James F. Coyle - SUPER VOLATILITY OPTION TRADING;The Ultimate low risk useage of cheap out-of-the-money contracts to create regular income. (The MENTAL MAGIC series)

Possibly the ultimate low risk, low outlay method of playing the options market.This methodology is based on market-maker inertia. I noticed early in the piece that market makers in general were not right on the ball and in many instances lagged behind the market. I considered this to be psychologically advantageous......if I could figure a way to use it. And eventually I did exactly this. I based my options play on way-out-of-the-money contracts which were dead cheap. So I had little to lose but a lot to gain...and this is exactly what happened. The system worked brilliantly and better still it seemed that nobody anywhere had picked up on it. I even incorporated a form of insurance so that even if the market went the wrong way (and it sometimes did) I would lose very little. I only ever invested $1000 - $2000 at any one time as I treated the whole thing as a hobby but still made a living wage out of it. The best result I ever had was a $12,000 return for a $1500 outlay over a 3 day period. I eventually gave up on it all when I got remarried and my new wife objected strongly to my getting out of bed at 4am each weekday to check the American markets! Also as editor of the Australian Lateral Thinking Newsletter I had an increasing workload and I needed all my mental energies for this outside-the-box thinking. I strongly suspect that in the right hands this unique methodology could produce considerable financial windfalls. When I first started playing options many years ago I puchased a batch of hot shot trading systems that were guaranteed to make me wealthy. One of them cost me $7,500. It was a disaster. Overall I spent around $13,000 on these various systems. They were all a total waste of money. This volatility method I evolved will only cost you the price of a Starbucks coffee....so what have you really got to lose?