Options as a Strategic Investment Review and Edition Comparison

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.

Disclosure: This post contains affiliate links from Amazon and TradingView. As an Amazon Associate, I earn from qualifying purchases. This means that if you click on these links and make a purchase, I will receive a small commission at no extra cost to you.

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.