- Hardcover: 896 pages
- Publisher: Prentice Hall; 3 edition (31 Dec 1997)
- Language English
- ISBN-10: 0136360025
- ISBN-13: 978-0136360025
- Product Dimensions: 23.1 x 16 x 4.8 cm
- Average Customer Review: 3.8 out of 5 stars See all reviews (19 customer reviews)
- Amazon Bestsellers Rank: 1,182,427 in Books (See Top 100 in Books)
- See Complete Table of Contents
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Product Description
Product Description
This revised and updated edition of "Options as Strategic Investments" encompasses the latest options trading vehicles and gives traders and serious investors strategic opportunities for managing their investments. It features discussions on LEAPs (Long Term Equity Anticipation Securities), PERCs (Preferred Equity Redemption Cumulative Stocks), primes and scores, warrants and SPAN. The concept and application of the various option strategies are explained, showing how they work, in which situations and why.
About the Author
Lawrence G MacMillan is the editor of The Option Strategist Newsletter and the author of numerous articles on options and investment trading. Formerly senior vice president of the Equity Arbitrage Department at Thompson McKinnon Securities, he currently publishes newsletters and gives seminars on options, manages money for private clients and trades his own account.
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First Sentence
Each chapter in this book presents information in a logically sequential fashion. Read the first page
Front Cover | Copyright | Table of Contents | Excerpt | Index | Back Cover
Each chapter in this book presents information in a logically sequential fashion. Read the first page
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Concordance
Browse Sample PagesConcordance
Front Cover | Copyright | Table of Contents | Excerpt | Index | Back Cover
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Customer Reviews
Most Helpful Customer Reviews
4 of 4 people found the following review helpful
Format:Hardcover
This book is very good for standard derivatives strategies. However it does have some weak sides in that it cover the mathematics only briefly, does not include spreadsheet programming or option models, and it focuses mostly on more common strategies instead of customising derivatives. It describes each strategy in detail with follow-up actions, but I'd like to see more clearly if the described strategy is a Delta, Theta or Vega play as soon as I see the pay-out profile, not after digging into the text. It is still by far the best book I have read on the subject, and I'd recommend it to everyone that think they are interested in derivatives.
The book assumes some knowledge of financial markets in general and does not explain why a market goes up or down. It is only concerned with the derivatives strategies and how these are supposed to work.
3 of 3 people found the following review helpful
Format:Hardcover
Actually, this book deserves 3.5 stars, but I'm feeling generous today...
Understanding theory is not as important for MAKING MONEY in options trading as it is for analyzing results. However, this is a good reference book for investors, since a successful investor needs to be able to do dispassionate analysis.
This book's major flaws are:
1) Poor Editing. Some of the terminology is incorrect (e.g. "striking price") and the organization of the presentation could be improved a great deal.
2) Dry academic prose. No wonder successful business people love to bash academic types.
Personally, I'm more inclined to recommend reading books by William Eng, William O'Neill, and James P. O'Shaugnessey.
2 of 2 people found the following review helpful
Format:Hardcover
It's a good book but contains too many useless examples to illustrate some very simple concepts. Sometime I feel the author just wants to fill the volume to meet some kind of volume requirement. Overall it's good introductory-to-intermediate book. I think Bernie Schaeffer's "The Option Advisor" is a better choice.
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Most Recent Customer Reviews
Excellent
I bought this book after reading more than 30 books on options and watching a bunch of courses online on the subject. Then, why buy another book? Well, this is THE book on options. Read more
Published 2 days ago by G. CAMPOS
Dry and boring as heck, but required reading
This book reminds me of most of my old engineering textbooks. Really easy to fall asleep to. BUT... there is truly a wealth of information in here. Read more
Published on 20 Jun 1999
Out dated material
There was a time when Larry was the only show in town. However, those days are long gone. This book I bought and returned to the store. Read more
Published on 2 April 1999
All theory and no application - give it a miss
Terrible book. I sent it back
Published on 17 Mar 1999
Don't waste your money on this book
Not only does the book give you wrong termnologies (e.g. striking price instead of strike price) It did not show you exactly what your profit is until the 4th or 5th chapter. Read more
Published on 6 Mar 1999
Great book for learning options trading
This is a great book for acquiring an understanding of options trading and their uses in a well structured portfolio.
Published on 25 Feb 1999
This is the one I recommend to my friends
When you're done "playing" with options and are ready to "get serious" with them, this book is a must. Read more
Published on 30 Jan 1999
Not for the small trader
If you like detailed descriptions of every option strategy known to man, then this is an excellent book. Read more
Published on 6 Jan 1999
An excellent Book
I was originally doing only calls and puts before I bought this book. After reading this book, which clearly explains the concepts of spreads and straddles and other advanced... Read more
Published on 4 Oct 1998
All theory and no application
This is all theory and no application. McMillan's broker states that he loses money and make money from his books. Show us your trades and not the theory
Published on 24 Sep 1998
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