Subject: Re: An options strategy
Damn. I had written a critique on the book, but ditched it as perhaps being too harsh. But now I gotta resurrect it. Sorry, Mark19.
You can read it for free with Amazon Prime. Took me about 1 1/2 hours.

Read some of the negative reviews. "There’s about two pages of useful information in the whole book and a lot of fluff for volume. It feels like the author wrote every thought that went through her head."
The kindle book is 289 pages long. The useful information is about 1/2 page long -- scattered throughout 100 pages. No focus whatsoever.

She spent a lot of time making an analogy of options on houses to stock options. As if *everybody* throughly understands what the heck options on houses are. </snark>

She evidently "discovered" the 50/200 day moving average as a trading signal. Fantastic. As if that was some new remarkable thing. Couple of dozen pages going through that in excruciating detail.

The laid out rules for the strategy are mentioned only in passing. No clear-cut rules to follow, mainly "for example" handwaving. Also impossible rules like "what strike to buy?"
A: The strike about 40% ITM with Time Value less than 1%. Which, in fact, does not exist. The DEC'2024 200 call has TV ~= 1%. That's like 60% ITM.

She does mention "buy DITM SPY call at least 1 year to expiration with delta close to one." That is one sentence n the midst of a paragraph on page 107 of 289. In the middle of examples of doing options on a $1,000,000 house. No focus whatsoever.

She has another book about how to make money, buying DITM puts, in a bear market.
Alas, not free. What do you want to bet it's the same thing only with puts in place of calls?

This should probably really be on the Mechanical Investing board.