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.
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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
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Seller's Description:
Very good. Connecting readers with great books since 1972! Used books may not include companion materials, and may have some shelf wear or limited writing. We ship orders daily and Customer Service is our top priority!
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Seller's Description:
PLEASE NOTE, WE DO NOT SHIP TO DENMARK. New Book. Shipped from UK in 4 to 14 days. Established seller since 2000. Please note we cannot offer an expedited shipping service from the UK.
Choose your shipping method in Checkout. Costs may vary based on destination.
Seller's Description:
PLEASE NOTE, WE DO NOT SHIP TO DENMARK. New Book. Shipped from UK in 4 to 14 days. Established seller since 2000. Please note we cannot offer an expedited shipping service from the UK.
Choose your shipping method in Checkout. Costs may vary based on destination.
Seller's Description:
Very good. Connecting readers with great books since 1972! Used books may not include companion materials, and may have some shelf wear or limited writing. We ship orders daily and Customer Service is our top priority!
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.
