Options As a Strategic Investment (4th Edition Study Guide) [Paperback]

Lawrence G. McMillan (Author)

Editorial Reviews

About the Author

Lawrence G. McMillan is the editor of The Option Strategist Newsletter and the author of numerous articles on options and investment trading. Formerly senior vice president of the Equity Arbitrage Department at Thomson McKinnon Securities, he currently publishes newsletters and gives seminars on options, manages money for private clients and trades his own account.

Product Details

• Paperback: 176 pages
• Publisher: Prentice Hall Press; 4 edition (February 2002)
• Language: English
• ISBN-10: 0735202389
• ISBN-13: 978-0735202382
• Product Dimensions: 9.2 x 6.4 x 0.5 inches
• Shipping Weight: 10.4 ounces (View shipping rates and policies)
• Average Customer Review: 3.3 out of 5 stars  See all reviews (11 customer reviews)
• Amazon Best Sellers Rank: #39,327 in Books (See Top 100 in Books)

More About the Author

Lawrence G. McMillan is the author of Options As a Strategic Investment, the best-selling work on stock and index options strategies, which has sold over 200,000 copies. The fourth edition of this work was released in March, 2002. In addition, he has written two other books, McMillan On Options (2nd edition, 2004) and Profit With Options and co-authored another, New Insights On Covered Call Writing. He currently authors a unique daily advisory service - Daily Volume Alerts - 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, as well as "The Daily Strategist", covering much the same strategies but on a daily basis. In addition, he trades his own account actively, and he manages option-oriented accounts for certain individuals. In these capacities, he is the President of McMillan Analysis Corporation, which he founded in 1991.

Mr. McMillan is the recipient of the Sullivan Award for 2011, awarded by the Options Industry Council in recognition of his contributions to the Options Industry.

He has spoken on option strategies at many seminars and colloquiums in the United States, Canada, and Europe. He also writes frequently and is quoted in publications such as Barron's, Technical Analysis of Stocks and Commodities, Data Broadcasting's "Exchange" magazine, Futures Magazine, theStreet.com, and Active Trader Magazine.

Mr. McMillan received the prestigious Joseph W. Sullivan Award in 2011, recognition of outstanding contributions to the U.S. options industry.

Prior to founding his own firm, Mr. McMillan was a proprietary trader at two major brokerage firms. He began his Wall Street career as the retail option strategist at Thomson McKinnon Securities, Inc., from 1976 to 1980, and then traded the firm's proprietary account beginning in 1980. From 1982 to 1989, he was a Senior Vice President in charge of the Equity Arbitrage Department. Following that, he was in charge of the Proprietary Option Trading Department at Prudential-Bache Securities in 1989-90. In those positions, he traded the firm's own money - primarily in advanced option strategies and risk arbitrage at Thomson McKinnon, and primarily in convertible Euro-bonds and Japanese warrant arbitrage at Prudential.

He initially worked for Bell Telephone Laboratories in Whippany, NJ, from 1972 to 1976. He also published a weekly newsletter, entitled "Hedged Option Strategies" from 1974 to 1976.

Mr. McMillan holds a B.S. degree in mathematics from Purdue University (1968) and an M.S. in applied mathematics and computer science from the University of Colorado (1972).


Contact Information
McMillan Analysis Corp., PO Box 1323, Morristown, NJ 07962
800-724-1817
Fax: [phone]
email: [e-mail]
web site: www.optionstrategist.com

Customer Reviews

Most Helpful Customer Reviews

18 of 21 people found the following review helpful:

5.0 out of 5 stars Don't Think, READ!, July 1, 2009

By 

Aidan McDowell (Las Vegas, Nevada) - See all my reviews

This review is from: Options As a Strategic Investment (4th Edition Study Guide) (Paperback)

I'm amazed at the responses to this book, which is clearly identified as a STUDY GUIDE! That means it's not a paperback version of the hardcover book, which should come as no revelation to those who choose to buy it. Indeed, look at the number of pages. What many of these reviewers need is not a book on options trading, but a course in reading comprehension.

8 of 11 people found the following review helpful:

5.0 out of 5 stars A Good Investment For Learning More About Options, June 26, 2007

By 

Terrence J. Schuh "Terry" - See all my reviews
(REAL NAME)   

This review is from: Options As a Strategic Investment (4th Edition Study Guide) (Paperback)

This book is written in clear, easy to understand language with examples that go further to clarify what a specific strategy/technique is. It is not a boring, academic book. The only drawback that I have run into is that the commissions for trades are far in excessive of what is available through internet brokerages. The impact is that sometimes the book will stress that commissions will make a big difference in outcome whereas that is not generally true in my experience. I immediately learned about using in the money covered calls that either produce income or significantly lower the cost per share of a security and profitably but this to use.

2 of 3 people found the following review helpful:

5.0 out of 5 stars Authoritative souce for options, December 30, 2010

By 

Suzanne - See all my reviews

Amazon Verified Purchase

This review is from: Options As a Strategic Investment (4th Edition Study Guide) (Paperback)

Requested gift item from MBA family member who considers this the "bible of options." He opened the book immediately and read thru the holiday. This finance book is large and heavy and arrived in perfect condition, appropriately packaged.