McMillan on Options (Wiley Trading): Amazon.co.uk: Lawrence G. McMillan: Books

Product Description

Legendary trader Larry McMillan does it–again–offering his personal options strategies for consistently enhancing trading profits

Larry McMillan′s name is virtually synonymous with options. This "Trader′s Hall of Fame" recipient first shared his personal options strategies and techniques in the original McMillan on Options. Now, in a revised and Second Edition, this indispensable guide to the world of options addresses a myriad of new techniques and methods needed for profiting consistently in today′s fast–paced investment arena. This thoroughly new Second Edition features updates in almost every chapter as well as enhanced coverage of many new and increasingly popular products. It also offers McMillan′s personal philosophy on options, and reveals many of his previously unpublished personal insights. Readers will soon discover why Yale Hirsch of the Stock Trader′s Almanac says, "McMillan is an options guru par excellence."

From the Inside Flap

The McMillan name is virtually synonymous with options. Over the years, this legendary trader’s popular and informative books, newsletters, and seminars have helped both new and seasoned investors use options to consistently enhance their trading profits.

McMillan first shared his personal options philosophies and techniques in the original McMillan on Options. Now, in this revised and expanded Second Edition, he reveals a number of new approaches for success in today’s fast–paced and ever–changing investment arena.

By exploring both the flexibility and predictive ability of options, this highly revised resource will show you the best new ways to apply options to everyday trading situations. You’ll quickly learn how to establish self–contained strategies, substitute options for other financial instruments, and protect your positions–whether in stock, index, or future options. More importantly though, you’ll receive a complete education in the exciting new products that are popular with investors, from single–stock futures and exchange–traded funds to LEAPS and the brand new volatility futures.

Backed by over 100 case studies, updated charts, and new examples, McMillan on Options, Second Edition:

Illustrates how a stock can be "pinned" to a striking price at expiration, what causes it, and when to expect it
Discusses put–call ratio charts and theory on individual stocks
Examines how to use volatility indices as an accurate market predictor
Adapts trading systems and strategies–such as intermarket spreads and seasonal trading systems–to the realities of a new market environment
Presents advanced approaches to options trading, including the concepts of expected return and Monte Carlo probability simulation
Offers guidance for those who need to find reliable options trading data and tools online

This timely Second Edition also expands on discussions regarding the NYSE as a faulty indicator, the history of market volatility, and the importance of buying and selling volatility.

Readers can now gain a unique insight into McMillan’s personal philosophy on options, and discover the innovative new tactics and strategies he applies to his own trading and analysis. Packed with hands–on examples and techniques that address hedging and volatility–plus fresh new pricing concepts–this comprehensive and updated work will help you understand and unleash the full power of options.

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3 of 3 people found the following review helpful

Intermediate to Expert text on Options 6 July 1999

By A Customer

Format:Hardcover

Having never traded options before but having an engineering background, I found the text as dry as my college engineering textbooks, but as informative as ever. I finally got the hang of it by the last chapter, and found it more informative reading the second time.

I CANNOT IMAGINE TRADING OPTIONS W/O A FULL UNDERSTANDING OF THE CONCEPTS HE PRESENTS. It is not, however, intuitive to the novice options trader. It may take reading a second time to get the hang of it.

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1 of 1 people found the following review helpful

A must book for every options on futures trader. 22 Jan 1999

This book explains virtually every type of options trades possible in today's markets. Just like any other endeavour worth doing, do your homework and learn from the best. There is no better way to learn anything in the world. McMillan is definately "the" authority on options. Enough said.