Profit With Options: Essential Methods for Investing Success

$39.95
Author: Lawrence G. McMillan

Profit with Options: Essential Methods for Investing Success is a powerful guide that allows every investor to learn about options by benefiting from the wealth of knowledge and years of experience of a true options expert. Renowned options authority and "Trader's Hall of Fame" award-winner Lawrence McMillan complements his prior books with this thorough guidebook. No matter what your background, regardless of your experience level, this hands-on manual takes readers on a "course" through the complete options trading process and provides end-of-chapter questions that will help you reinforce tactics and refine options trading skills–preparing you to apply them with savvy and strength before you are out in the real trading arena.

Profit with Options takes you from a basic clarification of terminology to straightforward explanations of complete trading methodologies, for both the beginner and the veteran trader, with chapters on direct and contrary indicators, protecting a stock portfolio, and trading volatility. Through hard-won knowledge gleaned from years of options trading experience, McMillan provides you with in-depth coverage of trading systems, factors that affect markets and market behaviors, and general portfolio-protecting strategies, while uncovering the practices of successful options strategies. Focused on actual ways to generate profits from options trading, this accessible guide will show you how to:

  • Use options as predictors of market behavior
  • Determine when to engage in straddle buying
  • Interpret OEX and VIX
  • Choose the trading system that's right for you
  • Reduce the cost of portfolio protection
  • Understand and use the measures of option price changes ("greeks")
  • Analyze the reasons behind volatility changes

Profit with Options will challenge you every step of the way, and the valuable "Q&A" section at the end of each chapter offers you the rare chance to test your options knowledge before going into real-world trading situations–where time and money are something you cannot afford to lose.

In clear, easy-to-follow terms, Profit with Options arms you with the facts you need to understand options–stock, index, and futures options–as well as the tools you need to implement profitable options trading strategies. Whether you're 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 that can help you achieve your investment goals.

Product Details

Hardcover: 276 pages
Publisher: John Wiley & Sons

REVIEWS

"McMillan is the top name in options education, bar none."
Paul Stevens - President, The Options Industry Council

Table of Contents

  • Chapter 1: Introduction
  • Chapter 2: Options As Direct Indicators
  • Chapter 3: Options As Contrary Indicators
  • Chapter 4: System Trading
  • Chapter 5: Protecting a Stock Portfolio
  • Chapter 6: Trading Volatility
  • Chapter 7: Buy Low and Sell High-Volatility, That Is
  • Review Questions and Answers
  • Glossary
  • Index
List Price: $39.95
Price: $39.95

Trading or investing whether on margin or otherwise carries a high level of risk, and may not be suitable for all persons. Leverage can work against you as well as for you. Before deciding to trade or invest you should carefully consider your investment objectives, level of experience, and ability to tolerate risk. The possibility exists that you could sustain a loss of some or all of your initial investment or even more than your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading and investing, and seek advice from an independent financial advisor if you have any doubts. Past performance is not necessarily indicative of future results.
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Testimonials*:  Testimonials are believed to be true based on the representations of the persons providing the testimonials, but facts stated in testimonials have not been independently audited or verified. Nor has there been any attempt to determine whether any testimonials are representative of the experiences of all persons using the methods described herein or to compare the experiences of the persons giving the testimonials after the testimonials were given. You should not necessarily expect the same or similar results.

Performance Results: Past performance results for advisory services and educational products are shown for illustration and example only, and are hypothetical.

HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF WHICH ARE DESCRIBED BELOW. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN. IN FACT, THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE RESULTS AND THE ACTUAL RESULTS SUBSEQUENTLY ACHIEVED BY ANY PARTICULAR TRADING PROGRAM.

ONE OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCE RESULTS IS THAT THEY ARE GENERALLY PREPARED WITH THE BENEFIT OF HINDSIGHT. IN ADDITION, HYPOTHETICAL TRADING DOES NOT INVOLVE FINANCIAL RISK, AND NO HYPOTHETICAL TRADING RECORD CAN COMPLETELY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK IN ACTUAL TRADING. FOR EXAMPLE, THE ABILITY TO WITHSTAND LOSSES OR TO ADHERE TO A PARTICULAR TRADING PROGRAM IN SPITE OF TRADING LOSSES ARE MATERIAL POINTS WHICH CAN ALSO ADVERSELY AFFECT ACTUAL TRADING RESULTS. THERE ARE NUMEROUS OTHER FACTORS RELATED TO THE MARKETS IN GENERAL OR TO THE IMPLEMENTATION OF ANY SPECIFIC TRADING PROGRAM WHICH CANNOT BE FULLY ACCOUNTED FOR IN THE PREPARATION OF HYPOTHETICAL PERFORMANCE RESULTS AND ALL OF WHICH CAN ADVERSELY AFFECT ACTUAL TRADING RESULTS.