Risk disclosure

Optix is educational. Nothing on Optix is investment, financial, tax or legal advice, or a recommendation to buy or sell any security, option or event contract. You decide every trade, and you approve every real-money order.

For advice about your own situation, talk to a licensed professional.

Options are risky and aren’t right for everyone. A bought option can lose everything you paid for it, and many expire worthless.

Selling options can lose far more than you received, and some positions can lose more than you put in.

Prices can move fast, the gap between the buying and selling price can be wide, and an order may fill at a worse price or not at all.

Before you trade options, read Characteristics and Risks of Standardized Options, the disclosure your broker gives you.

An event contract, such as one on Kalshi, pays only if the event happens as the contract states. If it doesn’t, you lose what you paid. Prices can jump on news, and a market can be thin or close before you can get out.

• The market’s chance is read from option or contract prices. It’s an estimate, not a probability anyone knows.
• Grades, ratings and levels describe past decisions. A good record doesn’t mean the next trade will work.
• Suggested sizes are arithmetic on the chance you typed and your settings. They’re only as good as your chance.
• Optix reads the words of a thesis, sometimes with an AI model. Check the claim it shows before you rely on it.

Optix Paper, the challenge, Replay and the demo use simulated money. A simulated fill follows fixed rules: Optix Paper fills at the quoted price. It can’t show what a real order would have filled at, or how you’d trade with real money at stake.

Replay uses past events with estimated option prices. Passing the challenge or ranking well doesn’t mean you’ll make money trading.

Market data can be late, wrong or missing, and Optix can be down when you need it. Optix labels prices that aren’t live, but keep a way to see and manage your positions at your broker.

Real-money orders go through your own brokerage or exchange account. You approve each one, and it’s yours. Optix doesn’t hold your money and can’t reverse a trade.