Disclaimer

Education only. Not financial advice. Theta Receipts publishes general educational content about options. Nothing here is a recommendation to buy or sell any security or personalized to your situation. We are not registered investment advisers or broker-dealers. All backtest results are hypothetical, use modeled (not actual) option prices and simplified fill, fee and slippage assumptions, and do not represent actual trading. Past or simulated performance does not guarantee future results. Options involve substantial risk and are not suitable for all investors. See the OCC’s Characteristics and Risks of Standardized Options.

Hypothetical performance

Hypothetical or simulated results have inherent limitations. They are prepared with the benefit of hindsight, do not involve financial risk, and cannot account for the impact of liquidity, fills, gaps, or the emotional pressure of real trading. No representation is made that any account will or is likely to achieve results similar to those shown.

Risk

Options trading involves substantial risk. Credit spreads can lose up to their full width minus the credit received. 0DTE options can move very quickly. Only trade with money you can afford to lose.

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No relationship

Reading this site, using its tools or subscribing does not create an adviser-client relationship. Consult a licensed professional about your own situation.