Put Options : How to Use This Powerful Financial Tool for Profit & Protection

Mark F. LaMoure, Boise, IDCaptivating. Author Jeffery M. Cohen's: "PUT OPTIONS" is a top notch, 5 Gold Star book clearly explaining Put Options for investing. I discovered Put Options to be a super effective investing tool for success. The book shows you how to use Put's for big profit, smart strategy and protection. Put's are the opposite of Call Options.Put Options are used ony when playing a stock's FALLING price line. This is opposite of Call Options, which are only used on a RISING price line. The author gives clear instructions for Put Option investing in his well written book. You'll find PUT OPTIONS to be a top shelf book, offering golden insight and ideas on Put investing.That being said, Mr. Cohen's book contains 17 chapters, each one deeply analyzing the subject of Put Options. I appreciated it when he described their powerful benefits. Jeffery gives you 8 rules that save you money and help you make smart decisions. Mr. Cohen gives you insider's secrets "They" don't want to know with ideas that are 24K Gold.Easy to understand, the well written book gives you excellent answers and important strategies to use. Cohen's book is comprehensive, has 304 pages and 4 Appendix. The book is a classic on Put investing. Its literally outstanding. I give the book a superior rating.Conclusion: PUT OPTIONS will ignite a renewed fire in your purpose to invest. I liked that Jeffery Cohen delivers a new outlook using Puts, clearly teaching you how to use powerful Put Options for higher profit. The book merits your attention. Put Option investing is a superior, powerful strategy. Recommendation: Buy the book, because its the #1 finest one I've ever seen in 12 years on Put investing. The book is for serious option traders who want to make smart money by using powerful Put strategies.

This approach works. The examples are dated but the lessons are timeless. If you can take the time to read this book you can manage your own portfolio like a pro and get better returns without paying the broker fees! Buy with confidence.

Although the concept of selling puts instead of buying stock,if and only if ,you have the money to buy the stock in the event of being exercised,is a good well proven strategy,the way it is presented in this book is exagerated and missleading.The amounts the author claims as put premiums are totally unrealistic in any normal market.In fact they would be difficult to achieve in any market.Rarely does the author ever state the time to expiration of the puts he sells which is strange,and suspicious.One can only suspect he is loading the facts to suit his thesis.The ideas presented in this book could probably be reduced to about 5 pages without loosing much.I note some of the other reviews have the appearance of being written by supporters of the author.I suspect he has made more money from selling the book than his method as presented in the book.

Here are some excerpts from my recent article at Benzinga dotcom about the pros and cons of Mr. Cohen's Put-selling methods. ""This is a 2013 synoptic review of a groundbreaking 2003 book, Put Options, by Jeffrey Cohen, featuring cash-secured Put-selling as a possible replacement for stock-buying. Although an uphill argument in 2003, the idea that Put-selling can be at least as conservative as traditional investing now seems mainstream if not hip. See the video at the TD Ameritrade affiliate TastyTrade: Liz & Jen Explain Puts."" Suggested books on Put-selling. * Put Options by Jeffrey Cohen, 2003. Mr. Cohen's book is rather wordy, mentions obsolete software and neglects ETFs.I also do not support Mr. Cohen's suggestion of 200% leverage for the average investor, or of depending on Put-buys to "insure" that leverage. As we learned in 2008, derivative underwriters may collapse if not for federal bailouts. Also, Put-sells do not qualify for long-term capital gains.Also, currently there are much simpler alternatives for the average investor. These include VEQTOR-based hedging ETFs PHDG/VQT, and high-gain ETFs GURU and PKW. If you simply balance your equity allocation between these two categories, you can expect above-S&P gains and very mild downturns. A few long-short mutual funds also do rather well with reduced downturns, such as MFADX and DGQIX. (However beware of most long-short funds which do rather poorly.)Therefore, if you are interested in Put-selling, you are expecting short-term capital gains and probably a bit more intrepid than the strategy suggested by Mr. Cohen. You might want to focus on short-term Put-sells--which are more volatile but ultimately achieve better gain without adding cash-debt leverage--and also which can be "rolled forward" in the event of a downturn.However, these possibilities are briefly mentioned by Mr. Cohen. Overall, for those interested in put-selling, Mr. Cohen's explanation remains among the most simple and yet well-rounded, if you simply take the effort to reduce the gist of each chapter to a few notes. (I have posted such notes at my complete review at Benzinga dotcom.) * Put Option Writing Demystified, by Paul D. Kadavy, 2004, 2009. A somewhat pedantic little book but which helps to clarify the pros and cons of ETFs, rolling-forward, rolling-up, rolling-down and other strategy variations. * How to Sell OTM Put Options, by Buchanan and Palmer, 2012. This book is similar to Mr. Cohen's in conservative attitude but rather different in approach. Includes a free CD with a "Buy-Back Worksheet" which might help with exit strategy. * Eventually, I suggest buying all the Put-selling books you can--after reading the negative reviews at Amazon. Even 4-star Options books often have one or two negative reviews with valid precautions.To find my complete review, Google for:"Review Of Put-Selling Instead Of Stock-Buying"

Excellent book for income oriented traders. If you can understand and adopt this philosophy you can make a living trading options. You will never intentionally own a stock long again!

This book does an excellent job at explaining Put Options and why you need to use them. You'll never just buy a stock again, selling the Put Option is ALWAYS a smarter move.

The book goes into selling puts and buying index puts as insurance. No where does it say how many months out to buy the puts or sell the puts. Very confusing. Also the formula given for number of index puts is unrealistic. Cannot recommend

You should know I'm biased. Mr. Cohen is my personal financial consultant. Over the past three years while many of my friends were losing a fortune in the market, my portfolio grew substantially thanks to the principles discussed in this book. If you can't have Jeff as your personal advisor, the next best thing to do is read his book and see how he does it. - Wm.G.Hayden,M.D.

not a balanced book. try too hard to persuade.