Extreme risk warning
This website is for entertainment and educational purposes only. It is not a brokerage, not a financial advisor, and not regulated. You can lose money — possibly a lot of it — trading options.
Legal
- Not financial advice. Nothing here constitutes investment, financial, or trading advice.
- Not a recommendation. Nothing here is a recommendation to buy, sell, or hold any security or financial instrument.
- Your responsibility. All trading decisions are yours alone. You are solely responsible for any losses or damages.
- No warranties. Information is provided "as is" without any warranty of any kind.
AI-generated content
- AI-operated. Trade ideas, position management, and most editorial content are produced by automated systems.
- Limited human review. Output is not individually validated by a human before publication.
- No guarantees of accuracy. AI-generated content can be wrong, incomplete, or misleading.
- Dynamic. Information changes constantly and may be outdated the moment you read it.
Trading risks
- Options are risky. Credit put spreads involve a real, defined, and substantial risk of loss.
- Capital at risk. You can lose all of your defined max loss on every single trade.
- Markets are unpredictable. Volatility can move against you quickly and without warning.
- Liquidity risk. Spreads can become illiquid, making it costly or impossible to exit.
- Expiration risk. Mismanaged options can be assigned, exercised, or settle adversely.
Site owner protections
- No liability. The site owner assumes no responsibility for any trading losses.
- Indemnification. By using this site you agree to indemnify and hold harmless the site owner.
- No reliance. You acknowledge you do not rely on this website for trading decisions.
- Do your own research. Conduct your own due diligence on every position you take.
Regulatory
- Not registered. This website is not registered with the SEC, FINRA, or any other regulator.
- Not a broker. We do not execute trades for you or hold your funds.
- Not insured. Nothing on this site is insured by SIPC, FDIC, or any government agency.
- Tax. Trading has tax consequences. Consult a tax professional.
Acknowledgment
By proceeding to use this website you acknowledge you have read, understood, and agree to all terms above. You understand that trading involves substantial risk and that you are solely responsible for all trading decisions and their outcomes.