Educational & Financial Disclaimer

Options involve risk and are not suitable for all investors. You can lose some or all of the capital committed to a strategy, and certain options strategies may involve losses greater than the initial amount invested. Strategy outcomes may vary materially based on market conditions, assumptions, assignment or exercise, execution quality, liquidity, and other factors.

ThetaForge is provided for educational, informational, and modeling purposes only. ThetaForge does not provide investment advice, personalized recommendations, brokerage services, or fiduciary guidance.

Pricing, payoff, probability, and analytics outputs are estimates. They may omit real-world execution factors, including liquidity constraints, bid/ask spread changes, slippage, assignment and exercise effects, fees, commissions, taxes, borrow costs, and intraday market changes.

ThetaForge may use theoretical, synthetic, delayed, manually entered, or user-supplied market data. Outputs may rely on assumptions, approximations, pricing models, volatility estimates, interest-rate inputs, dividend assumptions, and other variables that may be incomplete, stale, inaccurate, or different from live market conditions. Past, simulated, projected, or hypothetical results do not guarantee future performance.

ThetaForge does not execute trades, route orders, custody assets, or hold customer funds. You remain solely responsible for evaluating suitability, confirming assumptions, and making all investment decisions.