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March 2011: Two Signals - more than 60% of profit on premium for each


Chart 1: Stock Chart in March 2011

Details of the uncovered options signals in March of 2011 displayed on the stock charts above:

Signal #1

Signal:
QQQ
$54 4/2011
Sell (Short)
Puts
Opened:
03/25/11
15:36
$0.31
Closed:
04/01/11
09:44
$0.10
Profit on Premium:
+67.7%

Signal #2

Signal:
SPY
$127 4/2011
Sell (Short)
Puts
Opened:
03/25/11
15:38
$0.75
Closed:
04/01/11
09:30
$0.24
Profit on Premium:
+68.0%

Risk Statement:

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.

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