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Opening Options Trade
When our uncovered options trading system generate a new signal we state
"Suggested Entry" price witch serves as a trigger price for limit or market
order to open a short SPY options trade.
In case when our signal states the "Suggested
Entry" price as limit order:
We will open a short option trade once the SPY option trades at or above our
"Suggested Entry" price.
When SPY options specified in our
signal is traded at or above the
"Suggested Entry" price and after we receive a confirmation email from
online options brokers who autotrade our signals that order of our autotrading
subscribers are filled will indicate and we will send email alert out that we initiated the
short SPY option position at this specific price.
In some cases the "Suggested Entry Price" may not
be reached throughout an entire trading session and if it is not happened within
the time frame specified in the "Execute period" signal's parameter we will then
state that we are cancelling the signal and we will continue remaining in cash
position.
On some occasions, when options were traded at the "Suggested
entry" price but there were not enough offers to fill all orders of our
subscribers and we received an email from our online autotrading brokers that
they were able to fill orders of our autotrading subscribers only partially, we
may issue an additional signal which would indicate that we have initiated an
options trade and we have changed the "Suggested Entry" price from limit order
into market order.
In case when our signals states the "Suggested Entry" price as market order:
We will initiate a short SPY option position at the SPY option price traded right after
we send email alert out. If a signal is generated during the trading hours
then we will wait for a confirmation email from our online autotrading brokers
to see what SPY option price was available on the market. If a signal was
generated after the market closes our SPY trade opening price will be equal to
the SPY option price available at the market open on the next trading day.
DISCLAIMER: THIS INFORMATION IS INTENDED FOR EDUCATIONAL PURPOSES ONLY AND DOES NOT CONSTITUTE ANY FINANCIAL ADVICE. RISK IS INVOLVED IN ALL STYLES OF MONEY MANAGEMENT.
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