Terms & Conditions
Terms of Use
Updated as of 02.25.25
AGREEMENT TO TERMS AND INTRODUCTION
These Terms of Use (“Terms”) constitute a legally binding agreement made between you, whether personally or on behalf of an entity (“you”), and Option Omega LLC, a Delaware LLC (the “Company,” “Option Omega,” “we,” “us,” or “our”). These Terms govern the access to and use of the Website, the Applications, our Services, and the Academy, all as defined below. You must register as a Registered User (defined below) before accessing the Information (defined below) and/or using the Applications and/or the Services and as an Enrollee (defined below) before accessing the Academy.
By accessing the Website and/or using the Services, you acknowledge that you have read and understood the Terms and agree to be bound by the same. We may terminate your right to access or use the Website, Applications, Services, or Academy at any time, with or without notice, for your breach of any of the Terms or for conduct that we believe is or is likely to be harmful to our business or any other party. IF YOU DO NOT AGREE WITH ALL OF THESE TERMS, THEN YOU ARE EXPRESSLY PROHIBITED FROM USING THE WEBSITE, AND YOU MUST DISCONTINUE SUCH USE IMMEDIATELY.
Such supplemental terms, conditions, and documents as may be posted on the Website from time to time are hereby expressly incorporated herein by reference, including but not limited to (a) the Company’s Risk Disclosure Statement and (b) the Company’s Privacy Policy, both of which can be found by accessing the Company’s website landing page, https://optionomega.com. YOU MUST READ THE RISK DISCLOSURE STATEMENT AND THE PRIVACY POLICY BEFORE YOU ACCESS THE WEBSITE OR THE ACADEMY OR USE THE SERVICES. Your acceptance of the Terms also constitutes your acceptance of the Risk Disclosure Statement and the Privacy Policy.
The Company reserves the right, in its sole discretion, to make changes or modifications to these Terms (including the Risk Disclosure Statement and the Privacy Policy) from time to time, with or without notice. By accessing or using the Website or Services after the Company implements such changes, you signify your acceptance to the changes and your agreement to be bound by the updated Terms. Such changes or modifications shall be made effective for all Visitors (defined below) upon posting of the modified Terms to our website in a fashion accessible via the landing page of our website, http://optionomega.com. Visitors are responsible for reading the Terms from time to time to ensure that their use of the Services and/or Website remains in compliance with the Terms. The Information (defined below) and any other information provided on the Website is not intended for distribution to or use by any person or entity in any jurisdiction or country where such distribution or use would be contrary to law or regulation or which would subject us to any registration requirement within such jurisdiction or country. Persons who choose to access the Website do so on their own initiative and are solely responsible for compliance with local laws, if and to the extent local laws are applicable.
The Website is not tailored to comply with industry-specific regulations (Health Insurance Portability and Accountability Act (HIPAA), Federal Information Security Management Act (FISMA), etc.), so if your interactions with the Website would be subject to such laws, you may not use the Website. You may not use the Website in any way that would violate the Gramm-Leach-Bliley Act (GLBA).
The Website, Information, User Automations, Template Automations, Applications, and Services are intended for users who are at least 18 years old. Persons under the age of 18 are not permitted to use the Website or register for an account to access the Website.
CERTAIN DEFINITIONS AND INTRODUCTION
Academy means a service provided by Option Omega where users can access, enroll in and learn from educational courses and related content (“Course Offerings”) provided by either the Company or third-party independent content providers (the “Third-Party Course Providers”) solely for educational purposes.
Applications means software or electronic applications, programs, interfaces, application programming interfaces (“APIs”), and other functional tools (for charting, simulated trading, information viewing, and processing, etc.) made available by Option Omega on the Website (defined below) and accessible by users after becoming a Registered User.
Data Providers means professional businesses or organizations, such as exchanges, news providers, market data providers, and other content providers, from which Option Omega obtains information used in, or contributing toward data used in, the Website, Information, Applications, Services, User Automations, or Template Automations.
Information means programs, products, services, videos, webinars, blog posts, e-newsletters, consultations, e-mails, downloadable Mp3 audio files, downloadable PDF printed transcripts, downloadable PDF handouts/slides, social media, software, videos, webinars, User Automations (as defined below), Template Automations (as defined below), research and/or other communications made available or shared on or through the Website (defined below) or the Company’s Discord server.
Initial Subscription Period means the period from the Subscription Commencement Date through (i) for a monthly Subscription, the last day of the current monthly term; or (ii) for an annual Subscription, the date which is twelve (12) calendar months from and including the Subscription Commencement Date, or as otherwise specified in an Order.
Order means a written, click-to-accept, or electronic document entered into between you and Option Omega for ordering the Services.
Registered User means a Visitor (defined below) who registers an account with the Website and pays for a Subscription (defined below) to access the Applications and the Services.
Services means the product offerings (including features or functionality of the Information and APIs) and services that are the subject of an Order (defined above), available through the Website, accessible after a user becomes a Registered User, including but not limited to the Website, relevant Information, APIs and other Applications available through the Website, in exchange for a payment of recurring fee.
Subscription means your right to access and use some or all of the Services available in accordance with the terms set out in these Terms for the duration of the Subscription Period, pursuant to the Subscription Plan (defined in Section 7.3 hereinafter), as may be specified in an Order. Each Subscription shall include such conditions and limitations as reflected in each applicable Order (the “Conditions to Order”). The Company may, in its sole discretion, change the Conditions to Order by giving you 30 days’ advance written notice. After receiving such notice, you may cancel your Subscription at the end of the then-current period. Should we not hear from you following such notice, or if you do not cancel your Subscription within the prescribed timeline above, your continuing Subscription indicates an acceptance of the changed Conditions to Order, and until such time you choose to cancel any subsequent Renewal Period.
Subscription Period means the Initial Subscription Period and each subsequent Renewal Period.
Third-Party Data means information available through the Services, Applications, or Website that is obtained by Option Omega from Data Providers.
Template Automations means Company-generated trading plans that automate different steps of the trading process on the Website, purely for the illustrative purpose of showcasing how the Applications work. Registered users are expected to input their own strategies in the Applications to access the Services.
User Automations means trading plans generated by Registered Users that automate different steps of the trading process on the Website. Registered Users are able to share User Automations either through the Company’s Discord server or publicly.
Visitor means a person that accesses or uses, whether personally or on behalf of an entity, the Information, Website, or Academy, without registering as a Registered User or an Enrollee. Visitors are able to access some Information without becoming Registered Users or Enrollees, but all Applications and Services are only accessible by Registered Users, and all courses provided through the Academy are only accessible by Enrollees.
Website means any website(s) available with the root address at this web address (URL): https://www.optionomega.com made available by Option Omega, through which Registered Users are able to access and/or use the Information, Course Offerings, Applications and/or Services.
USE OF SERVICES
Backtesting evaluates a trading strategy by running it against historical financial data. PLEASE READ THE RISK DISCLOSURE STATEMENT FOR MORE INFORMATION ON REASONS WHY A STRATEGY’S PERFORMANCE IN LIVE TRADING MAY NOT ALWAYS MATCH THE STRATEGY’S PERFORMANCE IN BACKTESTS. PAST PERFORMANCE IS NO GUARANTEE OF FUTURE RETURNS. You acknowledge and understand that Option Omega provides tools and infrastructure designed to allow you to discover, create, backtest, and deploy your strategies and strategic/systematic trading strategies in historical financial data specifically obtained by Option Omega from Data Providers. Unless otherwise specified, Option Omega grants you a non-exclusive and non-transferable limited right and license to access the Website and use the Applications and Services. You must register and subscribe first before accessing the Applications and/or the Services in accordance with Section 6 below and register and subscribe (if applicable) before taking any Course Offerings.
For the avoidance of doubt, Option Omega does not provide or recommend any particular trading strategies; rather, we provide tools to help users create such strategies and data with which users can test their candidate strategies. You can create your own strategies from scratch or use strategies made available on the Website (such as User Automations), modifying them per your needs. Option Omega also provides Template Automations, but purely for the illustrative purpose of showcasing how the Applications work. Registered users are expected to input their own strategies in the Applications to access the Services.
Option Omega does not promote any Template Automations or User Automations. The Company shall bear no liability for any losses you incur after deploying any trading strategy, and to the extent that you design your trading strategy around Template Automations or User Automations, you are advised to adjust those strategies to match your personal risk appetite market forecasts, time horizon, and transaction costs, among other factors.
INTELLECTUAL PROPERTY RIGHTS
Ownership.
Unless otherwise indicated, the Website, Information, Course Offerings, and all Applications and Services are the Company’s property or licensed by the Data Providers and/or Third-Party Course Providers, and all source code, databases, functionality, software, website designs, audio, video, text, photographs, and graphics on the Website (collectively all of the foregoing, along with the Website, Information, Course Offerings, and all Applications and Services, the “Intellectual Property”) and the trademarks, service marks, and logos contained therein (the “Marks”) are owned or controlled by us or licensed to us by Data Providers and/or Third-Party Course Providers, and are protected by copyright and trademark laws and various other intellectual property rights and unfair competition laws of the United States, international copyright laws, and international conventions. The Intellectual Property and the Marks are provided on the Website “AS IS” for your information and personal use only. Except as expressly provided in these Terms, no part of the Website and no Intellectual Property or Marks may be copied, reproduced, aggregated, republished, uploaded, posted, publicly displayed, encoded, translated, transmitted, distributed, sold, licensed, or otherwise exploited for any commercial purpose whatsoever, without our express prior written permission.
Visitor
Provided that you are eligible to use the Website as a Visitor, without registering as a user with us, you are granted a limited license to access and use the Website and to download or print a copy of any portion of the Intellectual Property to which you have properly gained access, solely for your personal, non-commercial use.
Registered User and Enrollee.
If you have registered an account and paid for a Subscription with us to access the Applications and Services, then we grant you access to certain Intellectual Property as a Registered User. As a Registered User, we grant you a limited, nonexclusive, revocable license to access the Website, the Applications and Services, and the Information, and to use the analysis or information therein provided solely for your personal use, and to use the foregoing in the form that it is provided by us to you, in each case subject to certain conditions as specified in these Terms, including the license of Services to Registered Users pursuant to Section 7.1 hereinafter.
If you have registered an account and enrolled in or paid for a Course Offering offered by either Option Omega or a Third-Party Course Provider, then we grant you access to certain Intellectual Property as an Enrollee pursuant to certain conditions as specified in Section 11 hereinafter.
We reserve all rights not expressly granted to Registered Users and Enrollees in and to the Website, the Intellectual Property, and the Marks.
Restrictions on Use.
As either a Visitor, a Registered User, or an Enrollee, you understand and acknowledge that the Intellectual Property and Website have been created, developed, or obtained by the Company through the investment of significant time, effort, and expense, and that this Intellectual Property is a valuable, special, and unique asset of ours that needs to be protected from improper and/or unauthorized use.
When you access the Intellectual Property or the Website, you agree that you are clearly and expressly prohibited from doing the following:
You will NOT copy, share, or misappropriate the Intellectual Property or Website, or any parts of them.
You will NOT in any way use, copy, adapt or represent any of the Intellectual Property or Website in any way as if they are yours or created by you.
You will NOT engage in improper and/or unauthorized use of the Intellectual Property or Website. Improper and unauthorized use includes but is not limited to modifying, copying, reproducing, republishing, uploading, posting, transmitting, translating, selling, creating derivative works, exploiting, or distributing in any manner or medium (including by email or other electronic means) any Intellectual Property or any other information accessed or purchased through our Website, or any other communications provided by us for your own personal use or business/commercial use or in any way that earns you money.
