In addition, before buying or selling options, determine whether the specific transaction is right for your financial situation, investment objectives, experience, and risk tolerance. These considerations may significantly affect the economic consequences of any transaction and should be carefully considered before trading in options contracts. For simplification, the calculations do not include tax considerations, margin requirements, commissions, transaction costs or other factors. Results and values obtained from the Software are examples of theoretical value calculations for options contracts and cannot be reproduced without duplication of all assumptions used in the examples. Neither IB nor any other person will be liable to you for damages in any circumstances including, without limitation, any loss of profits, loss of savings, damage to data or other incidental, direct, indirect, incidental, special, punitive, consequential, or other losses or damages of any kind arising out of the use or performance of the Software, even if IB or any other person has been advised of the possibility of such damages or claim by any third party. If an implied warranty may not be disclaimed under applicable law, then any implied warranty is limited in duration to a period of thirty (30) days from the date the Software is first accessed by the end-user. You are solely responsible for your use of the Software. In addition, neither IB nor any other person makes any representations with respect to the Software and expressly disclaim all warranties. The Software is provided "as is" and "as available" without warranty of any kind, either express or implied, including but not limited to any implied warranty merchantability or fitness for a particular purpose, regardless of whether IB knows or has reason to know of your specific needs. This license constitutes the parties' final, complete and exclusive agreement with respect to the Software. This license will be terminated automatically if you violate any of its terms and may be otherwise terminated by IB for any reason without notice. This license may only be modified or amended in writing, signed by you and IB. You agree not to alter, adapt, merge, decompile, disassemble, upload, post, reverse engineer the Software or participate in any of the foregoing activities. You agree not to copy, publish, transmit, transfer, license, sell, reproduce, modify, distribute, display, create derivative works from, or exploit the Software in any way. You are hereby granted the non-exclusive right to use the Software. The Software is the intellectual property of IB and all rights not specifically granted to you hereunder are reserved by IB. This license agreement between you and IB governs your right to use the Software. The calculations obtained from the Software are based on a mathematical model which incorporates a variety of assumptions, some of which may not be applicable in the markets at the time of the calculation, and resulting prices may be different from actual prices or prices calculated by other mathematical models. It is not designed to provide investment advice, nor should you make any investment decisions based solely on the calculations, values, or other information obtained from the Software. The Interactive Brokers Options Calculator and other software, including but not limited to downloadable widgets provided by Interactive Brokers LLC ("IB") for downloading (the "Software"), is provided for educational purposes only to assist you in learning about options and their theoretical fair value. By using the software, you agree to be bound to the terms and conditions set forth in this agreement. The IB software is provided with restricted rights and is the property of Interactive Brokers LLC. This Agreement governs your right to use the IB Options Calculator and other software provided by Interactive Brokers LLC for downloading.
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