We define "Execute Period" as the time span (in number of days) within which a trade must be initiated. If a short option's price does not reach the "Suggested Entry" price (or trade below it) within this stated period of time, the original signal will be cancelled. In most cases in the "Execute Period" we state "until the end of the day" which mean that if a short QQQ or SPY options trade is not initiated by the end of the trading session then this signal is automatically cancelled.
Options trading is considered as very risky type of investments and usually our trading signals are not intent to remain in position for a prolonged period of time. Therefore, the signal's "Execute Period" prevents our trading system from opening a trade when the market doesn't move in the favor of generated signals. With options trading it is always better to review a non-executed signal and generate a new signal than shay in old signal and wait when market gives you a chance to open a position.
Important: A trading signal that does not lead to the initiation of a trade will always be cancelled. Changing market conditions may prompt us to issue a new trading signal together with a new "Suggested Entry" price. A new signal will always cancel out a previous signal.
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.