If you're interested in options trading, whether as a beginner or an experienced trader, "Options as a Strategic Investment" is an essential resource. We highly recommend this book to anyone seeking to develop a strategic approach to options trading.
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Someone who owns the physical book but wants a searchable PDF version to quickly reference Greeks or specific spread adjustments while at their trading desk. If you're interested in options trading, whether as
: It is often compared to an advanced college textbook . Users recommend having a basic understanding of calls and puts before diving in, as the concepts are deep and require patience . : It is often compared to an advanced college textbook
Published decades after the first version, the 5th edition is the most comprehensive update to McMillan’s work. It accounts for the modern era of high-frequency trading, weekly options, and the vast liquidity that didn't exist in the 80s or 90s. Key areas covered in the 5th edition include:
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