Lawrence stopped seeing options as lottery tickets. Through McMillan’s eyes, they became tools for hedging, for generating income through covered calls, and for structured speculation via spreads. He learned that time—theta—wasn't just an enemy; it could be a landlord collecting rent if you sat on the right side of the trade. He discovered the "Greeks," the silent gears turning behind every price movement.
Years later, Lawrence’s copy of "McMillan on Options" was dog-eared and spine-cracked, held together by packing tape. He wasn't just a trader anymore; he was a strategist. He realized that in the casino of the market, most people were gamblers, but McMillan had given him the blueprint to be the house. McMillan on options
That night, hunched over a cluttered desk in a dim apartment, he cracked open a thick, imposing volume: Lawrence stopped seeing options as lottery tickets
AI responses may include mistakes. For financial advice, consult a professional. Learn more He discovered the "Greeks," the silent gears turning