{"product_id":"mcmillan-on-options-isbn-9780471678755","title":"McMillan on Options","description":"\u003cb\u003eLegendary trader Larry McMillan does it-again-offering his personal options strategies for consistently enhancing trading profits\u003c\/b\u003e  \u003cp\u003eLarry 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 \u003ci\u003eMcMillan on Options\u003c\/i\u003e. 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 It also offers McMillan's personal philosophy on options, and reveals many of his previously unpublished personal insights.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 \u003ci\u003eStock Trader's Almanac\u003c\/i\u003e says, \"McMillan is an options guru par excellence.\"\u003c\/p\u003e  \u003cb\u003eList of Figures.\u003c\/b\u003e  \u003cp\u003e\u003cb\u003e1 Option History, Definitions, and Terms.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eUnderlying Instruments.\u003c\/p\u003e \u003cp\u003eOption Terms.\u003c\/p\u003e \u003cp\u003eThe Cost of an Option.\u003c\/p\u003e \u003cp\u003eThe History of Listed Options.\u003c\/p\u003e \u003cp\u003eOption Trading Procedures.\u003c\/p\u003e \u003cp\u003eElectronic Trading.\u003c\/p\u003e \u003cp\u003eExercise and Assignment.\u003c\/p\u003e \u003cp\u003eFutures and Futures Options.\u003c\/p\u003e \u003cp\u003eInfluences on an Option’s Price.\u003c\/p\u003e \u003cp\u003eDelta.\u003c\/p\u003e \u003cp\u003eTechnical Analysis.\u003c\/p\u003e \u003cp\u003e\u003cb\u003e2 An Overview of Option Strategies.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eProfit Graphs.\u003c\/p\u003e \u003cp\u003eOutright Option Buying.\u003c\/p\u003e \u003cp\u003eUsing Long Options to Protect Stock.\u003c\/p\u003e \u003cp\u003eBuying Both a Put \u003ci\u003eand\u003c\/i\u003e a Call.\u003c\/p\u003e \u003cp\u003eSelling Options.\u003c\/p\u003e \u003cp\u003eSpreads.\u003c\/p\u003e \u003cp\u003eRatio Strategies.\u003c\/p\u003e \u003cp\u003eSummary.\u003c\/p\u003e \u003cp\u003e\u003cb\u003e3 The Versatile Option.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eOptions as a Direct Substitute for the Underlying.\u003c\/p\u003e \u003cp\u003eOptions as a Proxy for the Underlying.\u003c\/p\u003e \u003cp\u003eThe Effect of Stock Index Futures on the Stock Market.\u003c\/p\u003e \u003cp\u003eThe Effect of Index Futures and Index Option Expiration on the Stock Market.\u003c\/p\u003e \u003cp\u003eOptions as an Insurance Policy.\u003c\/p\u003e \u003cp\u003eThe Collar.\u003c\/p\u003e \u003cp\u003eHedging with Over-the-Counter Options.\u003c\/p\u003e \u003cp\u003eUsing Volatility Futures as Portfolio Insurance.\u003c\/p\u003e \u003cp\u003eSummary.\u003c\/p\u003e \u003cp\u003e\u003cb\u003e4 The Predictive Power of Options.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eUsing Stock Option Volume as an Indicator.\u003c\/p\u003e \u003cp\u003eUsing Option Prices as an Indicator.\u003c\/p\u003e \u003cp\u003eImplied Volatility Can Predict a Change of Trend.\u003c\/p\u003e \u003cp\u003eThe Put–Call Ratio.\u003c\/p\u003e \u003cp\u003eFutures Options Volume.\u003c\/p\u003e \u003cp\u003eOn Moving Averages.\u003c\/p\u003e \u003cp\u003eSummary.\u003c\/p\u003e \u003cp\u003e\u003cb\u003e5 Trading Systems and Strategies.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eIncorporating Futures Fair Value into Your Trading.\u003c\/p\u003e \u003cp\u003eDay-Trading Vehicles.\u003c\/p\u003e \u003cp\u003eThe TICKI Day -Trading System.\u003c\/p\u003e \u003cp\u003eA Short-Term Trading System.\u003c\/p\u003e \u003cp\u003eIntermarket Spreads.\u003c\/p\u003e \u003cp\u003eOther Seasonal Tendencies.\u003c\/p\u003e \u003cp\u003eSummary.\u003c\/p\u003e \u003cp\u003e\u003cb\u003e6 Trading Volatility and Other Theoretical Approaches.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eVolatility.\u003c\/p\u003e \u003cp\u003eDelta Neutral Trading.\u003c\/p\u003e \u003cp\u003ePredicting Volatility.\u003c\/p\u003e \u003cp\u003eComparing Historical and Implied Volatility.\u003c\/p\u003e \u003cp\u003eTrading Implied Volatility.\u003c\/p\u003e \u003cp\u003eThe “Greeks.”\u003c\/p\u003e \u003cp\u003eTrading the Volatility Skew.\u003c\/p\u003e \u003cp\u003eThe Aggressive Calendar Spread.\u003c\/p\u003e \u003cp\u003eUsing Probability and Statistics in Volatility Trading.\u003c\/p\u003e \u003cp\u003eExpected Return.\u003c\/p\u003e \u003cp\u003eSummary.\u003c\/p\u003e \u003cp\u003e\u003cb\u003e7 Other Important Considerations.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eSupport Activities.\u003c\/p\u003e \u003cp\u003eTrading Methodology and Philosophy.\u003c\/p\u003e \u003cp\u003eOption Trading Philosophy.\u003c\/p\u003e \u003cp\u003eSummary.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eAppendix A: Listed Index and Sector Options.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eAppendix B: Futures Options Terms and Expirations.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eAppendix C: Option Models.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eIndex.