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Closing Trade


There are three ways to close a short option position:

  1.  If we issued a "Suggested Exit" price and the option is now trading at or below this price, we will buy back the option to close out our short position. The trade exit price is usually equal to the "Suggested Exit" price. In situations where the market opens significantly below the "Suggested Exit" price, the actual trade exit price may however be substantially lower.

  2.  We may change a "Suggested Exit" price and issue an "at the market price" in its place. If we made a change to our "Suggested Exit" price during trading hours, we will close out the short position at the market close. If the "Suggested Exit" price was however altered after the market close, we will liquidate our short position at the market open on the following trading day.

  3. If we stated a "Suggested Stop-Loss" price and our short options trade at or above this level, we will close out our short position and take a loss.


 


Best Months

Apr 2008:

 +224%

Mar 2008:

 +241%

Feb 2008:

 +341%

Dec 2007:

 +227%

Nov 2007:

+167%

Oct 2007:

+127%

Jan. 2007:

 +83%

Nov. 2006:

+122%

Oct. 2006:

  +71%

Aug. 2006:

  +74%

July 2006:

  +73%

Mar. 2006:

  +75%

Based on actual trades autotraded by major brokers

Uncovered SPY Options Signals
Past 6 Months

+451%

-12%

Our
Signals
Buy
& Hold

As of 7/4/2008

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DISCLAIMER: THIS INFORMATION IS INTENDED FOR EDUCATIONAL PURPOSES ONLY AND DOES NOT CONSTITUTE ANY FINANCIAL ADVICE. RISK IS INVOLVED IN ALL STYLES OF MONEY MANAGEMENT. Uncovered options trading involves grater risk than stock trading. You absolutely must make your own decisions before acting on any information obtained from this Website.

The return results represented on the web site are based on the premium received for the selling options short and do not reflect margin. It is recommended to contact your broker about margin requirements on uncovered options trading before using any information on this web site. Use our "
Trade Calculator" to recalculate our past performance in relation to the margin requirements, brokerage commissions and other trading related expenses. Past performance is not indicative of future results.
   
 

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Risk Statement: Naked options trading is very risky, many people lose money trading and losses can exceed the amount invested.

 

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7/4/2008 - SV1
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