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Strategies & Market Trends : Option Spreads, Credit my Debit

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To: Tom K. who wrote (157)	6/23/1998 6:22:00 PM
From: ccportfolio	Read Replies (1) of 2317

May be a reprint of The insider's Automatic Options Strategy: How to win on better than 9 out of 10 trades by Jon Schiller. Heres the one customer review of the book on Amazon.com Average Customer Review: Number of Reviews: 1 Jeff Williams (jswill@smart1.net) , 08/03/97 A consistant step by step plan to earn a trading income Not just theory and abstract ideas, this book states a specific trading plan that I have followed and profited from. The book compares 4 or 5 ideas to compare, but then tells the reader, this is the one to follow. It involves the selling (writing) of far out of the money OEX index options, short term. Performed as the author states, it is a consistant winner with controlled downside risk. Less than 200 pages and easy to read. Other blurbs, on Options sites indicate that he does say it can be used for futures and equities as well... In the current book, he mentions Microsoft and Intel as possibilities...though he does stress that OEX is the best trading vehicle.... The book does contain non-directional (the OEX 2 sided covered short spread) and directional strategies... (basically day trading the OEX) The 2 sided cvss sounds plausible...not too difficult to find entry points... Day trading seems much more subjective and I would definitely stay away from that until I have a lot more risk capital I agree...the name of the book is a bit of a turn off...definitely sounds too good to be true...though the strategy itself seems to make sense...and I would assume easy enough to find the exact trade to make each month as long as you stick with the OEX... Have you implemented this or a similar strategy...? If so, how has it worked for you so far?

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