Risk Disclosure

Last updated: April 2026

General Investment Risk

All forms of investment carry risk. The value of investments and the income derived from them can fall as well as rise, and you may not get back the amount you originally invested. Past performance is not a reliable indicator of future results.

Options-Specific Risk

Options are complex financial instruments and are not suitable for all investors. Trading options involves a high degree of risk. When buying options, the entire premium paid may be lost if the option expires worthless. When selling options, losses can be unlimited in certain strategies. Leverage can work against you as well as for you.

Heat Seeker® Signal Risk

Heat Seeker® unusual options activity signals are algorithmic detections of statistically significant order flow. They are not predictions of future price movements. Unusual activity may reflect hedging, speculation, or other institutional strategies that are not directional in nature. Following any signal without independent analysis and appropriate risk management may result in significant losses.

Suitability

Before trading options or following any trade ideas, you should carefully consider your investment objectives, level of experience, risk tolerance, and financial situation. Consider seeking advice from an independent financial advisor if you are unsure whether options trading is suitable for your circumstances.

Characteristics and Risks of Standardized Options

Please read the Characteristics and Risks of Standardized Options (ODD) before trading options. This document is available from the Options Clearing Corporation at theocc.com.