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This was prepared by Horse Cove Partners LLC, a registered investment advisor with the U.S. Securities and Exchange Commission (SEC). Registration does not constitute an endorsement of the firm by the SEC nor does it indicate a particular level of skill or training. The oral and written communications of an adviser provide you with information about which you determine to hire or retain an adviser. Form ADV Part 2A & 2B can be obtained by written request directly to: info@horsecovepartners.com . Neither the information nor any opinion expressed it so be construed as solicitation to buy or sell a security of personalized investment, tax, or legal advice.

Prior performance shows results achieved during past market periods and is not indicative of future results, which will depend, among other things, on future market conditions.  No representation is being made that the strategy will or is likely to achieve returns similar to those shown. The information herein was obtained from third party sources. Horse Cove does not guarantee the accuracy or completeness of such information provided by third parties. All information is given as of the date indicated and believed to be reliable. Results are shown net of fees and expenses but do not reflect withdrawals or income taxes that might be payable, the effects of which could significantly reduce cumulative returns. Results do not include the reinvestment of dividends and capital gains because options don't pay dividends. The returns are based on the Investment Manager's strategy and the compilation of actual client account trades.

The Enhanced Yield strategy was not available until June 2017. There can be no assurance that the results shown will be replicated in the future. 

Options are speculative and highly leveraged.  Although the strategy usually writes options that, when written, Manager believes will have a 90% or more probability of success based on volatility and term, specific market movements of the index underlying the option cannot be accurately predicted.  As the writer of put and call options, the strategy is subject to the significant risk of loss if the index moves to levels below or above the strike price of the option.  Economic leverage is possible if options move beyond the option strike price. The Manager may employ risk management strategies which are intended to reduce risk but cannot eliminate it.  Costs of such strategies may reduce potential returns. Risk management strategies may include writing options on other indices, writing outside the strategy’s general parameters (including probabilities outside the stated target), and writing for longer or shorter durations. Please read the Characteristics and Risks or Standardized Options available from the Options Clearing Corporation website: http://www.optionsclearing.com/ for further details.

This document is for illustrative purposes only and should not be regarded as an offer or solicitation for advisory services offered by the Investment Manager or its affiliates, officers, directors, agents or employees.  This material is not authorized for re-distribution unless it is accompanied by strategy disclosures. Information has been obtained from sources believed to be reliable, but we do not guarantee their accuracy or completeness.

Option strategies involve unique and potentially significant risks and are not suitable for every investor. An investor may lose all or part of their investment.   There can be no assurance that the strategy will achieve its investment objectives.  Fees and expenses may offset trading profits.  Prospective investors should carefully review the firm disclosures and should consult with their financial advisors before making an investment.