Terms of Use

Acceptance of Terms

By downloading, installing, accessing, or using the Put Credit Spreadz mobile application (the "App"), you agree to be bound by these Terms of Use ("Terms"), our Privacy Policy, and all applicable laws and regulations. If you do not agree with any part of these Terms, you must not use the App.

These Terms constitute a legally binding agreement between you ("User," "you") and Put Credit Spreadz ("we," "us," "our"), an individually owned and operated sole proprietorship under the trade name "Put Credit Spreadz," based in New York State. Put Credit Spreadz is not a corporation, LLC, or other formal legal entity. We reserve the right to modify these Terms at any time as described in Section 17.

Eligibility

To use Put Credit Spreadz, you must:

• Be at least 18 years of age;
• Have the legal capacity to enter into binding contracts in your jurisdiction;
• Not be prohibited from using the App under applicable law;
• For future live trading features: be legally permitted to open and trade options in a brokerage account in your jurisdiction, including meeting your brokerage's eligibility and options approval requirements.

By using the App, you represent and warrant that you meet all applicable eligibility requirements. We reserve the right to terminate accounts that we believe belong to ineligible users.

Description of Service

Put Credit Spreadz is an automated options trading tool designed around put credit spread strategies on equity ETFs. The App is being developed in phases.

Current Version — Paper Trading Simulation

The App currently operates as a paper trading simulation. It provides:

• A simulated automated bot that evaluates your strategy parameters and simulates opening and closing put credit spread positions;
• A simulated paper trading account with a fictional balance (no real money);
• Publicly available ETF price data used to generate a simulated options chain via a Black-Scholes pricing model;
• Risk assessment indicators and strategy parameter analysis for educational awareness purposes;
• Push notifications about simulated trading events.

Future Version — Live Trading Automation

Not Investment Advice — Important Disclaimer

Put Credit Spreadz is a trading automation and education tool. Nothing in the App constitutes investment advice, financial advice, trading advice, tax advice, or legal advice, and nothing in the App should be construed as a recommendation or solicitation to buy or sell any real security. This applies to both the current simulation version and any future live trading features.

Specifically:

• Strategy parameters available in the App (including delta targets, days to expiration, spread widths, and credit thresholds) are configurable tools for simulation and automation — not recommendations for any specific trade or investment approach.
• Risk assessment indicators (e.g., "Balanced," "Mild Risk," "Moderate Risk," "High Risk") are simplified heuristics applied to your configured parameters for awareness purposes only. They are not professional risk assessments and do not reflect real-world market risk or suitability for your personal financial situation.
• Past simulated performance does not predict, guarantee, or suggest any future real-world investment outcome.
• Past live trading performance (in future versions) does not guarantee future results. All options trading carries risk of substantial loss.
• We are not a registered investment advisor, broker-dealer, financial planner, or any other type of regulated financial professional. We are not licensed to provide investment advice and do not hold any securities licenses.

You should always consult a qualified, licensed financial advisor before making any real options trading or investment decisions. Options trading involves a substantial risk of loss, can result in losses exceeding your initial investment, and is not appropriate for all investors.

Current Version — Paper Trading Simulation

All trading activity in the current version of Put Credit Spreadz is entirely simulated ("paper trading"). This means:

• No real money: Your paper trading balance is fictional. No real currency is deposited, held, transferred, earned, or lost through the App.
• No real brokerage: The App does not connect to, access, or communicate with any real brokerage account or trading platform.
• Approximate pricing: The App uses publicly available ETF price data and the Black-Scholes options pricing model to generate a simulated options chain. These prices are approximations and do not reflect actual market bid/ask spreads, liquidity, or real-time execution prices.
• Simulation limitations: The simulated environment cannot account for real-world factors including slippage, partial fills, early assignment risk, pin risk, liquidity constraints, margin requirements, commissions, taxes, or regulatory restrictions.
• Simulated results are not predictive: A strategy that performs well in paper trading may perform significantly differently in real-world trading due to market conditions, execution quality, and other factors beyond simulation.

Future Feature — Live Trading Automation

When live trading automation is introduced, the following additional terms will apply to users who choose to enable it.

