Options Acknowledgement

Options Acknowledgement

Effective date: 2026-09-09 · Version 2026-09-09

This Acknowledgement is required by Section 1.6 and Section 5.9 of the User Agreement. It is recorded with its version and the time you made it, it must be made again whenever it is republished, and the Service enforces it before any Call Write is accepted. It gates Call Writes only: it is never a condition of the halt (kill switch), of pausing, exiting or dumping a Strategy, or of any sell.

By making this Acknowledgement, you attest that:

1. You have read Part J of the Risk Disclosure Statement in full — see the Risk Disclosure Statement — and Section 5.9 of the User Agreement, and you understand them.
2. The shares are set aside from the moment your Order reaches your Broker, filled or not. Until the contract ends, nothing in the Service can sell them — not to take profit, not to exit, not to cut a loss, not on your instruction — and an Order nobody buys still holds them for that session and pays you nothing.
3. Once someone buys the contract, the Service cannot undo it. You can stop a Call Write only while it is unfilled. A filled one is closed, bought back, rolled or moved by no function of the Service, and ends only by expiry or by Assignment.
4. Assignment is a sale you did not place and cannot cancel, at the strike, whatever the market price then is, and every contract on one holding at one strike and expiry is assigned together — so the realistic event is a large fraction of the position sold in one overnight.
5. The strike may be below what you paid, and on the holdings the Service can offer this is the ordinary case. On such a strike an Assignment realizes a loss on the shares that the Premium does not offset. The Service will show you that loss, in your position's own dollar figures, before each write, and you will read it.
6. The Strategy keeps buying the same security after an Assignment, including one that realized a loss. The Service states that fact and does not characterize how it affects your taxes; your own tax adviser does.
7. Exiting while a call is open sells only the free shares. The Set-Aside Shares stay at your Broker, with the contract against them, until it ends; pausing, dumping, exiting or deleting the Strategy is refused until then; the kill switch stops new Orders and leaves the contract open.
8. The account bounds on writing calls are limits below which the Service will not act, set on your account. None of them is a recommendation, and none of them is a judgement that a write within them is worthwhile.
9. A Premium is stated in dollars per contract and is never a rate. It is an estimate from the bid until the Order fills, before your Broker's fees, and it is the market's price for the risk you are taking on — highest exactly where that risk is highest.
10. You have determined for yourself — or with an adviser of your own choosing — whether writing calls against this holding is appropriate for your circumstances. Provider has not, does not, and will not.

By making this Acknowledgement you confirm that you have read Part J of the Risk Disclosure Statement and Section 5.9 of the User Agreement, and that you are attesting to the statements above on your own behalf. The Service will also state the consequences of each individual write, in dollars, before you confirm it; this Acknowledgement does not replace that.