McMillan on Options
Author: Lawrence G. McMillan, Marketplace Books
List Price: $69.95
Our Price: Click to see the latest and low price
ISBN: 0471119601
Publisher: John Wiley & Sons (07 October, 1996)
Sales Rank: 11,893
Average Customer Rating: 3.71 out of 5
Customer Reviews
Rating: 5 out of 5
Exercise your option and buy this book!
As a ROP (registered Options principal) I feel I am uniquely qualified to review this book. First, understand that Larry McMillan is considered by many to be the best options mind on Wall Street (sorry Bernie Schaeffer). His knowledge of this less-than-logical derivative investment is the equivalent of Alan Greenspan’s knowledge of the economy.My assessment: this is a good book. McMillan covers virtually every aspect of options trading: history, terms, strategies, volatility, theoretical approaches, etc. I am particularly impressed by Larry’s use of historical examples to bring complicated strategies down to basic levels.
This is not to say this is an easy read. An easy investment read is Peter Lynch’s "One Up on Wall Street". McMillan on Options is more like a doctor’s guide to brain surgery: the pictures are cool but the content can be complicated. Topics covered include spreads (verts, calendar, diagonal), straddles, combos, the greeks (delta, rho, theta, vega and gamma) and strategies that employ these. If volatility is your life, and you hold a hefty position in Rolaids futures, then this book is for you. I have not read a more comprehensive, useable options book. I believe all options traders and speculators should own McMillan on Options.
Rating: 4 out of 5
Good Followup to OAASI
My first McMillan book was Options as a Strategic Investment. New investors should read that book first then move on to this one.This book goes beyond the theory and actually gets down to some real useful strategies. If you are trading options or plan to, this book is a must read.I also recommend The Option Advisor by Bernie Schaeffer and Wall Street Money Machine I, II and III by Wade Cook.
Rating: 5 out of 5
Don't Trade Options Until You Read This Book
As founder of "Traderscoach.com" I thought this book provided the reader with a realistic view of trading options.You will learn alot about options and the proper approach to trading that is necessary to be a consistant winner.
McMillion writes this book in a no-nonsense realistic style. Pay attention to what he says.
Fell FREE to visit our Web-site "Traderscoach.com" which deals with Trading Psycology as well as other material realted to trading.
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