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Profit with Options Essential Methods for Investing Success
ISBN: 0471225312     Date Published: 2002-05-15     Author(s): Lawrence G. McMillan, Marketplace Books
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Hardcover
Wiley
276 Pages
 
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Last Update:
06/20/2013 01:26:03
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Editorial Review - Book Description:
A comprehensive guide for beginners by the leading authority on options
Whether the markets are moving up or down, options remain one of the most attractive instruments for all investors. Profit with Options is a beginner`s guide to trading options, delivered in clear and engaging manner by options guru Lawrence McMillan. Starting with a basic explanation of terminology, McMillan explains complete trading methodologies with chapters on direct and contrary indicators, protecting a stock portfolio, and trading volatility. The `Q&A` section in each chapter offers readers a chance to test their knowledge in real life trading situations. Whether you are looking for new investment sources in a bear market or seeking hedge protection in a bull, Profit with Options is a lively, one-stop reference and vital tool.
Lawrence C. McMillan is the President of McMillan Analysis Corporation. He publishes the newsletter The Option Strategist and the innovative fax service `Daily Volume Alerts,` updating investors on unusual increases in equity option volume. He is the author of the bestselling Options as a Strategic Investment and McMillan on Options (Wiley: 0-471-11960-1).
 
Customer Review:
Total Reviews: (7)
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39 of 40 People found the following review helpful.

Sloppy editing makes it difficult to learn from this book, November 27, 2003 By A Customer This review is from: Profit With Options: Essential Methods for Investing Success (Hardcover) Profit with Options seems to have been thrown together from a series of talks, with little attempt at editing. The book is replete with mistakes that render the book useless to a novice options trader and frustrating to read for an expert. The figures are particularly bad, with incomplete or incorrect legends. On page 9, for example, are shown profit graphs for puts and calls. One problem is that the graph for calls is labeled "Put purchase" and the graph for puts refers to buying a call. This is worse than useless to a beginner because it is flat out wrong, and makes the expert wonder whether anything else in the book is sufficiently reliable to trust. Another problem with this figure is that neither graph has any numbers on the axes. Poor labeling of figures renders indecipherable many of the figures in Chapter 2, which deals with options as direct indicators. Figure 2.1, for instance, does not provide dates on the X-axis, so when the text says something about what...
 
17 of 17 People found the following review helpful.

Pricey, some good stuff, January 11, 2006 ByJ. G. "J. G." (USA) - See all my reviews This review is from: Profit With Options: Essential Methods for Investing Success (Hardcover) This book could probably be considered the Chevy in McMillan's fleet, with McMillan on Options and Options as a Strategic Investment standing as the Cadillac and Corvette, respectively. It's a worthwhile addition, but if you're new to McMillan, you'd probably be better-served by one of his more well-known works. This is a relatively short book that provides some tools for using options as direct or contrary indicators, and actual strategies for employing options to profit off expected movement in price or volatility. The book also provides some good guidelines for evaluating indicators like the put/call ratio (index and equity-only), VIX (old VIX, now VXO), and how to interpret volume in an options chain for possible signs of predictive insider trading. Later chapters get a little more complicated, covering some strategies for volatility buying and selling, etc. The "workbook" end of this volume is rather thin, basically comprised of 12-20 questions at the end of...
 
15 of 15 People found the following review helpful.

Not worth the price, January 25, 2005 BySriram Ganesh - See all my reviews This review is from: Profit With Options: Essential Methods for Investing Success (Hardcover) I have read McMillan's other books and found them interesting and educational. But this book does not have any eyeopening material. If you are a beginner in options then this is not for you; if you are not a beginner then this book is not for you also. You probably know how volatility affects option prices etc., The author has just filled the pages with many historical charts of stocks. Instead he could have just illustrated his points with a couple of charts for each topic. Instead of a book this just deserves to be a booklet.
 
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