by Lawrence G. McMillan is the definitive Bible for options trading. Whether you are a retail investor looking to generate steady income through covered calls or an institutional trader mastering complex volatility arbitrage, this book is essential reading.
Since its first publication in the 1980s, has remained a classic, consistently updated to reflect new market products and strategies. The fifth edition, released in 2012, is a 1,072-page compendium that goes far beyond introductory concepts, providing a comprehensive reference for using options as strategic tools within an investment portfolio. options as a strategic investment fifth edition pdf reddit
Finding Lawrence G. McMillan's Options as a Strategic Investment (5th Edition) on Reddit: A Complete Guide by Lawrence G
Given that the financial markets are always evolving, it is worth considering the latest edition of the book. While the fifth edition has been the standard for over a decade, a sixth edition or a recent reprint (published in September 2023) is now available. As one German review noted, “the variety of strategies, clear structure, and wealth of practical tips make the book the first choice for anyone who wants to engage with options professionally and long-term”. Investing in the most up-to-date version ensures you have the latest market-tested tools at your disposal. Since its first publication in the 1980s, has
: Many users on Reddit's r/options suggest that the 4th edition is often much cheaper and contains the vast majority of the same foundational information if you are on a budget.
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