From the Risk Desk: the one I asked them to make you read twice. M.R.

Trading risk

Trading and investing in stocks, options, and other instruments involves substantial risk of loss and is not suitable for every person. You can lose some or all of your invested capital, and with certain strategies more than your initial investment. Options in particular carry significant risk and are not suitable for all investors. Past performance does not indicate or guarantee future results. That holds for a market, a strategy, and any commentary published here. Nothing on The Cross Desk accounts for your personal financial situation, objectives, or risk tolerance. Never trade with money you cannot afford to lose, and make your own decisions or consult a licensed professional.

Data delay notice

Market data used and displayed by the Service is delayed and/or end-of-day. Prices, levels, options figures, and derived statistics (support and resistance, gamma exposure, expected moves, relative volume, and the like) are computed from that delayed data before the market opens and are not updated intraday. They will not reflect current market conditions during the trading day and must not be relied on as current quotes.

AI-generation notice

The desk’s commentary is generated by artificial-intelligence language models. That covers briefs, meeting transcripts, Ask the Desk responses, and every character’s voice. The characters are fictional; no licensed professional reviews the output before publication. Market figures are computed by software from market data rather than generated by the AI, and outputs pass automated validation, but AI-generated text can still be wrong, incomplete, or misleading. Treat everything the desk says as machine-written commentary for information and entertainment, not as professional analysis or advice.

See also the Terms of Service and Privacy Policy. Questions: desk@thecrossdesk.com.