Legendary trader Larry McMillan does it-again-offering his personal options strategies for consistently enhancing trading profits
Larry McMillan's name is virtually synonymous with options. This "Trader's Hall of Fame" recipient first shared his personal options strategies and techniques in the original McMillan on Options. Now, in a revised and Second Edition, this indispensable guide to the world of options addresses a myriad of new techniques and methods needed for profiting consistently in today's fast-paced investment arena. This thoroughly new Second Edition features updates in almost every chapter as well as enhanced coverage of many new and increasingly popular products. It also offers McMillan's personal philosophy on options, and reveals many of his previously unpublished personal insights. Readers will soon discover why Yale Hirsch of the Stock Trader's Almanac says, "McMillan is an options guru par excellence."
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Required reading for all investors
This is the bible when it comes to using Options to speculate or to protect the value of your portfolio without trying to 'time the market' and trade constantly (racking up taxes, commissions, losses, and loss of dividend income).
Read John Murphy's "Technical Analysis of the Financial Markets"--the bible when it comes to the self-fulfilling prophecy of market behavior--to understand what's going on, then this to protect your investments' value and/or increase leverage.
Whatever level of risk/reward you're comfortable with, this book can explain how to develop and analyze a strategy to trade within the limits you need.