Risk Disclaimer
Trading options involves substantial risk and is not suitable for everyone. You can lose all of the money you put into a trade, and with some strategies more. Only trade with money you can afford to lose.
Education only
SPX Wave is an educational charting tool. It is not investment, tax or legal advice, and it is not a recommendation to buy or sell any security or option. SPX Wave is not a registered investment adviser, broker-dealer or commodity trading advisor. Its signals are general and impersonal and do not consider your financial situation, goals or experience.
Options risk
Options are complex instruments. Buyers can lose the entire premium paid. Sellers of credit spreads can lose up to the width of the spread minus the credit received. Uncovered (naked) option sellers face losses that can be much larger. Before trading options, read Characteristics and Risks of Standardized Options, published by the Options Clearing Corporation and available from your broker.
0DTE risk
Options that expire the same day (0DTE) carry added risk:
- Prices can swing sharply within minutes as expiration approaches.
- A position can move from profit to maximum loss very quickly.
- Fast markets can widen bid-ask spreads and make it hard to exit at the price you expect.
- Holding into the close can produce an outcome you didn't plan for. SPX options are cash-settled, and settlement is final.
Signals can be wrong
No indicator predicts the market. SPX Wave signals, dots, direction and momentum readings, and move estimates are based on past and current market data and on rules we designed. They can be wrong, late or missing, and they will produce losing trades. A signal is not an instruction to trade.
Past and hypothetical results
Past performance does not guarantee future results. Examples on this site, including the sample charts and lessons, show how the indicators behaved on specific days. They don't account for your entries, exits, position size, commissions, slippage or emotions, and they may not be typical.
Hypothetical or simulated results have inherent limitations. Unlike an actual performance record, they do not represent actual trading, and they may under- or over-compensate for factors such as liquidity. No representation is made that any account will or is likely to achieve profits or losses similar to those shown.
Data and platform
The indicators run on TradingView and depend on its data and availability. Market data and other third-party inputs may be delayed, incomplete or inaccurate. Outages or script changes can stop signals from appearing when you expect them.
Your responsibility
You are solely responsible for your trading decisions and their results. Consider speaking with a licensed financial professional before trading. By using SPX Wave you accept these risks and agree to the Terms of Use.
Trademarks
S&P 500® and SPX are trademarks of S&P Dow Jones Indices LLC. TradingView is a trademark of TradingView, Inc. Cboe® is a trademark of Cboe Exchange, Inc. SPX Wave is operated by MIRAK LLC and is not affiliated with, endorsed by or sponsored by any of them.