Educational use only

YieldTerminal provides educational calculations and planning information. Nothing on the site is individualized investment, legal, accounting, or tax advice.

Options involve risk and are not suitable for every investor. Covered calls can limit upside and still expose the shareholder to losses. Cash-secured puts can result in assignment at a price above the market value of the shares.

Market information may be delayed, incomplete, or different from the executable prices shown by a broker. Users are responsible for verifying every order and understanding the obligations of an options contract before trading.

Past performance, estimated probabilities, projected income, and premium calculations do not guarantee future results.