Options as a Strategic Investment | 
 enlarge | Author: Lawrence G. Mcmillan
Publisher: Prentice Hall Press
Category: Book
List Price: $85.00
Buy New: $44.95
You Save: $40.05 (47%)
New (21) Used (9) Collectible (1) from $44.94
Avg. Customer Rating:  73 reviews
Sales Rank: 37857
Media: Hardcover
Edition: 4 Sub
Number Of Items: 1
Pages: 1001
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
Shipping: Expedited shipping available
Condition: WOW! Mint condition + FREE BOOK with purchase: "Keeping a Cool Head in a Hot Market" (a $10, 40 page e-book). Prompt shipment, in business since 1975.
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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: Read 68 more reviews...
 The Book to Read for Option Trading Strategies January 6, 2009
This book has helped me make money as well as avoid losing money once in trades that have turned against me. The book does go into some of the basics, but as it moves through some of the more advanced trading concepts, I found re-reading to be the best way to fully understand the strategy. What is most valuable is the author's discussions on how to reposition your option trades as price deterioration sets in. Prior to the book, I would have just taken the loss and moved on. The point here is that there are alternatives with options and the book is a great reference for this. It is a must read for anyone moving toward option trading.
Great Book IF you can THINK November 28, 2008
1 out of 1 found this review helpful
Great Book , eplains everything in a no nonsense easy to understand wording, BUT if you don't know the basics or not to familiar with investments in general this book will be wasted on you, I've read some chapters 3 or 4 times now and learn and re-learn something new everytime I read (re-read) it, thanks Mr. McMillan you did a great job putting this together.
This is a Money Maker July 19, 2008
1 out of 1 found this review helpful
I am only 100 pages into this book and it has already made me money. (My review is based on the hardcover not the workbook) I have been investing my own retirement funds for years and have dabbled in options from time to time.
I was focused on one strategy and didn't think of all the others. Mr. McMillan provides good examples of all the strategies and refers back to previous charts to reinforce his points. My options trading is now more focused because of the discussion on the discipline and psychology of trading.
At first I was hesitant about paying $50 for a book but it made me 8 times that much in one day. I would recommend this book to anyone who already knows what an option is. While the book starts with the basics it quickly moves on to strategies. Mr. McMillan I may be retiring a bit earlier than I thought. Great book!!!!
"Food for Thought" June 20, 2008
2 out of 2 found this review helpful
Don't get me wrong, I do like the book but the author has an annoying habit of providing an example to illustrate every point that he makes. The book has 962 pages of main text including the appendix but there is really only about 100 - 200 pages of commentary - the remainder is constituted by the authors examples. You can read the book to the exclusion of the examples.
The author, McMillan,is an experienced arbitrageur and therefore does not focus on directional trading. The first 410 pages concerns option strategies. EXAMPLE: buying and selling calls and puts, 3 advanced strategies for professionals, calenders and butterflies.
He describes each strategy then suggests follow-up action to apply if the trade goes right or wrong EXAMPLE: leg out, roll down, roll up, roll out, adjust the delta neutral ratio, close the trade.
He then states how to select the best option for the strategy EXAMPLE: " stock nearing striking price initially, 2 to 4 months remaining until near term expiration, near term straddle price at least two - thirds of long term straddle price" (page 354)
He then applies the option strategies to different markets EXAMPLE: futures, structured products, stock indexes.
The author also discusses pricing models however Sheldon Natenberg's book "Option Volatility & Pricing" provides a superior discussion to that of McMillan.
I recommend the book.Options as a Strategic Investment
More relevant than any other review here May 29, 2008
1 out of 2 found this review helpful
I worked at Larry's office for over 3 years and anyone who would rank this book a 1 or 2 simply doesn't have the mental capacity to be a true options trader. First of all, I left his office only because I wanted to get out of sales. I still trade options and the lessons I learned from him and his books are used daily. I read people's review about his presentation style and it makes me laugh at how people want to be sold. They want to be duped by a con artist guru so bad and don't even realize it. Larry is a former mathematical programmer turned Wall Street trader - not broker. What do you expect from someone like that? Believe it or not, Larry likes to sell him seminars, books etc. simply for exposure and to get out of his office to have a beer with like minds. Anyone who likes an option book because it's an easy read is a schmuck!
Nate - Nashville
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