Options As a Strategic Investment, 3rd Edition

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 andrevised Third Edition of the bestselling options book of al 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 in may 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 moreWritten especially for investors who have some familiarity with the option market, this comprehensive reference also shows youthe 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 improveyour return...and the implications of the tax laws for option writers, including allowable long-term gains and losses.About the Author Lawrence G. McMillan is the editor of The Option Strategist Newsletter and the author of numerous articles on options and investment trading. Formerly senior vice president of the Equity Arbitrage Department at Thomson McKinnon Securities, he currently publishes newsletters and gives seminars on options, manages money for private clients and trades his own accountIn addition, detailed examples, exhibits,and checklists show you the power of each strategy under carefully described market conditions