There were only two trading signals (one for QQQ and one for SPY) generated in September as market indexes were trending flat at their long-term resistance level. High odds of a reversal down from this important level made the system to wait for a highly conservative and short-lived options signals.
Signal: | SPY $283 9/2019 | Sell (Short) Puts |
Opened: | 09/05/19 10:26 | $0.67 |
Closed: | 09/10/19 16:00 | $0.30 |
Profit on Premium: | +55.2% | |
Signal: | QQQ $181 9/2019 | Sell (Short) Puts |
Opened: | 09/05/19 10:04 | $0.60 |
Closed: | 09/09/19 10:59 | $0.30 |
Profit on Premium: | +50.0% | |
Naked options trading is very risky - many people lose money trading them. It is recommended contacting your broker or investment professional to find out about trading risk and margin requirements before getting involved into trading uncovered options.