You will NOT duplicate, share, trade, sell, or otherwise distribute any part of the Intellectual Property or Website to any other person, for their personal use or business/commercial use or in any way that earns them money, whether it was known to you or not at the time that you shared the information that their intention was to use the Intellectual Property for their own personal use or business/commercial use. This means you cannot share or sell or any part of the Intellectual Property or Website to someone else so they can copy and/or use them for their own personal use or business/commercial use or any activity that earns them money.
You will NOT violate the Company’s intellectual property rights, including copyright and trademark rights. Downloading, printing, or otherwise using the Intellectual Property or the Website for your own training purposes in no way gives you any copyright, trademark, intellectual property, or ownership rights of other information not made freely available to you or purchased by you.
You will NOT reprint or republish any part of the Intellectual Property or the Website or incorporate any portion of the same into your own products, programs, services, or information for your own personal use or business/commercial use or in any way that earns you money.
You will NOT use the Intellectual Property or Website in a manner that constitutes an infringement of our rights or in a manner that has not been authorized by us through our prior written consent.
You may NOT engage in improper and/or unauthorized use of our Intellectual Property or the Website.
Notwithstanding the foregoing, you may share User Automations generated by only you freely with other users of the Website through our Discord server or elsewhere, so long as you agree not to claim any ownership or intellectual property rights with respect to any such User Automation (including, without limitation, its contents) generated by you.
You understand and agree that engaging in any prohibited use or the improper and/or unauthorized use of our Intellectual Property or Website as set forth in the Terms is considered theft and/or infringement and that we retain the right to prosecute it to the full extent of the law.
You agree and understand that prohibited use and improper and/or unauthorized use of the Intellectual Property or the Website may give rise to a civil claim for damages and may be a criminal offense.
USER REPRESENTATIONS
By using the Website, you, as either a visitor, a Registered User, or an Enrollee, represent and warrant that: (1) all registration information you submit, if applicable, will be true, accurate, current, and complete; (2) you will maintain the accuracy of such information and promptly update such registration information as necessary; (3) you have the legal capacity and you agree to comply with the Terms; (4) you are not a minor in the jurisdiction in which you reside, and you are at minimum over the age of 18 years old; (5) you will not access the Website through automated or non-human means, whether through a bot, script, or otherwise; (6) you will not use the Website for any illegal or unauthorized purpose; and (7) your use of the Website will not violate any applicable law or regulation.
You hereby authorize the Company to obtain, verify, and record information that identifies the individual who uses the Website, Applications, Services, Information, and/or Course Offerings.
If you provide any information that is untrue, inaccurate, not current, or incomplete, we have the right to suspend or terminate your account and refuse any and all current or future use of the Website (or any portion thereof), including any software, platforms, or other services.
USER REGISTRATION
You are required to register for an account with the Website to access any Applications and Services and register a separate account with the Website to access Course Offerings. You agree to keep your passwords confidential and will be responsible for all use of your accounts and passwords. You hereby authorize the Company to obtain and store your account information as necessary for the Company to provide its services to you. We reserve the right to remove, reclaim, or change a username you select if we determine, in our sole discretion, that such username is inappropriate, obscene, or otherwise objectionable.
A current active Subscription allows the Registered User associated with the Subscription, a single unique person, to use the Applications and Services. After paying for the fee(s) associated with a Course Offering, an Enrollee may access the content of the requisite Course Offering. Account sharing is completely prohibited. Account sharing may result in an immediate discontinuation of Services to the Registered User or a discontinuation of access to Course Offerings by an Enrollee, including cancellation of Subscription or Course Offering without a refund.
As a Registered User, 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 Subscription without refund for abuse and violation of these Terms.
SUBSCRIPTION, AUTO-RENEWAL, SUBSCRIPTION FEES AND PAYMENT
License to Services.
Subject to the payment of all Subscription Fees (the fees payable to the Company in respect of a Subscription, as set out in the Order) that are due and payable as of Subscription Commencement Date, and the Company’s rights to suspend and terminate services as set out in the Terms, the Company hereby grants to you a non-exclusive, revocable, worldwide, non-transferable (except as expressly permitted in the Terms), non-sublicensable, limited right to use and access the Services during the Subscription Period, solely for your personal use.
Your Subscription shall, unless specified otherwise in the relevant Order, commence on either (i) the date you pay the Subscription Fee (the “Subscription Commencement Date”), or (ii) the date of any upgrades and/or updated Subscription Fees pursuant to an Order (the “Subscription Renewal Date”).
Notice of Automatic Renewal.
Your Subscription shall remain in place for the Initial Subscription Period, following the expiry of which it shall automatically renew for successive periods of equivalent length to the Initial Subscription Period (each such period being a “Renewal Period”), unless terminated earlier in accordance with its terms. Such renewal will occur automatically on the applicable anniversary of the Subscription Commencement Date. Either you or the Company may terminate the Subscription for convenience by either (i) providing the other with written notice not less than thirty (30) days prior to the expiration of the Initial Subscription Period or the then-current Renewal Period so that the Subscription Period will end on the last day of the Subscription Period, or (ii) accessing the account settings on your account at https://optionomega.com/ to cancel your Subscription. You agree that upon such renewal, the credit card or other designated payment method in your account settings will be billed the applicable Subscription Fee for your Subscription Plan then in effect at the time of renewal.
Subscription Plans.
We offer a variety of subscription plans (the “Subscription Plans”) with different Subscription Fees, Initial Subscription Periods and Renewal Periods, and other differences, as described on the Website and updated from time to time. The Company reserves the right to modify its list of offered Subscription Plans and the features of any Subscription Plans, including the Subscription Fees, at any time.
You may be required to purchase or pay a fee to access some of our Services. You agree to provide current, complete, and accurate purchase and account information for all purchases made via the Website. You further agree to promptly update account and payment information, including email address, payment method, and payment card expiration date, so that we can complete your transactions and contact you as needed. We bill you through an online billing account for purchases made via the Website. Sales tax will be added to the price of purchases as deemed required by us. We may change prices at any time. All payments shall be in U.S. dollars.
You agree to pay all charges or fees at the prices then in effect for your purchases, and you authorize us to charge your chosen payment provider for any such amounts upon making your purchase. If your purchase is subject to recurring charges, then you consent to our charging your payment method on a recurring basis without requiring your prior approval for each recurring charge, until you notify us of your cancellation. You agree to only pay for yourself or for another person for whom you are legally permitted to pay and from whom you have obtained 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.
We reserve the right to correct any errors or mistakes in pricing, even if we have already requested or received payment. We also reserve the right to refuse any order placed through the Website.
We will notify you at least one month before any price changes or changes to your Subscription Plans will become effective. If you do not wish to accept the price change or change to your Subscription Plan, you can cancel your Subscription Plan before the change takes effect. If you switch Subscription Plans, you will be charged a prorated debit (if upgrading Subscription Plans) or a prorated credit (if downgrading Subscription Plans).
Since we have a clear and explicit refund policy in these Terms that you have agreed to prior to completing the payment of Subscription Fees, 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 must make the payment for the amount of the chargeback.
Free Trial.
A Subscription may start with a free trial, during which a Registered User may evaluate and explore our Applications and Services with access to limited features and free of charge. The duration of the free trial period of a Subscription will be specified during free-trial sign-up. The Registered User, during free-trial sign-up, will also choose the Subscription Plan to begin at the end of the free trial period. The Company determines free trial eligibility at its sole discretion and may limit access, eligibility, or duration. The Company reserves the right to terminate the free trial and suspend Subscription if it determines that a user is not eligible.
The Company or its third-party payment processor will charge the Subscription Fee for the Registered User’s next billing cycle at the end of the free trial period. The Subscription will automatically renew according to the terms of the Subscription unless you cancel the Subscription prior to the end of the free trial period.
CANCELLATION AND REFUND
All purchases are non-refundable. There are no refunds or credits for partially used Initial Subscription Periods or Renewal Periods. You can cancel your Subscription at any time by logging into your account or contacting us using the contact information provided below. Your cancellation will take effect at the end of the current paid term. Following any such cancellation, you will continue to have access to the Applications and Services through the end of your Initial Subscription Period or Renewal Term, as applicable.
We do not offer cancellations or refunds for our Course Offerings.
If you are unsatisfied with our services, please email us at support@optionomega.com.
At any time, and for any reason, we may provide a refund, discount, or other consideration to some or all of our Registered Users (“Credits”). The amount and form of such Credits, and the decision to provide them, are at our sole and absolute discretion. The provision of Credits in one instance does not entitle you to credits in the future for similar instances, nor does it obligate us to provide credits in the future, under any circumstance.
CONSENT TO RECEIVE SMS/MMS MESSAGES AND/OR EMAILS
By providing your mobile phone number and/or email address to the Company, you agree that the Company may send you autodialed Short Message Service (“SMS”) or Multimedia Message Service (“MMS”) messages or emails about activity in your account, including service updates and trade confirmations. Standard message and data rates may apply. Note that as part of the registration process, you will have an opportunity to opt in to the type of trade confirmation and/or alerts that you wish to receive. For account-related activities, such as changes to our Terms or Privacy Policy, you may receive an SMS/MMS or email from which you will not be able to opt out.
If you would like to modify or change your SMS/MMS or email preferences, please contact support@optionomega.com.
PROHIBITED ACTIVITIES
You may not access or use the Website for any purpose other than that for which we make the Website available. The Website may not be used in connection with any commercial endeavors except those that are specifically endorsed or approved by us.
As a user of the Website, you agree not to:
Systematically retrieve data or other content from the Website to create or compile, directly or indirectly, a collection, compilation, database, or directory without written permission from us.
Trick, defraud, or mislead us and other users, especially in any attempt to learn sensitive account information such as user passwords.
Circumvent, disable, or otherwise interfere with security-related features of the Website, including features that prevent or restrict the use or copying of any Intellectual Property or enforce limitations on the use of the Website and/or the Intellectual Property contained therein.
Disparage, tarnish, or otherwise harm, in our opinion, us and/or the Website.
Use any information obtained from the Website in order to harass, abuse, or harm another person.
Make improper use of our support services or submit false reports of abuse or misconduct.
Use the Website in a manner inconsistent with any applicable laws or regulations.
Engage in unauthorized framing of or linking to the Website.
Upload or transmit (or attempt to upload or to transmit) viruses, Trojan horses, or other material, including excessive use of capital letters and spamming (continuous posting of repetitive text), that interferes with any party’s uninterrupted use and enjoyment of the Website or modifies, impairs, disrupts, alters, or interferes with the use, features, functions, operation, or maintenance of the Website.
Engage in any automated use of the system, such as using scripts to send comments or messages, or using any data mining, robots, or similar data gathering or extraction tools.
Delete the copyright or other proprietary rights notice from any Intellectual Property.
Attempt to impersonate another user or person or use the username of another user.
Upload or transmit (or attempt to upload or to transmit) any material that acts as a passive or active information collection or transmission mechanism, including without limitation clear graphics interchange formats (“gifs”), 1×1 pixels, web bugs, cookies, or other similar devices (sometimes referred to as “spyware” or “passive collection mechanisms” or “pcms”).
Interfere with, disrupt, or create an undue burden on the Website or the networks or services connected to the Website.
Harass, annoy, intimidate, or threaten any of our employees or agents engaged in providing any portion of the Website to you.
