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This is not a novel. It’s a manual. You can jump to the chapter on "Straddles" when you need it, then flip to "Tax Considerations" (yes, it covers that too). The appendices include Greek formulas, a glossary, and even option symbology.
McMillan doesn’t just list strategies; he dissects them. You’ll find everything from basic covered calls and protective puts to esoteric plays like the ratio spread, the iron condor, the reverse Christmas tree, and the gut spread. Every strategy includes: options as a strategic investment 6th edition
The previous editions of McMillan’s masterpiece were written in an era of phone brokers and floor trading. The 5th edition touched on the early internet boom, but the arrives in a world defined by zero-day-to-expiry (0DTE) options, meme stock volatility, and algorithmic market makers. This is not a novel
In the volatile landscape of modern finance, few books achieve the status of "timeless classic." Even fewer manage to update themselves enough to remain relevant across four decades of market evolution. Lawrence G. McMillan’s Options as a Strategic Investment is the exception. Now in its , this 1,000+ page tome is not merely a reprint with updated examples; it is a complete overhaul of the quintessential guide to derivatives trading. The appendices include Greek formulas, a glossary, and
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