...Overview...

1. Fees: IT IS FREE. I might change the fee structure in the future but in that case you will receive plenty of notices ahead of the adjustment.
2. Any experienced trader can tell the real treasure in this system is not the trading of options itself but the analysis on the underlying assets: the whole equity market. So if our system starts buying calls you can also look at futures, ETFs, or even stocks that correlates strongly with the general market. But then please determine and control your own risk/reward carefully when use other trading instruments.
3. I cant tell you what your risk tolerance level is. So please, if you dont feel comfortable with our trading size please scale down before thinking our system is too risky for your taste.

Now on to the good stuff. About 99% of all trades are executed at near market close which is 4:15PM ET for index options (personally I execute my trades at 4:05pm to 4:12pm.) Although signals are sent out immediately, C2 only executes these orders in the next morning. So more often than not, the actual trading results are better due to better execution price before it gaps up in the next opening. Only when the signal changed at the absolute last moment would cause our model to open/close our position in the next morning. The signals are free at the moment until further notice.

With the core idea of relative value investing and capital movement strategy, JW Index Trading model was able to analyze the market movements and identify discrepancies and opportunities with satisfactory accuracy. Average holding period typically is less than one week, and with no more than 4 positions running at once. Currently we focus on buying index call options or futures with 5% to 8% of overall trading capital per trade to benefit from such opportunity and to limit the downside risk. With options, due to the fact that only a portion of the capital is committed to any single trade, there will be NO stop-loss being employed. Therefore, one must strickly limit the capital exposure per trade. As a general rule, our model uses 5% capital per trade for OEX options and anywhere from 6% to 8% of the overall capital per trade for SPY or DIA options. Although at times due to the low delta/high price we will be devoting as high as 13% of the capital per trade to meet our internal performance objective, it is NOT recommanded to commit more than 8% of the overall capital to any single trade. An investor who has a lower risk appetite might want to decrease the amount per trade to further limit the losses. Bottom line you should carefully determine your own risk tolerance level while using this system.

Again, almost all of the trades are executed at near market close to reflect end-of-day data. Sometimes late signal can cause the model to trade at the opening of the next morning. Signals are usually send out about 8 to 10 minutes before option market closes. Please also note that index options trades until 4:15PM ET.