RE: Jon Schiller's book "The 100% Return Options Strategy"

["Neil Harrington" <njh@xxxxxxxxx>]

I agree with Tom. I also bought Schiller's first book a few years ago and
was one of those beginners baptized by fire into what a "90%-winner" naked
strangle was all about! I didn't appreciate that lesson.

I hope his new book lays a little more reality out. The idea seems sound
though.

Neil

|  -----Original Message-----
|  From: Tom Teitsworth [mailto:teits@xxxxxxxxx]
|  Sent: Thursday, June 18, 1998 4:16 PM
|  To: Omega-List
|  Subject: RE: Jon Schiller's book "The 100% Return Options Strategy"
|
|
|  Subject: Jon Schiller's book "The 100% Return Options Strategy"
|
|  Has anyone else read this book?  I got my copy from Windsor
|  Books, for about $55.  I would like to exchange opinions
|  with other purchasers/readers by email.
|
|  Mark,
|
|  I used to do a lot of this type of trading. I bought Schiller's
|  first book when it came out since it basically covered the type
|  of trading I had been doing for some time. I remember thinking as
|  I read it that there was the chance of a novice setting up some of
|  those uncovered strangles and actually believing that 9 out of 10
|  would be winners. Trading like that can be high stress when the
|  heat is on... If this new book advocates buying contracts further
|  out for protection, that sounds like a good idea for safety.
|
|  Tom T.
|