Disclaimer

Educational tool — not investment advice. Covered is an analysis and education tool. Nothing on this site is investment advice, a personal recommendation, or an offer to buy or sell any financial instrument. Options can lose money quickly: writing calls can cap your upside, and selling puts can oblige you to buy BTC above its market price. All figures are estimates computed from live market data that can change at any moment, and estimated probabilities are not guarantees. You alone decide whether and what to trade, and you place every order yourself, on your own exchange account. Covered never holds your assets and cannot place, modify, or cancel orders.

Jurisdiction. Covered is not directed at persons in the European Union or the European Economic Area. United Kingdom: the FCA prohibits the sale of crypto derivatives to retail clients; access to derivatives venues is controlled by the venue (Deribit), not by Covered — Covered provides analysis and education on top of publicly available market data and does not place, route, or execute orders. It is your own responsibility to ensure that using Deribit, and acting on any analysis, is lawful where you live. Covered is independent and unaffiliated with any regulated investment firm.