The following is the statistical summary on signals generated to trade uncovered SPY options. The numbers describing the SPY uncovered options system reflect our trades over the past six and twelve months. All results are based on trade confirmations received from online brokers, and there are no back-tested trades.
System's Parameter | Past 3 Months | Past 6 Months | Past 12 Months |
Accuracy of the system |
100 % | 100 % | 80% |
Summary Returns |
+68.75 % | +68.75 % | +191.96 % |
Average return per month |
+22.92 % | +11.46 % | +16.00 % |
Average return per trade |
+68.75 % | +68.75 % | +38.39 % |
Total number of trades |
1 trades | 1 trades | 5 trades |
Total number of winning trades |
1 trades | 1 trades | 4 trades |
Total number of lost trades |
0 trades | 0 trades | 1 trades |
Average number of trades per month |
0.3 trades | 0.2 trades | 0.4 trades |
Average Strike |
$517 | $517 | $499 |
Average selling short price |
$2.40 | $2.40 | $2.18 |
Average Premium per 1 contract (opt price x 100) |
$240.00 | $240.00 | $218.00 |
Average buying to cover price |
$0.75 | $0.75 | $1.34 |
Average number of days to the expiration |
32 days | 32 days | 30 days |
Average number of days a position is opened |
21 days | 21 days | 12 days |
Number of days in cash |
71 days | 163 days | 303 days |
Autotrading |
YES | YES | YES |
Monitoring |
YES | YES | YES |
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.