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 iOptions as a Strategic Investment igives 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. pInside 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 p-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 option