eShop USA > Books > Options as a Strategic Investment
Options as a Strategic Investment
Availability: Usually ships in 24 hours
List Price: $85.00Our Price: $53.55 You Save: $31.45 (37%)Prices subject to change.
Customer Reviews
Rating:  - Best options book for intermediate level - very practical
I've browsed/read a number of equity options related books and this is the best one I've come across for someone that is kind of at the intermediate level. It's very much a "how to" book that goes really in-depth on strategy. Almost as if the author were reading your mind, he addresses what the options trader/speculator is thinking and breaks everything down in a nice, simple manner. For instance, he has sections on what the alternatives and their pros and cons are if you have an option that has moved in-the-money and what things you need to consider. This book focuses on strategy, application, and practice...not much, if at all, on theory (Black Scholes, etc.) and that's what I like so much about this book.
Rating: - The Best Reference Book on Options
I won't say I've read every book on Options out there, but I've looked at a range, from the very complex, full of calculus equations and whatnot, to the very simple, and to my mind, this is the best out there. First of all, it is very thorough and well organized. It goes step by step through virtually every option strategy, analyzing the various payoffs, follow-up actions if the market goes against you, etc. It is written clearly and concisely, with lots of examples. One reviewer says it's too complicated. If you think this book is too complicated, then you simply should not be trading options. Period. Another critic says there are too many examples. Yes, there are a lot of examples, and if you find you understand the concepts the author describes just fine without the example, then you'll probably just skip them. However, if there is something you don't quite get, the examples are a real help. I think some reviewers were hoping for a book that would tell them how to get rich in a few months trading options. Well, good luck, and let me know when you find it. But for a terrific reference that every serious amateur will go back to time and again, then this book should be the first on your Options bookshelf.
Rating:  - Paperback mistake?
In the description of the book, I think an error was placed saying " (Paperback - January 23, 2003) ". Check all the books by Mcmillan, and you'll see two version of Option as Strategic Investment, one is the 'book', the other, cheaper, is the workbook.
The 'book' is about 2" thick, quite heavy on the arms! The contents are precise. For each strategies, e.g. long/short call/put, spreads, ect..., Mcmillan explains their definitions, their reasons, their advantages, their pitfalls. This is purely a 'theory book'. If you have an opinion on the market (bullish/bearish/neutral), and want to see different spread strategies possible that could apply to your trading, this is a great book to read. If you want to find out what the floor traders do with your order, are they fair, or try to skim off your order, or try to manipulate the price..., you will not find it here.
p.s.: (I gave 4 stars because one should never give 5 :p )
Rating: - Anything you want to know about Options is here
This is the most comprehensive book written on options and its strategies. There is nothing missing in here. The book covers all the strategies and each includes all the calculations needed to figure out what you have at risk. After reading this book I was able to calculate margin requirements, profit, loss, and risk.
Rating:  - Paperback version is ONLY a workbook
Please note, if you order paperback, it is not the text of the hardback version, but only problems to work on.
Featured Listmania!
| |
 |
