These Terms of Service (“Terms”) govern your access to and use of the Opt² Options Income Tracker application (“App”), available at opt2.penulak.com and through the iOS and Android app stores, operated by PenuLak LLC, a California limited liability company (“PenuLak,” “Company,” “we,” “us,” or “our”). By accessing or using the App you agree to these Terms. If you do not agree, do not use the App.
THE APP IS NOT FINANCIAL ADVICE. Nothing in the App constitutes a recommendation, solicitation, or offer to buy, sell, hold, or roll any security or options contract. Options trading involves substantial risk of loss and is not appropriate for all investors. You may lose your entire investment. Past performance is not indicative of future results. Always consult a qualified financial professional before making investment decisions.
1. Acceptance of Terms
These Terms constitute a legally binding agreement between you and PenuLak LLC. By creating an account, accessing, or using the App — whether through the web, iOS App Store, or Google Play — you represent that you are at least 18 years old, have the legal capacity to enter into a binding agreement, and agree to comply with these Terms and all applicable laws.
2. Description of Service
Opt² is a financial tracking and analytics tool for retail investors who use the “wheel strategy” (selling cash-secured puts and covered calls) to generate options income. The App:
- Imports your equity positions, option positions, and account activity from brokerages you connect through SnapTrade’s read-only OAuth integration;
- Classifies imported activity as covered-call or cash-secured-put income and attributes premium income to your income goals;
- Calculates financial metrics (monthly yield, win rate, consistency, effective cost basis, income projections) from your imported data and stored market marks;
- Provides an AI Roll Assistant that returns Hold / Roll / Close information for your open positions, generated by a third-party AI model (Anthropic’s Claude) — this output is informational only and is not a recommendation or investment advice;
- Surfaces option contracts that match filters you configure in the screener — these are filtered results, not recommendations or advice;
- Sends alerts based on thresholds you configure (e.g., profit capture, days-to-expiry, earnings).
3. Financial Disclaimer
Options trading involves substantial risk of loss and is not appropriate for all investors. You may lose your entire investment. Past performance is not indicative of future results. Data imported from your brokerage via SnapTrade, and stored market marks, may be delayed or inaccurate. All financial calculations are mathematical outputs based on your data — they are not forecasts or guarantees. PenuLak LLC is not registered as an investment adviser with the SEC or any state securities regulator, and is not a broker-dealer or financial planner.
4. Eligibility and Accounts
You must register for an account to use the App. You are responsible for maintaining the confidentiality of your credentials and for all activity that occurs under your account. You agree to notify us immediately of any unauthorized use. We reserve the right to suspend or terminate accounts that violate these Terms.
5. Subscriptions, Founding Pricing, and Payment
The App offers a free “Starter” tier and paid “Pro” subscription plans billed through the Apple App Store, Google Play Store, or Stripe.
- Starter: free, with feature limitations described in the App (e.g., one broker connection, limited history, limited open positions).
- Pro Monthly: billed monthly at the then-current price. Founding subscribers are offered an introductory price of $19/month. This founding rate is locked in for the life of your subscription as long as it remains active without lapsing.
- Pro Annual: billed annually at the then-current price ($149/year founding; $179/year standard after the founding period).
- Auto-renewal: paid plans auto-renew unless cancelled before the renewal date via the platform through which you subscribed.
- Price changes: except for any locked-in founding rate, prices may change with at least 30 days’ notice. Continued use after a change constitutes acceptance.
- Refunds: governed by the platform through which you subscribed (Apple, Google, or Stripe). For direct Stripe subscriptions we offer a no-questions-asked refund within 7 days of your first paid charge — contact hello@penulak.com.
6. User Data and Ownership
Your use of the App is also governed by our Privacy Policy, incorporated by reference. You retain ownership of the data you input and the data imported from your connected brokerage accounts. You may export all your data at any time from Settings → Account → Export Data. Free on all plans.
7. Brokerage Connections (SnapTrade)
- Third-party provider: brokerage connection and trade import are provided through SnapTrade, an independent third-party connectivity service. Your use of SnapTrade is subject to SnapTrade’s own terms and privacy policy.
- Read-only access: our integration is strictly read-only. We cannot place or modify trades, transfer funds, or take any discretionary action in your brokerage accounts.
