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Already have an account? Log InStart Your 30-day FREE TrialNo credit card required. Cancel anytime. Full feature access.HomeTermsRisksPrivacyCookies©2022 Option Alpha. All Rights Reserved. Patent Pending USSN 63/118,547At least 8 characters longOne lowercase characterOne uppercase characterOne number characterOne symbol, or whitespace characterBy clicking this box, I acknowledge that I have read and accept Option Alpha's Terms of ServiceI am a Non-Professional as defined by NYSEThank you! Please check your email and click the confirmation link to verify your new account.Oops! Something went wrong...Already have an account? Log InFrequently asked questionsEverything you need to know before you start.What happens when my trial ends?Your free trial account will cancel automatically after 30 days. You will not be charged and you'll receive multiple email notifications before your account is deactivated. You can upgrade at any time here.What is included in my trial?During your 30 day trial, you'll have full access to the Option Alpha platform and all the tools, including the backtester, screener, Trade Ideas, 0DTE Oracle, bots, automations, and the Community.How many days is the free trial?Your free account is active for 30 days. You'll have full access to the Option Alpha platform during your trial. Plus, you can connect your broker account to trade live positions during your trial.Can I upgrade to a paid plan during my trial?Of course! You can upgrade at any time. Click here to see our pricing plans and learn how to get a FREE Option Alpha Pro membership.Will I be charged if I don’t cancel my trial?Nope. We do not require any form of payment to start a trial and you'll never be charged unless you upgrade to a paid membership plan.Do I need to cancel my trial?No, your free trial account will cancel automatically after 30 days. You will not be charged and you'll receive multiple email notifications before your account is deactivated. You can upgrade at any time here.Do I need a credit card to start a trial?No. All you need to start your free trial is an email address and password. We will never ask for payment during your free trial and there are no hidden costs. You can upgrade at any time here.How many backtests can I run in my trial?Unlimited. There are no limitations on how many backtests you can run.How does 0DTE Oracle work?The 0DTE Oracle is a tool that helps us find and analyze 0DTE and next day trading opportunities. It aims to solve the problem of probabilities and expected value (EV) being less accurate for 0DTE trades by providing backtest results to help identify quality trades instead of relying on probabilities. Each trade's metrics are backtested against the underlying's previous 1 year of intraday minute data to see how trading a similar position daily would have performed over that time.How does Trade Ideas work?Trade Ideas scans continuously during market hours (9:35am - 3:55pm) and finds trade ideas in 3 ways:It analyzes the returns of thousands of position setups used by all of us (underlying symbol, leg deltas, days to expiration, etc) and loads the current market data for the top performing position setups and compares them looking for opportunities using Reward/Risk, EV (expected value) and Alpha (EV / Max Loss).It examines every option series expiring in 45 days or less that falls on a Friday and matches up every possible combination of legs at various delta values (.50, .45, .425, .40, .375, .35, .325, .30, .275, .25, .20, .15, .10) looking for opportunities.It examines all current open positions in the platform looking for opportunities.Will Option Alpha build bots for me?No, Option Alpha does not build or recommend bots for individual traders. We will, however, help guide you through using bots, setting up a bot and adding automations, and walk-through many examples and use cases for trading with bots.What is an automation?Automations are the instruction manual for your bots. You can use automations to scan the market for opportunities, open positions, manage your trades, and more.What is a Bot?Bots execute trading strategies inside your portfolio. Bots are the home for your positions, risk management, and automations. You are in complete control of your bot's activity and tell them what to do and when to do it. You can automate all of your strategy from entry to exit, or create hybrid manual-automated strategies.Do you offer an onboarding class?Yes, you can find everything you need to get started with bots and automation in the Option Alpha Fast Track.How much does Option Alpha cost?Option Alpha offers monthly and annual memberships with multiple pricing plans. See pricing for more details and learn how you can get a FREE Option Alpha Pro account.Who controls the bots?You do. You have complete control over everything and nothing will run without your explicit permission. You tell the bot when, where, what it will do through the creation of automations. You can build automations to run continuously, on a defined schedule, or at the push of a button. Just tell the bot exactly what to look for and what trade to make. Plus, you can interfere anytime to pause, close, or open trades out of sequence.Can I paper trade my bots first?Of course. In fact, we always recommend paper trading your bots first. We built our own paper trading platform that uses live data, unlike the delayed data often provided by brokers. This means you can use Option Alpha even if you never connect to a brokerage account to fully test your ideas with real market data.Do I need to know how to code?Nope - never! Option Alpha requires no coding experience. None. Zero. Nada. Our entire platform was built with a no-code framework which means everyone can learn how to use bots and automations with no prior experience. Plus, we also have extensive autotrading resource center to learn how to start autotrading.What brokers are integrated for autotrading?tastytrade, TradeStation, Tradier, and Charles Schwab are integrated and supported brokers. If you want access to a different broker, please request an integration with your favorite broker using the links on the Broker Integrations page. We will continue to announce new agreements with additional brokerages as they are signed and confirmed.Do I need to download anything?No, Option Alpha is a web-based trading platform that runs completely in the cloud which means you never have to download any local desktop software. We're always running, accessible from anywhere you have an internet connection. Plus, you never have to keep your browser open to run your bots either.Create your free accountTry Option Alpha free for 30 days. There's no credit card required and you'll get instant access.$2,143,786,848dollars traded...Join 9,000 people using Option Alpha"With bots, I think I can manage to try more things without increasing the time necessary to execute and manage trades."RonElite member"Cloning allows me to use the experience of traders that have been doing this for a very long time."RolandOptions trader© 2023 Option Alpha × Notice We (Option Alpha) and selected third parties (25) use cookies or similar technologies for technical purposes and, with your consent, for functionality, experience, measurement and “marketing (personalized ads)” as specified in the cookie policy. With respect to advertising, we and 1129 selected third parties, may use precise geolocation data, and identification through device scanning in order to store and/or access information on a device and process personal data like your usage data for the following advertising purposes: personalised advertising and content, advertising and content measurement, audience research and services development.You can freely give, deny, or withdraw your consent at any time by accessing the preferences panel. If you give consent, it will be valid only in this domain. Denying consent may make related features unavailable.Use the “Accept all” button to consent. Use the “Reject all” button to continue without accepting.NecessaryFunctionalityExperienceMeasurementMarketingPress again to continue 0/1Learn moreReject allAccept all --- LoginStart Free TrialPricingOption Alpha is accessible to all traders. Choose the option that's right for you.ProMost PopularGet the best of Option Alpha with the highest level of access.$99 /mowith annual plan or $149 monthlyUpgrade● Trade with any broker● No minimum balance● 50 bots● $100k limit per bot● Unlimited backtestingTradier PromoGet Option Alpha for free by connecting your Tradier account.$0 /mowith qualifying* accountGet Started● Trade with Tradier● $5k minimum balance*● 50 bots● $100k limit per bot● Unlimited backtestingTradeStation PromoGet Option Alpha for free by connecting your TradeStation account.$0 /mowith qualifying* accountGet Started● Trade with TradeStation● $10k minimum balance*● 50 bots● $100k limit per bot● Unlimited backtestingYou're making a difference.2% of our revenue is donated to charity:water to help bring clean water to families in need around the world.Loved by traders around the globeHear what our traders are saying about Option AlphaJack Frankowicz@jck411The more challenges you throw at the OA team the more they deliver.Bret Williams@jbretI never thought I would ever be able to trust autotrading, but boy was I wrong! Once you have a good set of rules and trading plan, it almost completely removes the emotion out of trading. The update looks fantastic! Thanks for your continued effort at improvement.VinWag@vinay13564The trailing profit stops implementation is well thought through. Just updated my open positions and bots with the new exit options. Will squeeze out at least 33% more profit. Thank you OA team. Appreciate it.FAQEverything you need to know about our plans at Option Alpha. Can't find the answer you're looking for? Please email our friendly team.What is a qualified account for the Pro promotions?Maintaining an active integration between your brokerage account and Option Alpha is always required. In addition, Tradier requires you to fund your account with at least $5,000 and maintain a minimum account balance of $3,000 in cash or positions, and TradeStation requires you to maintain a minimum account balance of $10,000 in cash or positions. If your balance falls below the required minimums, a notice will be sent asking to raise the account back to the minimum qualification or risk termination. There is no need to pay in advance or submit anything for reimbursement; it’s all handled for you automatically (as any true automated trading platform should).Can I paper trade with Option Alpha?Yes, 100%. We built our own paper trading engine so you can paper trade as much as you want right inside Option Alpha without having to connect to a brokerage. Paper trading allows you to test your bot’s automation logic risk-free, in real-time, with live market conditions. Plus, you leverage the power of bots to test limitless strategies, ideas, and portfolio combinations so you're comfortable with autotrading before you start trading live.How does Option Alpha make money?We generate revenue through recurring subscriptions to our platform and software. We don't get paid commissions for order flow or based on how much you trade.Does Option Alpha charge commissions?Option Alpha is not a broker. We are a software service provider. We do not charge you commissions of any kind. Your broker’s fee structure still applies to all trades sent through the platform. Some of our brokers have developed promotion deals for reduced or free commissions just for Option Alpha traders. For more details, please see our broker integrations page.Can I cancel at any time?Yes, you can cancel at any time and there are never any contract commitments. In fact, you have control to cancel your account directly from your account settings.What is the refund policy?We offer a clear refund policy for our traders. This is on top of our full-featured 30-day free trial. Your subscription remains active for the remainder of your paid billing period. Annual plans are refundable within 7 calendar days of an automatic renewal billing.What is the cancellation policy?We understand that things change. Rest easy knowing there are never any contracts or commitments, and you can cancel at any time. In fact, we make it easy to cancel your subscription with one-click inside your billing profile.Is there a free trial?Yes, you can try Option Alpha completely free for 30 days. During your trial you'll have a chance to kick the tires on every part of the platform so you can make the best decision. Plus, there's no credit card required to sign up.Can I trade with multiple brokers?Yes! The Easter promo includes an upgrade to 3 years of Pro membership, which allows you to trade with all current and future integrated brokers, with no minimum account balance required.Can I trade with multiple brokers under a promotional plan?No, if your membership is paid for on behalf of your brokerage, you'll be required to do all your Option Alpha trading through that broker partner. To connect additional brokers, you can upgrade to a Pro plan here.How do I get $0 assignment fees?Assignment fees are waived for all traders who send the position's orders to TradeStation from their Option Alpha account. Learn more here.Is commission-free* trading through Tradier and TradeStation available for traders outside the United States?Yes! Commission-free* trading through Tradier and TradeStation is available for traders in the United States and internationally. All traders sending their orders to Tradier and TradeStation through Option Alpha are eligible for $0 commissions*.Do you offer accounts for Professional subscribers?Not at this time. Currently, the