Naked Puts: Power Strategies for Consistent Profits

by Ernie Zerenner, Michael Chupka

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Product Description
Are you ready for the secrets of a reliable, income-generating strategy in stock options? Then you are ready to learn about selling naked puts -- a conservative strategy that allows investors to earn premium on bullish and neutral stocks and acquire stock at a discount. You may have heard rumors that trading naked puts is risky, but these rumors are outdated; the reality is that naked puts have the same risk-reward tolerance as covered calls, one of the most conservative of strategies. The naked put position allows an investor to take advantage of a neutral to bullish market sentiment without actually buying shares of stock. This practical guidebook, rich with illustrations and theoretical and real life examples will help you: Learn general and specific rules for researching naked put trades. Determine which stocks are most suitable for the naked put strategy. Learn focused criteria to help select the best trade for your goals. Gain management techniques and exit strategies for any situation. Start reading to discover how selling naked puts can generate income in your portfolio right now.

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Average Customer Review: 1 out of 5 stars

7 of 7 people found the following review helpful:

1 out of 5 stars

Save your time and money, 2008-05-05
If you are thinking about becoming a paid member of the authors' website this book may be for you. The book explains how to use the web site for picking option plays and tracking them. The cost is $59.95 per month.

If you are looking for a book that explains how to trade naked puts, this is not the book for you. The information supplied is very basic. A better book to learn the basics is The Options Playbook.

If you want a good book that explains how to sell naked puts and use covered calls to generate cash, I highly recommend the book Generate Thousands in Cash on your Stocks Before Buying or Selling Them: Third Edition. This book not only has many real life examples of actual trades, it will also get you excited about doing similar trades that work. I have been using the method and it does work.

One other comment about the book Naked Puts. The last chapter summarizes how much you would have made if you followed the option trades that the software recommended for one year from April 2006 to April 2007. Under the moderate strategy you would have made an annual return of 10.4%, under the conservative strategy you would have earned 6.2% and under the agressive strategy you would have lost -2.4%. These returns did not include brokerage which would reduce them. The number of trades that you would have made during this time frame was astronimical, 83 for moderate, 233 for conservative, and 184 for aggressive.

I can tell you from personal experience, you can do a lot better than these returns.

Save your money and your time.

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