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October 2016: two positive signals in October of 2016


Chart 1: Stock Chart in October 2016

Details of the uncovered options signals in October 2016 displayed on the QQQ stock charts above:

Signal #1

Signal:
SPY
$208 11/2016
Sell (Short)
Puts
Opened:
10/24/16
14:24
$0.96
Closed:
11/09/16
12:32
$0.50
Profit on Premium:
+47.9%

Signal #2

Signal:
QQQ
$115 12/2016
Sell (Short)
Puts
Opened:
10/24/16
14:08
$1.57
Closed:
11/18/16
09:35
$1.00
Profit on Premium:
+36.3%

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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