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The Convexity Maven (“CM”) is a publisher, not a registered investment advisor, and nothing in CM’s Commentary is intended, and it should not be construed, to be investment advice. CM’s Commentary is for informational and entertainment use only. Any mention in CM’s commentary of a particular security, index, derivative, or other instrument is neither a recommendation by CM to buy, sell, or hold that security, index, derivative, or other instrument, nor does it constitute an opinion of CM as to the suitability of that security, index, derivative or other instrument for any particular purpose. CM is not in the business of giving investment advice or advice regarding the suitability for any purpose of any security, index, derivative, other instrument or trading strategy, and nothing in CM’s Commentary should be so used or relied upon.

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