<DIV>The market in listed options and non-equity option products provides investors and traders with a wealth of new, strategic opportunities for managing their investments. This updated and revised Fifth Edition of the bestselling <i>Options as a Strategic Investment </i>gives you the latest market-tested tools for improving the earnings potential of your portfolio while reducing downside risk—no matter how the market is performing.<br><br> Inside this revised edition are scores of proven techniques and business-tested tactics for investing in many of the innovative new options products available. You will find:<br><br> • Buy and sell strategies for Long Term Equity Anticipation Securities (LEAPS)<br> • A thorough analysis of neutral trading, how it works, and various ways it can improve readers’ overall profit picture<br> • Detailed guidance for investing in Preferred Equity Redemption Cumulative Stocks (PERCS) and how to hedge them with common and regular options<br> • An extensive overview of futures and futures options<br><br> Written especially for investors who have some familiarity with the option market, this comprehensive reference also shows you the concepts and applications of various option strategies -- how they work, in which situations, and why; techniques for using index options and futures to protect one’s portfolio and improve one’s return; and the implications of the tax laws for option writers, including allowable long-term gains and losses. Detailed examples, exhibits, and checklists show you the power of each strategy under carefully described market conditions.<br></div>