Full details on how to create a stock options strategy that a 10-year back test of S&P 500 volatility showed no consecutive 12-month period when a loss occurred, including the 9/11 terrorist attack and October-November 2008 market melt-downs. Average annual gains over the back test were 36%.
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About the Author
Dr. Terry F. Allen has over 30 years of stock market trading experience, including a stint as a market maker on the Chicago Board Options Exchange (CBOE). He is a graduate of the Harvard Business School and earned his Doctorate in Business Administration at the University of Virginia, but his most valuable experience came from trading options almost every day the market was open for over 30 years. He believes that the Mighty Mesa strategy is less risky than owning stock or mutual funds, and that it is especially appropriate for IRA portfolios. He manages an options investment newsletter called Terry's Tips which carries out the strategy for subscribers.
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Most Helpful Customer Reviews
14 of 15 people found the following review helpful:
1.0 out of 5 stars
Beware!!,
By
This review is from: The Mighty Mesa: A Tested Options Strategy Designed to Never* Lose Money (and Just Might Make 36%) (Perfect Paperback)
I reviewed Terry Allen's last 36% a year book Making 36%: Duffer's Guide to Breaking Par in the Market Every Year, in Good Years and Bad As that 'tested' strategy completely blew up, he now has a new 36% strategy. Here is my review for his last strategy taken from my Amazon review:First off, the fact that this book is linked with golf is nothing more than a marketing gimmick. Worse yet, since virtually every other page has a pithy golf-related quote or two taking up an entire page unto itself, it turns out that the golf theme simply enables the author to double the amount of pages without adding anything of substance. Substance is where this booklet really fails to deliver. The actual 36% Solution comprises less than 20% of the text while the rest of it is totally generic beginners investment advice. The booklet is little more than an ad for the author's website in which he offers various options related pay subscription services. There is no long term (by that I mean ten year or more) track record for the Solution and for a good reason. Like many option strategies that involve selling puts and calls, they work well when there is little movement in the underlying stock or index, but will likely suffer huge drawdowns or total wipeouts when there is a massive short term "black swan" type of move in the market. The book is not totally worthless and there may be a place for investing in calendar spreads as a small piece of a diversified investment portfolio. If you expect this booklet to provide you with a reliable fail-safe method of earning 36% a year in all types of market, forget it. Update July, 2008: As suggested above, the large moves of the past 8 months or so have now totally devastated the 36% portfolios outlined in this booklet with massive losses to the point where the author has now discontinued offering them in his trading program. In addition, the commissions involved were an additional huge headwind. In short, an investment disaster. Avoid at all costs for your financial health! Update December 2008: The disastrous results of the author's portfolios continues. He now comes up with new portfolios after older versions crash and burn. Each time there is a justification for why the old system failed but the new system will succeed by addressing the poor design of prior versions. The latest development that has caused the portfolios to plummet in value is the decreasing of the VIX. Okay, so last year and early this year the increase in the VIX crushed the portfolios. Modified versions didn't deal very well when the VIX stayed elevated and the latest versions crash when the VIX decreases. It seem the more things change, the more they remain the same. Steer clear!! Update July 2010: Mighty Stalagmite Portfolio in his auto-trade program now down over 70% since start. Absolute disaster.
2.0 out of 5 stars
A lot of fluff.,
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This review is from: The Mighty Mesa: A Tested Options Strategy Designed to Never* Lose Money (and Just Might Make 36%) (Perfect Paperback)
A lot of this book can be found elsewhere. The "meat" of the book is contained in one chapter and it is just ok.
1 of 9 people found the following review helpful:
3.0 out of 5 stars
so far so good,
By John Mason "Mason" (Eire) - See all my reviews
This review is from: The Mighty Mesa: A Tested Options Strategy Designed to Never* Lose Money (and Just Might Make 36%) (Perfect Paperback)
Just giving it a little time to work hrough and costs included see whather it can be as regular an income
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