Risk Disclosure & Disclaimer

Last updated: October 12, 2026

Educational, impersonal tool

Theta Wheel Book ("we") publishes a general-purpose spreadsheet template and general educational content. We do not provide investment, financial, legal, accounting or tax advice. Nothing on this website or in the spreadsheet is a recommendation to buy, sell or hold any security or option, or to use any particular strategy. Our content is not tailored to the investment needs of any individual. We are not registered as an investment adviser or broker-dealer.

Options risk

Options involve substantial risk and are not suitable for all investors. Selling cash-secured puts can obligate you to buy shares at the strike price even if the market price has fallen far below it. Selling covered calls limits your upside and does not protect against declines in the shares you own. You can lose more than the premium you collect. Before trading options, read Characteristics and Risks of Standardized Options published by The Options Clearing Corporation.

No performance claims

All figures in screenshots, examples and articles are hypothetical and for illustration only. They are not actual trades, do not represent results anyone achieved, and are not a prediction of future results. Past performance does not guarantee future results. We make no claims about income or earnings you may achieve.

Accuracy

The spreadsheet's results depend entirely on the data you enter and on formulas that may contain errors or simplifications (for example, average-cost rather than tax-lot accounting). Always reconcile with your broker's statements and tax forms. Use is at your own risk.

No affiliation

Theta Wheel Book is independent and is not affiliated with, endorsed by, or sponsored by any broker, exchange, clearing firm, or any company whose name or ticker symbol appears in examples. All trademarks belong to their respective owners.