platform is only intended for use by Retail, non-professional investors as defined by the NYSE.Is there a mobile app?Not at this time. Developing a mobile app is on our roadmap for the future but there's no firm ETA yet.Do you support traders from Canada?No. Unfortunately at this time there are no active broker integrations that support Canadian traders. However, you can still use Option Alpha for backtesting, finding new trade ideas, and paper trading options strategies while using email notifications to help alert you to trades you can place manually.What ticker symbols are supported?Option Alpha supports more than 350 of the most popular and active stocks and ETFs. Additional symbols may be added to the database based on popularity and liquidity. Click here to view the full list.How much does Option Alpha cost?Option Alpha offers monthly and annual memberships with multiple pricing plans. See pricing for more details and learn how you can get a FREE Option Alpha Pro account.What if my broker isn't supported yet?Call/email/tweet/message your broker and request an integration! If there is a broker you want supported, the best thing you can do is help us push them to integrate. Most brokers we'd love to connect with either do not offer a public API yet and/or have legacy API technology that cannot handle autotrading. Our goal is to support as many brokers as possible. Anything you can do to help push them along from you end helps us move faster. Please request an integration using the links on the Broker Integrations page. We will continue to announce new agreements with additional brokerage partners as they are signed and confirmed.Do you store my credit card info?Nope. Option Alpha does not have access to any of your credit card information. Payments and billing is always managed through secure merchant gateways with our payment providers.How do I change my payment method later?You can easily edit your payment method inside your account profile. You can change or update credit cards at any time. If you want to switch to PayPal from a credit card please contact us to help as PayPal requires a slightly different process.What happens to my bots if I cancel my account?Once the cancelation is effective at the end of your next subscription period, all bots will automatically be turned off. You will then have 30 days to reactivate and restore your account if you want to save your bot templates and automations. During this time, all active positions will need to be managed in your broker application.What happens to my bots if my credit card expires?We'll work together to get it updated so there's no interruption in your service. You will receive a series of emails to notify you of the expired card and can easily update the card information securely inside your billing profile. You will not lose your account but during this time, you will not have the ability to create new bots or modify existing bots. After 30 days if you have not updated your card, your account will be canceled and deactivated.Does my subscription automatically renew?Yes, your subscription will automatically with the same payment method you used to upgrade to ensure there is no unnecessary interruption in your bots or account. Monthly subscriptions are renewed on the same day every month as they began. If you have an active annual subscription, you will be billed automatically on the anniversary date of the initial subscription.Do I need to know how to code?Nope - never! Option Alpha requires no coding experience. None. Zero. Nada. Our entire platform was built with a no-code framework which means everyone can learn how to use bots and automations with no prior experience. Plus, we also have extensive autotrading resource center to learn how to start autotrading.What forms of payment can I use?We have several forms of payments available, including PayPal, ApplePay, VISA, Mastercard, American Express, Discover, JCB, and Diners Club.Can I change my plan later?Of course. Our plans can scale with you as you get more comfortable with Option Alpha and your trading needs grow. At any time, you can upgrade to the next level and we'll just prorate the difference automatically for you upon upgrading.Can I trade index options such as SPX?Yes. SPX and XSP are available in the Option Alpha trading platform.What options strategies are supported?Long equity (stock) and risk-defined options strategies including; long debit spreads, short credit spreads, iron condors, and iron butterflies. Calendars, diagonals, straddles, strangles are currently not supported.PlatformBotsTemplatesIntegrationsBacktesterCommunityResourcesBots 101WorkshopsVideosEducationCoursesStrategiesHandbookPodcastBlogCompanyAboutCareersTeamLegalHelpContactStatus© 2026 Option Alpha. All Rights Reserved. Patent Pending USSN 63/118,547 Your Privacy ChoicesNotice at Collection --- LoginStart Free TrialHomeLegalTerms of UseTerms of UseThe overarching agreement you make with Option Alpha.NOTICE OF ARBITRATION PROVISIONS:Your use of the Services is subject to binding individual arbitration of any disputes which may arise, as provided below and in these Terms of Use. 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You acknowledge that we have the right but not the obligation to use and display any contributions from you of any kind and that we may elect to cease the use and display of any such contributions on our Programs, Products, Services and/or Services at any time for any reason whatsoever.TerminationIn its sole and absolute discretion, with or without notice to you, the Company may suspend or terminate your use of and access to the Services, terminate your account and/or remove and discard anything transmitted by you, or Services stored, sent, or received without prior notice and for any reason, including, but not limited to: (i) concurrent access of the Services with identical user identification, (ii) permitting another person or entity to use your user identification to access the Services, (iii) any unauthorized access or use of the Services, (iv) any violation of this Agreement, (v) tampering with or alteration of any of the software and/or data files contained in, or accessed through, the Website, or (vi) abuse, deception or fraudulent behavior. Such suspension or termination may include, but not be limited to, suspension or termination of access or rights to receive any content. You may terminate your account for any reason by emailing the Company at team@optionalpha.com. The Company shall not be liable to you or any third party for any claims or damages arising out of any termination or suspension of the Services. Termination, suspension, or cancellation of the Services or your access rights shall not affect any right or relief to which the Company may be entitled, at law or in equity, and all rights granted to you will automatically terminate and immediately revert to the Company.Media ReleaseBy using our Services and accessing our Website, including our any social media profile or community, you consent to photographs, videos, and/or audio recordings that may be made that may contain you, your voice and/or your likeness. In our sole discretion, we reserve the right to use these photographs, videos, and or/audio recordings and/or any other materials submitted by you to us in connection with your use or access of the Services or the Website in our current or future programs, products or services, and/or our marketing or promotional efforts, without compensation to you at any time, now or at any time in the future.Request for Permission to Use InformationAny request for written permission to use our Services, in whole or in part, or any other intellectual property or property belonging to us, should be made BEFORE you wish to use it by completing the “Contact” form on this Website, or by sending an e-mail to team@optionalpha.com.You may NOT use the Services or Website, in whole or in part, in any way that is contrary to this Agreement unless we have given you specific written permission to do so.If you are granted permission by us, you agree to use the specific Services that we allow and ONLY in the ways for which we have given you our written permission.If you choose to use the Services in ways that we do not specifically give you written permission, you agree now that you will be treated as if you had copied, duplicated and/or stolen such Services from us, and you consent to immediately stop using such Services and to take whatever actions as we may request and by the methods and in the time frame that we prescribe to protect our intellectual property and ownership rights in the Services and the Website.SecurityWhen you apply for, enroll in, upgrade to, join, signup, and/or purchase or use our Services or Website, we may seek and collect personal data and Services including but not limited to your name, e-mail address, phone number, billing Services, credit card or payment Services, demographic Services, preferences, interests, or other personally-identifying Services (“Confidential Services”).By providing such Confidential Services to us, you grant us permission to use and store such Confidential Services. We, in turn, will use commercially reasonable efforts to keep your Confidential Services safe, secure and confidential. When you submit Confidential Services via a program, product or service provided by the Company or Services, we take commercially reasonable measures to protect the security of your Confidential Services both online and offline. However, the Company expressly does not warrant or guarantee the security of your Confidential Services or of any other data or Services transmitted to us or through our services; therefore submitting Confidential Services, data or other Services will be done solely at your own risk.Our Services are for your personal and non-commercial use. The Services contain material that is derived in whole or in part from material supplied and owned by the Company and other sources. Such material is protected by copyright, trademark and other applicable laws. Unless otherwise agreed to in writing by the Company, you agree that you will not use the Services, or duplicate, download, publish, modify or otherwise distribute or use any material on the Services for any purpose, except for your personal, non-commercial use. You also agree that you will not link to any page on the Services other than the home page (for example, "deep linking"), without the Company’s prior written consent. Use of the Services or any materials or content on the Services for any commercial or other unauthorized purpose is prohibited. You acknowledge that storing, distributing or transmitting unlawful material could expose you to criminal and/or civil liability. You may not download (other than page caching) or modify the Services or any portion of them unless we have provided you with express written consent. You shall not make derivative use of the Services (or any part thereof) for any purpose, nor shall you download or copy Services of users, or otherwise engage in data mining or similar data gathering.We have implemented reasonable and appropriate security measures designed to protect the Services provided through and/or maintained to us. You are responsible for using appropriate technical safeguards to secure your devices used to access the Services, such as up-to-date software and virus protection. You are responsible for your devices, including computers, laptops, and mobile devices used to access the Services.Personal Responsibility and Assumption of RiskAs a Licensee or a User, you agree that you are using your own judgment in using the Services or Website and you agree that you are doing so at your own risk. The Services or Website are for informational and educational purposes only. You agree and understand that you assume all risks and no results are guaranteed in any way related to the Services or Website. The Services or Website are merely to provide you with education and tools to help you make your own decisions for yourself. You are solely responsible for your actions, decisions and results based on the use, misuse or non-use of the Services or Website.We take commercially reasonable precautions to protect the Services or Website. However, due to the nature of the Internet, we cannot completely ensure or warrant the security of the Services or Website or the contributions or Services transmitted to us on or through the Website or the Services or Website. Submitting contributions or Services on our through the Services or Website is done entirely at your own risk. We make no assurances about our ability to prevent any such loss or damage to you or to any other person, company or entity arising out of use of the Services or Website and you agree that you are assuming such risks.Your ConductYou are agreeing that you will not use the Services or Website in any way that causes or is likely to cause them, or access to them, to be interrupted, damaged or impaired in any way. You understand that you are solely responsible for all electronic communications and content sent from you to this Website, any Services or us.You must use the Services or Website for lawful purposes only. You agree that you will not use the Services or Website in any of the following ways:For fraudulent purposes or in connection with a criminal offense or otherwise carry out any unlawful activity;To send, use or re-use any material that is illegal, offensive, abusive, indecent, harmful, defamatory, obscene or menacing, threatening, objectionable, invasive of privacy, in breach of confidence, infringing of any intellectual property rights, or that may otherwise may injure others;To send, negatively impact, or infect the Services or Website with software