Daniel Mollat directs this work at two groups of investors. Those who already own stocks but are not getting decent returns on their stockholdings and those who have cash invested in money market funds, passbook accounts, treasury instruments and other cash depositories where they are earning meager interest rates. This book is also directed at those who have used the covered call option trading strategy to generate income from their stocks but have had more disappointments that success.

It describes a system of using both covered calls and covered puts working together to form a formidable investment program that generates high returns for the kind of investors mentioned above. The strategy practically eliminates all risks associated with stock ownership yet still provides respectable annual rates of return. It also teaches the cash investor how to use his liquid funds in an investment system that generates returns far superior than any cash investment instrument.

What makes the book most interesting are the chapters that show actual trading examples in chronological sequence covering several months. The author has chosen a period of time when the stock market was in turmoil to demonstrate the effectiveness of this investment model. The trading examples lead the reader from his initial investment through various market conditions, making trades along the way in response to the ups and downs of the market. The series of sequential trades show how by using the methods illustrated in the book the investment system nullifies the negative forces of a wildly swinging market, the kind of market that wreaks havoc on covered call players.