6.1 Your Authorization

Live trading will be opt-in only. You must explicitly authorize the App to place trades on your behalf through your brokerage's official API. This authorization will involve a formal OAuth consent flow through your brokerage. By enabling live trading, you authorize Put Credit Spreadz to submit options orders to your connected brokerage account in accordance with your configured strategy parameters.

6.2 Real Financial Risk

6.3 No Guarantee of Execution

Put Credit Spreadz cannot guarantee that orders submitted to a brokerage will be filled, filled at the expected price, or filled at all. Order execution is subject to market conditions, brokerage availability, liquidity, and factors entirely outside our control. We are not liable for unfilled orders, partial fills, or market impact resulting from order submission.

6.4 System Availability

Live trading automation depends on the continuous availability of the App's servers, the brokerage's API, market data providers, and internet connectivity. We cannot guarantee uninterrupted availability of the live trading service. You are responsible for monitoring your brokerage account directly and should not rely solely on the App for account oversight.

6.5 Regulatory Compliance

You are responsible for ensuring that your use of live trading automation complies with all applicable laws and regulations in your jurisdiction, including but not limited to FINRA rules, SEC regulations, and your brokerage's specific account and options trading agreements. The App is not a registered broker-dealer, investment advisor, or trading system and does not assume any regulatory responsibility for your trading activity.

6.6 Brokerage Agreement Primacy

Your brokerage account is governed by your agreement with your brokerage. Nothing in these Terms supersedes or modifies your obligations under your brokerage's terms of service, options agreement, or margin agreement. In the event of any conflict between these Terms and your brokerage agreement regarding the execution or management of trades, your brokerage agreement controls.

User Accounts

7.1 Account Creation

To use the App, you must create an account using your email address and a password. You agree to provide accurate, current, and complete information during registration and to keep your account information up to date.

7.2 Account Security

You are solely responsible for:

• Maintaining the confidentiality of your account credentials;
• All activity that occurs under your account, whether authorized by you or not;
• Notifying us immediately at putcreditspreadz@gmail.com if you suspect unauthorized access to your account.

If live trading is enabled on your account, unauthorized access could result in real financial losses. We strongly encourage use of a unique, strong password and enabling any available multi-factor authentication. We are not liable for any loss arising from unauthorized account access resulting from your failure to maintain credential security.

7.3 One Account Per User

Each user may maintain only one account. You may not create multiple accounts, share your account with another person, or transfer your account to another person.

Account Deletion

In accordance with Apple App Store Guideline 5.1.1(v), you may delete your account and all associated data at any time, directly from within the App.

Upon deletion, the following is permanently removed: your authentication account, strategy settings, simulated and live positions and order history, trade and safety events, bot state and balance, push notification tokens, and any stored brokerage OAuth tokens. This action is permanent and cannot be reversed.

Deletion by Email

If you cannot access the App, contact us at putcreditspreadz@gmail.com with the subject "Account Deletion Request" and your registered email address. We will process your request within 30 days.

Acceptable Use

You agree to use the App only for lawful purposes and in accordance with these Terms. You agree not to:

• Use the App for any fraudulent, deceptive, or unlawful purpose;
• Misrepresent simulated or live trading results as performance of a separate investment fund, advisory service, or professional trading operation to any third party;
• Use the App to manipulate markets or engage in any trading activity that violates securities laws or exchange rules;
• Attempt to reverse-engineer, decompile, disassemble, or otherwise derive the source code of the App or its backend systems;
• Access, tamper with, or gain unauthorized access to our servers, databases, or other infrastructure;
• Use automated scripts or bots to access the App in a way that places excessive load on our infrastructure or interferes with other users;
• Introduce viruses, malware, or other harmful code into the App or its systems;
• Use the App in violation of any applicable local, state, national, or international law or regulation;
• Impersonate another person or entity, or falsely claim affiliation with Put Credit Spreadz;
• Copy, redistribute, or commercially exploit the App's content, design, or functionality without our prior written permission.

Intellectual Property

The App and all of its content, features, functionality, design, source code, algorithms, trademarks, logos, and visual elements are owned by Put Credit Spreadz and are protected by applicable copyright, trademark, trade secret, and other intellectual property laws.