\u003c\/b\u003e\u003c\/p\u003e \u003cb\u003eLAWRENCE G. McMILLAN\u003c\/b\u003e is President of McMillan Analysis Corporation. He authors \"Daily Volume Alerts,\" a unique daily fax service that selects short-term stock trades by looking for unusual increases in equity option volume. He also edits and publishes \u003ci\u003eThe Option Strategist\u003c\/i\u003e, a derivative products newsletter covering equity, index, and futures options. McMillan has spoken on options strategies at many seminars and colloquiums in the United States, Canada, and Europe. He was formerly senior vice president in charge of the Equity Arbitrage Department at Thomson McKinnon Securities, Inc. McMillan is the author of the bestselling \u003ci\u003eOptions as a Strategic Investment\u003c\/i\u003e and the classic book, \u003ci\u003eProfit with Options\u003c\/i\u003e.  The McMillan name is virtually synonymous with options. Over the years, this legendary trader’s popular and informative books, newsletters, and seminars have helped both new and seasoned investors use options to consistently enhance their trading profits.  \u003cp\u003eMcMillan first shared his personal options philosophies and techniques in the original McMillan on Options. Now, in this revised and expanded Second Edition, he reveals a number of new approaches for success in today’s fast-paced and ever-changing investment arena.\u003c\/p\u003e \u003cp\u003eBy exploring both the flexibility and predictive ability of options, this highly revised resource will show you the best new ways to apply options to everyday trading situations. You’ll quickly learn how to establish self-contained strategies, substitute options for other financial instruments, and protect your positions–whether in stock, index, or future options. More importantly though, you’ll receive a complete education in the exciting new products that are popular with investors, from single-stock futures and exchange-traded funds to LEAPS and the brand new volatility futures.\u003c\/p\u003e \u003cp\u003eBacked by over 100 case studies, updated charts, and new examples, McMillan on Options, Second Edition:\u003c\/p\u003e \u003cul\u003e \u003cli\u003eIllustrates how a stock can be \"pinned\" to a striking price at expiration, what causes it, and when to expect it\u003c\/li\u003e \u003cli\u003eDiscusses put-call ratio charts and theory on individual stocks\u003c\/li\u003e \u003cli\u003eExamines how to use volatility indices as an accurate market predictor\u003c\/li\u003e \u003cli\u003eAdapts trading systems and strategies–such as intermarket spreads and seasonal trading systems–to the realities of a new market environment\u003c\/li\u003e \u003cli\u003ePresents advanced approaches to options trading, including the concepts of expected return and Monte Carlo probability simulation\u003c\/li\u003e \u003cli\u003eOffers guidance for those who need to find reliable options trading data and tools online\u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003eThis timely Second Edition also expands on discussions regarding the NYSE as a faulty indicator, the history of market volatility, and the importance of buying and selling volatility.\u003c\/p\u003e \u003cp\u003eReaders can now gain a unique insight into McMillan’s personal philosophy on options, and discover the innovative new tactics and strategies he applies to his own trading and analysis. Packed with hands-on examples and techniques that address hedging and volatility–plus fresh new pricing concepts–this comprehensive and updated work will help you understand and unleash the full power of options.\u003c\/p\u003e  \u003cb\u003ePraise for \u003ci\u003eMcMillan On Options\u003c\/i\u003e, Second Edition\u003c\/b\u003e  \u003cp\u003e\"When it comes to options trading education, no one is more respected than Larry McMillan. With all the new innovations in the options arena over the past decade, this revised edition of his classic work is a must-have for ardent options traders and novices alike.\"\u003cbr\u003e –Price Headley\u003cbr\u003e President and Founder, BigTrends.com\u003c\/p\u003e \u003cp\u003e\"Larry McMillan has proved once again that he is an option strategist and educator without peer. In this book, he provides an intimate look at his own personal trading philosophies. He has truly raised the bar in his update to McMillan on Options.\"\u003cbr\u003e –James Bittman\u003cbr\u003e OIC Instructor and Author\u003c\/p\u003e \u003cp\u003e\"Amazingly, Larry McMillan has outdone himself. His update of McMillan on Options not only expands the original research to include single-stock futures, LEAPS, ETFs, and volatility futures but goes beyond theory and reveals his personal strategies and new methods. McMillan’s put-call ratio work is bar none. An absolute must-read for traders of all levels!\"\u003cbr\u003e –Jeffrey A. Hirsch\u003cbr\u003e The Hirsch Organization\u003c\/p\u003e","brand":"Wiley","offers":[{"title":"Default Title","offer_id":47989591638245,"sku":"NP9780471678755","price":105.0,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/1842\/7735\/files\/9780471678755.jpg?v=1761784726","url":"https:\/\/k12savings.com\/es\/products\/mcmillan-on-options-isbn-9780471678755","provider":"K12savings","version":"1.0","type":"link"}