Attempt to bypass any measures of the Website designed to prevent or restrict access to the Website or any portion of the Website.
Copy or adapt the Website’s software, including but not limited to Flash, PHP, HTML, JavaScript, or other code.
Except as permitted by applicable law, decipher, decompile, disassemble, or reverse engineer any of the software comprising or in any way making up a part of the Website.
Except as may be the result of standard search engine or Internet browser usage, use, launch, develop, or distribute any automated system, including without limitation any spider, robot, cheat utility, scraper, or offline reader that accesses the Website, or use or launch any unauthorized script or other software.
Use a buying agent or purchasing agent to make purchases on the Website.
Make any unauthorized use of the Website, including collecting usernames and/or email addresses of users by electronic or other means for the purpose of sending unsolicited email, or creating user accounts by automated means or under false pretenses.
Use the Website as part of any effort to compete with us or otherwise use the Website and/or the Intellectual Property for any revenue-generating endeavor or commercial enterprise other than the application of trading strategies you test through our system.
Use the Website to advertise or offer to sell goods and services.
Sell or otherwise transfer your profile.
Option Omega’s Academy
The Company’s Academy offers educational courses and related content (“Course Offerings”) provided by either the Company or third-party independent content providers (the “Third-Party Course Providers”) solely for educational purposes to those who have registered an account through the Academy and enrolled in the respective Course Offerings (the “Enrollees”). Registered Users must separately register for an account before becoming an Enrollee. While the Company seeks to provide high-quality Course Offerings from Third-Party Course Providers, unexpected events do occur. The Company reserves the right to cancel, interrupt, reschedule, or modify any Course Offerings, at its own discretion or in accordance with Third-Party Course Provider instructions. Course Offerings are subject to the Disclaimers and Limitation of Liability sections below. Course Offerings are either paid or free, as indicated next to the respective Course Offerings as they are presented on the Website.
Pursuant to our agreements with Third-Party Course Providers, when Third-Party Course Providers publish content on Option Omega’s Academy, they grant Option Omega a license to offer the content to Enrollees. This means that we have the right to sublicense the content to Enrollees. When you register as a user and enroll in a course or other content, whether it is free or paid content, you obtain a limited license from Option Omega to view the content via the Website and the Academy, and Option Omega is the licensor of record. Course Offerings are licensed, and not sold, to you. This license does not give you any right to resell the content in any manner (including by sharing account information with a purchaser or illegally downloading the content and sharing it on torrent sites).
In more complete terms, Option Omega grants you (as an Enrollee) a limited, non-exclusive, non-transferable license to access and view the content for which you have paid all required fees, solely for your personal, non-commercial, educational purposes through the Course Offerings, in accordance with these Terms and any conditions or restrictions associated with the particular content or feature of our Academy. All other uses are expressly prohibited. You may not reproduce, redistribute, transmit, assign, sell, broadcast, rent, share, lend, modify, adapt, edit, create derivative works of, sublicense, or otherwise transfer or use any content unless we give you explicit permission to do so in a written agreement signed by an authorized representative of Option Omega.
We generally give a lifetime access license to our Enrollees when they enroll in a Course Offering or other content, when all relevant fees are paid. However, we reserve the right to revoke any license to access and use any content at any point in time in the event we decide to remove, suspend, or terminate any Course Offerings from or in the Academy, or are obligated to disable access to the content for legal or policy reasons, for example, if the course or other content you enrolled in is the object of a copyright complaint. To be clear, the lifetime access is to the Course Offerings but not to the Third-Party Content Providers. Option Omega has sole discretion to determine whether and when to remove, suspend, or terminate any Course Offerings from or in the Academy. We do not offer refunds to our Enrollees.
Third-Party Content Providers may not grant licenses to their content to Enrollees directly, and any such direct license shall be null and void and a violation of these Terms.
NO INVESTMENT ADVICE
The Website and the Applications and the Services you can access via the Website, as a Registered User, are for information purposes only. You acknowledge and understand that you are solely responsible for your own analysis and research before entering a trade using any of Company's provided information or analysis and that you are solely responsible for any profits/losses you incur while using any of Company’s Services. The Course Offerings are for educational and informational purposes only and solely as a self-help tool for your personal use. Accordingly, you should not rely on the Course Offerings or Website in making any investment. The Company makes no representations or warranties, either expressed or implied, with respect to the accuracy or completeness of any Course Offering, the Website, or any Applications or Services offered via the Website. You should always check with your financial, investment, legal, tax and/or other professional advisors to determine the suitability of any investment.
USER-GENERATED CONTRIBUTIONS
We may provide you with the opportunity to create, submit, post, display, transmit, perform, publish, distribute, or broadcast content and materials to us or on the Website, including but not limited to User Automations, text, writings, video, audio, photographs, graphics, comments, suggestions, or personal information or other material (collectively, “Contributions”). Contributions may be viewable by other users of the Website and through third-party websites. As such, any Contributions you transmit may be treated in accordance with the Privacy Policy. When you create or make available any Contributions, you thereby represent and warrant that:
The creation, distribution, transmission, public display, or performance, and the accessing, downloading, or copying, of your Contributions do not and will not infringe the proprietary rights, including but not limited to the copyright, patent, trademark, trade secret, or moral rights, of any third party.
You are the creator and owner of or have the necessary licenses, rights, consents, releases, and permissions to use and to authorize us, the Website, and other users of the Website to use your Contributions in any manner contemplated by the Website and these Terms.
You have the written consent, release, and/or permission of each and every identifiable individual person in your Contributions to use the name or likeness of each and every such identifiable individual person so as to enable inclusion and use of your Contributions in any manner contemplated by the Website and these Terms.
Your Contributions are not false, inaccurate, or misleading.
Your Contributions are not unsolicited or unauthorized advertising, promotional materials, pyramid schemes, chain letters, spam, mass mailings, or other forms of solicitation.
Your Contributions are not obscene, lewd, lascivious, filthy, violent, harassing, libelous, slanderous, or otherwise objectionable (as determined by us).
Your Contributions do not ridicule, mock, disparage, intimidate, or abuse anyone.
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DISPUTE RESOLUTION
Informal Negotiations
To expedite resolution and control the cost of any dispute, controversy, or claim related to these Terms (each, a “Dispute,” and collectively, the “Disputes”) brought by either you or us (individually, a “Party” and collectively, the “Parties”), the Parties agree to first attempt to negotiate any Dispute (except as otherwise expressly provided below) informally for at least thirty (30) days before initiating arbitration. Such informal negotiations commence upon written notice from one Party to the other Party.
Binding Arbitration
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TO THE FULLEST EXTENT PERMITTED BY LAW, THE COLLECTIVE AGGREGATE LIABILITY OF THE COMPANY UNDER OR IN CONNECTION WITH THIS AGREEMENT, THE SERVICES OR ITS OTHER SUBJECT MATTER, TO YOU, ANY REGISTERED USERS, ANY OTHER PARTY OR THIRD PARTY, UNDER ANY LEGAL OR EQUITABLE THEORY, WHETHER ARISING OUT OF TORT (INCLUDING NEGLIGENCE), BREACH OF CONTRACT, STRICT LIABILITY, INDEMNIFICATION, BREACH OF STATUTORY DUTY, BREACH OF WARRANTY, RESTITUTION OR OTHERWISE, WHETHER BROUGHT DIRECTLY OR AS A THIRD PARTY CLAIM, SHALL BE LIMITED TO THE AMOUNT OF FEES PAID BY YOU TO AND RECEIVED BY THE COMPANY THE 12 MONTHS PRECEDING THE DATE OF THE EVENT GIVING RISE TO THE ACCRUAL OF THE ACTION. TO THE FULLEST EXTENT PERMITTED BY LAW, ANY CAUSE OF ACTION COMPANY MAY HAVE ARISING OUT OF OR RELATING TO THIS AGREEMENT, THE SERVICES OR ITS OTHER SUBJECT MATTER MUST BE COMMENCED WITHIN ONE YEAR AFTER THE CAUSE OF ACTION ACCRUES; OTHERWISE, SUCH CAUSE OF ACTION IS PERMANENTLY BARRED. EACH PARTY IRREVOCABLY AND UNCONDITIONALLY WAIVES ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN RESPECT OF ANY ACTION ARISING OUT OF OR RELATING TO THIS AGREEMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY. The Company shall not be liable to you or any Registered User or to anyone else for any special, exemplary, indirect, incidental, consequential or punitive damages of any kind or for any costs of procurement of substitution of services or any lost profits, lost business, trading losses, loss of use of data or interruption of business or services arising out of this Agreement, including, without limitation, any breach of this Agreement or any Services performed, regardless of the basis for liability.
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Restrictions
The Parties agree that any arbitration shall be limited to the Dispute between the Parties individually. To the full extent permitted by law, (a) no arbitration shall be joined with any other proceeding; (b) there is no right or authority for any Dispute to be arbitrated on a class-action basis or to utilize class action procedures; and (c) there is no right or authority for any Dispute to be brought in a purported representative capacity on behalf of the general public or any other persons.
Exceptions to Informal Negotiations and Arbitration
The Parties agree that the following Disputes are not subject to the above provisions concerning informal negotiations and binding arbitration: (a) any Disputes seeking to enforce or protect, or concerning the validity of, any of the intellectual property rights of a Party; (b) any Dispute related to, or arising from, allegations of theft, piracy, invasion of privacy, or unauthorized use; and (c) any claim for injunctive relief. If this provision is found to be illegal or unenforceable, then neither Party may elect to arbitrate any Dispute falling within that portion of this provision found to be illegal or unenforceable, and such Dispute shall be decided by a court of competent jurisdiction within the courts listed for jurisdiction above, and the Parties agree to submit to the personal jurisdiction of that court.
CORRECTIONS
There may be information on the Website (including Third-Party Data) that contains typographical errors, inaccuracies, or omissions, including descriptions, pricing, availability, and various other information. We reserve the right to correct any errors, inaccuracies, or omissions and to change or update the information on the Website at any time, without prior notice.
DISCLAIMER
Backtesting results are hypothetical and are simulated based on historical data. The performance results from such backtests have certain inherent limitations. Unlike the results shown in an actual performance record, these results do not represent actual trading. These trades have not actually been executed, and these results may have under- or over-compensated for the impact of various factors, especially when we have lack of liquidity in the market or news-driven events. Simulated or hypothetical trading strategies in general are also subject to the fact that they are designed with the benefit of hindsight. Option Omega makes no representation that any account will or is likely to achieve profits or losses similar to those backtested.
In addition, hypothetical trading does not involve financial risk, and no hypothetical trading record can completely account for the impact of financial risk in actual trading. For example, the ability to withstand losses or to adhere to particular trading strategies in spite of trading losses are material points that can also adversely affect actual trading results. There are numerous other factors related to the markets in general or to the implementation of any specific trading strategies that cannot be fully accounted for in the preparation of hypothetical performance results and all of which can adversely affect actual trading results.
Chart data is subjected to minor variations from market time to post-market times due to standard data adjustments.
For additional disclosures regarding the limitations of backtests as predictive tools, please see the Risk Disclosure Document, which is incorporated herein by reference.
