These Terms of Service ("Terms") are a legal agreement between you ("you," "your") and NoVo Options Trading ("NoVo," "we," "us," "our"), governing your access to and use of the NoVo service — including NoVo Analyst and NoVo Trader — comprising our website, member portal, dashboard, software, models, and related services (collectively, the "Service"). By creating an account, subscribing, or using the Service, you agree to be bound by these Terms. If you do not agree, do not use the Service.
NoVo offers two subscription tiers. NoVo Analyst provides market analysis and education — a live dealer-positioning dashboard (gamma, walls, expected move, and related structure), desk notes, and alerts. It does not place trades. NoVo Trader includes everything in Analyst and adds one-click trade execution: NoVo maps the market and surfaces setups, but you decide and initiate every trade. When you click to enter, NoVo places that order in your own brokerage account and then manages the position's exits (such as profit targets and stops) according to the rules and risk settings you configure. NoVo acts only on your instructions and the settings you choose; it does not exercise discretionary trading authority over your account, and it does not provide financial, investment, tax, or legal advice. You access and control the Service through the member portal and dashboard from any web browser.
You must be at least 18 years old and legally able to enter into these Terms and to trade in your jurisdiction. You are responsible for providing accurate information, for keeping your account credentials secure, and for all activity under your account. One subscription is for one user — you may not share, resell, or provide your account or access to anyone else.
To trade, you connect your own third-party brokerage accounts (such as Alpaca and Tradier) by providing API keys that you generate. NoVo never takes custody of your funds. Your money remains in your own brokerage account, in your name, at all times. NoVo uses your API keys solely to execute the orders you initiate and to manage those positions according to the settings you configure — it cannot withdraw, transfer, or move your funds. Your keys are stored encrypted and used only to operate your instance; you may disconnect or rotate them at any time. Your use of each broker remains subject to that broker's own terms, and you are responsible for maintaining your broker accounts and any associated deposits, commissions, or costs.
The Service incorporates third-party artificial-intelligence models and market-data sources. These are provided on an as-available basis; their availability, accuracy, latency, and output are not guaranteed, and AI-generated analysis may be incomplete or incorrect. The Service's behavior depends in part on data, brokers, and systems outside our control.
You shall NOT, and shall not permit or enable any third party to:
The Service is licensed for use, not sold. We and our licensors retain all right, title, and interest in and to the Service, including all software, algorithms, models, methods, and trade secrets embodied in it. We grant you a limited, non-exclusive, non-transferable, revocable right to access and use the Service for your own personal trading for the duration of your subscription. No other rights are granted.
NoVo Trader is a tool for executing and managing the trades you initiate. It is NOT financial, investment, tax, or legal advice. Trading options and other financial instruments involves substantial risk of loss, up to and including the total loss of your capital. We make no representation, warranty, or guarantee of any profit, performance, win rate, or outcome. Past, hypothetical, or simulated performance does not predict future results. You alone are responsible for your trading decisions, broker accounts, capital, configuration, risk settings, and for all resulting gains and losses. You assume all risk of using the Service. We strongly recommend running in paper mode before deploying real capital.
THE SERVICE IS PROVIDED "AS IS" AND "AS AVAILABLE," WITHOUT WARRANTY OF ANY KIND, EXPRESS OR IMPLIED, INCLUDING BUT NOT LIMITED TO IMPLIED WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, TITLE, ACCURACY, AND NON-INFRINGEMENT. WE DO NOT WARRANT THAT THE SERVICE WILL BE UNINTERRUPTED, ERROR-FREE, OR SECURE, OR THAT IT WILL EXECUTE ANY TRADE AT ANY PARTICULAR PRICE OR TIME, OR AT ALL.
TO THE MAXIMUM EXTENT PERMITTED BY LAW, IN NO EVENT SHALL WE BE LIABLE FOR ANY TRADING OR INVESTMENT LOSSES, LOST PROFITS, LOST OPPORTUNITY, LOST OR CORRUPTED DATA, OR ANY INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL, OR PUNITIVE DAMAGES ARISING OUT OF OR RELATED TO THE SERVICE OR THESE TERMS, EVEN IF ADVISED OF THE POSSIBILITY. OUR TOTAL AGGREGATE LIABILITY FOR ANY AND ALL CLAIMS SHALL NOT EXCEED THE AMOUNT YOU ACTUALLY PAID US FOR THE SERVICE IN THE TWELVE (12) MONTHS PRECEDING THE EVENT GIVING RISE TO THE CLAIM.
You agree to indemnify, defend, and hold us harmless from and against any claim, demand, loss, liability, damage, or expense (including reasonable attorneys' fees) arising from or related to your use of the Service, your trading activity, or your breach of these Terms.
These Terms apply for as long as you use the Service. Your access ends when your subscription expires or is cancelled. We may suspend or terminate your access immediately if you breach these Terms, if a payment fails, or as required by law or to protect the Service or other users. Upon termination, your instance is deactivated; your funds remain in your own brokerage account, and you may disconnect your keys at any time. Sections 4 and 6 through 13 survive termination.
PLEASE READ THIS SECTION CAREFULLY — IT AFFECTS YOUR LEGAL RIGHTS.
Any dispute, claim, or controversy arising out of or relating to these Terms or the Service (a "Dispute") shall be resolved exclusively by final and binding arbitration administered by the American Arbitration Association ("AAA") under its Consumer Arbitration Rules then in effect — rather than in court — except that either party may bring an individual claim in a small-claims court of competent jurisdiction if the claim qualifies. The arbitration shall be seated in the State of Tennessee (or conducted remotely at the arbitrator's discretion), and the arbitrator's award may be entered in any court of competent jurisdiction.
Class-Action Waiver. You and we agree that each may bring claims against the other only in an individual capacity, and NOT as a plaintiff or class member in any purported class, collective, consolidated, or representative proceeding. The arbitrator may not consolidate more than one person's claims or preside over any class or representative proceeding.
Jury-Trial Waiver. To the extent any Dispute proceeds in court rather than arbitration, you and we each waive any right to a trial by jury.
If the Class-Action Waiver above is found unenforceable as to a particular claim, that claim (and only that claim) shall be severed and may proceed in court; the remainder of this Section shall otherwise remain in full force.
These Terms are governed by the laws of the State of Tennessee, without regard to its conflict-of-law rules. If any provision is held unenforceable, the remaining provisions remain in full force. These Terms are the entire agreement between you and us regarding the Service and supersede all prior understandings. Our failure to enforce a provision is not a waiver. We may update these Terms from time to time; material changes will be posted here with a new "Last updated" date, and your continued use of the Service after changes take effect constitutes acceptance.
By creating an account, subscribing, or using NoVo, you acknowledge that you have read, understood, and agree to be bound by these Terms.