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Covered Calls: Consistent Cash Flow
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14 of 15 people found the following review helpful
on December 18, 2009
Verified Purchase
This book shows a simple and accurate way to make consistant money in the stock market. I read the book about 3 weeks ago and I made 16% on my first trade and the stock market has done nothing but move sideways for the entire 3 weeks. After losing large amounts of money in the stock market this book was a big help to me because it helped me to manage my risk and increased my mathmatical probability to make a successful trade. This book is not for the first time trader but if you have at least a little bit of technical traning this is a great book!!
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4 of 5 people found the following review helpful
on September 30, 2013
Verified Purchase
I bought this book hoping to glean some new insights about writing covered calls, vaguely hoping to overcome three recurrent problems with this general strategy: (1) Premiums on out-of-the-money calls tend to be small on high-quality issues, (2) issues of high quality are quite susceptible to be called away if you sell calls at strikes providing minimally acceptable premiums, and (3) if you are managing covered calls at risk for expiring in-the-money, rolling into longer-dated calls at higher strikes nearly always results in lower returns despite any hype to the contrary. For any readers with similar experience to my own, this book doesn't really address any of these problems.

What the book provides is a sketchy framework, if it can even be called a framework, for selecting covered-calls. The framework is inadequately described, to say the least. Much of the text consists of charts and other screen-dumps from websites without adequate captions. A technical indicator, apparently important to the strategy, is breezily mentioned, but instruction on its proper implementation is never provided. The author counsels that the covered call writer should focus on issues with rising stock prices. Which brings us back to the three problems mentioned above.

Someone with absolutely no idea about covered calls might learn a thing or two from this book, but if you already try to make superior returns with the strategy and wish to use it with high-quality stocks, you are probably going to be disappointed.
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1 of 1 people found the following review helpful
on October 21, 2013
The book teaches theory which is great, however for action taking you need access to a great covered call screener!
I personally use "OptionsCreme" and highly recommend it.
OptionsCreme.com
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on March 1, 2015
I enjoyed the book. It is simple to read and for a novice, like me, it presents the material in a manner that anyone can understand. One area where I am still researching is his advice to use a stop loss for protection. I have an account with Fidelity and they do not offer this feature; further, I am yet to find a broker that provides it.
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3 of 5 people found the following review helpful
on April 30, 2011
Verified Purchase
The book provides a great foundation on option trading and strategies. I was able to read the book through in less than a day and have reread a couple of times to glean additional insights. I would recommend the book to other traders.
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3 of 5 people found the following review helpful
on December 27, 2011
Verified Purchase
This is the best information of Covered Calls which I have ever seen. Short and simple written, with very practicable tips for every reader.
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