LIMITATIONS OF LIABILITY
THE WEBSITE, APPLICATIONS, AND SERVICES AND ALL INFORMATION (INCLUDING WITHOUT LIMITATION TEMPLATE AUTOMATIONS, USER AUTOMATIONS, AND COURSE OFFERINGS) INCLUDED ON OR OTHERWISE MADE AVAILABLE TO YOU THROUGH THIS WEBSITE AND SERVICES ARE PROVIDED BY OPTION OMEGA ON AN “AS IS” AND “AS AVAILABLE” BASIS. OPTION OMEGA MAKES NO REPRESENTATIONS OR WARRANTIES OF ANY KIND, EXPRESS OR IMPLIED. OPTION OMEGA DOES NOT REPRESENT OR WARRANT THAT ANY OF THE INFORMATION AVAILABLE THROUGH OUR SERVICES OR ON THE WEBSITE IS ACCURATE, RELIABLE, CURRENT, COMPLETE, OR APPROPRIATE FOR YOUR NEEDS. OPTION OMEGA DOES NOT GUARANTEE, REPRESENT, OR WARRANT THAT YOUR USE OF ANY OF THE SERVICES WILL BE UNINTERRUPTED OR ERROR-FREE, AND YOU AGREE THAT, FROM TIME TO TIME, OPTION OMEGA MAY REMOVE SERVICES FOR INDEFINITE PERIODS OF TIME OR CANCEL SERVICES IN ACCORDANCE WITH THESE TERMS. OPTION OMEGA DOES NOT REPRESENT OR GUARANTEE THAT ANY OF THE SERVICES WILL BE FREE FROM LOSS, CORRUPTION, ATTACK, VIRUSES, INTERFERENCE, HACKING, OR OTHER SECURITY INTRUSION, AND OPTION OMEGA DISCLAIMS ANY LIABILITY RELATING THERETO. OPTION OMEGA EXPLICITLY DISCLAIMS ALL IMPLIED WARRANTIES, INCLUDING WITHOUT LIMITATION THE WARRANTY FOR SUITABILITY OR FITNESS FOR A PARTICULAR PURPOSE. ANY MATERIAL DOWNLOADED OR OTHERWISE OBTAINED THROUGH THE USE OF THE SERVICE IS ACCESSED AT YOUR OWN DISCRETION AND RISK, AND YOU WILL BE SOLELY RESPONSIBLE FOR ANY DAMAGE OR LOSS THAT RESULTS FROM THE DOWNLOAD OR USE OF ANY SUCH MATERIAL.
information available through our Services, Applications, or Website may be obtained by Option Omega from professional businesses or organizations, such as exchanges, news providers, market data providers and other content providers, who are believed to be sources of reliable information (collectively, the “Data Providers”). Nevertheless, due to various factors — including the inherent possibility of human and mechanical error — the accuracy, completeness, timeliness, results obtained from use, and correct sequencing of information available through our Services, Applications, and Website are not and cannot be guaranteed by Option Omega. Similarly, we make no warranty and assume no obligation or liability for scripts, indicators, ideas, or other third-party content. Your use of any third-party scripts, indicators, ideas, or other content is at your sole risk. Option Omega will make reasonable efforts to correct these errors or omissions and to update the Information, but the Company does not represent or warrant the accuracy, completeness, or timelessness of the Information. The Information is subject to change without notice. THE COMPANY SHALL NOT BE RESPONSIBLE FOR INVESTMENT DECISIONS, DAMAGES, OR OTHER LOSSES RESULTING FROM THE USE OF THE WEBSITE, APPLICATIONS, OR SERVICES.
All Information and other materials on the Website, Applications, and Services are meant to be reviewed in their entirety, including any footnotes, legal disclaimers, restrictions, and disclosures and any copyright or proprietary notices. All disclaimers, restrictions, disclosures, and hedge clauses apply to partial documents and materials in the same manner as they do to the whole, and they will be deemed incorporated in the portion of any Information that you consult or download.
INDEMNIFICATION
You agree to defend, indemnify, and hold harmless the Company, including our subsidiaries and affiliates and all of their and our respective officers, agents, partners, employees, owners, managers, members, directors, other personnel, representatives, agents, and independent contractors (collectively, the “Company Persons”) from and against any loss, damage, liability, claim, or demand, including reasonable attorneys’ fees and expenses, made by any third party due to or arising out of: (1) use of the Website or the Company’s services by you or any person you allow, enable, or encourage to use the same; (2) your breach of these Terms; (3) any breach of your representations and warranties set forth in these Terms; (4) your violation of the rights of a third party, including but not limited to intellectual property rights; or (5) any overt harmful act by you or any person that you allow, enable, or encourage to use any of the Website, Applications, or Services toward any other user of the Website, Applications, or Services with whom you or such other party allowed, enabled, or encouraged by you connected via the Website, Applications, or Services. Notwithstanding the foregoing, we reserve the right, at your expense, to assume the exclusive defense and control of any matter for which you are required to indemnify us, and you agree to cooperate, at your expense, with our defense of such claims. We will use reasonable efforts to notify you of any such claim, action, or proceeding that is subject to this indemnification upon becoming aware of it.
USER DATA
We will maintain certain data that you transmit to the Website for the purpose of managing the performance of the Website, as well as data relating to your use of the Website. Although we perform regular routine backups of data, you are solely responsible for all data that you transmit or that relates to any activity you have undertaken using the Website. You agree that we shall have no liability to you for any loss or corruption of any such data, and you hereby waive any right of action against us arising from any such loss or corruption of such data.
ELECTRONIC COMMUNICATIONS, TRANSACTIONS, AND SIGNATURES
Visiting the Website, sending us emails, and completing online forms constitute electronic communications. You consent to receive electronic communications, and you agree that all agreements, notices, disclosures, and other communications we provide to you electronically, via email and on the Website, satisfy any legal requirement that such communication be in writing. YOU HEREBY AGREE TO THE USE OF ELECTRONIC SIGNATURES, CONTRACTS, ORDERS, AND OTHER RECORDS, AND TO ELECTRONIC DELIVERY OF NOTICES, POLICIES, AND RECORDS OF TRANSACTIONS INITIATED OR COMPLETED BY US VIA E-MAIL, SMS, MMS, OR THE WEBSITE. You hereby waive any rights or requirements under any statutes, regulations, rules, ordinances, or other laws in any jurisdiction that require an original signature, delivery or retention of non-electronic records, or payments or the granting of credits by any means other than electronic means.
CALIFORNIA USERS AND RESIDENTS
If any complaint with us is not satisfactorily resolved, you can contact the Complaint Assistance Unit of the Division of Consumer Services of the California Department of Consumer Affairs in writing at 1625 North Market Blvd., Suite N 112, Sacramento, California 95834 or by telephone at (800) 952-5210 or (916) 445-1254.
MISCELLANEOUS
These Terms and any policies or operating rules posted by us on the Website or in respect to the Website constitute the entire agreement and understanding between you and us. Our failure to exercise or enforce any right or provision of these Terms shall not operate as a waiver of such right or provision. These Terms operate to the fullest extent permissible by law. We may assign any or all of our rights and obligations to others at any time. We shall not be responsible or liable for any loss, damage, delay, or failure to act caused by any cause beyond our reasonable control. If any provision or part of a provision of these Terms is determined to be unlawful, void, or unenforceable, that provision or part of the provision shall be deemed severable from these Terms and shall not affect the validity and enforceability of any remaining provisions. There is no joint venture, partnership, employment, or agency relationship created between you and us as a result of these Terms or your use of the Website. You agree that these Terms will not be construed against us by virtue of our having drafted them. You hereby waive any and all defenses you may have based on the electronic form of these Terms and the lack of signing by the parties hereto to execute these Terms.
PERSONAL RESPONSIBILITY
You agree that the information you provide to us on or through the Website will be accurate. You acknowledge that you are voluntarily using the Website and that you are solely and personally responsible for your choices, actions, and results in connection with that use, now and in the future. You accept full responsibility for the consequences of your use, or non-use, of any Information or the Website, and you agree to use your own judgment and due diligence in connection with your use of any Information or the Website.
NO GUARANTEES
You acknowledge and agree that no promise or guarantee of success or profitability has been made between you and the Company or any Company Persons.
CONTACT US
In order to resolve a complaint regarding the Website or to receive further information regarding use of the Website, please contact us at:
Option Omega LLC
PO Box 614
Greenwood, IN 46142
United States
SEVERABILITY; ASSIGNMENT; ENTIRE AGREEMENT; HEADINGS
Should any provision of the Terms 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. These Terms shall bind and inure to the benefit of your and our respective successors and assigns. These Terms are freely assignable by us, but any transfer, assignment or delegation by you, without our prior written consent, is invalid. These Terms constitute the entire agreement between the parties with respect to their 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 the Terms are provided for convenience only and shall not affect constructions or interpretations of the Terms.
Risk Disclosure
Updated as of 02.25.25
At Option Omega LLC (the “Company” or “we”), we strive to provide you with accurate backtests of your proposed trading strategies. For numerous reasons, however, backtest results do not guarantee similar results in live trading. To access our services, you must agree to our Terms of Use (the “Terms,” available at optionomega.com). Furthermore, by using our services, you acknowledge and agree that we are in no way recommending any particular trading strategy for you or predicting returns from any strategy, and you further acknowledge that you are aware of the various risks described in this document (the “Disclosure”) and elsewhere on our website and are willingly making use of our services despite these risks.
Overfitting
The backtests on our website rely on and reflect actual historical data. To the extent that you design, calibrate, or optimize your trading strategy based on observed market performance in the past, and then test your trading strategy on historical data from a period that overlaps with the period that you used to design your algorithm, results will be biased upward and thus present an overly optimistic view of the strategy’s likely performance in the future. For instance, random movements of uncorrelated assets and random sequences of non-autocorrelated returns in a particular asset’s prices may, over a short time horizon, provide evidence of apparent correlations, and trading strategies that are designed to take advantage of those correlations may perform well in a backtest over the same period that evidenced those apparent correlations, even if there is no reason to expect positive performance from the strategies in environments that lack such correlations.
Feedback
Placing orders in a live market affects the number of assets bid and offered at various prices, the stream of observed fill prices, and actions of other market participants. By contrast, in a backtest, all bids, offers, and fills between other parties are fixed historically, potentially adjusted by random factors, but not affected by a candidate strategy’s orders. For this reason, strategies that yield promising results in a backtest environment may well perform differently, and possibly substantially less well, in a live trading environment.
Slippage
In live markets, limit orders may not always achieve fills, and market orders may not be filled at the prices observed when the orders are submitted. Our backtests attempt to model this “slippage,” but all models are imperfect. It can therefore occur that a strategy that is designed to pick off mispricings will yield better results in a backtest than in live trading, as it may be difficult for the strategy to hit and lift the aberrant bids and offers. More generally, the speed, completeness, and price of fills in a live market may not match those predicted by a backtest, leading to substantial divergence of live performance from backtested performance, potentially downward.
Data Cleaning
In live markets, erroneous market data is occasionally disseminated live and then corrected later. Furthermore, genuine offers and trades may later be invalidated or busted after review by the relevant trading authority. Our backtests may at times rely on historical data from which such spurious or subsequently invalidated bids, offers, and fills have been removed. For this reason, a strategy operated in a live environment may react to such data errors and reports subject to later reversal in ways not mirrored in backtests, and backtests may suggest an algorithm possesses a degree of stability and robustness that is not realized in live trading.
Environmental Changes
Option Omega provides backtests based on historical data, and the markets are a moving target. Tick prices change. Products are listed and delisted. Exchanges enter the market and leave. The macroeconomic posture changes over time. Other participants enter and leave the market, changing their own trading strategies. For all of these reasons and more, backtest results may not be representative of future performance.
