Average Reviews:
(More customer reviews)Appears selling calls may have been to slow for the author. He's figured out that he can make more money and faster by selling books and software subscriptions. And, even more money selling the same book to you twice. "Cash for Life" is a ripoff of his previous work "Covered Calls and Naked Puts". With the exception of his "Visions" methodology, it is literally word for word. Is it ethical to plagiarize your own work? It's like a student turning in the same work to two different teachers. While he may have updated his options trading examples and added a new methodology, this "new book" (to use the term loosely) should have been released as an updated edition to the earlier book. At the least, it should have been disclosed in the book's promotion and on his website. Could he have possibly given a discount to a buyer that had also purchased "Covered Calls and Naked Puts"?
His earlier book, "Covered Calls and Naked Puts", was a fair primer in selling covered calls. So, why didn't the author take this opportunity to introduce his "Visions" in a more advanced book with a new storyline. It would have been nice to see deeper discussions his investment reasonings rather than just rely upon his mathematical models. Here are some ideas. A chapter on "alternatives to letting yourself get assigned" (ie. covering the call; rolling forward, upward or downward; or buying it back when it premium is well below its initial sale and there is still significant time left til expiration) would be worthwhile even if this isn't the author's trading style. Also, a chapter on the "tax implications of options" should be included since there are some pretty obscure tax rules out there; they have their own variations of what is considered short-term and long-term transactions. And, what about the "wash-sale rule"? Is this something the options investor/trader needs to consider? I'll let you field that one Ronald.
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