Let's recall two trigonometric identities:
$$
\begin{align}
\sin\gamma\cos\delta & = \frac{\sin(\gamma+\delta)+\sin(\gamma-\delta)}{2} \\ \\
\sin\gamma\sin\delta & = \frac{\cos(\gamma-\delta)-\cos(\gamma+\delta)}{2}
\end{align}
$$
So put $\theta+\alpha$ in the role of $\gamma$ and $\theta$ in the role of $\delta$. Then we have
$$
\begin{align}
\sin(\theta+\alpha)\cos\theta & = \frac{\sin\alpha+\sin(2\theta+\alpha)}{2} \\ \\
\sin(\theta+\alpha)\sin\theta & = \frac{\cos\alpha-\cos(2\theta+\alpha)}{2}
\end{align}
$$
As $\theta$ goes from $0$ to $2\pi$, this point goes twice around a circle centered at $(\sin\alpha,\cos\alpha)/2$, with radius $1/2$ (and diameter $1$).