Transaction Costs
Our backtests make certain assumptions regarding the likely cost of each message and trade. But your brokers and other intermediaries might have different cost structures. The transaction costs may vary according to your trade volume and may change over time. All of these effects can lead to different (and potentially worse) performance in practice than backtests imply.
Margin
The amount of capital you need to set aside as margin to cover your option trading can vary based on your chosen broker(s), your trade history, the exchanges with which you engage, offsetting or compounding positions you maintain elsewhere, and other factors. The formulas used by brokers and others to set margin requirements likewise vary over time. The percentage credit you receive for various assets you post as collateral varies by asset type, volatility level, and other factors. While you may receive interest on cash posted as collateral, this could be offset by interest your broker charges for positions you acquire on margin. There is no guarantee that backtests will properly replicate, even approximately, the impact of such margin calculations on your live returns.
Capital Calls
Exchanges, brokers, and other intermediaries may require you to post additional collateral when margin positions move against you. Where this cannot be accomplished quickly, they may close out your positions. Where your positions are spread across multiple exchanges or brokers, you may thus find yourself with a partial remaining position and residual market exposure you did not seek, potentially leading to substantial losses as time passes and prices move. All of these events can be modeled at best approximately in backtests, and thus backtest results may overstate (perhaps substantially) likely returns in live markets.
Assignment
Typically, European-style options are exercised if and only if they expire in the money, and formulas exist that provide reasonable forecasts for whether and when American-style options will be exercised. But these heuristics are not universally accurate. A party holding an in-the-money option at expiration may fail to exercise it, whether out of oversight, or to avoid transaction costs, or to manage overall market exposure, or for other reasons. Conversely, a party holding an out-of-the-money or at-the-money option at expiration might still choose to exercise it through an error, in an effort to manage overall market exposure, or for other reasons. Parties holding American options can exercise them at what appear to be suboptimal times, or refrain from exercising them when models suggest they should do so, based on the holders’ views of market conditions and the stochastic processes that drive price movements. When some but not all options of a given series are exercised, it cannot be predicted on how many of your short options from that series you will be assigned. Equally, if you hold long options, you have discretion over exercise that backtests can only approximate through simplifying assumptions. All of these issues can cause portfolio performance in live trading to diverse, potentially substantially negatively, from portfolio performance in backtests.
Taxes
Your broader portfolio, chosen tax reporting options, financial position, and geographical location can all affect what tax obligations you might incur as a result of trading. Our backtests do not have access to that information, and thus reported returns will typically reflect only pre-tax gains. Furthermore, to the extent that you take account of tax obligations when making trading and option-exercise decisions in live trading, our backtests will not be able to replicate your decision-making process. For all of these reasons, post-tax returns on trading may differ substantially (and potentially negatively) from the returns indicated in backtests.
Capacity
Large orders can move market prices and will not always achieve complete fills in any reasonable time frame. In markets with limited liquidity or a small number of significant players, specialists may have knowledge of large traders’ likely market exposure, enabling them to shift prices to such traders’ detriment. These effects are not mirrored in our backtests, as the quotes are set historically, potentially adjusted by random factors, and are not set in response to your simulated market activity. For these and related reasons, your trading strategy may achieve lower returns in live trading than in backtests, especially if you take on large positions.
Lack of Response
If your trading strategy involves encouraging other market participants to act in certain ways based on the orders you place, you will not see this effect play out in our backtests, as the bids and offers available to your strategy in the backtest are calculated without taking into account your orders, aside from reducing available volume at a price based on your fills. For this reason, our backtests may be especially inaccurate in forecasting the returns such strategies can achieve in live trading.
Regulatory Concerns
Our backtests do not attempt to predict when a given trading strategy will be deemed manipulative or otherwise impermissible by any exchange or regulator. Therefore, a strategy that yielded promising returns in our backtests may be shut down in live trading or even result in disciplinary action. Prediction of such enforcement actions is beyond the scope of our platform.
Communication Failure
Our backtests assume that your algorithm is able to respond to all market moves consistently and nearly instantaneously. In practice, communication failures and delays can occur; user error and programmer error can cause algorithms to rely on stale data or invalid parameters; exchanges have nonzero processing times for orders, during which time a visible bid or offer can move; and other similar and dissimilar concerns can generally cause your algorithm to miss fills in live trading that our backtests assume it would have achieved. This can cause your strategy’s performance in live trading to differ substantially, and potentially negatively, from the performance indicated in a backtest.
Manual Intervention
Our backtests assume a fixed trading strategy and apply that throughout. To the extent that your live trading strategy involves monitoring by human traders who have authority to place, adjust, or cancel orders, such intervention will not be reflected in the backtests. This can lead to substantial differences between backtested performance and live market performance.
Black Swan Events
Across many markets, prices adhere to something approaching a normal (Gaussian) distribution, but occasional extreme events occur with probabilities that are at once low and also much higher than an extrapolation from the rest of the observed distribution would imply. These so-called “black swan events” can stress trading strategies in ways not predicted by backtests. Based as they are on historical data, our backtests may subject your strategies to a certain number of such events, but there is no guarantee that the black swan events you encounter in live trading will be similar in type, duration, magnitude, or frequency to those present in the backtests. This can lead your live trading performance to diverge, potentially substantially negatively, from the performance observed in our backtests.
Asynchronous Leg Fills
If you trade option strategies involving multiple option series or one or more option series along with offsetting trades in the underlying product or other product, our backtests will check for fills of each leg individually if the strategy is listed in that fashion, or for multileg components of your strategy all at once if we have access to price histories for active trading in such compound structures. But just as slippage can cause fills in live trading to be delayed, the same effect may cause you, in live trading, to be filled on only a subset of your intended legs — at least for a time, and potentially for the duration of your trade. While your algorithm or manual intervention may be able to resolve this issue, our backtests will typically not replicate that event with the same frequency as that with which you may encounter it in live markets. This difference may cause performance in live markets to diverge (potentially negatively) from performance in backtests.
More generally, should you move beyond backtesting in our system and attempt live trading, you should be aware of multiple additional risks, including at least the following categories, which this Disclosure then addresses in turn:
General Marketplace Risks
Risks Involving the Information, the Applications, the Services, the Website, and this Disclosure
Risks Associated with Investment Activity
Risks Involving Backtesting & Simulation
Risks Involving Broker Integration
Risks Involving Templates, User Automations, and Strategies
In this Disclosure, capitalized terms not defined herein shall have the meanings assigned to those terms in the Terms. Any permutation or combination of the occurrence of the potential events that define the risks described in this Disclosure can lead to significant losses of your trading capital, including up to and even beyond a complete loss of that capital.
General Marketplace Risks
Options Trading
Options 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 that 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 contained on the Website provided by the Company constitutes a solicitation to trade any option or any investment or security of any kind.
Options
Options 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) the risk that 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. Similarly, risks associated with writing options (or selling options short) include (without limitation) (i) the risk of losing large amounts, potentially well in excess of your posted collateral, as the option goes into the money; (ii) the risk that certain options do not have secondary markets on which to buy them, meaning that you could be forced to retain your market exposure from the short option through to expiration; (iii) the risk that a particular option contract may have specific exercise provisions that create additional risk; (iv) the risk that U.S. or other regulatory agencies may impose regulations or rules that impair your ability to realize value from the sale of 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 (e.g., put or call) that you contemplate trading and the risks associated with them (not all of which are captured in this Disclosure). 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 option trader to ensure that his or her options are traded or exercised in a timely fashion.
Claims about Option Trading
Be wary of advertisements or other claims of large profits in options trading.
Option Contracts
Options, 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 another outcome that is adverse to you.
Underlying Securities
Options 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 transactions that could affect the value of its equity interests independently of market trading. This, in turn, might have an effect on your option positions. The Company is not obligated to provide you information regarding any change to the capital structure of underlying issuers or any 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 Conditions
The 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 include 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, all of which can materially and adversely affect the availability or desirability of segments of the options market.
Regulators of Options and the Options Market
The courts, the U.S. Securities and Exchange Commission, the Commodity Futures Trading Commission, another regulatory agency (whether of 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.
Taxation
The 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 Risk
The 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 Performance
There can be no assurance as to any particular financial outcome based on the use of the Website. Past results (actual or backtested) of any individual trader or trading system published by the Company are not indicative of future returns that may be realized by that individual trader or trading system or by 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 of what might be possible now or in the future and are provided only for informational and educational purposes.
Risks Involving the Information, the Applications, the Services, the Website, and this Disclosure
Assumption of Risk
As 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 part of the Company or the Company Persons.
Errors and Omissions
The 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.
Technology
The Company does not guarantee that your access to the Information and the Website and Applications 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 or Applications 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 that may from time to time make the Information or the Website inaccessible to you.
No Endorsement
References 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 our 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.
Testimonials
The Website may present experiences, testimonials, and insights by users of our Applications 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.
Risks Associated with Investment Activity
No Assurance of Investment Return
The Company cannot provide assurance that you will be able to choose, make, and realize trades in options in any particular company, portfolio of companies, or other underlying products. 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 on your capital. Trading in options should only be considered by persons who can afford a loss of their entire investment. The Company makes no representations as to the health, physical, mental, emotional, spiritual or health benefits, or 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 and the Website.
No Investment Advice
Although the Information and the Website may contain general, academic, or educational discussions of securities or other investment products, such discussions are not solicitations of any kind or 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 Advice
The 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 Considerations
Neither 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 Related to Backtesting and Simulation
Risks Related to Creating and Backtesting Algorithms
Backtesting is the process of testing a trading strategy on relevant historical data to ensure its viability before a user risks any actual capital. A user can simulate the trading of a strategy over an appropriate period of time and analyze the results for the levels of profitability and risk. We strive to provide you with statistical information on your trading strategies and your algorithms based on certain historical options market trading data; however, this information is presented as is, on a best-efforts basis, and we cannot be held liable for any loss in any form that you incur through options trading or reliance on the Website or Information.
Creating and backtesting trading algorithms is subject to several risks, any of which can cause your algorithms to function other than how you had intended or to fail to achieve one or more of the objectives of your algorithms. Algorithmic trading is rapidly changing as a practice and as an industry. Models of markets used to write and test algorithms are inherently limited and often fail to perform as expected. In addition, trading algorithms are implemented in software programming code, and no matter how well designed and thoroughly tested, any such code can have logical errors and bugs that cause the algorithms to malfunction or suggest trades that, if executed, would result in losses. It is your obligation to thoroughly and appropriately test any trading algorithm before you deploy it and to continually monitor the operation of any deployed trading algorithms to ensure they are running properly and in compliance with any applicable rules. Any of the following scenarios may happen, appear, or exist that are unrelated to our Website, our services, and our Applications, including but not limited to the design, creation, and deployment of your brokers’ APIs:
Your algorithm may be designed on the basis of an incorrect understanding of technical indicators, which may not work as expected.
Your algorithm may contain logical errors in the way you understand the indicators and comparators.
Errors, gaps, and other inconsistencies may exist in the options market trading data we license from third-parties used for testing your algorithm or the applicable model of the market.
Your algorithm might appear to succeed in a backtesting environment using historical data but fail in live trading.
Your algorithm might appear to succeed with some data sources but fail when using other data sources in our system.
Your algorithm may not achieve the returns you anticipate. There are no guarantees, or even expectations, that can be made about the future behavior of an algorithm.
Backtesting cannot assure actual results or predict future market performances.
