The Secret of Writing Options by Louise Bedford

The writing of options in a sideways market is one of the few safe and effective ways to generate income for those with a blue-chip portfolio or a margin loan drawing capacity. “The Secret of Writing Options” by Louise Bedford is designed to guide interested readers in this field. This book provides detailed guidance on the subject of writing covered calls and puts to generate income. Louise Bedford takes a conservative approach concentrating on practices to protect the investor from loss. Both writing options on existing stock and undertaking a 'buy and write’ strategy are covered in detail however, this publication is not for those wishing to trade options on the options market.

The major topics covered in this book are:
· the benefits of writing options;
· a detailed explanation of the nature of call and put options;
· the stocks to use;
· an appreciation of both the buyer's and seller's perspectives;
· an analysis of pricing issues;
· an introduction to candlestick and trend charting;
· strategies to use;
· taking dividends into account; and
· putting your knowledge into action.

Learning "the secret of writing options" is assisted throughout the book by examples drawn from the Australian market, well-structured chapters, review questions at the end of each chapter, and a comprehensive glossary. I found this book to be an excellent read and a practical guide to the writing of options.

Louise Bedford: Australian Professional Trader

Louise Bedford is considered within trading circles to be a trading genius. She has been trading profitably for almost twenty years and currently trades from her home in Melbourne. She is in high demand as a keynote speaker on the science of trading, and she holds degrees in Psychology and Business from Monash University, the knowledge of which she applies to her trading principles.

Louise Bedford not only trades profitably but also educates others on trading and the secrets of her success. She conducts workshops and seminars throughout Australia, and is the author of the following trading publications: Trading Secrets, Charting Secrets, The Secret of Candlestick Charting, and The Secret of Writing Options. These books by Louise Bedford contain the foundation of strategies that have been implemented by numerous successful traders. They are a must read for serious traders, and those about to dip their toe into the trading world.

A sign of her true success is that many other authors of trading quote her works within their respective publications. Quite an achievement and compliment.

Many traders owe a great deal of gratitude to Louise Bedford for their success as the information she shares is priceless. I certainly fall into this category of individuals.