Risk Disclosure

Trading and investing in financial instruments involves substantial risk of loss and is not suitable for every person. You should carefully consider whether trading or investing is appropriate for you in light of your financial condition, experience, and risk tolerance.

You may sustain a total loss of your initial investment and, in some cases (such as writing uncovered options), you may incur losses exceeding your initial investment. There is no guarantee that any trading strategy, model, or methodology will result in profits or avoid losses.

You should not invest money that you cannot afford to lose.

Options are complex financial instruments that carry a high degree of risk. Key risks include:

• Total loss of premium: Purchased options may expire worthless, resulting in the complete loss of the premium paid.
• Leverage risk: Options provide leverage, meaning small price movements in the underlying asset can result in disproportionately large gains or losses.
• Unlimited loss potential: Writers (sellers) of uncovered call options face theoretically unlimited loss potential. Writers of put options may face losses up to the full value of the underlying asset.
• Time decay: Options lose value over time (theta decay), which works against option buyers.
• Volatility risk: Changes in implied volatility can significantly affect option prices independently of the underlying asset’s price movement.
• Liquidity risk: Some options may have limited liquidity, making it difficult or impossible to close positions at a fair price.
• Early assignment risk: American-style options may be assigned at any time before expiration, creating unexpected obligations.

FlashAlpha provides data, analytics, and computational tools. We do not provide investment advice, financial advice, trading recommendations, or any form of personalised financial guidance.

Our analytics — including but not limited to gamma exposure (GEX), delta exposure (DEX), vanna exposure (VEX), charm exposure (CHEX), implied volatility surfaces, and any other metrics — are mathematical computations based on market data. They should not be interpreted as buy or sell signals, trading recommendations, or predictions of future market movements.

Any analytics, charts, levels, or commentary displayed on the Service are for informational purposes only and must not be relied upon as the basis for any trading or investment decision.

FlashAlpha is not registered as an investment adviser, broker-dealer, or financial intermediary with any regulatory authority, including the Cyprus Securities and Exchange Commission (CySEC).

While we strive to provide accurate data and analytics, you should be aware of the following risks:

• Data errors: Market data, pricing data, and analytics may contain errors, delays, or inaccuracies due to data feed issues, computational errors, or data source limitations.
• Model limitations: All analytical models are simplifications of reality. Greek calculations, exposure estimates, and other analytics are based on mathematical models (such as Black-Scholes) that rely on assumptions that may not hold in real market conditions.
• Data delays: Data may be delayed, incomplete, or reflect conditions that have changed by the time you view or act on it.
• Third-party data: We rely on third-party data sources for market data. We cannot guarantee the accuracy, completeness, or timeliness of data provided by third parties.
• System failures: Technical issues, including server outages, software bugs, and connectivity problems, may result in missing, delayed, or incorrect data.

You should independently verify all data and analytics before making any trading or investment decisions. Do not rely solely on FlashAlpha data.

Any hypothetical, backtested, or simulated performance results shown on the Service have inherent limitations:

• They do not represent actual trading and may not reflect the impact of real market factors such as liquidity constraints, slippage, and commissions.
• Backtested results are based on historical data and the benefit of hindsight. Actual results may differ materially.
• Past performance, whether actual or hypothetical, is not indicative of future results.
• No representation is made that any account will or is likely to achieve results similar to those shown.

Financial markets are subject to risks including but not limited to:

• Market risk: Prices of financial instruments can decline rapidly and without warning due to market conditions, economic events, geopolitical events, or other factors.
• Liquidity risk: In periods of market stress, it may be difficult or impossible to liquidate positions at desired prices.
• Counterparty risk: The failure of a broker, clearinghouse, or other counterparty may result in losses.
• Regulatory risk: Changes in laws, regulations, or government policy may adversely affect the value of investments or the ability to trade.
• Currency risk: If you trade instruments denominated in a currency different from your base currency, exchange rate fluctuations may affect your returns.
• Technology risk: Electronic trading systems, including your broker’s platform, may fail or experience delays during critical market periods.

By using the Service, you acknowledge and agree that:

• You are solely responsible for all trading and investment decisions you make.
• You have sufficient knowledge and experience to evaluate the risks of trading financial instruments, or you will seek professional advice before doing so.
• You will not rely on FlashAlpha data or analytics as the sole basis for any trading or investment decision.
• You understand and accept the risks of financial loss associated with trading.
• You will consult with a qualified financial adviser if you are unsure about the suitability of any trading strategy or investment.
• FlashAlpha bears no responsibility whatsoever for any losses you may incur as a result of trading or investment decisions, regardless of whether you used our Service in connection with those decisions.

The information provided on the Service is not intended for distribution to, or use by, any person in any jurisdiction where such distribution or use would be contrary to local law or regulation.

You are responsible for ensuring that your use of the Service and any related trading activity complies with all applicable laws and regulations in your jurisdiction.

If you have any questions about this Risk Disclosure, please contact us at: support@flashalpha.com