viruses or any other harmful or similar computer code designed to adversely affect the operation of any computer software or hardware, commercial solicitation, chain letters, mass mailings or any spam, whether intended or not;To cause annoyance, inconvenience or needless anxiety;To impersonate any third party or otherwise mislead as to the origin of your contributions; orTo reproduce, duplicate, copy or resell any part of the Services or Website in a way that is not in compliance with this Agreement or any other agreement with us.Brokerage(s) Connection LimitationsAuthorized connections are strictly limited to one (1) API connection per brokerage available. Therefore, you may one (1) connection to each brokerage in your account. Additionally, you may have multiple sub-accounts under that single connection. However, attempting to authorize any existing connection multiple times under different, fake, or fraudulent emails and/or user profiles is strictly prohibited. If you are found with multiple emails or user profiles that attempt to connect to the same brokerage(s), you acknowledge and understand that you will immediately forfeit your access to any and all accounts as well as your membership without refund for abuse and violation of these terms.WebhooksBy using Webhooks provided by Option Alpha, you acknowledge and agree to the following terms:Authorization: You are solely responsible for ensuring that all webhook URLs and associated services you use with Webhooks are authorized and comply with all applicable laws and regulations.Usage Limitations: Option Alpha reserves the right to limit the number of webhooks or the frequency of their use to prevent abuse or excessive load on our systems.Prohibited Activities: You agree not to use the Webhooks tool for any unlawful purposes, including but not limited to fraud, unauthorized access, or distribution of malicious content.Liability: Option Alpha is not liable for any loss or damage arising from the use of Webhooks, including, but not limited to, errors in automations, misconfigured webhooks, service interruptions, or third-party service interruptions.Termination: Option Alpha reserves the right to suspend or terminate your access to Webhooks if we detect misuse, abuse, or any activity that may harm our systems or other users.Services, Purchases and Online CommerceIf paying for any Programs, Products or Services by debit card, or credit card or other merchant account such as PayPal or ApplePay, you give us permission to automatically charge your credit or debit card as payment for such Programs, Products or Services without any additional authorization, for which you will receive an electronic receipt. In the event that payment is not received by the date due, you will have a three (3) day grace period to make the payment otherwise such Programs, Products or Services will not continue, and we reserve the right to cease your access immediately and permanently. If you fail to make payment in a timely manner in accordance with this Agreement or voluntarily decide to withdraw from such Programs, Products or Services at any time or for any reason whatsoever, you still will remain fully responsible for the full cost of the Services purchased. All information obtained during your purchase or transaction for the Programs, Products or Services and all of the information that you give as part of the transaction, such as your name, address, method of payment, credit card number, and billing information, may be collected by both us and our payment processing company. You agree to only purchase Programs, Products or Services for yourself or for another person for whom you are legally permitted to do so or for whom you have obtained the express consent to provide their name, address, method of payment, credit card number, and billing information. You agree to be financially responsible for all purchases made by you or someone acting on your behalf. You agree to use Programs, Products or Services for legitimate, non-commercial purposes only and not for speculative, false, fraudulent, or illegal purposes.Since we have a clear and explicit Refund Policy in this Agreement that you have agreed to prior to completing the purchase of any Programs, Products or Services, we do not tolerate or accept any type of chargeback threat or actual chargeback from your credit card company. In the event that a chargeback is placed on a purchase or we receive a chargeback threat during or after your purchase, we reserve the right to report the incident to all three credit reporting agencies or to any other entity for inclusion in any chargeback database or for listing as a delinquent account which could have a negative impact on your credit report score. The information reported will include your name, email address, order date, order amount, and billing address. Chargeback abusers wishing to be removed from the database shall make the payment for the amount of the chargeback.If you make a purchase from one of our affiliates, or any other individual or company through a link provided on or through our Services (“Merchant”), all information obtained during your purchase or transaction and all of the information that you give as part of the transaction, such as your credit card number and contact information, may be collected by the Merchant and their payment processing company as well. Your participation, correspondence or business dealings with any affiliate, individual or company on or through our Services, and all purchase terms, conditions, representations or warranties associated with payment, refunds, and/or delivery related to your purchase, are solely between you and the Merchant. You agree that we shall not be responsible or liable for any loss, damage, refunds, or other matters of any sort that incurred as the result of such dealings with a Merchant.Payment processing companies and Merchants may have privacy and data collection practices that are different from ours. We have no responsibility or liability for these independent policies of the payment processing companies and Merchants. In addition, when you make certain purchases through our Website, you may be subject to the additional terms and conditions of a payment processing company, Merchant or us that specifically apply to your purchase. For more information regarding a Merchant and its terms and conditions that may apply, visit that merchant’s Website and click on its information links or contact the Merchant directly. You release us, our affiliates, our payment processing company, and Merchants from any damages that you incur, and agree not to assert any claims against us or them, arising from your purchase through or use of the Website or its Services.Refund PolicyYour satisfaction with your Programs, Products or Services is important to us. Regarding any such Programs, Products or Services, we will refund your payment(s) immediately so long as we are contacted within the appropriate time frame of such Programs, Products or Services you purchased at the time of sale and the request is valid per the terms of use. Each Programs, Products or Services shall indicate on the product or checkout page the specific refund timeline, so please make sure to refer back to the product or checkout page for your review. Elite Lifetime membership programs and services are not eligible for refunds or returns given they are highly discounted access to all research and software access with no monthly payments. 'Lifetime' access is defined to be as long as the service is made available. By using and/or purchasing any of our Programs, Products or Services, you understand and agree that all transactions and sales are final and the Company is not required under any circumstances to refund payments outside of the specified period for each product or membership to its users unless the Company so chooses.CONFIDENTIALITY AND PRIVACYPrivacy PolicyYour use of the Services and any Services provided by you or gathered by the Company or third parties during any visit to or use of the Services is governed by the Privacy Policy which is incorporated by this reference. By using the Services and Website, you acknowledge and agree to the Company’s collection, use and sharing of your Services as set forth in the Privacy Policy.If you do not agree to our Privacy Policy, please do not use and promptly exit the Services.The following additional terms outlined in sections (1) through (5) below shall apply to the Privacy Policy. In the case that any conflicts exist between these terms and those terms found in the Privacy Policy, the language below shall supersede. (1) Your use of the Website and Services are subject to binding individual arbitration of any disputes which may arise, as provided in the Terms of Use. Please read the arbitration provisions of our Terms of Use carefully and do not use the Services if you are unwilling to arbitrate any disputes you may have with us as provided in our Terms of Use.(2) Personal InformationWe, or a third-party service provider acting on our behalf (“Service Provider”), may collect personal information from you when you register with the Site; place an order on our Site; sign up for newsletters; participate in our offers and programs including sweepstakes, contests, and surveys; or otherwise contact us. This personal information may include your name, email address, zip code, gender, date of birth, race, ethnicity, income level, education level, parental status, marital status, primary language spoken in the home, photos/videos of you or other individuals, and, if you are making a purchase, financial account information (e.g., credit card, debit card or bank account information). Please remember that if others use devices into which you remain logged in, they may share information with us as if they were you, and they may have access to information that you have previously provided us. To protect your privacy, please log out from the Services you use on shared devices.Tracker; Usage Data; email address; Data communicated in order to use the Service; unique device identifiers for advertising (Google Advertiser ID or IDFA, for example); payment info; first name; last name; billing address; purchase history; Data communicated while using the service; username; country; phone number; profession; city; screenshots; ZIP/Postal code; number of Users; session statistics.(3) Non-Personal InformationWe, or our Service Provider, may use cookies, web beacons, log files or other technologies to automatically collect certain non-personally identifiable information about visitors to our Site, use of the services on our Site, or interactions with our email and advertisements on our Site. This information relates to you or the computer, or mobile device you use to access the online Services, but does not on its own identify you personally. For example, we may collect information such as your browser type, your computer operating system, Internet Protocol (“IP”) address, the domain from which you accessed the Site, viewed webpages, whether an email was opened, links that are clicked, the number of times you have viewed an ad, whether or not you clicked on an advertisement, information about the equipment or software you use to access the Services, and information you provide to or post on message boards or chat rooms that may be part of the Services.(4) Detailed information on the processing of Personal DataWe, or our Service Providers, may use the information that we collect from and about you for a variety of business purposes. For example, we may use the information to: (1) provide services, complete transactions, and communicate with Site visitors and customers; (2) develop new products or services and improve the user experience on the Site; (3) respond to your inquiries; (4) provide you with targeted offers and advertising on the Site; (5) contact you with information and promotional materials from our company and select business partners; (6) contact you when necessary; (7) review the usage and operations of the Site and Services; (8) address problems with the Site, our business, or our products and Services; (9) protect the security or integrity of the Site and our business, (10) allow you to participate in the interactive features of the Services, where you choose to do so; (11) display certain content, such as content you upload and make available, such as comments, reviews, etc.; (12) deter fraud or any other potentially illegal activities, and to protect the safety of our users and others; (13) enforce our terms and conditions of services; (14) create consumer profiles and audience segments, which may be used for targeted advertising on the Services or on third party services; (15) recognize devices you use and associate the information with your profile. We may use data collected or received from others, such as information about devices you use, to make a deterministic or probabilistic match of advertising and cookie identifiers. For example, we or others may match devices you use if you log onto the same online service or multiple devices or web browsers (deterministic), or if devices you use share similar attributes that support an inference that they are used by the same user (probabilistic). We also may use this information, for example, to match a user’s interest across devices, as well as for analytics, ad reporting, or to improve the services; (16) comply with applicable laws ; and/or (17) combine all the information we collect or receive about you for any of the foregoing purposes. We may also use your information as described to you at the point of collection, with your consent.Personal Data is more specifically collected for the following purposes and using the services outlined in our Privacy Policy.