These Terms grant you only a limited, non-exclusive, non-transferable, revocable license to use the App for personal use in accordance with these Terms. This license does not include any right to sublicense, modify, copy, distribute, publicly display, or commercialize the App or any of its content.

Any feedback, suggestions, or ideas you provide about the App may be used by us without obligation to compensate you or maintain confidentiality.

Third-Party Services, Brokerages, and Market Data

11.1 Market Data

The App uses publicly available ETF price data from Yahoo Finance and other public sources. We make no representations regarding the accuracy, completeness, or timeliness of this data. Market data used by the App may be delayed, approximate, or unavailable at times; is used solely for generating simulated options chains and evaluating live entry conditions; and should not be relied upon as a real-time price feed for independent trading decisions.

11.2 Brokerage Services (Future Feature)

11.3 No Endorsement of Third Parties

References to specific brokerages, ETFs, or other financial products in the App do not constitute an endorsement, recommendation, or warranty of those entities or products. You are responsible for independently evaluating any brokerage or financial product you use in connection with the App.

11.4 Infrastructure Providers

The App is built on third-party infrastructure including Supabase and Expo. We are not responsible for outages, data loss, or other failures caused by these third-party providers, though we take reasonable steps to use reliable providers and maintain service continuity.

Disclaimer of Warranties

THE APP IS PROVIDED ON AN "AS IS" AND "AS AVAILABLE" BASIS, WITHOUT WARRANTIES OF ANY KIND, EITHER EXPRESS OR IMPLIED. TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, WE EXPRESSLY DISCLAIM ALL WARRANTIES, INCLUDING BUT NOT LIMITED TO:

• IMPLIED WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, AND NON-INFRINGEMENT;
• WARRANTIES THAT THE APP WILL BE UNINTERRUPTED, ERROR-FREE, SECURE, OR FREE OF HARMFUL COMPONENTS;
• WARRANTIES REGARDING THE ACCURACY, TIMELINESS, OR COMPLETENESS OF ANY MARKET DATA, SIMULATED RESULTS, LIVE TRADING OUTCOMES, OR ANY OTHER INFORMATION PROVIDED THROUGH THE APP;
• WARRANTIES THAT ANY OPTIONS STRATEGY AUTOMATED BY THE APP WILL BE PROFITABLE OR WILL NOT RESULT IN LOSS;
• WARRANTIES THAT THE LIVE TRADING FEATURE (WHEN AVAILABLE) WILL EXECUTE ORDERS SUCCESSFULLY, ON TIME, OR AT EXPECTED PRICES;
• WARRANTIES THAT DEFECTS IN THE APP WILL BE CORRECTED.

Some jurisdictions do not allow the exclusion of implied warranties, so some of the above exclusions may not apply to you.

Limitation of Liability

TO THE MAXIMUM EXTENT PERMITTED BY APPLICABLE LAW, PUT CREDIT SPREADZ AND ITS OWNER, AGENTS, LICENSORS, AND SERVICE PROVIDERS SHALL NOT BE LIABLE FOR:

• ANY INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL, EXEMPLARY, OR PUNITIVE DAMAGES;
• ANY REAL FINANCIAL LOSSES, TRADING LOSSES, OR INVESTMENT LOSSES OF ANY KIND — WHETHER RESULTING FROM LIVE TRADING AUTOMATION, RELIANCE ON SIMULATED RESULTS, STRATEGY ASSESSMENTS, OR ANY INFORMATION PROVIDED BY THE APP;
• ANY LOSSES RESULTING FROM FAILED ORDER EXECUTION, SYSTEM DOWNTIME, MARKET DATA ERRORS, OR BROKERAGE API FAILURES;
• ANY LOSSES RESULTING FROM UNAUTHORIZED ACCESS TO YOUR ACCOUNT;
• ANY LOSS OR CORRUPTION OF ACCOUNT DATA, TRADING HISTORY, OR BROKERAGE CONNECTION INFORMATION;
• ANY DAMAGES ARISING FROM YOUR RELIANCE ON THE APP FOR REAL TRADING OR INVESTMENT DECISIONS;
• ANY INTERRUPTION OR PERMANENT CESSATION OF THE APP OR ITS SERVICES.

