Options as a Strategic Investment 5e – Lawrence G. McMillan sie
English | eBook | Size: 134.48 MB
The market in listed options and non-equity option products provides investors and traders with a wealth of new, strategic opportunities for managing their investments. This updated and revised fifth edition of the bestselling Options as a Strategic Investment gives you the latest market-tested tools for improving the earnings potential of your portfolio while reducing downside risk-no matter how the market is performing.
Inside this revised edition are scores of proven techniques and business-tested tactics for investing in many of the innovative new options products available. You will 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 readers’ 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
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 one’s portfolio and improve one’s return; and the implications of the tax laws for option writers, including allowable long-term gains and losses. Detailed examples, exhibits, and checklists show you the power of each strategy under carefully described market conditions.
Contents:
Preface
Part I – Basic Properties of Stock Options
1 Definitions
Part II – Call Option Strategies
2 Covered Call Writing
3 Call Buying
4 Other Call Buying Strategies
5 Naked Call Writing
6 Ratio Call Writing
7 Bull Spreads Using Call Options
8 Bear Spreads Using Call Options
9 Calendar Spreads
10 The Butterfly Spread
11 Ratio Call Spreads
12 Combining Calendar and Ratio Spreads
13 Reverse Spreads
14 Diagonalizing a Spread
Part III – Put Option Strategies
15 Put Option Basics
16 Put Option Buying
17 Put Buying in Conjunction with Common Stock Ownership
18 Buying Puts in Conjunction with Call Purchases
19 The Sale of a Put
20 The Sale of a Straddle
21 Synthetic Stock Positions Created by Puts and Calls
22 Basic Put Spreads
23 Spreads Combining Calls and Puts
24 Ratio Spreads Using Puts
25 Long-Term Option Strategies
Part IV – Additional Considerations
26 Buying Options and Treasury Bills
27 Arbitrage
28 Mathematical Applications
Part V – Index Options and Futures
29 Introduction to Index Option Products and Futures
30 Stock Hedging Strategies
31 Index Spreading
32 Structured Products
33 Mathematical Considerations for Index Products
34 Futures and Futures Options
35 Futures Option Strategies for Futures Spreads
Part VI – Measuring and Trading Volatility
36 The Basics of Volatility Trading
37 How Volatility Affects Popular Strategies
38 The Distribution of Stock Prices
39 Volatility Trading Techniques
40 Advanced Concepts
41 Volatility Derivatives
42 Taxes
43 The Best Strategy?
Postscript
Appendixes
Index
Format: PDF
Length: 1079 pages
Published: 2012 by Prentice Hall
ISBN: 0735204659
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