(5) Privacy Policy Contact InformationState residents, or their authorized agents if permitted under applicable law, exercising their right to opt-out of the sale or sharing of their personal information, or limit the use of their sensitive personal information, may do so by contact us by:emailing us at team@optionalpha.com; emailing us at team@optionalpha.com, if you are requesting or exercising your right that we do not sell or share your personal information, or that we limit the use of your sensitive personal information (for more information about how to opt-out of receiving targeted advertising from certain third-party advertisers, please see our Cookies Policy); orsending us a written request by mail to:Option Alpha, LLC360 Central Avenue, Suite 800,St. Petersburg, FL 33701Confidential ServicesIn connection with your use of the Website or the Services, we may seek personal data or information including your name, e-mail address, phone number, street address, billing information, birthday, preferences, interests, assignments, or other personally-identifying information (“Confidential Information”), or you may offer or provide a comment, photo, image, video or any other submission to us when using or participating in the Services or Website (“Other Information”). By providing such Confidential Services or Other Services to us, you grant us permission to use and store such information. We, in turn, will use commercially reasonable efforts to keep your Confidential Services safe, secure and confidential in accordance with this Agreement and our full Privacy Policy which may be found on the Website. If you believe that any of your Confidential Services is incorrect or incomplete, please contact us as soon as possible.What We Do With Confidential InformationWe request and require various personal data and/or Confidential Services to understand your needs and provide you with better services. In addition, we may use such data and Confidential Services for the following reasons: (1) for internal record keeping, (2) to improve our Programs, Products, Services or Services, (3) to periodically send promotions about new Services or other special offers from which you may unsubscribe at any time, (4) for aggregate, non-identifiable data for research purposes, (5) to customize the respective Services you purchase or use according to your interests and/or (6) for support or communication related to your Program, Product, Service or Services.StorageAll data and Confidential Services is stored through a data management system. This data and Confidential Services can only be accessed by those who help manage that Services in order to deliver e-mail or otherwise contact those who would like to receive our correspondence. You agree and acknowledge that we, including but not limited to our team, staff and affiliates, and those who manage the data management system may have access to your Confidential Services.Confidentiality and DisclosureAll Confidential Services will be held in confidentiality and will not be disclosed to third parties, except that we may disclose Confidential Services and personally identifiable information: (1) pursuant to this terms of this Agreement and Privacy Policy and our Disclaimer, (2) if we are required to do so by law, (3) in the good-faith belief that such action is necessary to conform to the law, (4) to comply with any legal process served on either us or our partners, sponsors, investors, or affiliates, (5) to protect and defend our rights or property or those of our users or purchasers, and/or (6) to act as immediately necessary in order to protect the personal safety of our users, purchasers, or the public. We will not sell, distribute or lease your Confidential Information to third parties unless we have your permission or are required by law to do so.Viewing by OthersNote that whenever you make your Confidential Information or Other Information available for viewing by others such as through our Services, Website, or social media, the Confidential Information or Other Information that you share also can be seen, collected and used others, and therefore, we cannot be responsible for any unauthorized use by others of such Confidential Information or Other Information that you voluntarily share online or in any other manner.How We Use CookiesWe may use the standard "cookies" feature of major web browsers. We do not set any Confidential Information in cookies, nor do we employ any data-capture mechanisms on the Website other than cookies. You may choose to disable cookies through your own web browser’s settings. However, disabling this function may diminish your experience on the Website and some features of the Services or Website may not work as intended. We have no access to or control over any information collected by other individuals, companies or entities whose website or materials may be linked to our Services.For more information as to how and why we use Cookies, please refer to our Cookie Policy.The following additional terms outlined in sections (1) below shall apply to the Cookie Policy. In the case that any conflicts exist between these terms and those terms found in the Cookie Policy, the language below shall supersede. (1) NOTICE OF ARBITRATION PROVISIONS: Your use of the Services is subject to binding bi-lateral arbitration of any disputes which may arise, including the Mass Arbitration Supplementary Rules, as applicable, as provided in the Terms of Use. Please read the arbitration provisions carefully and do not place orders or otherwise use the Website or our Services if you are unwilling to arbitrate any disputes you may have with us as provided in our Terms of Use. PasswordsTo use certain features of our Programs, Products or Services or other Services, you may be issued a group username and password or a unique individual username and password, which you will receive through your registration and/or purchase process. You may be able to change to username and/or password of your choosing. You are responsible for maintaining the confidentiality of the password and account, and are responsible for all activities (whether by you or by others) that occur under your password or account. You are not permitted to share your username and/or password with anyone. If we learn you have shared your username and/or password with another person, we reserve the right to immediately terminate your access to the Programs, Products or Services, other Services, Website, private forum, Facebook group or any other related communication. It is your responsibility to protect your own password from disclosure to others. We cannot and will not be liable for any loss or damage arising from your failure to protect your password or account Services. You are responsible for activities that take place using your password(s) and within your account. If you share your password(s) with anyone, they may be able to obtain access to your personal information at your own risk. You agree to notify us immediately of any unauthorized use of your password or account or any other breach of security, and to ensure that you exit from your account at the end of each session. By using our Programs, Products or Services, you agree to enter true and accurate information as part of the registration, purchase process and otherwise. If you enter a false email address, we have the right to immediately inactivate your account. We will use commercially reasonable efforts to keep your password(s) private and will not otherwise share your password(s) without your consent, except as necessary when the law requires it or in the good faith belief that such action is necessary, particularly when disclosure is necessary to identify, contact or bring legal action against someone who may be causing injury to others or interfering with our rights or property.INDEMNIFICATION, RELEASE OF CLAIMS, EXCLUSION OF DAMAGES, LIMITED LIABILITY AND DISPUTE RESOLUTIONIndemnificationYou agree at all times to defend, indemnify and hold harmless the Company, as well as any and all Company Persons, from and against any and all claims, causes of action, damages, liabilities, costs and expenses, including legal fees and expenses, arising out of or related to the Services or Website, or your breach of any obligation, warranty, representation or covenant set forth in this Agreement or in any other agreement with us.Release of ClaimsBy accessing or using this Website or the Services, you hereby fully and completely hold harmless, indemnify and release the Company and each of the Company Persons, and anyone otherwise affiliated with the Company’s business, from any and all causes of action, allegations, suits, claims, damages, or demands whatsoever, in law or equity, that may arise in the past, present or future that is in any way related to the Services or the Website.Limitation of LiabilityWe will not be held responsible or liable in any way for the information, products or materials that you request or receive through or on the Website or in connection with the Services. We do not assume liability due to any act or default of anyone or any business, whether owners, staff, agents, joint venture partners, contractors, vendors, affiliates or otherwise, affiliated with us. We do not assume liability for any owners, staff, agents, joint venture partners, contractors, vendors, affiliates or otherwise who is engaged in providing any Services or any contents of the Website or in any way or in any location. In the event that you use the Services or Website or any other information provided by us or affiliated with us, we assume no responsibility. In no event will the Company’s aggregate liability to you in connection with the website and Services or this Agreement exceed the amount (if any) paid by you to the Company in the six months immediately preceding the event which gave rise to the liability. Exclusion of DamagesThe Company is not responsible for any damages, injury or economic loss arising from the use of the content of the Services provided by the Company or by any third party on the Website.UNDER NO CIRCUMSTANCES SHALL THE COMPANY OR ANY COMPANY PERSON BE LIABLE FOR DIRECT, INDIRECT, INCIDENTAL, CONSEQUENTIAL, SPECIAL, PUNITIVE, EXEMPLARY, OR ANY OTHER DAMAGES ARISING OUT OF YOUR USE OF THE WEBSITE OR SERVICES, INCLUDING BUT NOT LIMITED TO NEGLIGENCE. ADDITIONALLY, COMPANY IS NOT LIABLE FOR DAMAGES IN CONNECTION WITH (I) ANY FAILURE OF PERFORMANCE, ERROR, OMISSION, DENIAL OF SERVICE, ATTACK, INTERRUPTION, DELETION, DEFECT, DELAY IN OPERATION OR TRANSMISSION, COMPUTER VIRUS OR LINE OR SYSTEM FAILURE; (II) LOSS OF REVENUE, ANTICIPATED PROFITS, BUSINESS, SAVINGS, GOODWILL OR DATA; AND (III) THIRD PARTY THEFT OF, DESTRUCTION OF, UNAUTHORIZED ACCESS TO, ALTERATION OF, OR USE OF THE SERVICES OR PROPERTY, REGARDLESS OF OUR NEGLIGENCE, GROSS NEGLIGENCE, FAILURE OF AN ESSENTIAL PURPOSE AND WHETHER SUCH LIABILITY ARISES IN NEGLIGENCE, CONTRACT, TORT, OR ANY OTHER THEORY OF LEGAL LIABILITY. THE FOREGOING APPLIES EVEN IF COMPANY HAS BEEN ADVISED OF THE POSSIBILITY OF OR COULD HAVE FORESEEN THE DAMAGES. IN THOSE STATES THAT DO NOT ALLOW THE EXCLUSION OR LIMITATION OF LIABILITY FOR THE DAMAGES, OUR LIABILITY IS LIMITED TO THE FULLEST POSSIBLE EXTENT PERMITTED BY LAW. IN NO EVENT SHALL COMPANY’S CUMULATIVE LIABILITY TO YOU EXCEED $100.BINDING ARBITRATION OF ALL DISPUTESWe believe that arbitration is a faster, more convenient and less expensive way to resolve any disputes or disagreements that you may have with us. Therefore, pursuant to this Agreement, if you have any dispute or disagreement with us regarding or relating to (i) your use of or interaction with the Services, (ii) any purchases or other transactions or relationships with the Company, or (iii) any data or Services you may provide to the Company or that the Company may gather in connection with such use, interaction or transaction (collectively, "Optionalpha.com Transactions or Relationships"), you will not have the right to pursue a claim in court, or have a jury decide the claim and you will not have the right to bring or participate in any class action or similar proceeding in court or in arbitration. By using or interacting with the Services and Website, or engaging in any other Optionalpha.com Transactions or Relationships with us, you agree to binding arbitration as provided below. Our rights and obligations under this arbitration provision shall inure to the benefit of each of the Company’s parent company(ies) and/or owners regardless of whether any of them are named as a co-defendant with us or named individually in a claim that would otherwise be subject to this arbitration provision if brought against us.We will make every reasonable effort to informally resolve any complaints, disputes, or disagreements that you may have with us. If those efforts fail, by accessing and/or using our Services, you agree that any complaint, dispute, or disagreement you may have against the Company, and any claim that the Company may have against you, arising out of, relating to, or connected in any way with this Agreement, our Privacy Policy, or any Optionalpha.com Transactions or Relationships shall be resolved exclusively by final and binding arbitration ("Arbitration") administered by JAMS or its successor ("JAMS") and conducted in accordance with the JAMS Streamlined Arbitration Rules And Procedures in effect at the time the Arbitration is initiated or, if the amount in controversy exceeds $100,000, in accordance with the JAMS Comprehensive Arbitration Rules And Procedures then in effect (respectively, the "Applicable Rules"). The Applicable Rules can be found at www.jamsadr.com. If JAMS is no longer in existence, the Arbitration shall