IN NO EVENT SHALL OUR AGGREGATE LIABILITY ARISING OUT OF OR RELATED TO THESE TERMS OR YOUR USE OF THE APP EXCEED THE GREATER OF (A) ONE HUNDRED U.S. DOLLARS ($100.00) OR (B) THE AMOUNT YOU PAID TO PUT CREDIT SPREADZ IN THE TWELVE MONTHS PRECEDING THE CLAIM, REGARDLESS OF THE CAUSE OF ACTION OR THE THEORY OF LIABILITY.

THE ABOVE LIMITATIONS APPLY EVEN IF PUT CREDIT SPREADZ HAS BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES. SOME JURISDICTIONS DO NOT ALLOW CERTAIN LIMITATIONS OF LIABILITY, SO SOME OF THE ABOVE MAY NOT APPLY TO YOU.

Indemnification

You agree to defend, indemnify, and hold harmless Put Credit Spreadz and its owner, agents, and service providers from and against any claims, liabilities, damages, losses, and expenses (including reasonable attorneys' fees) arising out of or in any way connected with:

• Your access to or use of the App;
• Your violation of these Terms or any applicable law or regulation;
• Any real investment or trading decisions you make based in whole or in part on your use of the App;
• Any real trading losses, regulatory penalties, or brokerage disputes arising from your use of the live trading feature (when available);
• Your misrepresentation of simulated or live trading results;
• Any infringement of any third party's rights by you.

Governing Law and Dispute Resolution

15.1 Governing Law

These Terms and any disputes arising from or related to them shall be governed by and construed in accordance with the laws of the United States of America and the State of New York, without regard to conflict of law provisions.

15.2 Informal Resolution First

Before initiating any formal dispute process, you agree to first contact us at putcreditspreadz@gmail.com with a written description of your dispute and the relief you are seeking. We will attempt to resolve the matter informally within 30 days.

15.3 Binding Arbitration

If informal resolution fails, any dispute, claim, or controversy arising out of or relating to these Terms or your use of the App shall be resolved by binding individual arbitration rather than in court. By accepting these Terms, you and Put Credit Spreadz each waive the right to a trial by jury and the right to participate in any class or representative action.

Arbitration shall be conducted under the rules of the American Arbitration Association (AAA) and shall take place in New York State unless otherwise mutually agreed. The arbitrator's award shall be final, binding, and may be entered as a judgment in any court of competent jurisdiction.

15.4 Class Action Waiver

You agree that any dispute resolution will be conducted on an individual basis only, not as a class, consolidated, or representative action. If for any reason a claim proceeds in court, both parties waive the right to a jury trial and agree that proceedings will be conducted on an individual basis only.

15.5 Small Claims Exception

Either party may bring an individual claim in small claims court if the claim qualifies and the court has jurisdiction.

Termination

We may suspend or terminate your access to the App at any time, with or without notice, for any reason, including if we believe in good faith that you have violated these Terms or applicable law.

If you have live trading enabled at the time of termination, we will make reasonable efforts to notify you in advance so you can close any open positions in your brokerage account. However, we cannot guarantee advance notice in all circumstances and are not responsible for any open positions remaining in your brokerage after termination.

You may terminate your account at any time by deleting it from within the App (see Section 8). Sections that by their nature should survive termination — including Sections 4, 5, 6, 10, 12, 13, 14, and 15 — shall survive.

Changes to These Terms

We reserve the right to update or modify these Terms at any time. When we do, we will update the "Last Updated" date at the top of this page. If the changes are material — particularly changes that introduce live trading features, new data collection, or additional user obligations — we will provide in-app notification before the changes take effect and, where required by applicable law, obtain renewed consent from existing users.

Your continued use of the App after the effective date of any updated Terms constitutes your acceptance of those changes. If you do not agree, you must stop using the App and delete your account.

Contact Us

If you have any questions, concerns, or legal inquiries regarding these Terms, please contact us:

• Email: putcreditspreadz@gmail.com
• Subject line: "Terms of Use — Put Credit Spreadz"
• Response time: We aim to respond to all inquiries within 5 business days.