"Options as a Strategic Investment" by Lawrence G. McMillan is a comprehensive guide to options trading that covers everything from basic concepts to advanced strategies. The book is aimed at investors of all levels, from beginners to experienced traders.
One of the strengths of the book is its coverage of basic options concepts. The author explains options trading in a clear and concise manner, making it easy for readers to understand the basics of options trading.
Another strength of the book is its focus on advanced strategies. The author covers a wide range of advanced options trading strategies, including spreads, straddles, and collars. These strategies may be useful for experienced traders who are looking to take their options trading to the next level.
The book also covers the use of options in a variety of market conditions, including bull, bear, and neutral markets. This makes it a useful resource for traders who want to use options to manage risk and take advantage of market opportunities.
One potential weakness of the book is that it can be overwhelming for beginners. The book covers a lot of ground and may be difficult for beginners to absorb all the information. However, the author provides clear explanations and examples throughout the book, which can help make the concepts more understandable.
Overall, "Options as a Strategic Investment" is a valuable resource for investors of all levels who are interested in options trading. The book covers basic options concepts as well as advanced strategies, making it useful for both beginners and experienced traders. While it may be overwhelming for beginners, the clear explanations and examples provided by the author can help make the concepts more accessible. If you are looking for a comprehensive guide to options trading, this book is worth considering.
You should consider reading "Options as a Strategic Investment" by Lawrence G. McMillan if you are interested in options trading and want a comprehensive guide that covers all aspects of the topic. Here are some reasons why:
Comprehensive coverage: The book covers a wide range of topics related to options trading, including basic concepts, advanced strategies, and using options in different market conditions. This makes it a valuable resource for investors of all levels.
Clear explanations: The author provides clear explanations of complex concepts and uses examples throughout the book to illustrate how different strategies work in practice. This makes it easier for readers to understand the material.
Practical advice: The book includes practical advice on how to manage risk, select the right options strategy, and implement trades. This advice is based on the author's extensive experience in the options market.
Updated information: The book has been revised and updated over the years to reflect changes in the options market. This ensures that the information presented in the book is current and relevant.
Reputation: "Options as a Strategic Investment" is widely regarded as one of the best books on options trading. The author, Lawrence G. McMillan, is a well-respected expert in the field and has written numerous articles and books on the topic.
In summary, "Options as a Strategic Investment" is a valuable resource for anyone interested in options trading. The book covers a wide range of topics, provides clear explanations and practical advice, and is based on the author's extensive experience in the options market. If you want to learn more about options trading, this book is a great place to start.
