Options as a Strategic Investment

1. Accessibility: GitHub hosts millions of files for free.
2. Community: Financial engineering students and quants often upload their resources.
3. Convenience: A PDF is portable, searchable, and doesn't require carrying a heavy hardcover.

Why GitHub?

You might wonder, "Why GitHub?" GitHub is a repository for software developers, not books. However, GitHub allows users to upload arbitrary files. Over the years, users have created "repos" (repositories) containing curated lists of financial documents, cheat sheets, and—in violation of terms of service—copyrighted PDFs. A search for "Options As A Strategic Investment Pdf Github" suggests the user is hoping to find a repo where a well-meaning (or law-flouting) user has uploaded a scanned copy.

Hedge Risk: Protect stock portfolios against market downturns using protective puts or collars.

A. The Library Genesis (LibGen) Caveat

While not GitHub, LibGen is often the next stop for searchers. We do not recommend illegal downloads, but we note that many older editions circulate there. The risk is legal, but the risk to your computer is low (if you know how to avoid malware). However, a better route exists...

offer relevant study notes and strategy simulations, respectively.

: Mandated reading at top hedge funds and market-making firms. Analytical Foundation

The book treats options as "insurance." By buying a put option against a long stock position, McMillan demonstrates how to create a "married put" that limits downside risk while keeping upside potential open. 3. Neutral Spreads and Straddles