#711 in Business & money books
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Reddit mentions of Options as a Strategic Investment
Sentiment score: 3
Reddit mentions: 4
We found 4 Reddit mentions of Options as a Strategic Investment. Here are the top ones.
Buying options
View on Amazon.comor
- Used Book in Good Condition
Features:
Specs:
Height | 9.5 Inches |
Length | 7.46 Inches |
Number of items | 1 |
Release date | March 2002 |
Weight | 3.71258449208 Pounds |
Width | 2.1 Inches |
I'm not sure I follow.
Mutual (and index) funds trade their NAV at the end of the day.
ETFs trade like stocks throughout the day.
I looked of SPY's expense ratio on Yahoo Finance, and looked up the expense ratio of the UBS fund in the prospectus using Google.
Transaction costs are a thing - many brokerages offer some no transaction fee funds, but if you buy outside that stable, they charge commissions, and i'm not sure why, but mutual fund commissions are usually a lot more than stock commissions. And now, there are lots of ways to get access to free stock and ETF trades.
The last bit about options was a little more in depth, but still (I thought) barely scratching the surface.
All I'm saying is the information is out there for everyone to find.
As for what I read, I don't even know anymore. A TON at one point. I also passed the Series 65 at one point, but never did much with it. But that was more to validate my knowledge than to create knowledge. And even though it sounds fancy ("Investment Advisor"), the test was 90% about legal and fiduciary duties, not about investments themselves - studying for the 65 won't net you much knowledge about options, trade commissions (except sternly telling you NOT to churn client accounts for your own benefit), and so forth.
Looking way back in my Amazon order history, here's a few interesting books:
Options as a strategic investment
https://www.amazon.com/gp/product/0735201978/ref=ppx_yo_dt_b_asin_title_o03_s00?ie=UTF8&psc=1
Unconventional Success
https://www.amazon.com/gp/product/0743228383/ref=ppx_yo_dt_b_asin_title_o01_s00?ie=UTF8&psc=1
Pioneering Portfolio Management
https://www.amazon.com/gp/product/1416544690/ref=ppx_yo_dt_b_asin_title_o03_s00?ie=UTF8&psc=1
Bond Markets, Analysis, and Strategies (Cram101 Textbook Outlines (link doesn't work anymore)
There were a ton of other books, too, but I must have gotten them from places other than Amazon. But I think those three are great starting points.
The big thing is, Pioneering Portfolio Management was written for institutional investors, not us. It's still a good read. Unconventional Success is the same author applying it to regular people. I read both, but I'm not sure how well Unconventional Success stands on its own (maybe people who have read only that can chime in). And options are a great tool to learn more about; I know some people go crazy just trading calls in hopes of outsized gains, but I wouldn't recommend that. Mostly I like them because, at their simplest, they provide strategies for mitigating risk (either buying puts, or selling calls), but like i said, that risk mitigation can act as a headwind.
Hopee that's somewhat helpful?
Pick up Options as a Strategic Investment, considered by many to be the "bible of options." He's got a newer book, Mcmillan on Options, that also has some good reviews.
http://www.amazon.com/Options-Strategic-Investment-Lawrence-McMillan/dp/0735201978
These two books explain everything about options and the how to play them. Like how to roll from a uncovered call option to a spread. Anyone who trades options has read these books.
Options as a Strategic Investment
Option Volatility & Pricing: Advanced Trading Strategies and Techniques
Once you have a good grasp of the basics take the time to learn the option greeks. Understanding the greeks is essential for anyone looking to get into the options' market. Of course I have no idea if you are contemplating a jump into options. But just in case you are I'll leave these links.
This PDF has a pretty good rundown of the greeks:
http://i.investopedia.com/inv/pdf/tutorials/OptionsGreeks.pdf
If you're very serious about options then a copy of Sheldon Natenberg's 'Option Volatility & Pricing' is a must have.
http://www.amazon.com/Option-Volatility-amp-Pricing-Strategies/dp/155738486X
And McMillan's 'Options as a Strategic Investment'.
http://www.amazon.com/Options-Strategic-Investment-Lawrence-McMillan/dp/0735201978