Terms of Service

These Terms of Service ("Terms") govern your access to and use of State of the Option Market ("SOTOM", "we", "us", or "our") and its website, charts, tools, and subscription services (the "Service"). By creating an account or otherwise using the Service, you agree to these Terms. If you do not agree, do not use the Service.

1. Not Financial Advice

The Service provides data, charts, and analytics derived from options market activity for informational purposes only. Nothing on the Service constitutes investment, financial, legal, or tax advice, or a recommendation or solicitation to buy or sell any security or investment instrument. Past performance, including any performance figures we may share, is not indicative of future results, and no outcome or level of return is guaranteed.

You are solely responsible for any investment or trading decisions you make. You should consult a licensed financial advisor before making investment decisions.

2. Accounts

• You must provide accurate information when creating an account and keep your login credentials confidential.
• You are responsible for all activity that occurs under your account.
• We may suspend or terminate accounts that violate these Terms, engage in abusive behavior, or share access in violation of Section 4.

3. Subscriptions and Billing

• Certain features require a paid subscription, billed on a recurring monthly basis through Stripe.
• By subscribing, you authorize us to charge your payment method automatically each billing period until you cancel.
• You may cancel your subscription at any time through the billing portal linked from the Account page; cancellation takes effect at the end of the current billing period.
• Subscription prices may change for new subscribers at any time. Where we have committed to grandfathering an existing subscriber's price, that commitment applies only for as long as the subscription remains continuously active.
• Except where required by law, payments are non-refundable.

4. Brokerage Account Connections (SnapTrade)

The optional "My Portfolio" feature lets you connect a brokerage account through SnapTrade, a third-party account aggregation service, so we can display your positions and estimated net delta and theta exposure.

• Connecting a brokerage account is optional and is done through SnapTrade's Connection Portal; you authenticate directly with your brokerage, and we never receive or store your brokerage login credentials.
• You authorize us to retrieve your linked account's positions, quantities, and prices from SnapTrade on your behalf for as long as the connection remains active.
• Delta and theta figures shown for your portfolio are estimates calculated by matching your positions against our own historical options dataset; they are not provided by your brokerage or by SnapTrade and may be incomplete, delayed, or inaccurate, including showing no value for contracts we do not track.
• Your use of SnapTrade and your brokerage is also governed by SnapTrade's and your brokerage's own terms and privacy policies, which we do not control.
• You may disconnect a linked brokerage account at any time from the Portfolio page.
• We are not a broker-dealer or investment adviser, do not have the ability to place trades on your behalf, and are not responsible for the accuracy of data provided by SnapTrade or your brokerage.

5. Acceptable Use

You agree not to:

• Share your account credentials with, or provide access to, anyone not authorized on your subscription.
• Scrape, reverse engineer, or systematically extract data from the Service, except through features we explicitly provide.
• Resell, redistribute, or publicly republish data or charts obtained from the Service without our prior written consent.
• Use the Service to violate any applicable law or the rights of others, or to interfere with the security or operation of the Service.

6. Data Sources and Accuracy

The Service relies on third-party market data providers. While we take reasonable steps to keep data accurate and up to date, we do not guarantee that any data, chart, or metric on the Service is complete, accurate, or free of errors or delays. Data may be estimated, delayed, or occasionally unavailable.

7. Intellectual Property

The Service, including its software, design, charts, and original content, is owned by SOTOM and protected by intellectual property laws. Subject to these Terms, we grant you a limited, non-exclusive, non-transferable license to access and use the Service for your personal, non-commercial use.

8. Disclaimer of Warranties

The Service is provided "as is" and "as available," without warranties of any kind, whether express or implied, including implied warranties of merchantability, fitness for a particular purpose, and non-infringement. We do not warrant that the Service will be uninterrupted, secure, or error-free.

9. Limitation of Liability

To the fullest extent permitted by law, SOTOM and its founder will not be liable for any indirect, incidental, special, consequential, or punitive damages, or any loss of profits, revenue, data, or investment losses, arising out of or related to your use of the Service, even if advised of the possibility of such damages. Our total liability for any claim arising from these Terms or the Service will not exceed the amount you paid us in the twelve months preceding the claim.

10. Termination

We may suspend or terminate your access to the Service at any time for violation of these Terms. You may stop using the Service and cancel your subscription at any time. Sections of these Terms that by their nature should survive termination (such as intellectual property, disclaimers, and limitation of liability) will survive.

11. Changes to These Terms

We may update these Terms from time to time. If we make material changes, we will update the "Last updated" date above. Continued use of the Service after changes take effect constitutes acceptance of the revised Terms.

12. Contact Us

If you have questions about these Terms, please contact us through the account page or the details provided at signup.