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Other titles in the Wiley Finance series:

McMillan on Options (Wiley Finance)

McMillan on Options (Wiley Finance) Cover

 

Synopses & Reviews

Publisher Comments:

Acclaim for the definitive guide to options trading--by the nation's top options expert

"In Options As a Strategic Investment, Lawrence G. McMillan demonstrated that he was without peer as an options strategist and educator. McMillan on Options is an outstanding sequel whose 'take-home value' for the reader goes beyond education to include a number of practical option trading approaches and techniques."--Bernard G. Schaeffer, FCAS

President, Investment Research Institute, Inc.

"Lawrence G. McMillan is an options guru par excellence. He tracks increased options volume, which often indicates a big move in the underlying stocks. Absolutely must reading for all day traders."--Yale Hirsch

1997 Stock Trader's Almanac

"Without a doubt the best options book currently available. McMillan on Options is a must-read for anyone professionally or individually interested in options."--Thomas J. Dorsey President, Dorsey Wright & Associates McMILLAN ON OPTIONS is savvy, streetwise, and always ahead of the investment curve. That's why results-hungry options traders, institutional investors, and portfolio managers made his Options As a Strategic Investment a bestseller. Now, Lawrence G. McMillan, the country's top options expert, has written his definitive guide on options trading strategies.

With revealing insights on the predictive power of options, trading systems, and strategies, both short- and long-term investors will appreciate McMillan's in-depth coverage of:

* stock, index, and futures options

* a wide range of strategies--and how they can help you make money

* numerous case studies, figures, and examples that illustrate key concepts and ideas

* the methodology of trading, from order entry to data sources

* the integration of theoretical issues with practical applications of techniques, strategies, and trading methods

* Illuminated by the author's personal options philosophy, McMillan on Options is the most up-to-date, innovative, and complete option strategy resource available.

Synopsis:

McMillan on Options is savvy, streetwise, and always ahead of the investment curve. That's why results-hungry options traders, institutional investors, and portfolio managers made his Options As a Strategic Investment a bestseller. Now, Lawrence G. McMillan, the country's top options expert, has written his definitive guide on options trading strategies. Information is the most vital tool an investor can possess, and McMillan on Options is packed with thorough, up-to-date coverage of pricing strategies, hedging techniques, options philosophy, volatility, and risk control. In short, exactly the information you need to stay on top in a continually evolving marketplace. This eagerly awaited book illustrates how to establish self-contained strategies, substitute options for other instruments, and protect your position-whether it's in stock, index, or futures options. McMillan will help you discover ways of applying options that you may not even be aware of. With revealing insights on the predictive power of options, trading systems, and strategies, both short- and long-term investors will appreciate McMillan's in-depth coverage of:

* stock, index, and futures options

* a wide range of strategies-and how they can help you make money

* numerous case studies, figures, and examples that illustrate key concepts and ideas

* the methodology of trading, from order entry to data sources

* the integration of theoretical issues with practical applications of techniques, strategies, and trading methods

Illuminated by the author's personal options philosophy, McMillan on Options is the most up-to-date, innovative, and complete options strategy resource available.

Synopsis:

From the nation's top options expert and best-selling finance author--the very latest strategies in option trading

McMillan on Options is like Buffett on stocks--savvy, street-wise, and always ahead of the investment curve. Which is why results-hungry options traders, institutional investors, and portfolio managers snapped up more than 100,000 copies of his first book, Options as a Strategic Investment, and tens of thousands more exhaustively study his three advisory newsletters. In this eagerly-awaited book, one of the financial world's leading market makers reveals the very latest in options pricing strategies and hedging techniques. Traders will welcome the definitive coverage of volatility, pricing strategies, hedging techniques, and, of course, the author's personal options philosophy.

LAWRENCE G. McMILLAN (Randolf, New Jersey) is the editor of The Option Strategist Newsletter. He writes a weekly investment advisory letter, Hedged Options Strategies, and as well as Thompson MacKinnon's Options Letter, and How to Make Money with Stock Options. He was formerly senior vice president of the Equity Arbitrage Department at Thomas MacKinnon Securities.

About the Author

LAWRENCE G. McMILLAN is the President of McMillan Analysis Corporation. He authors "Daily Volume Alerts," a unique daily fax service, which selects short-term stock trades by looking for unusual increases in equity option volume. He also edits and publishes The Option Strategist, a derivative products newsletter covering equity, index, and futures options. He has spoken on options strategies at many seminars and colloquiums in the United States, Canada, and Europe. In addition, he trades his own account actively in the options markets. He was formerly Senior Vice President in charge of the Equity Arbitrage Department at Thomson McKinnon Securities, Inc. Mr. McMillan currently resides in Randolph, New Jersey.

Table of Contents

List of Figures.

1 Option History, Definitions, and Terms.

Underlying Instruments.

Option Terms.

The Cost of an Option.

The History of Listed Options.

Option Trading Procedures.

Electronic Trading.

Exercise and Assignment.

Futures and Futures Options.

Influences on an Option’s Price.

Delta.

Technical Analysis.

