Disclaimer: Equities, equities options, and commodity futures products and services are offered by Lightspeed Financial Services Group LLC (Member FINRA, NFA and SIPC). The Optionality mobile trading app is offered exclusively by Lightspeed Financial Services Group LLC (“Lightspeed”). SIPC coverage is available only for securities, and for cash held in connection with the purchase or sale of securities, in equities and equities options accounts. You may check the background of Lightspeed Financial Services Group LLC on FINRA’s BrokerCheck. All investments involve risk and past performance of any security does not guarantee future results or returns. Please refer to our fee schedule for a complete listing of relevant charges. System response, trade executions and account access may be affected by market conditions, system performance, quote delays and other factors. The risk of loss in electronic trading can be substantial. This is not an offer or solicitation in any jurisdiction where we are not authorized to do business. Lightspeed makes no guarantee as to the accuracy or quality of information published and/or archived on the platform, nor will Lightspeed accept any responsibility for other organizations, businesses, and private persons that provide information on this platform. All information on the platform regarding products and services provided on the Optionality app is subject to change without notice. Lightspeed is not responsible for misprints, out of date information, or errors. Lightspeed does not provide any financial or investment advice. Terms: “Pre-packaged spreads are option spreads formed by an algorithm and offered as a package. A bull call spread is an options trading strategy designed to benefit from a stock’s limited increase in price. The strategy uses two call options to create a range consisting of a lower strike price and an upper strike price. The bullish call spread helps to limit losses of owning stock, but it also caps the gains. An expiration date in derivatives is the last day that derivative contracts, such as options or futures, are valid. On or before this day, investors will have already decided what to do with their expiring position. As with all your investments, you must make your own determination as to whether an investment in any particular security or securities is right for you based on your investment objectives, risk tolerance, and financial situation. Options trading involves a high degree of risk and may involve total loss of investment. Options spreads, specifically, offer the benefit of projected maximum gain and loss positions defined as “defined risk trades” and “defined outcomes”, but in rare situations may result in gain/loss in excess of the projected cap. Optionality has several mechanisms to greatly reduce these occurrences, but we cannot guarantee they will never happen. For more information on options, please read Characteristics and Risks of Standardized Options before deciding to invest in options.