This is a comprehensive guide for beginners by the leading authority on options. Whether the markets are moving up or down, options remain one of the most attractive instruments for all investors. "Profit with Options" is a beginner's guide to trading options, delivered in clear and engaging manner by options guru Lawrence McMillan. Starting with a basic explanation of terminology, McMillan explains complete trading methodologies with chapters on direct and contrary indicators, protecting a stock portfolio, and trading volatility. The "Q & A" section in each chapter offers readers a chance to test their knowledge in real life trading situations. Whether you are looking for new investment sources in a bear market or seeking hedge protection in a bull, "Profit with Options" is a lively, one stop reference and vital tool. Lawrence C. McMillan is the President of McMillan Analysis Corporation. He publishes the newsletter "The Option Strategist" and the innovative fax service "Daily Volume Alerts," updating investors on unusual increases in equity option volume. He is the author of the bestselling "Options as a Strategic Investment and McMillan on Options" (Wiley: 0 471 11960 1).