Order from a Major Online Bookstore
Ultimate Book Price Comparison Engine
Save Your Time And Money
| AnyBook4Less.com | Order from a Major Online Bookstore |
|
| Home | Store List | FAQ | Contact Us | | ||
| Ultimate Book Price Comparison Engine Save Your Time And Money |
||
 |
Title: New Insights on Covered Call Writing: The Powerful Technique That Enhances Return and Lowers Risk in Stock Investing by Richard Lehman, Lawrence G. McMillan ISBN: 1-57660-133-1 Publisher: Bloomberg Press Pub. Date: May, 2003 Format: Hardcover Volumes: 1 List Price(USD): $39.95 |
Average Customer Rating: 4.33 (9 reviews)
Rating: 3
Summary: NOT YOUR FIRST BOOK ON COVERED WRITING
Comment: This is probably not the first book you want to buy if you are like most stock investors who are trying to grasp covered writing and get started for yourself. It was written by a good technician, not a great teacher. I have no doubt that everything said in this book is accurate, but much of the information presented is on the fringe of what is necessary for most covered writers to learn how to get the job done. For me, a more simplified, step-by-step discussion on "how" would have helped with less discussion on "why." For those who want it, the technical aspects are done in great detail (e.g., 1. much discussion about Black Scholes valuation formula, 2. an enormous amount of space devoted to going back in history to demonstrate that covered writing can match returns of simple buy-and-hold stock ownership. Why spend time and space on this when knowledgeable investors are saying that stock performance in the next decades won't be anything like the past ones?). There are sections devoted to subjects that don't have anything to do with covered writing, but unfortunately less than one page was given to covered writing on Exchange Traded Funds and hot items like the QQQ. For me at least, I thought that the implementation section was the least useful part of the book. This book might help if you are interested in some of the more complex and esoteric aspects.
Rating: 4
Summary: Good, but not good enough
Comment: I expected a bit more from these authors. There is a wealth of data (too much) showing the viability of this strategy. This book provides convincing evidence that covered call writing is an excellent strategy - a stratgy I discovered last year after reading THE SHORT BOOK ON OPTIONS, which I also recommend.
The short book goes deeper into the basics of options. Lehman's book is for the more advanced options student.
Read both books and adopt this investment strategy. You won't be sorry (based on my profitable first year of using options)
Rating: 5
Summary: excellent discourse on covered call writing
Comment: an excellent guide to understanding covered call writing. as a retiree and never having written covered calls, i am convinced it is an opportunity for conservative investors offering potential returns competitive with stock ownership alone and better returns than those available on bonds. mr.lehman covers all aspects, from underlying stock selection, selecting good covered writes, web sites offering all sorts of data and even tax consequences as structured by IRS.
Thank you for visiting www.AnyBook4Less.com and enjoy your savings!
Copyright� 2001-2021 Send your comments
