NOS service provides access to the QQQ and SPY uncovered options signals. There are three types of subscriptions to these signals:
Web Alert * | Email Alert | Autotrading | |
AT Signals | Right after a signal change | Right after a signal change + Summary after the market closes | Yes |
Signals | Right after a signal change | Right after a signal change + Summary after the market closes | No |
Reports | Right after a signal change | After the market closes | No |
* Changes on the members' signals web page
As we already mentioned above both subscription assume access to exactly the same signals. No matter what subscription from these two, you will receive exactly same email alert that will be sent to you at exactly the same time (right after any changes in the signal occurs) and on the members' signals page you will see exactly the same signals.
The only difference is that "NOS - Naked Options AT Signals" subscribers may autotrade our newsletters. When our subscribers apply for autotrading our newsletters with a broker, the broker sends us a request to confirm the subscription to the autotrading signals and if you are subscribe to "NOS - Naked Options AT Signals" we will confirm autotrading and if you subscribe to any other level we will not confirm autotrading.
Basically if you intend to use our newsletters for autotrading the "NOS - Naked Options AT Signals" subscription would be a good choice and if not then "NOS - Naked Options Signals" would be cheaper to use.
"NOS - Naked Options Reports" has access to exactly the same signals as other subscribers. The only difference with this subscription is that you will not receive email alerts right after a signal is issued or any signal changes occurs. You will only receive a summary email after the market close.
In general our system generates 2-4 signals a month with 2-15 days staying in the position on average. The majority of our signals still could be used at the market open on the next trading day and in some cases a trade could be opened at a better price and in some cases at a worthier price. Note - we do not track history of using our signals at the market open on the next trading day after it was generated and we may not say whether our system performs better in real time or at the market open on the next trading day.
The signals on the web site are updated right after any signal is generated or any changes in the signal occurs. And if you spent time in front of a computer during the trading hours and it is not necessary for you to be informed by email about signal changes, this subscription would be cheaper to use.
This subscription could be used by those who are not capable to open or close a trade during trading hours due to various reasons including a full time job. In this case a subscriber can check the signal changes after the market close (on the web or from email) and make a decision to follow or not with the signals and whether to place an order to be executed on the next trading day. There are several trading strategies that could be used in this case.
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.