- Data accuracy: imported data is provided by SnapTrade and/or your brokerage. We do not control and are not responsible for its availability, accuracy, or timeliness. Always verify critical data directly with your broker.
- No brokerage, custody, or advisory relationship: PenuLak is not a broker-dealer, investment adviser, or custodian and does not hold your funds or securities.
- Revoking access: you may disconnect a brokerage account at any time within the App or through SnapTrade. On disconnection we stop requesting new data; previously imported data is retained per our Privacy Policy unless you delete your account.
8. AI Roll Assistant
The AI Roll Assistant uses a third-party AI model (Anthropic’s Claude) to generate plain-English Hold / Roll / Close information about your open positions. This output is informational only. It is not a recommendation, investment advice, or a directive to act. You make all trading decisions independently. The AI Roll Assistant is a Pro feature and is gated behind subscription.
9. Intellectual Property
The App, its source code, design, trademarks (including “Opt²” and “PenuLak”), and all content we create are owned by PenuLak LLC and protected by applicable intellectual-property laws. You may not reverse-engineer, decompile, copy, resell, or create derivative works from the App; use the App to build a competing product; or scrape or bulk-download content from the App.
10. Third-Party Services
The App integrates with third-party services including SnapTrade (brokerage connectivity), Base44 (platform backend: database, authentication, hosting, and API infrastructure), Stripe (payment processing), Anthropic (AI Roll Assistant), PostHog (analytics), and Expo/EAS (push notifications and app distribution). Your use of these services is subject to their own terms. We are not responsible for their availability, accuracy, or practices.
11. Limitation of Liability
TO THE MAXIMUM EXTENT PERMITTED BY APPLICABLE LAW, IN NO EVENT WILL PENULAK LLC BE LIABLE FOR ANY INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL, OR PUNITIVE DAMAGES, INCLUDING ANY LOSSES FROM INVESTMENT OR TRADING DECISIONS MADE IN RELIANCE ON THE APP, THE AI ROLL ASSISTANT, SCREENER RESULTS, OR IMPORTED BROKERAGE DATA.
PENULAK LLC’S TOTAL CUMULATIVE LIABILITY FOR ANY CLAIMS UNDER THESE TERMS SHALL NOT EXCEED THE GREATER OF (A) THE AMOUNT YOU PAID TO US IN THE 12 MONTHS PRECEDING THE CLAIM, OR (B) USD $100. THIS LIMITATION APPLIES REGARDLESS OF THE THEORY OF LIABILITY.
12. Indemnification
You agree to indemnify, defend, and hold harmless PenuLak LLC and its officers, directors, employees, and agents from any claims, liabilities, damages, and expenses (including reasonable attorneys’ fees) arising from your use of the App, violation of these Terms, investment activities, or infringement of third-party rights.
13. Disclaimers of Warranties
THE APP IS PROVIDED “AS IS” AND “AS AVAILABLE” WITHOUT WARRANTIES OF ANY KIND, EXPRESS OR IMPLIED, INCLUDING WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, ACCURACY OF FINANCIAL OR BROKERAGE DATA, NON-INFRINGEMENT, OR UNINTERRUPTED SERVICE.
14. Dispute Resolution and Arbitration
Any dispute, claim, or controversy arising out of or relating to these Terms or the App shall be resolved by binding arbitration administered by JAMS under its Streamlined Arbitration Rules, seated in Los Angeles, California, conducted in English. Judgment on the award may be entered in any court of competent jurisdiction.
Class action waiver: You waive any right to participate in a class action lawsuit or class-wide arbitration against PenuLak LLC.
Either party may seek emergency injunctive relief in a court of competent jurisdiction without waiving the right to arbitration.
15. Governing Law
These Terms are governed by the laws of the State of California, without regard to its conflict-of-laws provisions. Any court proceedings permitted hereunder shall be brought exclusively in Los Angeles County, California.
16. Changes to Terms
We may modify these Terms at any time. Material changes will be communicated via in-app notification or email at least 30 days before taking effect. Continued use after the effective date constitutes acceptance of the revised Terms.
17. Termination
We may terminate or suspend your account for violation of these Terms, fraudulent activity, or conduct we reasonably determine to be harmful to PenuLak or other users. You may terminate your account at any time from Settings → Account → Delete Account. Upon termination, your right to use the App ceases immediately.
18. Contact
PenuLak LLC · hello@penulak.com · Los Angeles, California