Larry G. McMillian
www.optionstrategist.com
How to Improve Your Option Buying Techniques
Downloadable PDF presentation file with MP3 audio $2.99
(You must manually change pdf pages with the audio presentation)
Description: Many traders are successful at trading stocks, but have
difficulty translating that to a successful option trading strategy. In
this seminar, we'll show you how overcome those difficulties. We'll
discuss which option to buy -- which striking price and expiration
month. Examples will show how to use the Black-Scholes model to reasonable
assess the probabilities and possibilities for your trade. Furthermore,
we'll discuss risk management -- how MANY options to buy.
Finally, we discuss one application of these techniques in a
momentum trading strategy, using option and stock volume as the main
drivers of which stock to select.
Biography:
Lawrence G. McMillan is the author of Options As a Strategic
Investment, the best-selling work on stock and index options
strategies, which has sold over 200,000 copies. The fourth edition
of this work was released in March, 2002. In addition, he has
written two other books, McMillan On Options (2nd edition, 2004) and
Profit With Options and co-authored another, New Insights On Covered
Call Writing. He currently authors a unique daily advisory service –
Daily Volume Alerts – which selects short-term stock trades by
looking for unusual increases in equity option volume. He also edits
and publishes "The Option Strategist", a derivative products
newsletter covering equity, index, and futures options, as well as
"The Daily Strategist", covering much the same strategies but on a
daily basis. In these capacities, he is the President of McMillan
Analysis Corporation, which he founded in 1991. He has spoken on
option strategies at many seminars and colloquiums in the United
States, Canada, and Europe. He also writes frequently and is quoted
in publications such as Barron’s, Technical Analysis of Stocks and
Commodities, Data Broadcasting’s “Exchange” magazine, Futures
Magazine, theStreet.com, and Active Trader Magazine. In addition, he
is the Portfolio Manager of The Hardel Volatility Arbitrage Fund (a
hedge fund), he trades his own account actively, and he manages
option-oriented accounts for certain individuals.
Prior to founding his own firm, Mr. McMillan was a proprietary
trader at two major brokerage firms. He began his Wall Street career
as the retail option strategist at Thomson McKinnon Securities,
Inc., from 1976 to 1980, and then traded the firm's proprietary
account beginning in 1980. From 1982 to 1989, he was a Senior Vice
President in charge of the Equity Arbitrage Department. Following
that, he was in charge of the Proprietary Option Trading Department
at Prudential-Bache Securities in 1989-90. In those positions, he
traded the firm's own money – primarily in advanced option
strategies and risk arbitrage at Thomson McKinnon, and primarily in
convertible Euro-bonds and Japanese warrant arbitrage at Prudential.
He initially worked for Bell Telephone Laboratories in Whippany, NJ,
from 1972 to 1976. He also published a weekly newsletter, entitled
"Hedged Option Strategies" from 1974 to 1976.
Mr. McMillan holds a B.S. degree in mathematics from Purdue
University (1968) and an M.S. in applied mathematics and computer
science from the University of Colorado (1972).
Contact Information
McMillan Analysis Corp., PO Box 1323, Morristown, NJ 07962
Fax: 973-328-1303
email: info@optionstrategist.com
web site: www.optionstrategist.com