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 Frequently Asked Questions

General

  1. What will e-Opts.com do for me? Why should I join?
  2. How many accounts do you get as a subscriber?
  3. What are the system requirements for e-Opts?
  4. Will I be trading with real money?
  5. Does e-Opts use real market quotes?
  6. How close is e-Opts to the real market?

Pricing

  1. How much does e-Opts.com cost?
  2. Can you explain the e-Opts.com pricing model?

Trading

  1. How many trades can you make per month?
  2. Does e-Opts.com accept GTC and DAY orders?
 
 

What will e-Opts.com do for me? Why should I join?
 
Click to view the reasons to join e-Opts.com.
 
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How many accounts do you get as a subscriber?
 
The number of accounts that you can have is dependent on which subscription level you've signed up for. You can view e-Opts.com pricing model here.
 
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What are the system requirements for e-Opts?
 
Click the link to view e-Opts.com system requirements
 
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Will I be trading with real money?
 
NO, ABSOLUTELY NOT! e-Opts.com is a MARKET SIMULATION designed to allow subscribers to practice options trading with NO RISK. All transactions are simulated and use simulated funds. There are NO REAL SECURITIES BEING TRADED!
 
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Does e-Opts use real market quotes?
 
YES! e-Opts.com partners with leading market data providers to obtain real, 20 minute delayed, stock and options quotes. Quotes are updated continually throughout the day and your orders will fill based on live quotes, NOT end-of-day figures.
 
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How close is e-Opts to the real market?
 
Although we have tried our best to build a realistic simulation of the real market, e-Opts.com is just that, A SIMULATION! We CANNOT and DO NOT GUARANTEE that the results you obtain here will predict or reflect results that you will make when trading with real funds in the real market!

That being said, we feel that e-Opts.com is a reasonable simulation of how the market behaves. It will GREATLY benefit you in keeping track of your paper trading efforts while you practice and perfect your market trading strategies.

 
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How much does e-Opts.com cost?
 
You can view e-Opts.com pricing here.
 
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Can you explain the e-Opts.com pricing model?
 
You can view e-Opts.com pricing model here.

Each of the subscriber levels is designed to use different amounts of the system's time. For subscribers who want to practice a little, there are cheaper options that use the system less. If a subscriber wants to use the system a lot, that option is available too.

Think about it this way, if a subscriber enters a good 'till cancel (GTC) order, the order will remain open for 30 days or until the option the order is interested in expires. During that 30 day period, the market will be open for roughly 22 of them, allowing for weekends. So, taking into account the fact that orders are checked every 5 minutes throughout the day, we get:

1 check/5 minutes * 60 minutes/hour = 12 checks/hour
7.5 hours/market day * 12 checks/hour = 90 checks/market day
90 checks/market day * 22 market days = 1980 checks ON THIS ONE ORDER ALONE!

That's a lot of processing, and, our model attempts to charge users fairly for their potential usage.

 
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How many trades can you make per month?
 
The number of trades you can make per month depends on which subscription level you've signed up for. You can view e-Opts.com pricing model here.

There are three measurements for a subscriber's trading activity:

  1. The number of open orders at ANY ONE TIME: This means, for example, that if you have a 'Premium' level account that you can have 20 orders open at any one time. So, once you reach this limit, the system will not allow you to place any more orders until one (or more) fills, expires, or is cancelled. You'll then be able to place new orders until your open total is 6 again.
  2. The number of orders placed in ANY ONE MONTH: This is a cumulative measure per month and will be reset on the first day of each month. Once you've reached your limit, you won't be allowed to place any more orders until next month or until you change your subscriber level.
  3. The number of fills in ANY ONE MONTH: similar to the number of orders per month.
 
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Does e-Opts.com accept GTC and DAY orders?
 
Yes, e-Opts.com accepts both GTC and Day orders. However, because of open order limits that are determined by the subscriber level you choose, we encourage you to use Day orders unless you really need a GTC order. This also allows the system to operate more efficiently.
 
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Options involve risk and are not suitable for all investors. Prior to buying or selling an option, a person must receive a copy of Characteristics and Risks of Standardized Options (ODD). Copies of the ODD and OCC Prospectus are available from your broker, by calling 1-888-OPTIONS, or from The Options Clearing Corporation, One North Wacker Drive, Suite 500, Chicago, Illinois 60606.

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