options Clearing Corporation (“OCC”), which are typically listed on an exchange.

Gyroscope Capital Management Group (GCMG) is an SEC registered investment adviser located in Naples, FL and affiliated with Moors & Cabot, Inc (a registered broker-dealer). SEC registration does not constitute an endorsement of Gyroscope Capital by the SEC nor does it indicate that Gyroscope Capital has attained a particular level of skill or ability.  GCMG only transacts business in states where it is properly registered or in compliance with applicable state regulations. Individualized responses that involve actual or contemplated securities transactions or the rendering of personal investment advice for compensation will not be made absent compliance with all applicable investment adviser regulation requirements. Please contact the sender if there are any questions.

The information contained herein has been prepared from sources believed to be reliable but is not guaranteed and is not a complete summary of all available data. Options are not be suitable for all investors and there are significant risks inherent in the use of options, even when options are used for hedging purposes. GCMG does not provide legal, tax or accounting advice and the information contained herein should not be construed as such. This marketing piece is not intended for the giving of investment advice to any single investor or group of investors and no investor should rely upon or make any investment decisions based solely upon the contents of the piece. Clients should confer with a professional prior to investing.

The results achieved by individual clients will vary and will depend on a number of factors including the particular underlying investments and their dividend yield, option market liquidity, interest rate levels, implied volatilities, and the client’s expressed return and risk parameters at the time the service is initiated and during the term. Investors should carefully consider executing any trade using options and be aware of all the risks, including, but not limited to, receiving back less value than they invested. Past performance is not a guarantee of future returns performance is not a guarantee of future returns.

Taxes, fees and commissions do have a direct and material impact on the options strategies, may reduce the effectiveness of some strategies, and may result in the investor not achieving his or her investment objectives. The examples presented herein do not consider the tax consequences or the impact on holding period. Investors should always seek professional tax advice before engaging in any of these strategies. Under new tax laws, certain in-the-money covered call writes are deemed “unqualified” and carry certain tax consequences. You should consult your financial or tax advisor for more information. GCMG does not provide tax advice.