Risk Disclosure

Read this before you trade anything you see here — or anything else. Options and futures are unforgiving instruments, and selling premium, the approach this site teaches, has real and specific risks.

The general warning

Trading options and futures involves a substantial risk of loss and is not suitable for all investors. You can lose some or all of your capital, and with some positions — uncovered option sales and futures contracts — losses can exceed the amount you initially commit. Never trade with money you cannot afford to lose, and never trade a strategy you do not fully understand. Past performance is not indicative of future results, for us or for anyone.

Options risks

Leverage. Options control shares for a fraction of their price, which magnifies both gains and losses. A small move in the stock can mean a total loss of an option's premium.
Time decay. Options lose value as expiration approaches. Buyers fight this clock; sellers collect it — but the seller's obligation grows exactly when the market moves violently.
Selling puts. If the stock falls, you can be assigned shares at the strike price — above the current market price. The premium you collected softens the landing; it does not prevent the loss, and the shares can keep falling afterward.
Selling calls. Covered calls cap your gains: if the stock rises far past your strike, your shares are called away and the opportunity cost is real.
Spreads. Defined-risk spreads cap the maximum loss, but the cap can be reached in full, and early assignment, dividends, and pin risk around expiration can produce outcomes that differ from the simple diagram.
Assignment and exercise. Short options can be assigned at any time before expiration (American-style), sometimes without warning — around dividends and deep in-the-money situations especially.
Liquidity and pricing. Wide bid-ask spreads, stale quotes, halts, and fast markets can make real fills materially worse than the prices on any screen, including ours.

Futures risks

Margin is small relative to the contract. Futures positions are highly leveraged; a modest adverse move can trigger margin calls and forced liquidation at the worst moment.
Short strangles and uncovered sales on futures carry theoretically unlimited risk on the call side and very large risk on the put side. Gap moves — overnight, over weekends, on news — can jump past any planned exit level; a stop or a management rule is a plan, not a guarantee.
Volatility expansion. Positions that profit from calm markets can lose quickly when volatility spikes, even if the price ends the period near where it started.

About our published ideas and track record

Trade ideas are the output of our screening process on the day they're published. They are not recommendations, and they are not tailored to your finances, experience, or risk tolerance.
Our track record records each published idea from the price noted at publication to its exit under our stated management rules, and includes losing trades. It does not include your commissions, fees, slippage, or tax consequences, and your results will differ — possibly materially.
Win rate is the share of closed ideas that ended profitable under those rules. A high win rate is not the same as high profitability: premium-selling strategies characteristically win often and lose larger when they lose.
No one at Yield and Growth is a registered investment adviser, broker-dealer, or commodity trading advisor, and nothing here is a solicitation to buy or sell any security or contract.

Taxes

Options and futures have complex tax treatments (including Section 1256 60/40 treatment for certain contracts). Anything we publish about taxes — including summaries computed from data you provide — is general education, not tax advice. Consult a qualified tax professional about your own situation.

The bottom line

If any of this is unclear, don't trade it yet. Our Learn Hub explains each strategy's failure modes in plain English precisely because the risks above are the price of admission — understanding them comes first.

Effective October 18, 2026 · Yield and Growth LLC · Questions: info@yieldandgrowth.com