A recognized expert on options builds from a solid foundation in the basic properties and advantages of options--listed and non-equity--to detail scores of proven techniques and tactics for a wide array of market scenarios. 30 tables, charts & graphs.
Read More
A recognized expert on options builds from a solid foundation in the basic properties and advantages of options--listed and non-equity--to detail scores of proven techniques and tactics for a wide array of market scenarios. 30 tables, charts & graphs.
Read Less
Choose your shipping method in Checkout. Costs may vary based on destination.
Seller's Description:
Good. Connecting readers with great books since 1972. Used books may not include companion materials, some shelf wear, may contain highlighting/notes, and may not include cd-rom or access codes. Customer service is our top priority!
Choose your shipping method in Checkout. Costs may vary based on destination.
Seller's Description:
Good. Connecting readers with great books since 1972. Used books may not include companion materials, some shelf wear, may contain highlighting/notes, and may not include cd-rom or access codes. Customer service is our top priority!
Choose your shipping method in Checkout. Costs may vary based on destination.
Seller's Description:
Good. Connecting readers with great books since 1972. Used books may not include companion materials, some shelf wear, may contain highlighting/notes, and may not include cd-rom or access codes. Customer service is our top priority!
Choose your shipping method in Checkout. Costs may vary based on destination.
Seller's Description:
Good. Connecting readers with great books since 1972. Used books may not include companion materials, some shelf wear, may contain highlighting/notes, and may not include cd-rom or access codes. Customer service is our top priority!
Choose your shipping method in Checkout. Costs may vary based on destination.
Seller's Description:
Good condition is defined as: a copy that has been read but remains in clean condition. All of the pages are intact and the cover is intact and the spine may show signs of wear. The book may have minor markings which are not specifically mentioned. Most items will be dispatched the same or the next working day.
I found this an excellent introduction to trading options, and it would be a valuable reference as well.
Pros:
Authoritative: Larry McMillan has traded options since the first standardized markets were set up in the 1970s. He combines a mathematician's rigor and real-world trading experience for a broad and deep understanding of options pricing and market behavior.
Specific: Almost every strategy and concept discussed is illustrated with concrete examples (using fictional XYZ stock).
Comprehensive: Covers strategies ranging from simple purchase of options to complex volatility strategies.
Cons:
Other authors have used a standard underlying for examples (always XYZ stock, always at 100). McMillan (maybe working from real-world past trades) uses various underlying prices and strikes. It's harder to compare strategies that way.
4th edition shows its age:
1. stock and option prices in fractions
2. assumes commissions are high
This skews McMillan's estimates of the desirability of some strategies in ways that are unrealistic in current markets with narrower bid-asked spreads and lower commissions.
