No one on Reddit reads this, but McMillan includes a dense section on tax implications (60/40 rule for Section 1256 contracts). This is why professional traders prefer SPX options over SPY. Missing this costs retail traders thousands in taxes.
The 5th edition includes significant updates on modern trading vehicles and technical calculations: Volatility Derivatives options as a strategic investment fifth edition pdf reddit
Yes, you can find a scanned copy on a sketchy mega-link. But Reddit veterans will warn you: It isn't a novel. Trying to read a poorly OCR'd PDF on your phone while checking your P&L is a recipe for a headache. No one on Reddit reads this, but McMillan