The agreement between you and NoVo Options Trading LLC — what the software does, what it does not do, and how billing and cancellation work.
These Terms of Service ("Terms") are a legal agreement between you ("you," "your") and NoVo Options Trading LLC, a Virginia limited liability company (Virginia SCC entity ID 12066718, registered with the Virginia State Corporation Commission, also doing business as “NoVo Crypto Trading”) ("NoVo," "we," "us," "our"), governing your access to and use of the NoVo service — including Trader Pro and Trader Max — 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 three dashboard subscriptions, a bundle that combines them, and a separate machine-access product. Trader Pro 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. Trader Max includes everything in Trader Pro and adds the live streaming dashboard: the same dealer levels drawn on a live chart as they move, a structural audit rerun at the top of each hour. You decide and initiate every trade. NoVo does not place trades, does not connect to your brokerage account, and does not exercise discretionary trading authority over your account, and it does not provide financial, investment, tax, or legal advice. The Crypto Market Map is a separate subscription covering crypto market structure — it is not included with the Trader tiers, and neither is included with it, unless purchased as the NoVo Complete bundle, which combines the products above on a single subscription without changing what any of them is. The NoVo API and MCP server are a separate product, sold at API and API Live tiers (and by arrangement for Enterprise). They serve the same market data to software rather than to a person: there is no dashboard, no desk note and no alerting in them, and a dashboard subscription does not include them, nor they a dashboard. What you may do with the data they return is set out in Section 7, and you should read that section before you build on it. A limited free tier of the API and MCP server is available with no subscription and, at our option, with no account. You access the dashboards through the member portal from any web browser; you access the API and MCP server programmatically.
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.
You trade in your own brokerage account, with a broker of your choosing. The Service does not connect to that account. NoVo Options Trading does not hold or request broker credentials or API keys, does not place, modify, or cancel orders, and does not manage positions on your behalf. NoVo Options Trading never takes custody of your funds. Your money remains in your own brokerage account, in your name, at all times, and the Service has no ability to withdraw, transfer, or move it. Your use of any 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. Except as the next paragraph provides for the API and MCP server, no other rights are granted.
Data licence for the API and MCP server. If you hold a current API, API Live or Enterprise subscription, we additionally grant you, for the term of that subscription, a limited, non-exclusive, non-transferable and revocable licence to retrieve NoVo data through the API and MCP server and to use, store and display it within your own applications, agents, research and internal reporting, including commercially. That licence is subject to the following, which are conditions of it and not merely promises: (i) you may show NoVo data to your own users as part of your own product, but you may not resell, syndicate or redistribute it as a standalone feed, dataset, file or API, and you may not put your users in a position to do so; (ii) where NoVo data reaches a third party, attribute it to NoVo Options Trading and, where the medium allows a link, link novo-options.trade; (iii) carry the qualifiers through. Our payloads state when data is delayed, which fields are withheld on the free tier, and what window a percentile was measured over. Stripping those and presenting the bare number misrepresents the data, and doing so is a breach of this licence rather than a matter of style; (iv) you may cache for operational purposes, but a cache is not an archive — you may not accumulate or distribute a historical database of NoVo data beyond what your own application needs in order to function; (v) you may not use the data to design, build, train or operate anything that competes with the Service, and you may not use it to train a machine-learning model that is distributed or made available to anyone else; and (vi) the licence ends when the subscription ends: you shall stop retrieving data and shall delete NoVo data you hold within 30 days, other than what you are required to keep by law or what is embedded in an immutable record you cannot practicably alter. Free access — with or without a free key — carries conditions (ii) to (vi) and permits personal, internal and evaluation use, including by an AI agent answering a question on your behalf; embedding free-tier data in a product you sell or distribute requires an API subscription. Nothing in this paragraph grants any right in the software, models, methods or thresholds that produce the data, which remain ours under the paragraph above.
Trader is a market-analysis tool. It does not execute or manage trades; you place every trade yourself, in your own broker. 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.
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, which the Service never had access to. Sections 4 and 6 through 14 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 Commonwealth of Virginia (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 Commonwealth of Virginia, 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.
Last updated: September 20, 2026.
Market data on this page is delayed and provided for general information only. It is not financial advice or a recommendation to trade. VIX/VXN/RVX are ~15-minute delayed (CBOE); index values use E-mini futures. Options trading involves significant risk of loss. © 2026 NoVo Options Trading LLC, d.b.a. NoVo Crypto Trading.