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Reading List

Options as a Strategic Investment

Reading List, Beginner. The reference, read by the chapter. Read it before module 5.

Juri von Randow's avatar
Juri von Randow
Oct 31, 2026
∙ Paid
Cartoon: a student carries one enormous red book in both arms while the mentor holds the office door open, titled McMillan, The Reference.

Every options desk has this book, and nobody has read all of it. It is the reference: forty-three chapters, one per structure, each with the arithmetic and the follow-up action when the trade goes against you. Buy it, keep it on the desk, and open the chapter of the trade you are in.

Who it is for: Options as a Strategic Investment by Lawrence G. McMillan, fifth edition, 2012. Level Beginner, A reference, not a read. You open the chapter of the trade you are in.. Time to read 40 hours, Cover to cover. About 6 hours for the chapters we use.. Math: Arithmetic, Percentages and break-evens. Two math chapters you skip.. Best for The desk shelf, One thousand pages, every structure, every follow-up action..

👉 Buy the Hardcover │ Back to the Reading List │ The Elite Trader Program

Below the line, for Pro and Elite Trader members: the chapters we use, the five ideas I took from it, the chapters to skip, and the module it prepares. Elite Traders read the book, then work that module with me one-on-one, on their own positions.

See the Elite Trader Program

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