The Stock Option Income Generator: How To Make Steady Profits by Renting Your Stocks (Wiley Trading) - Hardcover

Friedentag, Harvey C.

Hardcover

ISBN 10: 0470481609 ISBN 13: 9780470481608

Publisher: Wiley, 2009

Synopsis

A straightforward guide to generating consistent income by selling call options on selected stocks

The Stock Option Income Generator outlines a low-stress approach to making predictable profits no matter what the state of the overall market. Harvey Friedentag, a registered investment advisor who has been successfully using this strategy for more than thirty-six years, shows how to pick stocks and then sell call options against those stocks to generate a constant source of income. With this book, you'll quickly learn to

• Make consistent profits in the stock market and increase your gains
• Protect stock holdings from price declines, cutting your losses
• Profit from big market moves as well as sideways moves
• Receive a controllable tax shelter from an option income portfolio
• Buy more stocks for less money

Friedentag's strategy is ideal for anyone who wants to generate better returns than the overall market averages, with less risk, and receive the benefits of tax-advantaged investing.

About this title

About the Author

HARVEY C. FRIEDENTAG is an investment adviser and money manager. He is certified as a Federal Court expert witness on stock trading, options, and other derivatives. Specializing in covered call writing, Friedentag has been managing money since 1986 and has consistently generated annual returns of more than 15%. He is also the author of the book Investing without Fear, which has been called, "a gem of a book for serious option writers." Friedentag serves as President of the Contrarian Investment Club in Denver, Colorado.

From the Back Cover

The proliferation of brokers, salespeople, and other investment "professionals" has given some people a false sense of security and distracted them from developing an adequate understanding of the investment discipline. And while a growing number of investors are beginning to take back control of their portfolios, without the proper approach, they're leaving the opportunity for profit purely up to luck and chance.

Nobody understands this better than author Harvey Friedentag, a registered investment adviser who has been successfully using one of the most rewarding forms of investing in existence the covered call option for more than thirty-six years. Now, with The Stock Option Income Generator, he outlines this low-risk approach to making predictable profits regardless of the state of the overall market.

Written in a straightforward and accessible style, this reliable resource will open your eyes to one of today's most effective investment methods showing you how the process of picking stocks and then selling call options against them can help generate a constant stream of income. Along the way, you'll learn how to:

• Make consistent profits in the stock market and increase your gains
• Protect stock holdings from price declines, cutting your losses
• Profit from big market moves as well as sideways moves
• Receive a controllable tax shelter from an option income portfolio
• Buy more stocks for less money

While the book opens with coverage of some fundamental issues including the basics of investing it quickly moves on to address the essential aspects of Friedentag's proven strategy and touches upon the forces that could affect its performance.

The stock market has been full of bear markets not to mention recessions before, and despite these events, a portfolio of stocks with covered option calls has turned out to be a lot more valuable over the long term than a portfolio of bonds, CDs, or money market funds. If you're determined to make the leap from a serious investor to a successful one, you don't have to learn the tricks of the trade; you have to learn the trade. The Stock Option Income Generator can help you achieve this goal and put you in a better position to generate better overall market returns, without excessive risk.

From the Inside Flap

The proliferation of brokers, salespeople, and other investment "professionals" has given some people a false sense of security and distracted them from developing an adequate understanding of the investment discipline. And while a growing number of investors are beginning to take back control of their portfolios, without the proper approach, they're leaving the opportunity for profit purely up to luck and chance.

Nobody understands this better than author Harvey Friedentag, a registered investment adviser who has been successfully using one of the most rewarding forms of investing in existence--the covered call option--for more than thirty-six years. Now, with The Stock Option Income Generator, he outlines this low-risk approach to making predictable profits regardless of the state of the overall market.

Written in a straightforward and accessible style, this reliable resource will open your eyes to one of today's most effective investment methods--showing you how the process of picking stocks and then selling call options against them can help generate a constant stream of income. Along the way, you'll learn how to:

• Make consistent profits in the stock market and increase your gains
• Protect stock holdings from price declines, cutting your losses
• Profit from big market moves as well as sideways moves
• Receive a controllable tax shelter from an option income portfolio
• Buy more stocks for less money

While the book opens with coverage of some fundamental issues--including the basics of investing--it quickly moves on to address the essential aspects of Friedentag's proven strategy and touches upon the forces that could affect its performance.

The stock market has been full of bear markets--not to mention recessions--before, and despite these events, a portfolio of stocks with covered option calls has turned out to be a lot more valuable over the long term than a portfolio of bonds, CDs, or money market funds. If you're determined to make the leap from a serious investor to a successful one, you don't have to learn the tricks of the trade; you have to learn the trade. The Stock Option Income Generator can help you achieve this goal and put you in a better position to generate better overall market returns, without excessive risk.

Edition details

• Publisher: Wiley
• Publication date: 2009
• Language: English
• ISBN 10: 0470481609
• ISBN 13: 9780470481608
• Binding: Hardcover
• Edition number: 1
• Number of pages: 336