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Strategies & Market Trends : How To Write Covered Calls - An Ongoing Real Case Study! -- Ignore unavailable to you. Want to Upgrade?


To: tiloup who wrote (6494)1/18/1998 7:16:00 PM
From: Greg Higgins  Read Replies (1) | Respond to of 14162
 
Norman Damiani writes: a friend lent me a copy of Bernie Schaeffer's book "the Option Advisor". How does this book compare to the McMillan book and others.

Shaeffer's book appears much more of a technique book, than say McMillian's Options as a Strategic Investment. McMillian on OPTIONS appears to be a more folksy version of his other book where he tries to show more how to use options, rather than analysing and explaining the characteristics of basic option trades. I have McMillian on OPTIONS on the shelf, I intend to read it as soon as I get past the visually disturbing layout.

Shaeffer's book I've also skimmed, as I indicated above, it seems to me to be alot like this forum. Here we discuss how we do covered calls, Shaeffer discusses how he trades options, how he identifies the stocks, manages money, etc. He does not analyze the characteristics of option trades extensively. I get the impression he buys a lot of puts and calls.

All of the various books out there offer something; it wouldn't surprise me to find I have 50 books on investing in my personal library and most have given me something new to think about.

Of course, none of these books discuss how to locate, analyse and make money off of risk-free option hedges. Maybe I should write a book, Higgins on Hedges, How to Identify and Trade Options with No Principle Risk and 40% ROI. Think it would sell?