Options as a Strategic Investment / Edition 4

Options as a Strategic Investment / Edition 4

3.1 7
by Lawrence G. McMillan, L. G. McMillan
     
 

The market in listed options and nonequity option products provides investors and traders with a wealth of new, strategic opportunities for managing their investments. This updated and revised Third Edition of the bestselling options book of all time gives you the latest market-tested tools for maximizing the earnings potential of your portfolio while reducing… See more details below

Overview

The market in listed options and nonequity option products provides investors and traders with a wealth of new, strategic opportunities for managing their investments. This updated and revised Third Edition of the bestselling options book of all time gives you the latest market-tested tools for maximizing the earnings potential of your portfolio while reducing downside risk--no matter how the market is performing.
Inside this expanded edition are scores of proven techniques and business-tested tactics for investing many of the innovative new options products available. For example, you'll find:

-Buy and sell strategies for Long Term Equity Anticipation Securities (LEAPs)
-A thorough analysis of neutral trading, how it works, and various ways it can improve your overall profit picture
-Detailed guidance for investing in Preferred Equity Redemption Cumulative Stocks (PERCS),and how to hedge them with common and regular options
-An extensive overview of futures and futures options
-and much more

Written especially for investors who have some familiarity with the option market, this comprehensive reference also shows you the concepts and applications of various option strategies--how they work, in which situations, and why...techniques for using index options and futures to protect your portfolio and improve your return...and the implications of the tax laws for option writers, including allowable long-term gains and losses.

In addition, detailed examples, exhibits, and checklists show you the power of each strategy under carefully described market conditions.

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Product Details

ISBN-13:
9780735201972
Publisher:
Prentice Hall Press
Publication date:
02/26/2002
Edition description:
4TH
Pages:
1024
Product dimensions:
7.46(w) x 9.50(h) x 2.10(d)
Age Range:
18 Years

Related Subjects

Table of Contents

Preface
Pt. IBasic Properties of Stock Options
Ch. 1Definitions3
Pt. IICall Option Strategies
Ch. 2Covered Call Writing39
Ch. 3Call Buying95
Ch. 4Other Call Buying Strategies118
Ch. 5Naked Call Writing132
Ch. 6Ratio Call Writing146
Ch. 7Bull Spreads172
Ch. 8Bear Spreads Using Call Options186
Ch. 9Calendar Spreads191
Ch. 10The Butterfly Spread200
Ch. 11Ratio Call Spreads210
Ch. 12Combining Calendar and Ratio Spreads222
Ch. 13Reverse Spreads230
Ch. 14Diagonalizing a Spread236
Pt. IIIPut Option Strategies
Ch. 15Put Option Basics245
Ch. 16Put Option Buying256
Ch. 17Put Buying a Conjunction with Common Stock Ownership271
Ch. 18Buying Puts in Conjunction with Call Purchases281
Ch. 19The Sale of a Put292
Ch. 20The Sale of a Straddle302
Ch. 21Synthetic Stock Positions Created by Puts and Calls321
Ch. 22Basic Put Spreads329
Ch. 23Spreads Combining Calls and Puts336
Ch. 24Ratio Spreads Using Puts358
Ch. 25LEAPS367
Pt. IVAdditional Considerations
Ch. 26Buying Options and Treasury Bills413
Ch. 27Arbitrage422
Ch. 28Mathematical Applications456
Pt. VIndex Options and Futures
Ch. 29Introduction to Index Option Products and Futures493
Ch. 30Stock Index Hedging Strategies531
Ch. 31Index Spreading579
Ch. 32Structured Products589
Ch. 33Mathematical Considerations for Index Products641
Ch. 34Futures and Futures Options652
Ch. 35Futures Option Strategies for Futures Spreads696
Pt. VIMeasuring and Trading Volatility
Ch. 36The Basics of Volatility Trading727
Ch. 37How Volatility Affects Popular Strategies749
Ch. 38The Distribution of Stock Prices783
Ch. 39Volatility Trading Techniques812
Ch. 40Advanced Concepts846
Ch. 41Taxes908
Ch. 42The Best Strategy?932
Postscript938
Pt. VIIAppendices
App. AStrategy Summary943
App. BEquivalent Positions945
App. CFormulae947
App. DGraphs957
App. EQualified Covered Calls961
Glossary963
Index983

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