Risk disclosure

Trading stocks, options, futures, forex, and crypto involves significant risk and is not suitable for everyone. You can lose all of — and sometimes more than — the money you put in. Leverage and margin amplify both gains and losses; in some instruments and market conditions you can end up owing money beyond your initial investment.

Trade only with risk capital: money whose loss would not affect your financial security, your obligations, or your lifestyle. If losing it would hurt, it is not risk capital.

Options are complex instruments, and they are a large part of what this product is built around. In plain terms:

• options can and do expire worthless — you can lose the entire premium you paid, and spreads can lose their entire net debit;
• selling options can expose you to losses far larger than the premium received — an uncovered call, in theory, has unlimited loss;
• assignment and exercise can convert a position you thought was defined into an unhedged one overnight, and the obligations around them (including early assignment on American-style options) are real and binding;
• liquidity can vanish in stressed markets: wide spreads and gaps mean the mark on your screen may be nowhere near what you can trade at;
• multi-leg positions respond to volatility, time decay, and interest rates as well as the underlying price — and the interactions are not obvious until they cost you money.

If any of this is new to you, learn the mechanics with money you can afford to lose entirely — or not at all.

Every statistic in Options Whale — win rate, expectancy, P&L curves, the red and green in the reports — is a description of what already happened. Markets change, regimes change, and an edge that held for the last hundred trades can stop holding on the next one. Nothing in the Service forecasts what your account will do.

Replay tools, simulators, backtests, and anything labelled “simulated” produce hypothetical results, and those come with limitations no chart can show:

• they are built with hindsight — assumptions picked after the fact flatter the outcome;
• they do not involve real financial risk, so they cannot reproduce what risk does to a decision in the moment;
• fills, slippage, commissions, and liquidity are assumed, and real markets are worse than assumptions;
• no representation is made that any real account will match, or even approach, a simulated result.

Treat simulated output as a way to think about a process — never as evidence of future profit.

Quotes, prices, and reference data in the Service come from brokers and third-party sources. They may be delayed, incomplete, or wrong, and feeds can fail at the worst possible moment. This data is for analysis and journaling — it is not a trading or valuation feed, and it must not be used as the basis for order entry.

The Service does not recommend securities, strategies, or trades, and it is not a registered investment adviser, broker-dealer, or tax professional. Analytics and any AI-generated commentary describe your own historical data; they are educational, they can be wrong, and they do not take your finances, goals, or risk tolerance into account.

Before making financial decisions, consider your own situation and consult qualified financial, tax, and legal professionals. You are solely responsible for every trade you place and every decision you make.

Connections to brokers (currently Interactive Brokers Flex) are read-only: imports pull your own statements into the journal. Options Whale cannot place, modify, or cancel orders, and it cannot move money. That also means it cannot intervene — if an import misrepresents a fill or a position, the Service will faithfully analyse the wrong thing. Verify anything material against your broker’s own records before acting on it.

Testimonials, examples, and user stories in our materials describe individual experiences. They are not typical results, they are not verified as representative, and they do not predict what any other trader will achieve.

By using Options Whale you acknowledge that you have read this disclosure, that you understand trading can result in substantial losses, and that you — not Options Whale — bear full responsibility for your trading and its outcomes.