It is not possible for a computer model to truly predict what might happen if an algorithm-based trading strategy is placed in a live trading environment. For example, the implementation of such a strategy can itself have an impact on the market, and the model may fail to account for real-life factors that impact the model. Moreover, the model may fail to account for execution costs including broker commissions, fees, and trading slippage. Additionally, the model does not account for the actual interest rates available to you or the minimum margin requirements your broker decides should apply to you.
A promising model result does not necessarily predict a successful strategy. Optimizing a strategy to fit the historical data too closely can result in overfitting, A backtest might be over-fitted to past data, and fail when the strategy is applied to new, live data. Your algorithm might not handle market conditions that cannot be reasonably anticipated; e.g., a “flash crash” or an exchange outage. These market conditions, by definition, will not have been tested.
Markets are dynamic and constantly evolving. Historical data may not capture changes in market conditions, such as shifts in volatility, liquidity, or regulatory environments. Models that perform well in one market environment may not work as effectively in another, leading to poor performance in live trading. Models also do not and cannot account for black swan events or other unpredictable market conditions, resulting in poor performance in live trading.
The relevant market might fail or behave unexpectedly. Market centers in which you seek to implement your trading strategy may fail or behave incorrectly because of technical reasons relating to infrastructure, connectivity, and similar factors. Your algorithm might suffer from adverse market conditions. Those conditions can include a lack of liquidity and abrupt and unwarranted price swings. Also possible are late market openings, early market closings, market chaos, and midday trading pauses, and other such disruptive events.
You may receive incorrect information, or be unable to acquire information, about your orders, your positions, or market conditions. Incorrect actions may be taken, or corrective actions may not be taken, because of inaccurate or missing information. In addition, you may be unable to terminate or edit your algorithms in a live trading environment, all of which may impact the results of your algorithms or models.
Due to circumstances outside of our control and/or the control of your broker, there may be delays between the time an order (or other information) is submitted from the API and the time the order is received by your broker. These delays may also affect order modification and order cancellation requests. The time an order or a request is actually received by your broker (including for execution) will be the official time of receipt, including for the purpose of routing the order to the market for execution. In addition, all orders submitted to your broker may be subject to review by your broker, and may be rejected or declined by your broker, all of which activities are out of our control. Those conditions can lead to unpredictable trading outcomes for you.
Malicious and criminal activities might cause your algorithms and strategy to fail. All computers and networks are subject to malicious “hacking” attacks and criminal activities designed to misappropriate intellectual property, compromise personally identifiable information, steal funds, or any combination of such purposes. These attacks might be attacks on a target of opportunity or specifically targeted. Any such attack could cause the system so attacked to function improperly or not at all and could result in the misappropriation of your intellectual property, the compromise of your personally identifiable information and personal financial information (whether such information is stored on our system or systems of third party vendors), or the theft of your funds, and can cause your algorithms to misbehave, malfunction, or behave erratically. The Company cannot be held liable, and no legal action can be initiated against us, in any case of an external attack by a malicious entity that leads to a disclosure of personal data, algorithms, or any other data a user has created, submitted, or stored with the Company. The Company, in any case, may not be held liable for any loss of intellectual property or content or harm to reputation.
Risks Involving Broker Integration
Relation to Other Risk Disclosures
Because broker Integrations 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. In particular, because the broker Integrations 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 broker Integration, the use of broker Integration is subject to the risks set forth in “Broker Risks” in this Disclosure. Finally, because broker Integrations are an element of the Website and provided through this Website, their use is subject to the “Risks Involving the Information, the Applications, the Services, the Website, and this Disclosure” set forth above.
Your Use of Broker Integrations
Broker Integrations allow you to execute trades in your broker’s system, using strategies you may have backtested through our Applications and Services on our Website (the “Automated Strategy”). You understand that the Automated Strategy, once applied by you via broker Integration, 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 Automated Strategy. Risks inherent in creating, testing, and executing trading strategies through User Automations include the risk that the Automated Strategy (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 an Automated Strategy 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. An Automated Strategy may be designed on the basis of an incorrect understanding of: (i) how the Applications work; (ii) how an Automated Strategy works; (iii) the operation of the trading markets for the investment products to which your Automated Strategy is addressed; (iv) how the different systems comprising those markets interact; (v) the costs of executing the trades performed by your Automated Strategy; or (vi) how your Automated Strategy interacts with your brokerage account, your broker, or other third parties or third-party websites or systems.
Automated Strategy May Close Positions Automatically
You will typically have the option to include STOP orders with all trades initiated by your broker at your instruction through your Automated Strategy, in accordance with the instructions you select in the Automated Strategy (which are then communicated to that broker). Nonetheless, if your Automated Strategy sends STOP orders, the Company disclaims any responsibility for closing such positions on your behalf, or for the consequences should such positions not be closed, and you agree that you and/or your broker are the sole parties responsible for ensuring that your trades are opened and closed.
Investment Strategy of Automated Strategy
All users of Automated Strategies must determine for themselves what specific investments to make or not make and are urged to consult with their own independent financial advisers 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 investment professional before making any investment, and your investigation of any and all risks before employing an Automated Strategy. The fact that the Automated Strategy allows you to do something is not an endorsement of that action by the Company.
Risks of Automated Strategy, General
Integrations may enable you to implement your Automated Strategy on live market data. Live algorithmic trading has various risks, and the Company shall not have any liability for any losses incurred through using the Applications, the Services, or the Website, where such risks include, without limitation:
(a) Design risks; errors in data, incorrect assumptions, logical program errors. Even if you designed a perfect strategy, past performance is no guarantee of future results.
(b) Loss of Internet connectivity, resulting in disconnections from your brokerage, failure to place orders, or inability to see the results of your algorithm.
(c) Poor design of algorithm, resulting in runaway strategies, machine gun orders, run-time errors halting program operation, failure to trade when expected to, or termination of the algorithm.
(d) Unexpected market conditions, resulting in poor fill prices, rapid losses (flash crashes), or late exchange openings.
(e) Data issues; broken, dirty, delayed or intermittent data connections causing errors in the algorithms. This includes data inaccuracies (exchanges sometimes publish bad/fictional orders or trades).
(f) Execution issues; orders submissions, updates, and cancellations could be rejected or delayed by your brokerage. Orders or trades could be disallowed or rescinded by your brokerage or exchanges without warning.
(g) Malicious activities; criminal activity could cause your algorithm to fail or your brokerage account to become compromised, leaking personal information or intellectual property or leading to the theft of your funds.
(h) Company issues; the Company’s systems, architecture, services, or personnel may experience failures, including but not limited to software bugs, server outages, infrastructure issues, or human error. These failures could impact the accuracy, execution, or availability of backtests and live trading results.
(i) Vendor issues; data providers and other third-party vendors used by the Company may experience outages, delays, errors, or inaccuracies in the data or services they supply. These issues can affect the quality and reliability of backtests and automated strategies, potentially leading to unexpected results.
(j) These events can cause the loss of all funds and holdings in your brokerage account. Algorithmic trading losses can occur faster than losses in manual trading, and you should consult an investment professional to discuss these risks. You should continually monitor the operation of a live trading algorithm to ensure it is running properly and as expected.
EVERY TIME YOU USE THE APPLICATIONS, THE SERVICES AND THE WEBSITE YOU AGREE THAT UNDER NO CIRCUMSTANCES DOES THE COMPANY BEAR ANY RESPONSIBILITY FOR LOSSES INCURRED AND THAT THE COMPANY OFFERS NO GUARANTEES OR EXPECTATIONS ON YOUR ALGORITHM’S PERFORMANCE OR STABILITY.
User’s Human Error in Automated Strategy
Your design or use of Automated Strategy may be subject to user error. Such errors could include entering incorrect fields (including ticker symbols). Even if your Automated Strategy works as intended, it could produce adverse results through non-optimal strategies or “setting and forgetting.”
Counterparty Risk of Automated Strategy
Even if your Automated Strategy 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 Broker Integrations, Generally
The 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”), whereby users could access their brokers’ systems through the brokers’ APIs integrated with the Website, the Applications, and the Services. Integrations are technically complex and involve the collaboration of both the Company and your 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, mean that the Company cannot, and does not, guarantee the availability or error-free performance of any 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 will 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.
The Website, Applications, and Services are not a trading platform, nor do they allow you to trade options or other securities; they instead constitute a portal (“Automation Platform”) through which you may be able, if desired, to access your personal brokerage account(s) that you maintain with a third-party broker, turn backtests into strategies, and automate those strategies (which can be created from a backtest or from scratch). 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, and the Company bears no liability for any such losses. Delays within and between your systems, those of your broker, and those of 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 acquire information, about your orders, your positions, or market conditions. Bugs in your broker’s electronic system may prevent the orders from going through or relay incorrect order information, resulting in order errors that may cause you to incur significant losses. Incorrect actions may be taken, or correct actions may not be taken, because of inaccurate or missing information.
Broker Risks
For purposes of this Disclosure, a “broker,” also known as a brokerage firm or a broker-dealer, is an entity that is permitted to buy and sell securities or other investment products for its clients under applicable state and federal law, typically through that broker’s membership in a securities exchange, contract market, or other exchange or market. 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 communication from being timely communicated or that changes 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 an 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 Templates, User Automations, and Strategies
General, Templates, and User Automations
Although the Website provides you with access to stock “Template Automations” (i.e. trading templates) and/or samples as an educational feature, purely for illustrative purposes of how features of the Services and Applications work, 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. Template Automations include default values entered in the algorithm parameters. Such default values do not constitute recommendations, endorsements, or investment advice. You are strongly recommended to edit or modify such values prior to implementing any variant of such Template Automations in live trading. 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.
While using the Applications and Services, Registered Users are able to create “User Automations,” which they could share either publicly or via our Discord server (accessible only to other Registered Users), via a shareable link. The User Automations shared within our Discord server community or publicly are created and shared openly by individual Registered Users. These templates may reflect the strategies and preferences of the Registered Users who created them and may not be suitable for all traders. Each Registered User should carefully evaluate and assess the risks associated with using any particular template before making any trading decisions. The use of User Automations does not guarantee any specific outcomes or profitability. It is crucial for Registered Users to conduct their own research, consider their financial situation and risk tolerance, and seek professional advice if needed before choosing to use any User Automations. Additionally, Registered Users using our Applications and Services have the ability to edit and modify any User Automations to fit their own personal trading style and risk tolerance, and User Automations are never automatically cloned or turned on without the express consent and permission of the Registered User, who must take all actions and steps necessary to initiate a trading strategy in order to make use of any such User Automation. Therefore, Registered Users should exercise caution and thoroughly understand the potential risks involved in options trading and make informed decisions based on their own analysis and judgment and any modifications made to a User Automation, 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 User Automations shared within our community or publicly.
We are not registered as an investment adviser or broker, and we do not provide personalized investment recommendations or endorse any specific trading strategies.
Limited Features
The Template Automations 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 Applications.
