Terms of use
This is not investment advice, and settled.trading is not authorised or regulated as an investment firm.
1. Who you are contracting with
settled.trading is operated by Enter CRM Ltd., represented by Miroslav Handzhiev · Mariya Luiza 6a, 4000, Plovdiv, Bulgaria · settledtrading@entercrm.bg. These terms are between you and that person or company. They are written in English; if you have been shown a translation and the two disagree, the English text is the one that applies.
2. Not investment advice
settled.trading is a calculator. It screens published options data and shows what standard formulas say about it. Nothing here is investment advice, a personal recommendation, or an invitation to buy or sell any financial instrument within the meaning of Directive 2014/65/EU (MiFID II). We are not authorised or regulated by any competent authority in any Member State, we hold no licence to provide investment services, and nothing on this site should be read as though we did. No assessment of suitability or appropriateness is made or possible: the service knows nothing about your circumstances, your knowledge and experience, your tax position, or what you can afford to lose. If you want advice, obtain it from a firm authorised to give it.
3. Risk warning
Options are derivatives and carry a high risk of loss. Selling options can lose substantially more than the premium received. Past performance, including any figure shown here about how a previous suggestion settled, is not a guide to future results. Prices and volatility can move against a position quickly, and a position can be assigned before you intend to close it. Do not trade with money you cannot afford to lose.
4. Your decisions
Every trade you place is your own decision, made through your own broker, on your own account. You choose what to open, at what price, and when to close it. If a suggestion here loses money — and some will — that loss is yours.
5. The service cannot trade or hold money
settled.trading never places, modifies or cancels an order, and it is built so that it cannot: the brokerage connection permits a fixed list of read-only calls and refuses anything resembling an order. It never holds, receives or transmits client money or financial instruments, and it does not execute orders on your behalf.
6. Market data is delayed
Quotes come from CBOE's delayed feed and daily bars from Nasdaq. They are adequate for screening and are not adequate for execution. Every figure is displayed with the time it was fetched. Data is supplied by third parties, may be incomplete or interrupted, and we do not control it.
7. What the service promises
We will supply the service with reasonable skill and care, and it should match the description on this site. Where you are a consumer, your rights under Directive (EU) 2019/770 on digital content and digital services apply in full and nothing in these terms limits them: if the service does not conform, you are entitled to have it brought into conformity, or to a proportionate price reduction or termination where the law provides for it. This is one person's software and it may have defects; if you find one, reporting it is the fastest route to it being fixed.
8. Availability
We do not promise uninterrupted availability. The service depends on public data endpoints operated by others which can change or stop without notice, and it may be unavailable for maintenance. Where an interruption is substantial and attributable to us, consumer remedies under clause 7 apply.
9. Liability
We are liable for damage caused intentionally or by gross negligence, for death or personal injury, and in any other case where liability cannot be excluded or limited by law — including under the Product Liability Directive and under mandatory national consumer law. Otherwise, and to the extent the law allows, we are not liable for trading losses, lost profit, or consequential loss arising from your use of the service, and our liability for other foreseeable damage is limited to the amount you paid us in the twelve months before the event. Your statutory rights are not affected.
10. Price, VAT and payment
Prices are shown EXCLUSIVE of VAT. Where VAT applies it is calculated and added at the checkout page, so the total you are asked to approve is always shown in full before you pay. For customers in the European Union, Bulgarian VAT is charged at the current Bulgarian rate. A business customer in the EU with a valid VAT identification number can enter it at checkout, in which case no VAT is charged and the reverse charge applies. Payment is taken by our payment provider on their own pages; we never see or store your card details. Subscriptions are sold for a fixed period — currently three months or twelve months — and the price for that period is the price shown at the time you buy it.
11. Free trial and renewal
The free trial begins when you accept these terms and runs for the period stated on the account page. No payment method is required to start it and nothing is charged when it ends — the trial simply stops. A paid subscription renews AUTOMATICALLY at the end of each period and keeps doing so until you cancel: the quarterly plan renews every three months, the annual plan every twelve, at the same price each time unless we tell you before the renewal that it is changing. You can cancel at any time from the account page or with our payment provider; the next renewal then does not happen and you keep access for the period you have already paid for.
12. Right of withdrawal
If you are a consumer in the EU you have fourteen days to withdraw from a purchase without giving a reason, under Directive 2011/83/EU. Where you ask for the service to begin immediately and acknowledge that you lose the right of withdrawal once it has been supplied in full, that right ends accordingly; you will be asked to confirm this at the point of payment, not here. To withdraw, tell us by email at settledtrading@entercrm.bg. The free trial involves no payment and so nothing to withdraw from.
13. Acceptable use
Use the service for your own screening. Do not scrape it, resell its output as your own product, attempt to circumvent rate limits or access controls, or use it to provide regulated investment services to other people. Accounts doing any of these may be suspended.
14. Your personal data
The controller of your personal data is Enter CRM Ltd., represented by Miroslav Handzhiev, contactable at settledtrading@entercrm.bg. We process your sign-in identity to operate your account, and your saved trades to show them back to you — both on the basis of performing this contract. Your saved trades and results are private to your account. Search results are shared and cached because they are identical for everyone and re-fetching them would consume a rate limit shared by all users. Under the GDPR you may request access, rectification, erasure, restriction, portability, and may object to processing; you can delete your account and everything in it at any time from the account menu. You also have the right to lodge a complaint with a supervisory authority.
15. You can check the arithmetic
Every figure comes from a published formula — Black-Scholes, Yang-Zhang realised volatility, and a bootstrap over the instrument's own returns. No model guesses on your behalf, which means any number here can be verified by hand. You are encouraged to do so rather than to trust it.
16. Changes to these terms
We may change these terms — for example to reflect a change in the service or in the law. When we do, you will be shown the new version and asked to accept it the next time you use the service, and the version you accepted previously stays on record. If you do not accept a new version you can stop using the service and delete your account; any period you have already paid for will be honoured or refunded pro rata.
17. Ending this agreement
You can stop using the service and delete your account at any time. We may suspend or close an account that breaches clause 13, or where we are required to by law. If we close your account without cause, we refund the unused part of any period you have paid for.
18. Law and disputes
These terms are governed by the law of Bulgaria. If you are a consumer, this does not deprive you of the protection of the mandatory rules of the country where you habitually reside, and you may bring proceedings in the courts there. Please contact us first at settledtrading@entercrm.bg — most problems are faster to fix than to argue about. Consumers may also be entitled to use an alternative dispute resolution body in their own country.