Options As A: Strategic Investment 6th Edition

When the 5th edition was published, the VIX was a niche index. Today, it is a tradable asset class. McMillan dedicates significant new real estate to trading VIX futures, VIX options, and the nuances of contango vs. backwardation. He explains why "buying cheap puts" on the VIX is often a losing strategy and how to use volatility ETFs (VXX, UVXY) for hedging rather than speculating.

Lawrence G. McMillan’s is widely considered the bible of the options trading world. Now in its sixth edition, this massive volume remains the definitive resource for anyone serious about mastering derivative markets. Whether you are a retail trader looking to hedge a portfolio or a professional seeking complex arbitrage strategies, this book provides the blueprint. options as a strategic investment 6th edition

A comprehensive look at Delta, Gamma, Theta, Vega, and Rho. When the 5th edition was published, the VIX

💡 McMillan emphasizes that options should be used as a strategic investment tool, not a gambling vehicle. backwardation