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Hypothetical or simulated performance
results have certain inherent limitations. Unlike an actual
performance record, simulated results do not represent actual
stock option trading. Also, since the option trades have not actually been executed,
the results may have under- or over-compensated for the impact,
if any, certain market factors, such as lack of liquidity. Simulated
stock option trading programs in general are also subject to the fact that
they are designed with the benefit of hindsight. No representation
is being made that any account will or is likely to achieve
profits or losses similar to those shown. |
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