The bedrock of conservative options trading. McMillan emphasizes "writing" against existing stock to lower the cost basis.
First, a distinction. McMillan’s text is not Investing for Dummies . It is a dense, graduate-level treatise. First published in 1980, it has evolved through five editions to keep pace with market structure changes. options as a strategic investment fifth edition pdf reddit
Regarded as the "bible" of options trading, the 5th edition covers over 1,000 pages of technical analysis and strategies: The bedrock of conservative options trading
On subreddits like r/options or r/thetagang, the advice is almost always the same: Because this book is designed as a reference manual rather than a cover-to-cover narrative, having the physical tabs and the ability to flip between the strategy sections and the index is vital. What Makes the 5th Edition Different? McMillan’s text is not Investing for Dummies
: You can often find older editions available for free borrowing or streaming on the Internet Archive .