Terms of Service

1. Publisher's Exclusion — We Are Not a Financial Advisor

X-Optional Research is a publisher of quantitative tools and educational research pursuant to the Publisher's Exclusion under Section 202(a)(11) of the Investment Advisers Act of 1940. We do not provide personalized investment advice, manage client accounts, or exercise discretionary authority over any user's investments.

All content generated by the platform — including trade ideas, signal scores, pricing model outputs, probability-of-profit estimates, and deep-dive analyses — constitutes impersonal quantitative research. This research is made available to all subscribers on the same basis, without regard to any individual's financial situation, investment objectives, or risk tolerance.

No fiduciary, advisory, or client relationship is created between you and X-Optional Research by virtue of your use of the platform, your subscription, or any communication with our team. We owe you no duty of suitability, best interest, or ongoing monitoring.

2. Nature of the Platform

X-Optional provides impersonal quantitative research tools for options market analysis. The platform runs a 17-signal adaptive pipeline, a four-model pricing ensemble (Black-Scholes-Merton, Heston stochastic volatility, Merton jump-diffusion, and Cox-Ross-Rubinstein binomial), and an AI synthesis layer powered by our proprietary XORI-1 engine.

XORI-1 generates analysis based on mathematical models applied to publicly available market data. Its outputs are algorithmically derived research, not personalized recommendations. The same inputs produce the same outputs for every user. XORI-1 does not know your portfolio, your financial situation, or your investment goals.

Signal scores, mispricing detection, and probability estimates are statistical measures derived from historical and real-time data. They are not predictions and should not be interpreted as guarantees of future performance.

3. Broker Integration

X-Optional offers a convenience feature that generates deep-link URLs to supported brokerage platforms (Schwab, Fidelity, Tastytrade, Robinhood, Interactive Brokers, E*Trade, Webull, Moomoo, and Tradier). These links are pass-through URL templates that open the relevant ticker page in your broker's own interface.

X-Optional never has access to your brokerage account credentials, account balances, positions, or order history. We cannot place, modify, or cancel trades on your behalf. We do not receive commissions, payment for order flow, or any other compensation from brokers for directing your activity. The broker integration is a pure convenience feature with no commercial arrangement.

Any trade you execute is your sole decision, placed through your own brokerage account, subject to your broker's own terms and execution policies.

4. Options Risk Disclosure

Past performance of any signal, model, or strategy presented on the platform is not indicative of future results. Probability-of-profit estimates are model-derived statistical measures, not guarantees. Market conditions can change rapidly and without warning, rendering any analysis obsolete.

4A. Digital Asset Risk Disclosure

No Investor Protection

Digital assets are not legal tender, are not backed by any government, and are not insured by the Federal Deposit Insurance Corporation (FDIC), the Securities Investor Protection Corporation (SIPC), or any other federal or state insurance program. Unlike funds held in a bank account or securities brokerage, digital assets held on an exchange or in a self-custody wallet have no government-backed loss protection. If an exchange becomes insolvent, is hacked, or otherwise fails, you may have no recourse to recover your assets.

Regulatory Uncertainty

The regulatory classification of digital assets is evolving and uncertain. The U.S. Securities and Exchange Commission (SEC) has asserted that certain digital assets may constitute securities under the Howey test. Specifically, tokens analyzed on this platform — including but not limited to SOL (Solana), ADA (Cardano), MATIC (Polygon), XRP (Ripple), DOT (Polkadot), and UNI (Uniswap) — have been named in SEC enforcement actions or are subject to ongoing regulatory proceedings. The outcome of these proceedings could materially affect the trading, liquidity, value, and legal status of these assets.

Additionally, the Commodity Futures Trading Commission (CFTC) has asserted jurisdiction over certain digital assets as commodities. Foreign jurisdictions may impose their own classifications, restrictions, or outright bans. You are solely responsible for understanding and complying with the laws and regulations applicable to digital asset transactions in your jurisdiction.

24/7 Market Risk

Unlike traditional securities markets, cryptocurrency markets operate continuously — 24 hours a day, 7 days a week, 365 days a year. There are no circuit breakers, trading halts, or market-hours protections. Significant price movements can occur at any time, including overnight, on weekends, and during holidays, when you may not be monitoring your positions. Liquidations, flash crashes, and cascading margin calls can occur within minutes and may not be reversible.

