Winning in the Options Market: A Streetwise Trader Shows You How to Outsmart the Pros | 
 enlarge | Author: Allan S. Lyons
Publisher: McGraw-Hill Trade
Category: Book
List Price: $44.95
Buy Used: $2.44
You Save: $42.51 (95%)
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Rating:  5 reviews
Sales Rank: 1393947
Media: Hardcover
Pages: 266
Number Of Items: 1
Shipping Weight (lbs): 1.4
Dimensions (in): 9.3 x 6.4 x 1
ISBN: 1557384312
Dewey Decimal Number: 332.63228
EAN: 9781557384317
ASIN: 1557384312
Publication Date: March 1, 1994
Availability: Usually ships in 1-2 business days
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Product Description
After conclusively demonstrating why most popular options strategies don't work, Mr. Lyons reveals in his book Winning in the Options Market, the three strategies that can produce profits year after year. Specifically: A strategy not found in any other book, this method has produced an average annual return of 74% over the last 12th years. This extraordinary approach involves buying and selling options on two different stocks that are selling for the same price; Covered portfolio writing, a strategy which has produced a return about three percent higher than conventional covered call writing; Writing naked options--by reducing the risk through diversification, this strategy historically has produced very high returns.
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| Customer Reviews:
 One of the best options strategy books May 8, 2006
A. Joseph (Woodside, CA USA)
This book is somewhat out of date. However, it has a great deal of good strategy advice on how to evaluate option positions for risk and for reward. The author provides a straightforward and clear analysis. I recommend it highly. The strategies he proposes are not for small investors interested in playing the options market with a couple of thousand dollars. To achieve adequate diversification, and minimize the impact of transaction costs, one needs to invest a minimum of 30K and better 50K-100K in one of these hedges.
Read this book and you will learn a great deal about the mathematics of risk and reward.
 Not an options-expert July 12, 2002
0 out of 1 found this review helpful
This so-called options-expert says that options have a different value for different investors. Well, that's simply not true, it doesn't matter whether you buy an option for speculative reasons, or write it to make some extra return, you can calculate the optionprice with the Black and Scholes fomula.
The author correctly states that you should buy options that are undervalued, but his buying criteria don't make any sense.
This book contains many other errors, and with this book you will definitely not outsmart the pros, as the title suggests.
 simple ,clear and to the point August 14, 1999
I started to understand things better about the why and the why not of options.Definitely recommend it to beginners.
Not what I had hoped for January 17, 1999
24 out of 25 found this review helpful
Not the worst book I have read on investments, but certainly not the best. The author spends much of the book explaining why he believes standard option trading techniques are doomed to fail in the long term, but his rationale are at best fuzzy. He does do a decent job of outlining his twist on covered call writing and portfolio hedging, but does a poor job of backing up his claims; uses a lot of statements like 'should create a greater return' than standard methods. Should? I'd like to see a bit more testing than just his gut feel. Overall, a quick read, lots of Lotus 1-2-3 spreadsheets, and some potentially useful ideas, but be prepared to work out a lot of it on your own.
 Good Starter October 5, 1998
6 out of 8 found this review helpful
I found this book insighful and informative for both the novice and experienced trader. I only failed to give it 5 stars because there appear to be a few errors in the spreadsheet code included in the appendices. If anyone has encountered the same problems I would appreciate hearing from them.
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