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Binding: HardcoverDewey Decimal Number: 332.63228 EAN: 9781576601334 Edition: 1 ISBN: 1576601331 Label: Bloomberg Press Manufacturer: Bloomberg Press Number Of Items: 1 Number Of Pages: 240 Publication Date: 2003-05 Publisher: Bloomberg Press Studio: Bloomberg Press Related Items:
Editorial Review: Product Description: For good reason, investors feel whiplashed by the markets of the past few years and are looking for sensible ways to bridge the gap between the consistency of fixed-return instruments and the upside potential of equities. New Insights on Covered Call Writing presents an investment approach that, though it has been used by some traders for thirty years, is largely unknown or misunderstood by active investors and traders. This book shows how to use this powerful investment technique for success in today's and tomorrow's markets. Most of the many professional books on options devote no more than a cursory chapter to covered calls. This book gives a complete guide to the increased control and lowered risk this technique offers active investors and traders, and will take writing covered calls from under the general umbrella of options and make it accessible to a broader range of the investing public. Average Rating:
 Rating:  - Too superficial, I didn't learn muchBefore reading this book, I already have something introductory knowledge about option from Cohen's 1. Covered call writing could be profitable. 2. Covered call writing could be risky. 3. Covered call writing need skill to choose between strike, expire, and market timing. 4. Covered call writing could be adjustable ... Read More Rating:  - New Insights on Covered Call WritingMessrs. Lehman and McMillan are excellent writers. The reason for choosing this book was my previous knowledge of Larry McMillan and his reputation in options as a teacher and trader. Moreover, my interest in purchasing this book was not so much as to "how" to write covered calls, but "when" and "why" to close out the position, and what the best strategy for writing OTM, ATM or ITM covered calls. I was pleasantly surprised as to everything covered in this book. I learned so much and I certainly had all ... Read More Rating: - very good bookVery good book on covered call writing. Gives alot of of basic info for beginners, as well as advanced techniques as well. Rating:  - Good on "How?", Not so good on "Why?"As I view it, there are two key questions relating to any complex investment strategy: 1) Why? Why should I pursue this strategy versus my current (probably simpler) strategy? 2) How? If the proposed strategy is indeed worthwhile, how can/should I implement it? This book does a reasonably good job of answering the second question, with details on how options work, and a discussion of things like getting approval to trade them, tax issues and the like. I'd read some similar ... Read More Rating: - Good if you want to play this gameThis book is an excellent primer on one of the safest form of the options game, at least from the perspective of the brokerage industry. So, if you're bored with watching your portfolio creep around at a few percent a day, you can write (sell) a call option for $100 on a $5000 investment (for example) and have a pretty good chance of keeping the 2% at the end of the month. Lehman and McMillan do an excellent job of providing return formulae and web resources for further research. But the question remains: ... Read More 
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