be administered by the American Arbitration Association or its successor (the "AAA") instead, and conducted in accordance with the AAA Commercial Arbitration Rules in effect at that time (which shall be the "Applicable Rules" in such circumstances). If JAMS (or, if applicable, AAA) at the time the arbitration is filed has Minimum Standards of Procedural Fairness for Consumer Arbitrations in effect which would be applicable to the matter in dispute, the Company agrees to provide the benefit of such Minimum Standards to you to the extent they are more favorable than the comparable arbitration provisions set forth herein, provided, however, that in no event may such Minimum Standards contravene or restrict the application of subpart (e) or (i) below. Furthermore, nothing herein shall prevent any party from seeking provisional remedies in aid of arbitration from a court of appropriate jurisdiction. You further agree that:the Arbitration shall be conducted before a single arbitrator selected in accordance with the Applicable Rules or by mutual agreement between you and OptionAlpha.com (the "Arbitrator");the Arbitrator, and not any federal, state or local court or agency, shall have the exclusive authority to resolve any dispute arising under or relating to the validity, interpretation, applicability, enforceability or formation of these Terms and/or these arbitration provisions hereof, including but not limited to any claim that all or any part of these Terms is void or voidable;the Arbitration shall be held either: (i) at a location determined by JAMS (or, if applicable, AAA) pursuant to the Applicable Rules (provided that such location is reasonably convenient for you and does not require travel in excess of 100 miles from your home or place of business); or (ii) at such other location as may be mutually agreed upon by you and OptionAlpha.com; or (iii) at your election, if the only claims in the arbitration are asserted by you and are for less than $10,000 in aggregate, by telephone or by written submission.the Arbitrator (i) shall apply internal laws of the State of New York consistent with the Federal Arbitration Act and applicable statutes of limitations, or, to the extent (if any) that federal law prevails, shall apply the law of the United States, irrespective of any conflict of law principles; (ii) shall entertain any motion to dismiss, motion to strike, motion for judgment on the pleadings, motion for complete or partial summary judgment, motion for summary adjudication, or any other dispositive motion consistent with New York or federal rules of procedure, as applicable; (iii) shall honor claims of privilege recognized at law; and (iv) shall have authority to award any form of legal or equitable relief;the Arbitration can resolve only your and/or the Company’s individual claims, and the Arbitrator shall have no authority to entertain or arbitrate any claims on a class or representative basis, or to consolidate or join the claims of other persons or parties who may be similarly situated;the Arbitrator shall issue a written award supported by a statement of decision setting forth the Arbitrator's complete determination of the dispute and the factual findings and legal conclusions relevant to it (an "Award"). Judgment upon the Award may be entered by any court having jurisdiction thereof or having jurisdiction over the relevant party or its assets;in the event that you are able to demonstrate that the costs of Arbitration will be prohibitive as compared to the costs of litigation, the Company will pay as much of your filing and hearing fees in connection with the Arbitration as the Arbitrator deems necessary to prevent the arbitration from being cost-prohibitive, regardless of the outcome of the Arbitration, unless the Arbitrator determines that your claim(s) were frivolous or asserted in bad faith;in the event you recover an Award greater than the Company’s last written settlement offer, the Arbitrator shall also have the right to include in the Award the Company’s reimbursement of your reasonable and actual out-of-pocket attorneys' fees associated with the Arbitration, but the Company shall in all events bear its own attorneys' fees; andwith the exception of subpart (e) above, if any part of this arbitration provision is deemed to be invalid, unenforceable or illegal, or otherwise conflicts with the Applicable Rules, then the balance of this arbitration provision shall remain in effect and shall be construed in accordance with its terms as if the invalid, unenforceable, illegal or conflicting provision were not contained herein. If, however, subpart (e)is found to be invalid, unenforceable or illegal, then the entirety of this arbitration provision shall be null and void, and neither you nor OptionAlpha.com shall be entitled to arbitrate their dispute, and must instead bring any claims in a court of competent jurisdiction.OptionAlpha.com may modify these arbitration provisions, but such modifications shall only become effective thirty (30) days after the Company has given notice of such modifications and only on a prospective basis for claims arising from the Company’s Transactions and Relationships occurring after the effective date of such notification.Notwithstanding the foregoing arbitration provisions, at your option, you may bring any claim you have against the Company in your local small claims court within the United States, if your claim is within such court's jurisdictional limit; provided that such court does not have the authority to entertain any claims on a class or representative basis, or to consolidate or join the claims of other persons or parties who may be similarly situated in such proceeding.This Agreement and the relationship between you and the Company shall be governed by the laws of the United States and the State of Florida without regard to its conflict of law provisions. Subject to the arbitration provisions above, and other than small claims actions as permitted therein, any action or proceeding arising from, relating to or in connection with these Terms will be brought exclusively in the federal or state courts located in Pinellas County, Florida, and you irrevocably consent to the personal jurisdiction of such courts and agree that it is a convenient forum and that you will not seek to transfer such action or proceeding to any other forum or jurisdiction, under the doctrine of forum nonconveniens or otherwise.Applicability of Disclaimers, Exclusions and LimitsBecause some jurisdictions do not allow for the exclusion of damages, the Company’s liability in such jurisdictions shall be limited to the greatest extent permitted by the law of such jurisdiction. In addition, because some jurisdictions do not permit the disclaimer of certain warranties, the disclaimers set forth above may not apply to you.If you are a California resident, you waive your rights with respect to California Civil Code Section 1542, which says “a general release does not extend to claims which the creditor does not know or suspect to exist in his favor at the time of executing the release, which, if known by him must have materially affected his settlement with the debtor.”By using or accessing the Services or Website, you are agreeing to a modification of the statute of limitations such that any arbitration must begin within one (1) year of the date of your e-mail to the Company referenced above or you thereby waive the right to seek dispute resolution by arbitration or to take any other legal action.In the event of a dispute between us, you agree to not engage in any conduct or communications, public or private, including on social media, designed to disparage the Company, any Company Person, or any of its programs, products or services. Where requested by law or arbitration, of course, you are not prohibited from sharing your thoughts and opinions as a part of the legal process.If any terms of these foregoing arbitration terms are construed to be invalid or unenforceable for any reason, it shall not affect the validity or enforceability of any other term which shall be given full force and effect.SEVERABILITY; ASSIGNMENT; ENTIRE AGREEMENT, HEADINGSShould any provision of this Agreement be or become invalid, illegal, or unenforceable under applicable law, the other provisions shall not be affected and shall remain in full force and effect. This Agreement shall bind and inure to the benefit of your and our respective successors and assigns. This Agreement is freely assignable by us, but any transfer, assignment or delegation by you, without our prior written consent, is invalid. This Agreement constitutes the entire agreement between the parties with respect to its relationship and supersede all prior oral or written agreements, understandings and representations to the extent that they relate in any way to the subject matter hereof. No waiver of any of the provisions shall bind either party unless set forth in a writing specifying such waiver, consent or amendment signed by both parties. The headings of this Agreement are provided for convenience only and shall not affect its construction or interpretation.We respect your right to privacy. To see how we collect and use your personal Services, please see our Privacy Policy.CONTACT US If you have any comments, feedback, or questions, including the resolution of a complaint regarding the Services, or if you are seeking further Services regarding the Services, the Company can be contacted at:Option Alpha, LLC360 Central Avenue, Suite 800, St. Petersburg, FL 33701Email: support@optionalpha.com Telephone: 1+(305) 396-9118For Mobile Service support or assistance, text HELP in response to any SMS/text message you receive from us, or email support@optionalpha.com.California residents may reach the Complaint Assistance Unit of the Division of Consumer Services of the California Department of Consumer Affairs by mail at 1625 North Market Blvd., Sacramento, CA 95834, or by telephone at (916) 445-1254 or (800) 952-5210.Thank you.FAQsNo items found.Be a more powerful options traderHomeAboutLegalStatusContactNotice at Collection Your Privacy Choices©2026 Option Alpha. All Rights Reserved. Patent Pending USSN 63/118,547 --- LoginStart Free TrialHomeLegalRisk Disclosure AgreementRisk Disclosure AgreementRequired agreement related to investment security risk and the platform.You acknowledge and agree to this Risk Disclosure Agreement which is also incorporated by reference in the Company's Terms of Use:General Marketplace RisksOptions TradingOptions trading generally is not appropriate for someone of limited resources and/or limited investment or trading experience or someone with low-risk tolerance. The risk of loss in trading options and other securities can be substantial. Consider all relevant risk factors, including your own personal financial situation, before engaging in any options trading. The possibility exists that you could sustain a substantial loss which could total more than your initial investment in a short period of time. Therefore you should not invest money that you cannot afford to lose. In particular, you should not fund options trading activities with retirement savings, student loans, second mortgages, emergency funds, or funds required to meet your living expenses. If you have any questions or concerns regarding the risks associated with trading, you should confer with a trusted and reliable, independent financial advisor. None of the Information or the Website provided by the Company constitutes a solicitation to trade any option or any investment or security of any kind.OptionsOptions are widely considered a volatile investment class and are priced according to complex factors involving (among other factors) price, the volatility of the underlying asset, time until expiration, and interest rates. By their nature, therefore, options involve a high degree of financial risk. Risks associated with acquiring options include (without limitation): (i) the risk of losing your entire investment increases as the option goes out of the money and as expiration approaches; (ii) the risk that certain options do not have secondary markets on which to sell them, meaning that their value can only be realized upon expiration; (iii) the risk that a particular option contract may have specific exercise provisions that create additional risk; (iv) U.S. or other regulatory agencies may impose regulations or rules that impair your ability to realize value from options; and (v) the risk of losing your entire investment in a relatively short period of time. You should familiarize yourself with the type of Options (i.e. put or call) that you contemplate trading and the risks associated with them (not all of which are captured in this disclosure statement). In addition, options (unlike several other classes of securities) expire, thereby losing any value they might have if not sold or exercised prior to that expiration. This imposes a particular obligation on an options trader to ensure that his or her options are traded or exercised in a timely fashion. Claims about Options TradingBe wary of advertisements or other claims of large profits in options trading. While options trading can offer opportunities for potential gains, it is essential to approach any promises of substantial profits with caution and skepticism. Advertisements or claims of large profits in options trading often highlight exceptional scenarios which may not be representative of typical or average results. It is crucial to understand that trading involves inherent risks, and there are no guarantees of consistent or extraordinary profits. Furthermore, the performance of options trades can be influenced by various factors, including market