User Automations
Through the Applications, you may create option trading automations, sometimes referred to as “trade templates” or “scheduled entries” (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, 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. TO THE FULLEST EXTENT PERMITTED UNDER APPLICABLE LAW, THE COMPANY’S SERVICES AND PROVISION OF USER AUTOMATIONS TO YOU ARE PROVIDED ON AN “AS IS” BASIS WITHOUT WARRANTY OF ANY KIND MADE BY OPTION OMEGA LLC. WITHOUT LIMITING THE FOREGOING, TO THE MAXIMUMEXTENT PERMITTED BY APPLICABLE LAW, THE COMPANY DISCLAIMS ALL WARRANTIES, EXPRESS OR IMPLIED, INCLUDING ANY WARRANTIES OF FITNESS FOR A PARTICULAR PURPOSE, MERCHANTABILITY, DATA LOSS, AND NON-INFRINGEMENT. FURTHERMORE, OPTION OMEGA LLC MAKES NO WARRANTIES REGARDING THE ACCURACY, RELIABILITY, TIMELINESS, TRUTHFULNESS, COMPLETENESS, OR QUALITY OF ANY INFORMATION OR CONTENT IN OR LINKED TO THE COMPANY’S SERVICES, INCLUDING YOUR USE OF USER AUTOMATIONS. THE COMPANY DOES NOT WARRANT THAT ITS SERVICES, ITS PRODUCTS, OR ANY USER AUTOMATIONS WILL (1) MEET YOUR EXPECTATIONS OR REQUIREMENTS; (2) BE COMPLETELY SECURE OR FREE FROM ERRORS, BUGS, VIRUSES, OR OTHER HARMFUL COMPONENTS; OR (3) BE FREE FROM INTERRUPTION, THEFT, OR DESTRUCTION.
Relation to Other Risk Disclosures
The use of Template Automations could be used in the trading of options and other investment products, 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 Disclosure.
If you have any questions, please contact us at support@optionomega.com. Thank you.
Privacy Policy
Updated as of 03.05.25
At Option Omega, LLC, a Delaware LLC (the “Company,” “we,” “us,” or “our”), we strive for transparency and trust when it comes to protecting your personal information. This data and privacy policy (“Privacy Policy”) describes how and why we might collect, store, use, and/or share ("process") information about you when you use our services ("Services"), such as when you:
Visit our website at https://optionomega.com/, or any website of ours that links to this Privacy Policy;
Engage with us in other related ways, including any sales, marketing, social media and/or other contacts; and
Utilize any of our software or platforms.
Owner and Data Controller: Option Omega, PO Box 1069, Greenwood, IN 46142
Owner contact email: support@optionomega.com
Questions or concerns? Reading this privacy notice will help you understand your privacy rights and choices. If you do not agree with our Privacy Policy, please do not use our Services. If you still have any questions or concerns, please contact us at support@optionomega.com.
SUMMARY OF KEY POINTS
This summary provides key points from our privacy notice, but you can find out more details about any of these topics by clicking the link following each key point or by using our table of contents below to find the section you are looking for. You can also click here to go directly to our table of contents.
What personal information do we process? When you visit, use, or navigate our Services, we may process personal information depending on how you interact with the Company and the Services, the choices you make, and the products and features you use. We collect Payment Data (described below, Trade Data (described Below) and may collect and process other personal information.
Do we process any sensitive personal information? We do not process sensitive personal information.
Do we receive any information from third parties? We do not receive any information from third parties.
How do we process your information? We process your information to provide, improve, and administer our Services; to validate user information provided to us for fraud and risk detection purposes; to solicit feedback, respond to comments, requests or inquiries; to provide customer service and support; to generate anonymized aggregated data containing only de-identified, non-personal information that we may use to publish reports; to operate our business, including processing of payments; to manage and enforce contracts with you or with third parties, to manage our corporate governance, compliance and auditing practices, and to comply with any applicable laws, rules or regulations, including disclosure or reporting obligations. We may also process your information for other purposes with your consent. We process your information only when we have a valid legal reason to do so.
In what situations and with which parties do we share personal information? We do not share your personal information except for Payment Data (defined below) shared with Stripe for subscription related Services.
We may also share your Personal Information to comply with applicable laws and regulations, to respond to a subpoena, search warrant or other lawful request for information we receive, or to otherwise protect our rights.
How do we keep your information safe? We have organizational and technical processes and procedures in place to protect your personal information. However, no electronic transmission over the internet or information storage technology can be guaranteed to be 100% secure, so we cannot promise or guarantee that hackers, cybercriminals, or other unauthorized third parties will not be able to defeat our security and improperly collect, access, steal, or modify your information.
What are your rights? Depending on where you are located geographically, the applicable privacy law may mean you have certain rights regarding your personal information.
How do you exercise your rights? The easiest way to exercise your rights is by contacting us at support@optionomega.com. We will respond to your request without undue delay, but in all cases and at the latest within 45 days of its receipt. Should we need more time, we will explain to you the reasons why, and how much more time we need. In this regard, please note that we may take up to 90 days to fulfill your request. We do not charge a fee to respond to your request, for up to two requests per year. If your request is manifestly unfounded, excessive or repetitive, we may charge a reasonable fee or refuse to act on the request. In either case, we will communicate our choices and explain the reasons behind them. We will otherwise consider and act upon any request in accordance with applicable data protection laws.
TABLE OF CONTENTS
1. WHAT INFORMATION DO WE COLLECT?
2. HOW DO WE PROCESS YOUR INFORMATION?
3. WHAT LEGAL BASES DO WE RELY ON TO PROCESS YOUR PERSONAL INFORMATION?
4. WHEN AND WITH WHOM DO WE SHARE YOUR PERSONAL INFORMATION?
5. DO WE USE COOKIES AND OTHER TRACKING TECHNOLOGIES?
6. HOW LONG DO WE KEEP YOUR INFORMATION?
7. HOW DO WE KEEP YOUR INFORMATION SAFE?
8. DO WE COLLECT INFORMATION FROM MINORS?
9. WHAT ARE YOUR PRIVACY RIGHTS?
10. CONTROLS FOR DO-NOT-TRACK FEATURES
11. DO CALIFORNIA RESIDENTS HAVE SPECIFIC PRIVACY RIGHTS?
12. DO WE MAKE UPDATES TO THIS NOTICE?
13. HOW CAN YOU CONTACT US ABOUT THIS NOTICE?
14. HOW CAN YOU REVIEW, UPDATE, OR DELETE THE DATA WE COLLECT FROM YOU?
1. WHAT INFORMATION DO WE COLLECT?
Personal information you disclose to us
In Short: We collect personal information that you provide to us.
We collect personal information that you voluntarily provide to us when you register on the Services, express an interest in obtaining information about us or our products and Services, when you participate in activities on the Services, or otherwise when you contact us.
Personal Information Provided by You. The personal information that we collect depends on the context of your interactions with us and the Services, the choices you make, and the products and features you use. The personal information we collect may include the following:
names
phone number
date of birth
email addresses
passwords
Sensitive Information. We do not process sensitive information.
Payment Data. We may collect data necessary to process your payment if you make purchases, such as your name, billing address, payment information (including credit card numbers provided to Stripe), email address, and phone number, and the security code associated with your payment instrument. All payment data is stored by Stripe. You may find their privacy notice link(s) here: https://stripe.com/privacy.
Trade Data. We may collect trade data necessary to ensure your account is operating within the scope of the user subscription. We may also use trade data to generate de-identified, aggregated reports.
All personal information that you provide to us must be true, complete, and accurate, and you must notify us of any changes to such personal information.
2. HOW DO WE PROCESS YOUR INFORMATION?
In Short: We process your information to provide, improve, and administer our Services, communicate with you, for security and fraud prevention, and to comply with law. We may also process your information for other purposes with your consent.
We process your personal information for a variety of reasons, depending on how you interact with our Services, including:
To facilitate account creation and authentication and otherwise manage user accounts. We may process your information so you can create and log in to your account, as well as keep your account in working order.
To deliver and facilitate delivery of services to the user. We may process your information to provide you with the requested service.
To respond to user inquiries/offer support to users. We may process your information to respond to your inquiries and solve any potential issues you might have with the requested service.
To send administrative information to you. We may process your information to send you details about our products and services, changes to our terms and policies, and other similar information.
3. WHAT LEGAL BASES DO WE RELY ON TO PROCESS YOUR INFORMATION?
In Short: We only process your personal information when we believe it is necessary and we have a valid legal reason (i.e., legal basis) to do so under applicable law, like with your consent, to comply with laws, to provide you with services to enter into or fulfill our contractual obligations, to protect your rights, or to fulfill our legitimate business interests.
If you are located in the EU or UK, this section applies to you.
The General Data Protection Regulation (GDPR) and UK GDPR require us to explain the valid legal bases we rely on in order to process your personal information. As such, we may rely on the following legal bases to process your personal information:
Consent. We may process your information if you have given us permission (i.e., consent) to use your personal information for a specific purpose. You can withdraw your consent at any time. Click here to learn more.
Performance of a Contract. We may process your personal information when we believe it is necessary to fulfill our contractual obligations to you, including providing our Services or at your request prior to entering into a contract with you.
Legal Obligations. We may process your information where we believe it is necessary for compliance with our legal obligations, such as to cooperate with a law enforcement body or regulatory agency, exercise or defend our legal rights, or disclose your information as evidence in litigation in which we are involved.
Vital Interests. We may process your information where we believe it is necessary to protect your vital interests or the vital interests of a third party, such as situations involving potential threats to the safety of any person.
If you are located in Canada, this section applies to you.
We may process your information if you have given us specific permission (i.e., express consent) to use your personal information for a specific purpose, or in situations where your permission can be inferred (i.e., implied consent). You can withdraw your consent at any time. Click here to learn more.
In some exceptional cases, we may be legally permitted under applicable law to process your information without your consent, including, for example:
If collection is clearly in the interests of an individual and consent cannot be obtained in a timely way
For investigations and fraud detection and prevention
For business transactions provided certain conditions are met
If it is contained in a witness statement and the collection is necessary to assess, process, or settle an insurance claim
For identifying injured, ill, or deceased persons and communicating with next of kin
If we have reasonable grounds to believe an individual has been, is, or may be victim of financial abuse
If it is reasonable to expect collection and use with consent would compromise the availability or the accuracy of the information and the collection is reasonable for purposes related to investigating a breach of an agreement or a contravention of the laws of Canada or a province
If disclosure is required to comply with a subpoena, warrant, court order, or rules of the court relating to the production of records
If it was produced by an individual in the course of their employment, business, or profession and the collection is consistent with the purposes for which the information was produced
If the collection is solely for journalistic, artistic, or literary purposes
If the information is publicly available and is specified by the regulations
4. WHEN AND WITH WHOM DO WE SHARE YOUR PERSONAL INFORMATION?
In Short: We may share information in specific situations described in this section and/or with the following third parties.
We may need to share your personal information in the following situations:
Business Transfers. We may share or transfer your information in connection with, or during negotiations of, any merger, sale of company assets, financing, or acquisition of all or a portion of our business to another company.
5. DO WE USE COOKIES AND OTHER TRACKING TECHNOLOGIES?
In Short: We may use cookies and other tracking technologies to collect and store your information.
We may use cookies and similar tracking technologies (like web beacons and pixels) to access or store information.
6. HOW LONG DO WE KEEP YOUR INFORMATION?
In Short: We keep your information for as long as necessary to fulfill the purposes outlined in this privacy notice unless otherwise required by law.
We will only keep your personal information for as long as it is necessary for the purposes set out in this privacy notice, unless a longer retention period is required or permitted by law (such as tax, accounting, or other legal requirements). No purpose in this notice will require us keeping your personal information for longer than three (3) months past the termination of the user's account.
When we have no ongoing legitimate business need to process your personal information, we will either delete or anonymize such information, or, if this is not possible (for example, because your personal information has been stored in backup archives), then we will securely store your personal information and isolate it from any further processing until deletion is possible.
7. HOW DO WE KEEP YOUR INFORMATION SAFE?
In Short: We aim to protect your personal information through a system of organizational and technical security measures.
