Customer Reviews

Single Stock Futures: An Investor's Guide (Wiley Trading)

5 star:		(7)
4 star:		(0)
3 star:		(0)
2 star:		(0)
1 star:		(2)

 

 

I liked the strategy section of this book talking about how to use the futures in practice not just about what they are. I have used the buy-write strategy that the author talks about and have done very well so far. I just wish these contracts were more popular so the liquidity would be better.

This book is the best available on single stock futures because it not only covers the basic principles but it also reviews more advanced strategies. I was happy to see that the author covers strategies like buy-writes, pairs, and spreads rather than just a boring info manual on the new product. There is great information on how to invest using single stock futures WITH options at the same time, which I plan to use myself. Although some of the info like delta-neutral trading may be above the average investor, the book also has a complete area dealing with a basic overview and history of single stock futures. Also, there is a great section dealing with how investors can protect their portfolios using single stock futures (for hedging 401k stocks and other large equity in one company). Overall I really enjoyed this book.

I was very interested in this book as it provided a complete guide to the new product along with trading strategies. I liked the way the writer described the new trading methods and product overall very much.

This book can be summarized thus: the reasons to use SSFs are:
a. Better leverage [false with portfolio margin]
b. Tax avoidance [usually false, since the methods described by the author can be classified as "constructive sale" by the IRS]

Everything else the author says is either exchange-generated boilerplate or would work just as well with "SSF" replaced by "stock".

As far as I can tell, the main reason for the existence of SSFs in this day and age is that you can essentially do naked shorting with them [no locate is necessary]. Nothing is free, and in the case of SSFs, the spreads are much wider than for the underlying equity, plus you need to roll them, if you want to hold the position for a long time.

I have to say that I found this book very long because the language in which the author writes is very professional. The book covers strategies, overview, and other details that were very helpful in letting me understand single futures. I highly recommend this book.

I have to say that I found this book very long because the language in which the author writes is very professional. The book covers strategies, overview, and other details that were very helpful in letting me understand single futures. I highly recommend this book.

this guide was great in helping me understand single futures. I liked how they are explained in a manner of applying them to portfolios and not just technical details of the product.

This book covers more advanced strategies that were interesting like pairs and buy-writes. Also good for learning about hedging large equity holdings in a single stock. I have read all the books available right now on the topic and this one had the most substance and information.

I agreed with the guy who gave this book a star. When I saw the book, it looks good. But when I started to read it, I realized more than 50% of the book are definitions. It is way too simple.

Honestly, there aren't any good books on SSF.