conditions, volatility, economic events, and individual trader decisions. The potential for profits also comes with an inherent risk of losses. It is important to carefully assess the risk-reward ratio, as well as other potential factors, of each trade and establish appropriate risk management strategies. It is crucial to exercise due diligence and critically evaluate any investment opportunity or trading strategy before making decisions. Independent research and analysis are essential to understand the risks associated with options trading fully. Remember, trading involves uncertainties, and the outcome of any trade cannot be guaranteed. The potential for profits in options trading is always accompanied by the risk of losses. It is important to only trade with funds that you can afford to lose and to establish a diversified portfolio that aligns with your financial goals, risk tolerance, and investment horizon.Option ContractsOptions, and the trading of options, are typically governed by a series of complex contracts. The intent of the legal documents and contracts might be unclear, and even clear drafting could be misconstrued by counterparties or by judges and arbitrators. A dispute over the interpretation of any of these documents or contracts could arise, which may result in unenforceability of the contract or other outcome that is adverse to you.Underlying SecuritiesOptions relate to underlying securities whose identifying characteristics, such as ticker symbols or other attributes, may change with little warning. A company might undergo a stock split, reverse stock split, spin-off, consolidation, or other corporate transaction that could affect the value of its equity interests independently of market trading. This, in turn, might have an effect on the effectiveness of your option positions. The Company is not obligated to provide you information regarding any change to the capital structure or other change to underlying issuers, and you are responsible for performing your own research in connection with the issuers to which your options relate. General Economic and Market ConditionsThe options market will be affected by general economic and market conditions, as well as by changes in laws, currency exchange controls, and international, national, and regional political and socio-economic circumstances. The options market may be sensitive to general swings in the overall economy or particular industries or geographies. Factors affecting economic conditions, including, for example, inflation rates, currency devaluation, exchange rate fluctuations, industry conditions, competition, technological developments, domestic and worldwide political, military and diplomatic events and trends, and innumerable other factors outside of your control and that of the Company, which can materially and adversely affect the availability or desirability of segments of the options market.Regulators of Options and the Options MarketThe courts, the Securities and Exchange Commission, another regulatory agency (whether the U.S. or otherwise), or the options markets themselves may, in the future impose additional restrictions on option trading. This could have an adverse effect on your existing portfolio of options or your options-trading generally.TaxationThe trading of options can impose tax burdens and tax filing obligations on trade participants. Such considerations are complex and highly personal. You are urged to consult with your tax advisors with respect to your tax situation and the effect of engaging in options trading.Counterparty RiskThe trading of options will leave you exposed to the risk that third parties that owe you money, securities, or other assets will not perform their obligations. These parties include trading counterparties, brokers, clearing agents, exchanges, clearinghouses, custodians, and other financial intermediaries. These parties may default on their obligations to you or to another third party due to bankruptcy, lack of liquidity, internal failure, or other reasons. Even outside these risks, certain counterparties (such as brokers, exchanges, and other intermediaries) may charge you commissions or impose other transaction expenses on you, which will be payable even if the associated transaction is not profitable. Accordingly, when trading options, you should determine the extent to which the value of the options must increase for your position to become profitable, taking into account all transaction costs. Past Results Are No Guarantee of Future PerformanceThere can be no assurance as to any particular financial outcome based on the use of the Website. Past results of any individual trader, trading system, bot, bot template, strategy or backtest published by the Company are not indicative of future returns that may be realized by that individual trader, trading system, bot, bot template, strategy, or you. Similarly, it should not be assumed that the methods, techniques, or indicators presented in these products and/or services will be profitable or that they will not result in losses. Any earnings or income statements or examples shown in the Information or through the Website are only estimates and are provided only for informational, entertainment, and educational purposes.Risks Associated with Investment ActivityBrokerage RiskThe Website is not a trading platform, nor does it allow you to trade options or other securities; it instead is a portal through which you may be able to, if desired, access your personal brokerage account that you maintain with a third-party broker. You should refer to the brokerage agreement between your broker and you for how, if at all, any losses arising from these risks are allocated between your broker and you, for which the Company bears no responsibility. Delays within and between your system, as well as those of your broker and the market in which you are seeking to effect trades, might cause orders, corrections, and cancels to be placed or not placed in ways that are not desired. You may receive incorrect information, or be unable to get information about your orders, your positions, or market conditions. Incorrect actions may be taken, or correct actions may not be taken because of inaccurate or missing information.No Assurance of Investment ReturnThe Company cannot provide assurance that you will be able to choose, make and realize trades in options in any particular company or portfolio of companies. There is no assurance that you will be able to generate returns or that the returns will be commensurate with the risks of investing in options generally, or that you will receive a return of its capital. Trading stocks or options should only be considered by persons who can afford a loss of their entire investment. Neither the Company nor any Company Person has made any representations as to the physical, mental, emotional, spiritual or health benefits, future income, expenses, sales volume or potential profitability or loss of any kind that may be derived as a result of your accessing of, or use of, the Information or the Website. The Company cannot and does not guarantee that you will attain a particular result, positive or negative, financial or otherwise, through your access of or use of the Information (including, without any limitation, any Information) and the Website.No Investment AdviceAlthough the Information and the Website may contain general, academic, or educational discussions of securities, such discussions are not solicitations of any kind nor a recommendation to buy or sell a particular financial security or product. Such discussions are not, and should not be construed to be, investment advice under any circumstances. Accordingly, you should not rely solely on the Information or the Website in making any investment. The Company strongly recommends that you seek the advice of your licensed financial, investment, tax, legal or other professional advisors to determine the suitability of any investment.No Legal, Accounting, or Financial AdviceThe Information and the Website are not intended to be perceived as, or relied upon, as legal, accounting, or financial advice. The Company is not a law firm, accounting firm, or financial advisory firm and does not provide legal, accounting, or financial advice. The information provided through the Information and the Website is not intended to be a substitute for the professional advice that can be provided by your own accountant, lawyer, or financial advisor.Regulatory ConsiderationsNeither the Company nor any Company Person is, in such capacities, a licensed financial advisor, registered investment advisor, registered broker-dealer, or FINRA | SIPC | NFA-member firm. As a result, you may not receive the protections or benefits that you might be entitled to were this not the case.Risks Involving the Information, the Website, and this AgreementAssumption of RiskAs with all situations, unknown individual risks and circumstances can arise during the use of the Information and the Website that cannot be foreseen, and that can influence or reduce results. You recognize and agree that any mention of any suggestion or recommendation contained, or that you believe to be contained in the Information or the Website is to be taken at your own sole risk, with no liability on the Company or any Company Person’s part.Errors and OmissionsThe Information and the Website may contain inaccuracies or typographical errors. The Company is not responsible for the views, opinions, or accuracy of facts referenced on or through the Information or the Website, or of those of any other individual or company affiliated with the Company or any Company Person in any way. The Company is not responsible for the accuracy of the Information or the Website, or for any errors or omissions that may occur in connection therewith.TechnologyThe Company does not guarantee that your access to the Information and the Website will not be suspended or restricted from time to time, including (without limitation) to allow for repairs, maintenance or updates, as a result of third-party denial-of-service or other attacks, or through circumstances outside the Company’s reasonable control. To the fullest extent permitted by law, we will not be liable to you for damages or refunds, or for any other recourse, should any Information or the Website become unavailable or should access to them becomes slow or incomplete for any reason, such as (without limitations) system back-up procedures, internet traffic volume, upgrades, overload of requests to the servers, general network failures or delays, or any other cause which may from time to time make the Information or the Website inaccessible to you.Reporting or Displaying Financial DataThe Website displays historical and current financial information about individual companies and users’ options strategies in, among other places, its “Tickers”, “Win Rates”, "Expected Value (EV)", "Alpha", Probability of Profit (POP)", "Rate of Return (ROR)", and “Bullish/Bearish” indicators. These and all other financial data reported on the Website either come from third-party sources whose accuracy has not been independently verified by the Company or are a composite of anonymized user data or activity that the Company has compiled for informational, educational, or entertainment purposes. In no case does the Company guarantee the accuracy or completeness of that information, nor should users rely on that information when making their own independent investment decisions. Some financial data or displays may be the product of backtesting, where an option strategy or trading algorithm is applied historically to an earlier market period. While this may prove educational or entertaining, backtesting should never be relied upon for making investment decisions about strategies or systems as that strategy or time period may have been chosen to highlight a particular process or effect, and/or backtesting in general relies on historical information which cannot predict future markets. Users should exercise caution and discretion when reviewing financial data on the Website, whether provided by the Company or other users, and should not use that data as the basis for any independent investment decision.Discarding Expiring OTM Long Leg(s) with No Bid PriceWhen choosing to discard expiring out-of-the-money (OTM) long legs with no bid price, users should be aware of the potential risks associated with this decision. While this check is designed to prevent illiquid OTM long legs from preventing the closure of a credit spread, there remains a possibility, albeit low, that these long legs could move in-the-money (ITM) due to sudden market volatility during expiration. In such scenarios, users may unexpectedly be assigned the underlying shares, which could lead to substantial financial obligations or require immediate action to mitigate the resulting exposure. It is crucial for users to fully understand and accept this risk before enabling this feature.Earnings & Dividend DataThe Website displays historical, current, and estimated financial information about individual companies, including but not limited to, earnings dates, earnings announcement time, estimated earnings per share (EPS), estimated revenue, ex dividend date, dividend amount, yield, pay date, record date, among other data (the “Earnings and Dividend Data”). These and all other Earnings and Dividend Data reported on the Website come from third-party sources whose accuracy has not been independently verified by the Company. The information obtained from sources is believed to be accurate and reliable, however, the Company does not guarantee or warrant: (a) the accuracy, authenticity, timeliness, reliability, appropriateness, correct sequencing