Book Study
From theory to execution, master options trading step-by-step.
Original study notes working chapter-by-chapter through McMillan's Options as a Strategic Investment — not a translation; buy the book to read along.
Chapter 1: Options Bootcamp
Master core concepts and mechanics from scratch.
Chapter 2: Covered Call Masterclass
Generate rental income from stocks you own.
Chapter 3: Cash Secured Put Masterclass
Get paid to buy stocks at a discount.
Chapter 4: Long Call Masterclass
Leverage small capital for high returns with precision.
Chapter 5: Advanced Selling Masterclass
Master Naked & Ratio Writing: Manage risk like a pro.
Chapter 6: Bull Spread Masterclass
Define your risk and reduce cost with vertical spreads.
Chapter 7: Bear Spread Masterclass
Profit from downside moves with credit spreads.
Chapter 8: Calendar Spread Masterclass
Exploit time decay: profit from the passage of time.
Chapter 9: Butterfly Spread Masterclass
Capture a range with limited risk on both sides.
Chapter 10: Ratio Call Spread Masterclass
Sell more time value with limited downside risk.
Chapter 11: Ratio Calendar Spread Masterclass
Sell near-term, buy long-term, let time do the work.
Chapter 12: Reverse Spread Masterclass
Reverse calendars and backspreads for convex movement trades.
Chapter 13: Diagonal Spread Masterclass
Use strike and expiry together for path-dependent edge.
Chapter 14: Put Option Basics Masterclass
Master put mechanics from pricing to assignment behavior.
Chapter 15: Long Put Masterclass
Manage profitable puts, repair losing ones, and use puts as stock insurance.