Disclaimer

1. Not Financial Advice

The content, tools, calculations, and visualizations provided by Opzun are for educational and informational purposes only. They do not constitute a recommendation, solicitation, or offer to buy or sell any securities or financial instruments. You should not interpret any information on this site as financial, investment, tax, or legal advice.

2. Options Trading Risk

Options trading involves substantial risk of loss and is not suitable for all investors. The leverage inherent in options can work against you as well as for you. You could lose more than your initial investment. Before trading options, you should carefully consider your investment objectives, level of experience, and risk tolerance.

3. Data Accuracy

Options data displayed on Opzun is sourced from CBOE and is delayed — it does not reflect real-time market conditions. Stock quotes are sourced from Finnhub and Yahoo Finance and may also be delayed. Data may contain errors, omissions, or inaccuracies. You should not rely on this data for actual trading decisions without verifying it against your broker's real-time data.

4. Theoretical Calculations

Payoff diagrams, profit/loss estimates, Greeks, and other calculations are based on the Black-Scholes model and other theoretical pricing models. These are mathematical estimates that rely on assumptions (such as constant volatility and log-normal price distributions) that may not hold in real markets. Actual results will differ from theoretical projections due to factors including but not limited to:

• Bid-ask spreads and slippage
• Changes in implied volatility
• Early assignment risk
• Dividend events
• Market gaps and illiquidity
• Transaction costs and commissions

5. User-Shared Content

Strategies shared by other users ("Zuns") represent the views and analysis of those individuals, not of Opzun. We do not endorse, verify, or guarantee any user-shared strategy. You are solely responsible for evaluating any strategy before acting on it.

6. Past Performance

Any historical data, backtested results, or performance examples shown on the Service are for illustrative purposes only. Past performance does not guarantee future results. Market conditions change, and strategies that performed well in the past may not perform well in the future.

7. Consult a Professional

Before making any investment decisions, you should consult with a qualified financial advisor, broker, or other financial professional who can take into account your individual financial situation and risk tolerance. Do not make trading decisions based solely on information from Opzun or any other free online tool.

8. Limitation of Liability

Under no circumstances shall Opzun or its operators be liable for any losses, damages, or costs arising from your use of the Service or your reliance on any information provided by the Service. This includes, without limitation, any direct, indirect, incidental, consequential, or punitive damages arising from trading losses.

9. Contact

If you have questions about this Disclaimer, contact us at legal@opzun.com.