Legal

Risk disclosure

Last updated 5 November 2026

Options trading carries a real risk of loss. Option Trident ("Trident") is software that helps you analyse and manage options positions. It does not tell you what to trade and it does not promise any result. Please read this page before you use Trident to place an order.

Options can lose money

An option is a contract that gives the buyer the right, but not the duty, to buy or sell something at a set price before a set date. Option prices can move quickly and by large amounts.

If you buy an option, you can lose the whole premium you paid.
If you sell (write) an option, your loss can be much larger than the premium you received. With an uncovered (naked) short call, the possible loss has no fixed limit.
Some multi-leg structures can lose more than expected if one leg is assigned early, if prices gap, or if you cannot close a position when you want to.
Margin can be called at short notice, and your broker may close positions without asking you.
Time decay, changes in volatility, wide bid and ask spreads, and low trading volume can all work against a position.

Options may not suit you

Options are complex. They are not suitable for every person or every organisation. Before trading them, you should understand how they work, how your broker's margin rules apply, and how much you can afford to lose. If you are unsure, speak to a qualified and authorised financial adviser.

Trident is software, not advice

Trident is a tool. It shows strategies, screens, risk graphs and Greeks, and it helps you stage, approve and send orders. It does not:

give investment advice or personal recommendations;
send trade signals or alerts telling you to buy or sell;
manage money or make decisions for you;
promise any profit or any level of return.

The 62 strategies in Strategy Lab are textbook examples that explain how each structure works. The 27 screens in the Screener filter market data by rules you choose. Neither is a recommendation to place a trade.

Our regulatory status

Aurion Labs Ltd is a software company. It is not authorised or regulated by the Financial Conduct Authority. It does not provide regulated investment advice, does not arrange deals in investments and does not hold client money or assets.

Figures on this site are illustrative

All prices, payoff graphs, crash scenarios and Greeks shown on this website are illustrative examples. They come from pricing models of the Black-Scholes type, using assumptions such as volatility, interest rates and time to expiry.

Models simplify the real market. Their assumptions can be wrong, and real prices can differ from model prices, sometimes by a lot. This is most likely in fast markets, around news and near expiry. The same applies to the figures Trident shows inside the app.

The crash band is a scenario, not a forecast

The crash band on the risk graph shows how a portfolio might behave in a sharp market fall. It is calibrated on 71 past index crash sessions. It is a stress scenario based on history. It is not a prediction of the next crash, and a future fall can be larger, faster or different in shape from anything in that sample.

Your broker executes and holds your money

Trident connects to your own accounts at Interactive Brokers or tastytrade. When you send an order, it goes to your broker. Your broker executes the order, holds your money and positions, and sets the margin rules. Your relationship with your broker is governed by your agreement with them, not by us.

Orders may be filled at a different price from the one shown, filled in part, or rejected by your broker. Staging, approvals and the audit trail help you control the process, but they do not remove market risk.

Connection, data and outage risks

Software and networks can fail. You should plan for:

loss of connection between Trident, your broker and the internet;
market data that is delayed, missing or wrong;
outages at your broker, at data providers or in Trident itself;
orders that are delayed, not sent, or sent but not confirmed back.

Always check your positions and orders directly with your broker, and keep another way to reach your broker, such as their own platform or phone desk, in case Trident is unavailable.

No performance shown

This website does not show trading performance or returns. Past performance of any strategy is not a reliable guide to future results.

Your responsibility

You are responsible for every trading decision you make, for checking every order before you send it, and for meeting the terms of your broker agreements. You should only trade with money you can afford to lose.