Options As A Strategic Investment 6th Edition May 2026

Buy it. Read it in small chunks. Keep it on your desk. When you blow up a trade, flip to the chapter on adjustments. It will pay for itself in saved losses within a month.

– Half a star off only for its density and lack of psychology coverage. For serious options traders, it’s the law. options as a strategic investment 6th edition

Unlike 90% of options books that focus on direction (will the stock go up or down?), McMillan hammers home the importance of implied volatility and historical volatility . He treats options as tools to bet on mispriced uncertainty , not just stock movement. His discussion of volatility skew and term structure is worth the price of admission. Buy it