Options As A Strategic Investment Fifth Edition Pdf Reddit May 2026

Navigating the WSB Era: Why Reddit Still Swears by Lawrence G. McMillan’s "Options as a Strategic Investment" (5th Edition)

But here is the contrarian Reddit take:

Don't waste three hours searching for a free PDF. That is three hours you could have spent reading the first three chapters. The knowledge in this book is worth far more than the $60–$80 asking price.

Used Copies:

Check sites like AbeBooks or ThriftBooks; the physical copy is often preferred because of the extensive indexing. options as a strategic investment fifth edition pdf reddit

• Covered Call Writing: The most common strategy. McMillan treats this not as a "income generator" (a common myth) but as a method to reduce volatility.
• The "Buy-Write" Trap: The book warns against blindly selling calls against stock you want to keep. It teaches the "Rolling" strategy (rolling forward and up) to avoid assignment—crucial for tax management.

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