We have implemented appropriate and reasonable technical and organizational security measures designed to protect the security of any personal information we process. However, despite our safeguards and efforts to secure your information, no electronic transmission over the Internet or information storage technology can be guaranteed to be 100% secure, so we cannot promise or guarantee that hackers, cybercriminals, or other unauthorized third parties will not be able to defeat our security and improperly collect, access, steal, or modify your information. Although we will do our best to protect your personal information, transmission of personal information to and from our Services is at your own risk. You should only access the Services within a secure environment.
8. DO WE COLLECT INFORMATION FROM MINORS?
In Short: We do not knowingly collect data from or market to children under 18 years of age.
We do not knowingly solicit data from or market to children under 18 years of age. By using the Services, you represent that you are at least 18 or that you are the parent or guardian of such a minor and consent to such minor dependent’s use of the Services. If we learn that personal information from users less than 18 years of age has been collected, we will deactivate the account and take reasonable measures to promptly delete such data from our records. If you become aware of any data we may have collected from children under age 18, please contact us at support@optionomega.com.
9. WHAT ARE YOUR PRIVACY RIGHTS?
In Short: In some regions, such as the European Economic Area (EEA), United Kingdom (UK), and Canada, you have rights that allow you greater access to and control over your personal information. You may review, change, or terminate your account at any time.
In some regions (like the EEA, UK, and Canada), you have certain rights under applicable data protection laws. These may include the right (i) to request access and obtain a copy of your personal information, (ii) to request rectification or erasure; (iii) to restrict the processing of your personal information; and (iv) if applicable, to data portability. In certain circumstances, you may also have the right to object to the processing of your personal information. You can make such a request by contacting us by using the contact details provided in the section "HOW CAN YOU CONTACT US ABOUT THIS NOTICE?" below.
We will consider and act upon any request in accordance with applicable data protection laws.
If you are located in the EEA or UK and you believe we are unlawfully processing your personal information, you also have the right to complain to your local data protection supervisory authority. You can find their contact details here: https://ec.europa.eu/justice/data-protection/bodies/authorities/index_en.htm.
If you are located in Switzerland, the contact details for the data protection authorities are available here: https://www.edoeb.admin.ch/edoeb/en/home.html.
Withdrawing your consent: If we are relying on your consent to process your personal information, which may be express and/or implied consent depending on the applicable law, you have the right to withdraw your consent at any time. You can withdraw your consent at any time by contacting us by using the contact details provided in the section "HOW CAN YOU CONTACT US ABOUT THIS NOTICE?" below or updating your preferences.
However, please note that this will not affect the lawfulness of the processing before its withdrawal nor, when applicable law allows, will it affect the processing of your personal information conducted in reliance on lawful processing grounds other than consent.
Opting out of marketing and promotional communications: You can unsubscribe from our marketing and promotional communications at any time by clicking on the unsubscribe link in the emails that we send, or by contacting us using the details provided in the section "HOW CAN YOU CONTACT US ABOUT THIS NOTICE?" below. You will then be removed from the marketing lists. However, we may still communicate with you — for example, to send you service-related messages that are necessary for the administration and use of your account, to respond to service requests, or for other non-marketing purposes.
Account Information
If you would at any time like to review or change the information in your account or terminate your account, you can:
Contact us at support@optionomega.com.
Upon your request to terminate your account, we will deactivate or delete your account and information from our active databases. However, we may retain some information in our files to prevent fraud, troubleshoot problems, assist with any investigations, enforce our legal terms and/or comply with applicable legal requirements.
Cookies and similar technologies: Most Web browsers are set to accept cookies by default. If you prefer, you can usually choose to set your browser to remove cookies and to reject cookies. If you choose to remove cookies or reject cookies, this could affect certain features or services of our Services. If you have questions or comments about your privacy rights, you may email us at support@optionomega.com.
10. CONTROLS FOR DO-NOT-TRACK FEATURES
Most web browsers and some mobile operating systems and mobile applications include a Do-Not-Track ("DNT") feature or setting you can activate to signal your privacy preference not to have data about your online browsing activities monitored and collected. At this stage no uniform technology standard for recognizing and implementing DNT signals has been finalized. As such, we do not currently respond to DNT browser signals or any other mechanism that automatically communicates your choice not to be tracked online. If a standard for online tracking is adopted that we must follow in the future, we will inform you about that practice in a revised version of this privacy notice.
11. DO CALIFORNIA RESIDENTS HAVE SPECIFIC PRIVACY RIGHTS?
In Short: Yes, if you are a resident of California, you are granted specific rights regarding access to your personal information.
California Civil Code Section 1798.83, also known as the "Shine The Light" law, permits our users who are California residents to request and obtain from us, once a year and free of charge, information about categories of personal information (if any) we disclosed to third parties for direct marketing purposes and the names and addresses of all third parties with which we shared personal information in the immediately preceding calendar year. If you are a California resident and would like to make such a request, please submit your request in writing to us using the contact information provided below.
If you are under 18 years of age, reside in California, and have a registered account with Services, you have the right to request removal of unwanted data that you publicly post on the Services. To request removal of such data, please contact us using the contact information provided below and include the email address associated with your account and a statement that you reside in California. We will make sure the data is not publicly displayed on the Services, but please be aware that the data may not be completely or comprehensively removed from all our systems (e.g., backups, etc.).
CCPA Privacy Notice
The California Code of Regulations defines a "resident" as:
(1) every individual who is in the State of California for other than a temporary or transitory purpose and
(2) every individual who is domiciled in the State of California who is outside the State of California for a temporary or transitory purpose
All other individuals are defined as “non-residents.”
If this definition of "resident" applies to you, we must adhere to certain rights and obligations regarding your personal information.
What categories of personal information do we collect?
We have collected the following categories of personal information in the past twelve (12) months:
| Category | Examples | Collected |
|---|---|---|
| A. Identifiers | Contact details, such as real name, alias, postal address, telephone or mobile contact number, unique personal identifier, online identifier, Internet Protocol address, email address, and account name | YES |
| B. Personal information categories listed in the California Customer Records statute | Name, contact information, education, employment, employment history, and financial information | YES |
| C. Protected classification characteristics under California or federal law | Gender and date of birth | NO |
| D. Commercial information | Transaction information, purchase history, financial details, and payment information | YES |
| E. Biometric information | Fingerprints and voiceprints | NO |
| F. Internet or other similar network activity | Browsing history, search history, online behavior, interest data, and interactions with our and other websites, applications, systems, and advertisements | YES |
| G. Geolocation data | Device location | NO |
| H. Audio, electronic, visual, thermal, olfactory, or similar information | Images and audio, video or call recordings created in connection with our business activities | NO |
| I. Professional or employment-related information | Business contact details in order to provide you our Services at a business level or job title, work history, and professional qualifications if you apply for a job with us | NO |
| J. Education Information | Student records and directory information | NO |
| K. Inferences drawn from other personal information | Inferences drawn from any of the collected personal information listed above to create a profile or summary about, for example, an individual’s preferences and characteristics | NO |
We may also collect other personal information outside of these categories through instances where you interact with us in person, online, or by phone or mail in the context of:
Receiving help through our customer support channels;
Participation in customer surveys or contests; and
Facilitation in the delivery of our Services and to respond to your inquiries.
How do we use and share your personal information?
More information about our data collection and sharing practices can be found in this privacy notice.
You may contact us by email at support@optionomega.com, or by referring to the contact details at the bottom of this document.
If you are using an authorized agent to exercise your right to opt out we may deny a request if the authorized agent does not submit proof that they have been validly authorized to act on your behalf.
Will your information be shared with anyone else?
We may disclose your personal information with our service providers pursuant to a written contract between us and each service provider. Each service provider is a for-profit entity that processes the information on our behalf.
We may use your personal information for our own business purposes, such as for undertaking internal research for technological development and demonstration. This is not considered to be "selling" of your personal information.
Option Omega, LLC has not disclosed or sold any personal information to third parties for a business or commercial purpose in the preceding twelve (12) months. Option Omega, LLC will not sell personal information in the future belonging to website visitors, users, and other consumers.
Your rights with respect to your personal data
Right to request deletion of the data — Request to delete
You can ask for the deletion of your personal information. If you ask us to delete your personal information, we will respect your request and delete your personal information, subject to certain exceptions provided by law, such as (but not limited to) the exercise by another consumer of his or her right to free speech, our compliance requirements resulting from a legal obligation, or any processing that may be required to protect against illegal activities.
Right to be informed — Request to know
Depending on the circumstances, you have a right to know:
whether we collect and use your personal information;
the categories of personal information that we collect;
the purposes for which the collected personal information is used;
whether we sell your personal information to third parties;
the categories of personal information that we sold or disclosed for a business purpose;
the categories of third parties to whom the personal information was sold or disclosed for a business purpose; and
the business or commercial purpose for collecting or selling personal information.
In accordance with applicable law, we are not obligated to provide or delete consumer information that is de-identified in response to a consumer request or to re-identify individual data to verify a consumer request.
Right to Non-Discrimination for the Exercise of a Consumer’s Privacy Rights
We will not discriminate against you if you exercise your privacy rights.
Verification process
Upon receiving your request, we will need to verify your identity to determine you are the same person about whom we have the information in our system. These verification efforts require us to ask you to provide information so that we can match it with information you have previously provided us. For instance, depending on the type of request you submit, we may ask you to provide certain information so that we can match the information you provide with the information we already have on file, or we may contact you through a communication method (e.g., phone or email) that you have previously provided to us. We may also use other verification methods as the circumstances dictate.
We will only use personal information provided in your request to verify your identity or authority to make the request. To the extent possible, we will avoid requesting additional information from you for the purposes of verification. However, if we cannot verify your identity from the information already maintained by us, we may request that you provide additional information for the purposes of verifying your identity and for security or fraud-prevention purposes. We will delete such additionally provided information as soon as we finish verifying you.
Other privacy rights
You may object to the processing of your personal information.
You may request correction of your personal data if it is incorrect or no longer relevant, or ask to restrict the processing of the information.
You can designate an authorized agent to make a request under the CCPA on your behalf. We may deny a request from an authorized agent that does not submit proof that they have been validly authorized to act on your behalf in accordance with the CCPA.
You may request to opt out from future selling of your personal information to third parties. Upon receiving an opt-out request, we will act upon the request as soon as feasibly possible, but no later than fifteen (15) days from the date of the request submission.
To exercise these rights, you can contact us by email at support@optionomega.com, or by referring to the contact details at the bottom of this document. If you have a complaint about how we handle your data, we would like to hear from you.
12. DO WE MAKE UPDATES TO THIS NOTICE?
In Short: Yes, we will update this notice as necessary to stay compliant with relevant laws.
We may update this privacy notice from time to time. The updated version will be indicated by an updated "Revised" date and the updated version will be effective as soon as it is accessible. If we make material changes to this privacy notice, we may notify you either by prominently posting a notice of such changes or by directly sending you a notification. We encourage you to review this privacy notice frequently to be informed of how we are protecting your information.
13. HOW CAN YOU CONTACT US ABOUT THIS NOTICE?
If you have questions or comments about this notice, you may email us at support@optionomega.comor by post to:
Option Omega
PO Box 614
Greenwood, IN 46142
14. HOW CAN YOU REVIEW, UPDATE, OR DELETE THE DATA WE COLLECT FROM YOU?
Based on the applicable laws of your country, you may have the right to request access to the personal information we collect from you, change that information, or delete it. To request to review, update, or delete your personal information, please contact support@optionomega.com.