or completeness of this Earnings and Dividend Data; or (b) that the Website Information as a result is free from errors or other material defects. Furthermore, the Company does not represent or warrant the Earnings and Dividend Data, or access to the Earnings and Dividend Data, or that access will be uninterrupted or error-free, or that errors in the Earnings and Dividend Data will be corrected.WebhooksAutomation Risks: Using Webhooks for automations, trading, or other financial activities carries inherent risks. Webhook triggers may lead to unintended actions, which could result in financial loss. You should carefully configure and monitor all webhooks to mitigate these risks.Service Interruptions: Webhooks rely on third-party services and internet connectivity. Interruptions or failures in these services may impact the performance and reliability of Webhooks, potentially leading to missed or delayed trading actions and loss of capital.Misconfiguration: Incorrect webhook configuration can result in unintended consequences, including, but not limited to, the execution of trades that are not aligned with your trading strategy. Ensure all webhook settings are thoroughly tested and validated before use in a live trading environment.Secret URL: Webhook URLs contain a unique access token and should be kept secure like a password. The webook can be triggered by anyone who knows the secure URL. It is your responsibility to protect them and keep them secret. Do not share them with anyone or add them to public source code repositories. Option Alpha is not responsible for any damages resulting from failure to keep them private and secure.Responsibility: You acknowledge and accept full responsibility for using Webhooks and any resulting actions. Option Alpha is not responsible for any loss or damage resulting from using or misusing Webhooks.Regular Review: It is recommended to regularly review and update your Webhook configurations to ensure they remain aligned with your trading strategies and risk management practices.No EndorsementReferences or links in the Information and the Website to the information, opinions, advice, programs, products, or services of any other individual, business, or entity do not constitute a formal endorsement by the Company of such other person. The Company is not responsible for the website content, blogs, e-mails, videos, social media, programs, products, and/or services of any other person, business, or entity that may be linked or referenced in my Website. Conversely, should the Information or a Website link appear in any other individual’s, business’s or entity’s website, program, product, or services, such appearance does not constitute the Company’s endorsement of them, their business, or their website.AffiliatesFrom time to time, the Company may promote, affiliate with, or partner with other individuals or businesses whose Information or Website align with the Company’s. In some cases in connection therewith, the Company may receive financial compensation or other consideration from such individuals or businesses. You acknowledge that such promotion or marketing by the Company does not serve as any form of endorsement of such product or service whatsoever. You acknowledge and agree that you are still required to use your own judgment to determine that any such program, product, or service is appropriate for you and that you assume all risks in connection with your use of any program, product, or service that may promote, market, share or sell on or through the Website.TestimonialsThe Website may present experiences, testimonials, and insights by users of our products and/or services. Such experiences reflect the opinions of such users and are provided for the purposes of illustration only. The experiences are personal to those particular users and may not necessarily be representative of all users of our products and/or services. We do not claim, and you should not assume that all users will have the same experiences. YOUR INDIVIDUAL RESULTS MAY VARY. The testimonials on the Website are submitted in various forms such as text, audio and/or video, and are reviewed by us before being posted. They appear on the Website as given by the users, except for the correction of grammar or typing errors. Some testimonials may have been shortened for the sake of brevity, where the full testimonial contained extraneous information not relevant to the general public. The views and opinions contained in the testimonials belong solely to the individual user and do not reflect our views and opinions. Some users were solicited and compensated $100 in Amazon gift cards.ArbitrationThis Agreement requires the use of arbitration, rather than a trial by jury or a bench trial, to resolve disputes arising under or in connection with this Agreement, the Information, and the Website. This may limit the remedies available to you in the event of a dispute. You fully understand and agree that by accessing or using the Information and the Website (including, without limitation, by enrolling in, purchasing, and/or using any of the Information) that you are thereby voluntarily waiving certain legal rights.Links to Other Websites; Third-Party Information and WebsitesThe Website or Information may provide links and pointers to other websites maintained by third parties that may take you outside of the Website or Information. These links are provided for your convenience, and the inclusion of any link in the Information or Website to any other website does not imply our endorsement, sponsorship, or approval of that website or its owner. We do not endorse, and we are not responsible for the views, opinions, facts, advice, or statements provided by external resources referenced in the Website or the Information, or their accuracy or reliability. We assume no responsibility for errors or omissions caused by other websites that may be included in the Information or the Website. We have no control over the contents or functionality of those websites and so we accept no responsibility for any loss, damage, or otherwise, that may arise from your use of them, and therefore we do not guarantee the accuracy, completeness, or usefulness of any other website or their content. It is your responsibility to review the terms and conditions and privacy policies of those linked websites to confirm that you understand and agree with those policies.Risks Involving ”Bots” and User AutomationsUser Automations, GenerallyThrough the Website, you may create, or have access to other Website users’ creations of, option trading automations, sometimes referred to as “bots” or "templates" (the “User Automations”). You agree not to use any User Automation until you have read the Company’s guidance with respect to User Automations. You understand that neither the Company nor any Company Person is in any way responsible to you for the contents of, performance of, or results from using any User Automation or User Automations generally. You acknowledge that the Company does not recommend, endorse or encourage the use of any specific User Automation. You also acknowledge that, while the Company may make User Automations available to you and may advertise them and their availability to you, the Company also does not recommend, endorse or encourage your use of User Automations generally. You agree to manage your own open positions on a brokerage’s platform should a User Automation fail with respect to such positions for any reason. You acknowledge that User Automations are a sophisticated tool and represent that you have the requisite sophistication to use them, if you do, prudently. You acknowledge that the Company has not guaranteed your access to the User Automations and that the Company may suspend or end the operations of any or all User Automations at any time, or limit or completely restrict your access to them, for any or no reason. Finally, you agree that any use by you of any and all User Automations is strictly at your own risk.Relation to Other Risk DisclosuresBecause User Automations can, by enabling communication with a third party broker, involve the trading of options, their use is subject to the “General Marketplace Risks” and “Risks Associated with Investment Activity” set forth in this Disclosure Statement. In particular, because the User Automations can only interact with a third party broker, and that third party broker will make the independent determination of whether or not to place any orders communicated through a User Automation, the use of User Automations is subject to the risks set forth in “Brokerage Risk” above. Finally, because User Automations are an element of the Website and provided through this Website, their use is subject to the “Risks Involving the Information, the Website and this Agreement” set forth above.Your Use of User AutomationsYou understand that a User Automation, once turned on by you, may, by acting independently of you according to governing rules that you previously established and agreed to, lead to consequences unforeseen by you or differing from those that would have resulted had you acted directly rather than through such User Automation. Risks inherent in creating, testing, and executing trading strategies through User Automations include: (i) risk that the User Automation (i) may not function as you had intended; (ii) may not achieve the desired result; (iii) may not perform or react to market conditions or data as expected; and (iv) may not be appropriate for the market conditions at the time of execution. No matter how well designed and tested a User Automation may be, the results are not wholly predictable, and performance may be subject to numerous unforeseen factors. Past performance is not an indication of future results. A User Automation may be designed on the basis of an incorrect understanding of: (i) how the Website works; (ii) how a User Automation works; (iii) the operation of the trading markets for the securities to which your User Automation is addressed; (iv) how the different systems comprising those markets interact; (v) the costs of executing the trades performed by your User Automation; or (vi) how your User Automations interact with your brokerage account, your broker or other third parties or third-party websites or systems.SPX OptionsThe Chicago Board OptionsExchange (“CBOE”) offers the opportunity to trade in The CBOE S&P 500®Index options (“SPX options”), which are designed to track the underlyingStandard & Poor 500 Index of the largest U.S. public companies. CBOE rules provide that "The minimum tick for options trading below $3.00 is $0.05 ($5.00) and for all other series, $0.10 ($10.00). For complex orders, legs may trade in $0.01 ($1.00) increments, but net package price must be in $0.05 ($5.00) increments." This arrangement differs from the more common trading standard permitting the use of increments of $0.01.Please be aware that, should you decide to trade SPX options, your bots may run calculations that do not always result in prices in $0.05 or $0.10 increments. Rather, these bots will automatically round the price to the next increment that provides the best price for the trader (i.e., a higher price when selling or a lower price when buying). This rounding (which is a common feature among many broker platforms) is intended to provide that orders are accepted by your broker and market centers, maintaining standardization and precision in pricing. As a result of this rounding, however, the execution price of your orders may differ from the originally-specified price. Further, the circumstances created by CBOE policy and the bots rounding function present inherent risks that should be considered when placing orders and managing trades in SPX options, as they may impact your overall trading strategy and outcomes. If you are interested in SPX options, please refer for further details to the CBOE website.