Technology and Protocol Risk

Digital assets rely on distributed ledger technology ("blockchain") and smart contract protocols that may contain undiscovered vulnerabilities, bugs, or exploits. DeFi tokens (including but not limited to UNI and LINK, which are analyzed on this platform) carry additional smart contract risk — protocol failures, governance attacks, oracle manipulation, and bridge exploits have historically resulted in total loss of deposited funds. Layer 2 networks (including Polygon/MATIC) introduce additional bridge and sequencer risk. Past security audits do not guarantee future security.

Exchange Counterparty Risk

If you hold digital assets on a centralized exchange, you are exposed to the credit risk, operational risk, and solvency risk of that exchange. Exchange failures, including but not limited to insolvency, fraud, regulatory seizure, and cyberattack, have historically resulted in permanent loss of customer funds. X-Optional Research does not endorse, evaluate, or monitor the solvency or security practices of any exchange.

X-Optional Does Not Custody Digital Assets

X-Optional Research does not custody, hold, transfer, or transmit any cryptocurrency or digital asset on behalf of any user. We do not operate as a money services business, money transmitter, virtual asset service provider, or exchange. We do not have access to your exchange accounts, wallet addresses, private keys, or digital asset balances. The platform provides quantitative research outputs only — any decision to acquire, hold, or dispose of a digital asset is made independently by you through your own exchange account or wallet.

Sole Responsibility

You acknowledge and agree that you are solely responsible for evaluating the merits, risks, and suitability of any digital asset transaction. X-Optional Research's signal scores, directional analysis, confidence levels, and AI-generated research outputs for digital assets are mathematical computations derived from publicly available market data. They are not predictions of future performance, guarantees of any outcome, or recommendations to buy, sell, or hold any digital asset. You should consult a qualified financial advisor, tax professional, and legal counsel before engaging in any digital asset transaction.

4B. Conversational AI Disclosure

X-Optional Research offers a conversational AI interface ("XORI Chat") that allows users to ask questions about quantitative signals, pricing models, and market data in natural language. By using XORI Chat, you acknowledge and agree to the following:

Educational Research Only

XORI Chat is an educational research tool. All responses are generated by artificial intelligence based on quantitative market data and are for informational and educational purposes only. XORI Chat does not provide personalized investment advice, financial planning, portfolio management, or trade recommendations. Responses are not tailored to your individual financial situation, investment objectives, risk tolerance, or needs.

AI-Generated Content

XORI Chat responses are generated by large language models (LLMs) that may produce inaccurate, incomplete, or misleading information. While XORI Chat has access to real-time market data and quantitative signals, its natural language interpretations are AI-generated and should not be treated as authoritative financial analysis. You must independently verify any information obtained through XORI Chat before making trading decisions.

No Fiduciary Relationship

Your use of XORI Chat does not create a fiduciary relationship, advisory relationship, or any other professional relationship between you and X-Optional Research, Inc. The conversational format does not imply that XORI is acting as your personal advisor, broker, or agent. You are solely responsible for your trading decisions.

Personal Information

Do not share sensitive personal financial information (account balances, Social Security numbers, portfolio holdings at other brokerages) through XORI Chat. While the system is designed to redact such information, you should treat XORI Chat as a public research interface, not a private financial consultation.

Conversation Logging

X-Optional Research may log conversation data for quality assurance, compliance monitoring, and product improvement purposes. Conversations may be reviewed to ensure adherence to regulatory requirements and to improve the accuracy of AI-generated research.

5. User Representations

By creating an account and using X-Optional, you represent and warrant that:

• You are at least 18 years of age and have the legal capacity to enter into these Terms.
• You understand that options trading involves substantial risk of loss and that you may lose more than your initial investment.
• You are not relying on X-Optional Research as a financial advisor, investment advisor, broker-dealer, or fiduciary.
• You will independently evaluate all trade ideas, signal scores, and model outputs before making any trading decision.
• You have read or will read the OCC's Characteristics and Risks of Standardized Options disclosure before trading options.
• You will not use the platform to circumvent any applicable law, regulation, or brokerage policy.
• The information you provide during registration is accurate and you will maintain its accuracy.
• If you use the platform's digital asset analysis features, you understand that cryptocurrency markets are highly volatile, operate 24/7 without circuit breakers, and that you may lose the entire value of any digital asset position.
• You understand that certain digital assets analyzed on this platform may be classified as securities by the SEC or other regulatory bodies, and that regulatory action could materially affect their value and legality.
• You are solely responsible for complying with all tax reporting obligations arising from digital asset transactions in your jurisdiction.
• If you use XORI Chat, you understand that responses are AI-generated, may contain errors, and do not constitute personalized financial advice regardless of how conversational or specific the responses may appear.

