"May I humbly suggest that we buy one fifth of the grain crop for the next seven years."
-Joseph, commodity trading advisor to the pharaoh, 2000 B.C.
The Financial Options Group history is not quite as long as the history of commodity trading but we are, Albeit humbly, in good company. Our history is intertwined with the past, in that we are still using the primitive barter system. This has worked extremely well ever since that first farmer haggled over the price of his figs. Since time immemorial, economic life grew from the village marketplace with stalls and shops to commerce with currencies and large trading cities. Thus these economies began to have exchange value which brought us slowly to this day of sophisticated capitalism.
As for our history in the scheme of this over-all picture, after over forty years trading in equities, my son Tom, Jr. and I pooled our funds in 1998 and dipped our toes into the commodity futures market. After a few years studying the markets and trial and error we decided that our safest trading strategy with the highest percentage of success was on the opposite side of the trade. In October 2005 we launched The Financial Options Group LLC. and started trading exclusively in commodity option writing.
The small pool that we opened with just a few friends and family has gown and propelled us to CTA managed accounts with top tier results. As a result of this growth we found that we needed additional assistance, so in December, 2007 we brought in a new partner, Thomas Fields III to take responsibility of our marketing department.
Trading in the commodities market is not as simple as the board game "Easy Money or Monopoly". At the end of a board game we can all have a laugh about our winnings or losses, but Financial Options Group deals with real people's money every day and we have a fiduciary responsibility to handle our clients investment with the utmost care.
Some Wall Street pundits consider investing as a "Random Walk." With option writing, it is a well researched walk. We study each individual market's fundamentals, history and the news of the day in order to make the safest and most profitable trade for our clients. Nothing random here.
Looking out at the long history of commodity trading, we feel an awesome responsibility to continue Joseph's work, and with our detailed research and investment planning, we feel confident that we can add our small mark on the history of commodities
-Thomas R. Hurd, Sr.
The regulations of the Commodity Futures Trading Commission ("CFTC") require that prospective clients of a CTA receive a disclosure document when they are solicited to enter into an agreement whereby the CTA will direct or guide the client's commodity interest trading and that certain risk factors be highlighted. This document is readily accessible at this site. This brief statement cannot disclose all of the risks. Therefore, you should proceed directly to the disclosure document and study it carefully to determine whether such trading is appropriate for you in light of your financial condition. You are encouraged to access the disclosure document by clicking below. You will not incur any additional charges by accessing the disclosure document. You may also request delivery of a hard copy of the disclosure document, which also will be provided to you at no cost. The CFTC has not passed upon the merits of participating in this trading program nor on the adequacy or accuracy of the disclosure document. We are required to provide other disclosure statements to you before a commodity account may be opened for you.