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Options as a Strategic Investment by Lawrence G. McMillan is widely regarded as the ultimate guide for professional and individual investors who trade in options. The book provides a complete understanding of option products, their mechanics, and effective trading strategies. It explains advanced topics such as LEAPS, straddles, spreads, strangles, volatility plays, hedging, and neutral trading approaches. The 5th edition includes modern updates on weekly options, volatility derivatives, and portfolio margin. Ideal for traders aiming to master risk management and maximize returns using option instruments.