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Disclaimer & Important Notices

The materials disseminated by BAHIATA (also known as The Anti-Advisor) are proprietary research documents and access seats sold for educational and informational purposes only.

The sale of the From Zero memorandum and Book Seat constitutes the purchase of private research materials and access rights. It does not constitute investment advice, a recommendation of any security or strategy, or the offer or sale of any investment product.

BAHIATA is not registered as an investment adviser with any federal or state regulatory agency and does not manage third-party capital.

The SPX/TLT volatility book and From Zero research describe high-risk options strategies involving short-dated contracts, layered personal credit facilities, and portfolio leverage. These strategies routinely experience 100 % loss of capital on individual expiration cycles. External borrowing and leverage materially increase the probability of total impairment.

Past performance, whether historical or hypothetical, is not indicative of future results. Options trading and the use of leverage involve substantial risk, including the complete loss of principal and additional obligations from borrowed funds.

All purchasers are solely responsible for their own due diligence, compliance with applicable laws, and consultation with qualified legal, tax, and financial professionals before engaging in any activity described herein.

Distribution of the From Zero memorandum is limited to 100 licenses worldwide. Upon exhaustion of this allocation, the memorandum will be permanently withdrawn from circulation.

All sales are final. No refunds are available for any license or seat purchase.

By completing a purchase, you acknowledge that you have read, understood, and agree to be bound by these terms.

BAHIATA 2025