6. Accounts and Subscriptions

You are responsible for maintaining the confidentiality of your account credentials. X-Optional uses Argon2id password hashing and short-lived JWT access tokens with rotating refresh tokens for account security. You must notify us immediately at info@xoptional.com if you believe your account has been compromised.

Paid subscriptions (Essentials and Ultra) are billed through Stripe. All plans include a 5-day free trial for first-time subscribers. Subscriptions automatically renew at the end of each billing period unless cancelled. You may cancel at any time through the account settings portal; access continues until the end of your current paid period. Refunds are not provided for partially used billing periods.

We reserve the right to modify pricing with 30 days' notice to existing subscribers. Price changes do not affect the current billing period.

7. Acceptable Use

You agree not to:

• Scrape, crawl, or programmatically extract data from the platform beyond the provided API rate limits (Essentials: 20 req/min; Ultra: 50 req/min).
• Redistribute, resell, or sublicense X-Optional research outputs to third parties.
• Reverse-engineer the XORI-1 engine, signal algorithms, or pricing models.
• Use the platform to manipulate markets or engage in any form of securities fraud.
• Create multiple accounts to circumvent usage limits or trial restrictions.
• Transmit malicious code or attempt to gain unauthorized access to our infrastructure.

Violation of these terms may result in immediate account termination without refund.

8. Intellectual Property

The XORI-1 engine, signal pipeline architecture, pricing ensemble methodology, adaptive weight system, and all associated software, documentation, and branding are the exclusive property of X-Optional Research. Your subscription grants a limited, non-exclusive, non-transferable license to use the platform for your personal, non-commercial research purposes. You may not copy, modify, distribute, or create derivative works from any platform component.

9. Limitation of Liability

10. Disclaimer of Warranties

THE PLATFORM IS PROVIDED "AS IS" AND "AS AVAILABLE" WITHOUT WARRANTIES OF ANY KIND, EXPRESS OR IMPLIED, INCLUDING BUT NOT LIMITED TO WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, AND NON-INFRINGEMENT. WE DO NOT WARRANT THAT THE PLATFORM WILL BE UNINTERRUPTED, ERROR-FREE, OR THAT ANY MARKET DATA, SIGNAL SCORES, OR MODEL OUTPUTS WILL BE ACCURATE, COMPLETE, OR TIMELY. MARKET DATA IS SOURCED FROM THIRD-PARTY PROVIDERS (INCLUDING ALPACA AND ALPHA VANTAGE) AND IS PROVIDED ON AN AS-IS BASIS.

11. Indemnification

You agree to indemnify, defend, and hold harmless X-Optional Research and its officers, directors, employees, and agents from any claims, damages, losses, liabilities, and expenses (including reasonable attorneys' fees) arising from your use of the platform, your trading activities, your violation of these Terms, or your violation of any third-party rights.

12. Modifications to Terms

We may update these Terms at any time by posting the revised version on this page with an updated "Last updated" date. Material changes will be communicated via email to the address associated with your account. Your continued use of the platform after any modification constitutes acceptance of the revised Terms.

13. Governing Law and Dispute Resolution

These Terms shall be governed by and construed in accordance with the laws of the State of Texas, without regard to its conflict of laws principles. Any dispute arising under these Terms shall be resolved exclusively in the state or federal courts located in the State of Texas, and you consent to the personal jurisdiction of such courts.

Before initiating any formal proceedings, you agree to attempt to resolve disputes informally by contacting us at info@xoptional.com. We will attempt to resolve the matter within 30 days of receipt.

14. Severability

If any provision of these Terms is held to be invalid or unenforceable, the remaining provisions shall continue in full force and effect. The invalid or unenforceable provision shall be modified to the minimum extent necessary to make it valid and enforceable.

15. Contact

For questions about these Terms, contact us at info@xoptional.com.