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Options as a Strategic Investment Review and Edition Comparison

Updated: Oct 18

Options trading can be a complex and challenging field. Among the plethora of resources available to navigate it, Lawrence G. McMillan's Options as a Strategic Investment stands out as an invaluable guide.

This article will take a closer look at the pros and cons of this acclaimed book and delve into the key differences between its 4th and 5th editions.

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About the Author: Lawrence G. McMillan

Lawrence G. McMillan is a renowned expert in options trading. With a reputation for conveying complex trading strategies in a digestible format, he has significantly contributed to the field, making options trading accessible to a wide range of investors.

options as a strategic investment review

Overview of Options as a Strategic Investment

Options as a Strategic Investment offers a comprehensive guide to understanding and implementing options trading strategies. It explores a broad range of topics, from the basics of options contracts to complex trading strategies, making it an essential resource for anyone interested in trading options.

Pros of Options as a Strategic Investment

  • Comprehensive coverage: The book provides a broad overview of options trading, making it a one-stop-shop for traders of varying levels of expertise.

  • Practical examples: McMillan employs numerous real-world examples, reinforcing theoretical concepts with practical applications.

  • Expert guidance: Given McMillan's respected position in the field, the book brings authoritative insights to the reader.

Cons of Options as a Strategic Investment

  • Length: As a comprehensive guide, the book is quite extensive, which may be overwhelming for beginners.

  • Currency: While still highly relevant, the book could benefit from updates to reflect the latest options trading innovations.

  • Nuances: Certain intricate aspects of options trading are not covered as extensively as others.

Reader Reviews and Reception

The book has been well-received by readers and reviewers alike. Here are a few notable quotes:

  • "This is the ultimate book on options and well worth the cost and effort to read it." - Amazon reviewer

  • "Options as a Strategic Investment is an excellent resource for anyone who wants to learn more about options trading." - Investopedia

  • "This book is a must-read for anyone who is serious about options trading." - The Options Industry Council

Options as a Strategic Investment - 4th vs. 5th Edition Compared

When it comes to choosing between the 4th and 5th editions, it's important to note the key updates introduced in the latter:

  • Latest market changes: The 5th edition reflects recent changes in the options market and introduces new options products and margin rules.

  • New chapters: Topics such as volatility skew and portfolio margin are covered in the 5th edition, offering readers more in-depth knowledge.

  • Expanded explanations: The 5th edition includes more detailed discussions of concepts and strategies, making it beneficial for both beginners and seasoned traders.

While the 5th edition provides a more current and comprehensive resource, the 4th edition remains a valuable introduction to those new to options trading.

Options as a Strategic Investment Review | Bottom Line

Options as a Strategic Investment by Lawrence G. McMillan is a comprehensive guide to understanding and implementing options trading strategies. While it's a substantial read, its depth of coverage and practical examples make it a valuable resource. If you're serious about options trading, the 5th edition, with its latest updates and in-depth discussions, would be a worthwhile investment.

Further Reading

Interested in exploring more resources on options trading? Check out our listicle on "The Best Options Trading Books," which provides an array of resources for both beginners and advanced traders in the field of options trading.

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