“Allocation” Field in the User Automation Menu Only Sets Opening, Not Closing, Cap for OptionsSetting the “Allocation” field in the User Automation menu only establishes the maximum price for opening a position and does not affect the maximum price for closing that position. It is possible that the costs of closing a position could exceed the value you set in the “Allocation” field for opening that position. In other words, the “Allocation” field does not cap the amount of money that may be at risk in connection with a trade.User Override of User Automations’ PositionsWhile users can set capital and position limits while designing a User Automation, you have the ability to manually override that User Automation even after it is turned on. This option, although it gives you greater control and flexibility, also means you can--due to emotion or otherwise--depart from your previously-considered plan with a User Automation. This could lead to the assumption of greater risk than was originally contemplated with the initial User Automation configuration.Investment Strategy of User AutomationsAll users of User Automations must determine for themselves what specific investments to make or not make and are urged to consult with their own independent financial advisor with respect to any investment decision. You bear responsibility for your own investment research and decisions, your decision whether or not to seek the advice of a qualified securities professional before making any investment, and your investigation of any and all risks before employing a User Automation. The fact that the User Automation allows you to do something is not an endorsement of that action by the Company.Accounting for Changes to Underlying SecuritiesUser Automations will not automatically reflect changes to the underlying securities to which their option strategy relates. For instance, an issuer may change its ticker symbol, which could render a User Automation unable to complete a pre-programmed trade that relied on the old symbol. Similarly, an issuer might undertake a stock split, reverse stock split, spin-off, consolidation or other corporate transaction that could affect the value of its equity interests independently of the range of value contemplated by a User Automation. For instance, if an issuer splits its common stock 100%, the value of each share of such stock will decrease 50% automatically, even though the value of the Company remains constant. The Company is not obligated to provide you information regarding any change to the capital structure or other change to underlying issuers, and you are responsible for performing your own research in connection with the issuers whose securities are the subject of your User Automations.User’s Human Error in User AutomationsYour design or use of User Automations may be subject to user error. Such errors could include entering incorrect fields (including ticker symbols) or inadvertently turning the User Automations “on” or “off.” Even if your User Automation works as intended, it could produce adverse results through non-optimal strategies or “setting and forgetting.”Counterparty Risk of User AutomationsEven if your User Automation is working as expected, your broker may reject orders in error or by design, incorrectly execute orders, or induce errors through unexpected behavior (such as returning messages out of sequence, incorrectly acknowledging orders, or posting incorrect execution reports).Risks Involving Templates and StrategiesGeneralAlthough the Website provides you with access to option or stock trading templates and/or samples as an educational feature, the Company makes no endorsements or representations about their use in active trading or the trading or investment strategy that these templates and/or samples represent or might be believed to represent. The Company does not intend for these templates and/or samples to be used in active trading and gives no representations about the results that would occur should they be so used and makes no warranty or guarantee as to their future performance or profitability.Top Bot Template StatisticsThe performance statistics provided by the "Top Bot Templates" are for informational purposes only and should not be considered as recommendations, endorsements, or investment advice. As a non-registered investment advisor or broker, we do not provide personalized investment recommendations or endorse any specific trading strategies. The performance statistics, including win rates, profit/loss totals, number of trades, average profit or loss, and any other metrics displayed, are based on historical data and past performance of the original bot and automation(s) settings and do not reflect any potential edits or overrides to positions that may have been made by traders running the bot templates. It is important to remember that past performance is not indicative of future results.The bot templates shared within our community are created and shared openly by individual users. These templates may reflect the strategies and preferences of the users who created them and may not be suitable for all traders. Each trader should carefully evaluate and assess the risks associated with using any particular bot template before making any trading decisions. The use of bot templates does not guarantee any specific outcomes or profitability. It is crucial for traders to conduct their own research, consider their financial situation, risk tolerance, and seek professional advice if needed before choosing to use any bot template. Additionally, traders using our platform have the ability to edit and modify any bot templates to fit their own personal trading style and risk tolerance and bot templates are never automatically cloned or turned on without the express consent and permission of the trader who takes all actions and steps necessary to initiate a trading strategy. Therefore, traders should exercise caution and thoroughly understand the potential risks involved in options trading and make informed decisions based on your own analysis and judgment and any modifications made to a bot template, as it can significantly impact the performance and results achieved. The Company does not assume any responsibility or liability for the performance, profitability, or suitability of any bot templates shared within our community.Top Strategies StatisticsThe performance statistics provided for the "Top Strategies" are for informational purposes only and should not be considered as investment advice. As a non-registered investment advisor or broker, we do not provide personalized investment recommendations or endorse any specific trading strategies. The "Top Strategies" database ranks options trading strategy setups based on historical data over the last 90 days. The rankings provide educational insights into the historical performance of specific options trading setups used by other traders within our community. The performance statistics, including average rate of return, win rates, average profitability of profit, average profit or loss, and any other metrics displayed, are based on historical data and past performance. It is important to remember that past performance is not indicative of future results.The strategies displayed in the "Top Strategies" are summarized statistics and data from trades initiated by individual users. These strategies may reflect the preferences and risk tolerance of the users who employ them and may not be suitable for all traders. Each trader should carefully evaluate and assess the risks associated with using any specific strategy before making any decisions. The use of the "Top Strategies" should be for education purposes only and the adoption of any specific strategy as a result of viewing “Top Strategies” or the data contained within it, does not guarantee any specific outcomes or profitability. It is crucial for traders to conduct their own research, consider their financial situation, risk tolerance, and seek professional advice if needed. Therefore, traders should exercise caution and thoroughly understand the potential risks involved in options trading and make informed decisions based on your own analysis and judgment and any modifications made to a trading strategy, as it can significantly impact the performance and results achieved. The Company does not assume any responsibility or liability for the performance, profitability, or suitability of any top strategies statistics displayed on the platform.Limited FeaturesThe templates provided by the Website are by nature limited in scope and do not purport to demonstrate the full range of tools and features that are available in using the order platform.Relation to Other Risk DisclosuresThe use of trading templates could be used in the trading of options and stocks, and accordingly, their use is subject to the “General Marketplace Risks” and “Risks Associated with Investment Activity,” and all other relevant risks, as set forth in this Risk Disclosure Agreement.Risks Involving Broker IntegrationsGeneralThe Company may provide Application Programming Interface (“API”) integrations with one or more brokers through which users may choose to communicate with such brokers (including, potentially, placing orders with such brokers) (such connections, collectively, "Integrations"). Integrations are technically complex and involve the collaboration of both the Company and the broker associated with an Integration. Integrations may be subject to errors from the Company side, from the broker side, or from unknown origin. While the Company strives to minimize such errors, the complexity of the project, and the role of third parties and emergent events, means that the Company cannot, and does not, guarantee the availability or error-free performance of an Integration. Similarly, the Company cannot, and does not, guarantee that communications through an Integration will be carried out, or will be carried out as expected by a user, or lead to results expected by a user. All users are responsible for independently confirming that all communications through an Integration have been accepted and implemented by the associated broker without error. Additionally, all users may at any time cancel or refrain from using an Integration, and users retain the ability to trade independently of any Integration. Users should weigh the respective benefits of these alternatives when deciding whether to use any Integration. Broker RisksFor purposes of these disclosures, a “broker,” also known as a brokerage firm or a broker-dealer, is an entity that is permitted to buy and sell securities for its clients under applicable state and federal law, typically through that broker’s membership in a securities exchange. Even if the Company operates an Integration without error, counterparty risks exist on the broker's side. A broker's system may have errors that prevent a communication from being timely communicated or that changes a communication in a way unintended by the user. Brokers may not devote sufficient resources to running, monitoring and trouble-shooting an Integration. Brokers may offer limited or no remedies for errors arising from an Integration, which could include deleted or modified orders from a user. Each broker operates completely independently of the Company, and so the Company has no way of ascertaining that a broker is correctly running its end of an Integration, or that user communications are being appropriately received and acted upon. At any time a broker or the Company may decide to terminate the Integration with little or no notice to each other or the user. The risk of using an Integration lies solely with the user, and the user agrees that the Company will not provide any refund or other remedy if an Integration terminates, is unavailable for any period of time, errs or otherwise fails to operate properly, or changes its terms adversely to the user.Risks Involving Use of the Charles Schwab BrokerageThe Company may provide API integration with Charles Schwab Brokerage (“Schwab”). In addition to the general risks potentially applicable to all brokers set forth in the section “Risks Involving Broker Integrations,” Schwab has informed the Company that Schwab’s API token will require re-authentication: (i) every seven (7) days in order for that token to remain accessible or (ii) upon any invalidation of that token (e.g., upon a user password reset). One expired or invalidated, Schwab’s API token requires restarting through Schwab’s “Consent & Grant” process, which requires manual user authentication.As a result of the foregoing, any use of the Schwab API token in trading will require re-authentication at least every seven (7) days. Failing to do so will cause, at the end of that seven-day period, all bots accessing Schwab to stop working without any notice or alert to you by Schwab. Any open positions being managed by these bots will no longer be open or managed. This could lead to the incurrence of losses or the inability to make gains that would have been made had the bots been active. In addition, if you do re-authenticate your Schwab API access after its expiration for non-use, the risks exists that your open positions might “update” to reflect current pricing, which could lead to unexpected results, including significant losses or unrealized gains. The Company disclaims any responsibility for these consequences; it is the user’s responsibility to maintain a current Schwab API token for the duration of its trades.Your use of Schwab will thus present unique risks for you, particularly in connection for positions that will remain open for more than six days. It is your sole responsibility to regularly re-authenticate your API token before its expiration to reduce the risks set forth in the immediately previous paragraph. While the Company may from time to time make timers, auto-notification services or other similar features available to users, the Company disclaims any responsibility whatsoever for reminding users of their ongoing obligation to prevent their Schwab API token from expiring. This responsibility, like all other aspects of the your use of Schwab’s brokerage services, is governed by your agreements with Schwab, and the Company and its Affiliates are not a party to those agreements nor subject to them.In addition, Schwab will cancel an API token upon the occurrence of certain acts that Schwab sees as invalidating, such as a user’s reset of its password. An invalidation of an API token may have similar adverse consequences to those that would potentially occur after the expiration of an API token, as discussed in more detail above. Finally, Schwab may alter its policy regarding the expiration or invalidation of API tokens (such as by lengthening or shortening the re-authentication period). The Company disclaims any responsibility to notify you or other users of these changes or of any change in the policy of any broker. All trading use the Schwab API is at your sole and exclusive risk.If you have any questions, please contact us at team@optionalpha.com. Thank you.FAQsNo items found.Be a more powerful options traderHomeAboutLegalStatusContactNotice at Collection Your Privacy Choices©2026 Option Alpha. All Rights Reserved. Patent Pending USSN 63/118,547 × Notice We (Option Alpha) and selected third parties (25) use cookies or similar technologies for technical purposes and, with your consent, for functionality, experience, measurement and “marketing (personalized ads)” as specified in the cookie policy. 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