| Options as a Strategic Investment |  | Author: Lawrence G. McMillan
Publisher: Prentice Hall Press
Category: Book
List Price: $85.00
Buy New: $46.99
as of 9/3/2010 16:45 CDT details
You Save: $38.01 (45%)
New (24) Used (21) from $43.43
Seller: evilnicegirl
Rating:  77 reviews
Sales Rank: 19,662
Media: Hardcover
Edition: 4 Sub
Pages: 1001
Number Of Items: 1
Shipping Weight (lbs): 3.6
Dimensions (in): 9.5 x 7.4 x 2.2
ISBN: 0735201978
Dewey Decimal Number: 332.63228
EAN: 9780735201972
ASIN: 0735201978
Publication Date: January 1, 2001
Availability: Usually ships in 1-2 business days
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Product Description
Reflecting todays market realities and the new innovative options products available, this fourth edition features an in-depth analysis of volatility and volatility trading; updated information on all stock option strategies, reflecting recent market conditions; buy and sell strategies for Long Term Equity Anticipation Securities (LEAPs); detailed guidance for investing in the growing field of structured products; the latest developments in futures and futures options; and the market impact of the most recent changes in the margin rules. Packed with graphs and charts to clarify profit and loss potential, margin requirements, and criteria for selection of a position, this classic remains an indispensable resource for investors determined to master the world of options--and profit.
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| Customer Reviews:
Showing reviews 1-5 of 77
 Very entertaining August 27, 2010
Steven (Pasadena, CA)
I don't need to add much to the already quite thorough coverage of this book by the other reviewers. I just want to emphasize to anyone shy about plunging into this book on the grounds of potential boredom that it is not at all boring. McMillan is such an eloquent writer and explains every aspect of the subject matter with such refreshing, dazzling clarity, that this book is a real joy and treat to read. Does it read like a novel (to follow up on another reviewer's comparison)? No, I'd say better! It's such a great feeling to have one's questions answered, to read along and become curious about some sideline consideration, and then to have that curiosity addressed, as if the author could read the minds of his future readers. This is an amazingly thorough book and a fascinating survey of the vast and often abstruse world of options. At McMillan's hand, the subject becomes crystal clear, great fun, and very practical.
From a beginner...love it! A must have. July 3, 2010
William H. Harrison (GRETNA, NE, US)
2 out of 2 found this review helpful
I am new to options, but I use this book as my primary reference as I go up the options steep learning curve. In my options class, the instructor recommended this book as the "gold standard" for options investing, and he has 25 years of experience. I love it and refer to it very often when I need more deep insights. A beginner may get lost in some parts, but overall, it's a perfect reference. It covers all the basics and goes deep into the advanced trading strategies, with a lot of theory and statistics to back it up (for example, the famous Black-Scholes valuation model is explained in depth). There are two whole chapters on implied volatility! I highly, highly recommend this book if you are serious about options and/or futures. It is not for the faint-hearted! It's a deadly serious, information packed text and will help you in no small measure. Get it!
Heavy on Theory but Short on Applications June 14, 2010
Layton Livingston (Mobile, AL)
I was not sure whether to buy this book due to the many reviews indicating that it is more focused on theory than applications. I decided to borrow it from the local library and will have to say that I agree with this observation. This book serves more as a theoretical reference for the many option strategies available rather than a how to book to actually implement those strategies. Picking the right stocks as well as the effect of stock technical picture is almosed completely glossed over.
My experience as a small independent trader has demonstrated that I can be quite profitable using simple option strategies. Many try to complicate their trades by trying to cover all possible outcomes to reduce risk , unfortunately that cuts down significantly on potential profits when taking commissions and slippage into account.
Having said that I found that this book can serve as a reference to remind me of the risk profile of each strategy as well as the theory behind it. If combined with books that focus more on application as well as factoring the stock's technical picture into the mix, it can be a good addition to your library
Options as a Strategic Investment - McMillan April 6, 2010
Lukas Hrdlicka (Prague, CR)
1 out of 1 found this review helpful
This book is the definite essential that every option trader should read. McMillan covers whole area of information including basics, strategies, mathematical background, volatility and even alternative background of options. Every step is written very simply and it is very easy to understand so sofisticated instrument which options are. Frankly, I am looking forward to reading his next book.
Options Trading October 12, 2009
Everyman (Pennsylvania)
1 out of 1 found this review helpful
Excellent book for anyone interested in trading stock options.
It covers the subject A to Z with many examples. The cost of the book was money well spent.
Showing reviews 1-5 of 77
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