2 An Overview of Option Strategies.

Profit Graphs.

Outright Option Buying.

Using Long Options to Protect Stock.

Buying Both a Put anda Call.

Selling Options.

Spreads.

Ratio Strategies.

Summary.

3 The Versatile Option.

Options as a Direct Substitute for the Underlying.

Options as a Proxy for the Underlying.

The Effect of Stock Index Futures on the Stock Market.

The Effect of Index Futures and Index Option Expiration on the Stock Market.

Options as an Insurance Policy.

The Collar.

Hedging with Over-the-Counter Options.

Using Volatility Futures as Portfolio Insurance.

Summary.

4 The Predictive Power of Options.

Using Stock Option Volume as an Indicator.

Using Option Prices as an Indicator.

Implied Volatility Can Predict a Change of Trend.

The Put–Call Ratio.

Futures Options Volume.

On Moving Averages.

Summary.

5 Trading Systems and Strategies.

Incorporating Futures Fair Value into Your Trading.

Day-Trading Vehicles.

The TICKI Day -Trading System.

A Short-Term Trading System.

Intermarket Spreads.

Other Seasonal Tendencies.

Summary.

6 Trading Volatility and Other Theoretical Approaches.

Volatility.

Delta Neutral Trading.

Predicting Volatility.

Comparing Historical and Implied Volatility.

Trading Implied Volatility.

The “Greeks.”

Trading the Volatility Skew.

The Aggressive Calendar Spread.

Using Probability and Statistics in Volatility Trading.

Expected Return.

Summary.

7 Other Important Considerations.

Support Activities.

Trading Methodology and Philosophy.

Option Trading Philosophy.

Summary.

Appendix A: Listed Index and Sector Options.

Appendix B: Futures Options Terms and Expirations.

Appendix C: Option Models.

Index.

Product Details

ISBN:
9780471119609
Author:
McMillan, Larry
Author:
McMillan, L. G.
Author:
McMillan, Lawrence G.
Publisher:
Wiley
Location:
New York :
Subject:
Investments & Securities
Subject:
Investments & Securities - Options
Subject:
Options (finance)
Subject:
Options
Subject:
Investments & Securities - General
Subject:
Finance
Subject:
Trading
Copyright:
Edition Description:
Hardcover
Series:
A Marketplace Book
Series Volume:
54
Publication Date:
20041004
Binding:
Hardback
Grade Level:
General/trade
Language:
English
Illustrations:
Yes
Pages:
592
Dimensions:
9.31x6.33x1.46 in. 2.10 lbs.

Related Subjects

Business » Accounting and Finance
Business » Investing » Options

McMillan on Options (Wiley Finance)
0 stars - 0 reviews
$ In Stock
Product details 592 pages John Wiley & Sons - English 9780471119609 Reviews:
"Synopsis" by , McMillan on Options is savvy, streetwise, and always ahead of the investment curve. That's why results-hungry options traders, institutional investors, and portfolio managers made his Options As a Strategic Investment a bestseller. Now, Lawrence G. McMillan, the country's top options expert, has written his definitive guide on options trading strategies. Information is the most vital tool an investor can possess, and McMillan on Options is packed with thorough, up-to-date coverage of pricing strategies, hedging techniques, options philosophy, volatility, and risk control. In short, exactly the information you need to stay on top in a continually evolving marketplace. This eagerly awaited book illustrates how to establish self-contained strategies, substitute options for other instruments, and protect your position-whether it's in stock, index, or futures options. McMillan will help you discover ways of applying options that you may not even be aware of. With revealing insights on the predictive power of options, trading systems, and strategies, both short- and long-term investors will appreciate McMillan's in-depth coverage of:

* stock, index, and futures options

* a wide range of strategies-and how they can help you make money

* numerous case studies, figures, and examples that illustrate key concepts and ideas

* the methodology of trading, from order entry to data sources

* the integration of theoretical issues with practical applications of techniques, strategies, and trading methods

Illuminated by the author's personal options philosophy, McMillan on Options is the most up-to-date, innovative, and complete options strategy resource available.

"Synopsis" by , From the nation's top options expert and best-selling finance author--the very latest strategies in option trading

McMillan on Options is like Buffett on stocks--savvy, street-wise, and always ahead of the investment curve. Which is why results-hungry options traders, institutional investors, and portfolio managers snapped up more than 100,000 copies of his first book, Options as a Strategic Investment, and tens of thousands more exhaustively study his three advisory newsletters. In this eagerly-awaited book, one of the financial world's leading market makers reveals the very latest in options pricing strategies and hedging techniques. Traders will welcome the definitive coverage of volatility, pricing strategies, hedging techniques, and, of course, the author's personal options philosophy.

LAWRENCE G. McMILLAN (Randolf, New Jersey) is the editor of The Option Strategist Newsletter. He writes a weekly investment advisory letter, Hedged Options Strategies, and as well as Thompson MacKinnon's Options Letter, and How to Make Money with Stock Options. He was formerly senior vice president of the Equity Arbitrage Department at Thomas MacKinnon Securities.

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