From Book News, Inc.
The new edition is revised to represent the latest trading vehicles and applications, including coverage of long-term equity anticipation securities (LEAPs), preferred equity redemption cumulative stocks (PERCs), neutral trading, futures options, warrants, and standard portfolio analysis of risk (SPAN). The idea, of course, is to maximize earnings and reduce risk--no matter how the market is performing. Strategy techniques and examples show how to do it. Annotation copyright Book News, Inc. Portland, Or.


Book Description
Reflecting today’s 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.


Book Info
Considered the bible of options trading. Now completely revised and updated with the latest trading vehicles and applications available today. DLC: Options (Finance)


From the Publisher
The options world has a lot to offer investors and traders alike, but it can be dauntingly hard to understand. Since its original publication, Options as a Strategic Investment has answered many a question; and each succeeding edition has answered many more. It is the options reference in our office. John Bollinger, CFA, CMT, PresidentBollinger Capital Management, Manhattan Beach, California Larry McMillan’s Fourth Edition of Options as a Strategic Investment is a must read. This latest version of his original classic presents his latest thinking on options. McMillan is truly the master of his field. John Murphy, PresidentMurphy Morris, Inc., Dallas, Texas Larry’s book is the bible of the options community. It has established the benchmark by which all other option books are compared - and none measure up. Alex Jacobson, Vice President International Securities Exchange, New York, New York Larry has taken options education into the 21st century with this book. His insights into trading concepts will always stand the test of time. Keeping up with the latest information on options is mandatory and no one does it more masterfully than Larry. Mark D. Cook, Professional Options TraderMark D. Cook Trading Instruction, East Sparta, Ohio The options product is the premier tool for managing risk, but most professionals are no longer taught about it, and individual investors shun it because of its supposed complexity. Mr. McMillan not only makes this risk management tool easy to understand, but fun to learn. Did you realize that if you own a car you own a put? Read the book and find out how you are already using options as a risk management tool without realizing it. This book should be read by everyone - professionals and individual investors alike. Thomas J. Dorsey, President Dorsey, Wright & Assoc., Richmond, Virginia The best one-stop source of understandable option information that you can act on immediately. Every serious investor should read this book. Ken and Daria DolanHeard daily across America on the WOR radio network.


About the Author
Lawrence G. McMillan 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 Thomson McKinnon Securities, he currently publishes newsletters and gives seminars on options, manages money for private clients and trades his own account.

ANNOTATION

This blockbuster bestseller--more than 100,000 copies sold--is considered to be the bible of options trading. Now completely revised and updated to encompass all the latest options trading vehicles, it supplies traders and serious investors with an abundance of new, strategic opportunities for managing their investments. Examples make clear the power of each strategy in carefully defined market condition.

FROM THE PUBLISHER

The market in listed options and non-equity option products provides investors and traders with a wealth of new, strategic opportunities for managing their investments. This updated and revised Third Edition of the bestselling options book of all time gives you the latest market-tested tools for maximizing the earnings potential of your portfolio while reducing downside risk - no matter how the market is performing. Inside this expanded edition are scores of proven techniques and business-tested tactics for investing in many of the innovative new options products available. For example, you'll find buy and sell strategies for Long Term Equity Anticipation Securities (LEAPS); a thorough analysis of neutral trading, how it works, and various ways it can improve your overall profit picture; detailed guidance for investing in Preferred Equity Redemption Cumulative Stocks (PERCS> and how to hedge them with common and regular options; an extensive overview of futures and futures options; and much more. Written especially for investors who have some familiarity with the option market, this comprehensive reference also shows you the concepts and applications of various option strategies - how they work, in which situations, and why ... techniques for using index options and futures to protect your portfolio and improve your return ... and the implications of the tax laws for option writers, including allowable long-term gains and losses. In addition, detailed examples, exhibits, and checklists show you the power of each strategy under carefully described market conditions.

SYNOPSIS

The market in listed options and nonequity option products provides investors and traders with a wealth of new, strategic opportunities for managing their investments. This updated and revised Third Edition of the bestselling options book of all time gives you the latest market-tested tools for maximizing the earnings potential of your portfolio while reducing downside risk--no matter how the market is performing.
Inside this expanded edition are scores of proven techniques and business-tested tactics for investing many of the innovative new options products available. For example, you'll find:

-Buy and sell strategies for Long Term Equity Anticipation Securities (LEAPs)
-A thorough analysis of neutral trading, how it works, and various ways it can improve your overall profit picture
-Detailed guidance for investing in Preferred Equity Redemption Cumulative Stocks (PERCS),and how to hedge them with common and regular options
-An extensive overview of futures and futures options
-and much more

Written especially for investors who have some familiarity with the option market, this comprehensive reference also shows you the concepts and applications of various option strategies--how they work, in which situations, and why...techniques for using index options and futures to protect your portfolio and improve your return...and the implications of the tax laws for option writers, including allowable long-term gains and losses.

In addition, detailed examples, exhibits, and checklists show you the power of each strategy under carefully described market conditions.

FROM THE CRITICS

booknews.com

The new edition is revised to represent the latest trading vehicles and applications, including coverage of long-term equity anticipation securities LEAPs, preferred equity redemption cumulative stocks PERCs, neutral trading, futures options, warrants, and standard portfolio analysis of risk SPAN. The idea, of course, is to maximize earnings and reduce risk—no matter how the market is performing. Strategy techniques and examples show how to do it.

Reference & Research Book News

The new edition is revised to represent the latest trading vehicles and applications, including coverage of long-term equity anticipation securities LEAPs, preferred equity redemption cumulative stocks PERCs, neutral trading, futures options, warrants, and standard portfolio analysis of risk SPAN. The idea, of course, is to maximize earnings and reduce risk—no matter how the market is performing. Strategy techniques and examples show how to do it.

Booknews