This Agreement governs your right to use the IB Options Calculator and other software provided by Interactive Brokers LLC for downloading. Please read it carefully. The IB software is provided with restricted rights and is the property of Interactive Brokers LLC. By using the software, you agree to be bound to the terms and conditions set forth in this agreement.

Terms and Conditions

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. 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 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.

This license agreement between you and IB governs your 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. You are hereby granted the non-exclusive right to use the Software. 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 agree not to alter, adapt, merge, decompile, disassemble, upload, post, reverse engineer the Software or participate in any of the foregoing activities. This license may only be modified or amended in writing, signed by you and IB. 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 constitutes the parties' final, complete and exclusive agreement with respect to the Software.

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. In addition, neither IB nor any other person makes any representations with respect to the Software and expressly disclaim all warranties. You are solely responsible for your use of the Software. 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.

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.

IMPORTANT INFORMATION

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. For simplification, the calculations do not include tax considerations, margin requirements, commissions, transaction costs or other factors. These considerations may significantly affect the economic consequences of any transaction and should be carefully considered before trading in options contracts. In addition, before buying or selling options, determine whether the specific transaction is right for your financial situation, investment objectives, experience, and risk tolerance.

No statement on this site should be construed to be a solicitation or recommendation to purchase or sell any security or to provide any investment advice. Options involve risk and are not suitable for all investors. For more information, read the "Characteristics and Risks of Standardized Options". For a copy, click here.

There is a substantial risk of loss in foreign exchange trading. The settlement date of foreign exchange trades can vary due to time zone differences and bank holidays. When trading across foreign exchange markets, this may necessitate borrowing funds to settle foreign exchange trades. The interest rate on borrowed funds must be considered when computing the cost of trades across multiple markets.