Free Option Tools

Homepage

Market Commentary

By Lawrence G. McMillan

Stocks continue to press onward, trying to reach the January highs at 2870. Volatility has slowed tremendously, giving the impression that $SPX is struggling to reach those old highs. There is resistance 2870 (the old highs), and there is support at 2800. A violation of the 2800 level would not necessarily mean that a bear market has begun, but a violation of the lower bullish channel would.

Equity-only put-call ratios remain split. The weighted ratio is on a buy signal, while the standard ratio is merely moving sideways.

Market breadth continues to be a lagging, but interesting, indicator. Both breadth oscillators are on sell signals....

Featured Products

Recorded Intensive Option Webinar:  Volatility Trading

A 4 hour seminar download detailing various volatility trading strategies

The main focus of this 4 hour seminar is not speculation, per se (although there will some discussion of it), but...

Options as a Strategic Investment: 5th Edition

Get your autographed copy of the revised edition of the best-selling book on options*

Author:...
Probability Calculator Screenshot

Simulate the probability of making money in your stock or option position.

McMillan’s Probability Calculator is low-priced, easy-to-use software designed to estimate the probabilities...

The Option Strategist Newsletter

Analysis, Commentary, Education, and Specific Trading Recommendations on a weekly basis

In its 25th year of publication, The Option Strategist newsletter...

McMillan's Daily Volume Alerts

Daily option picks based on unusual option activity

Professional traders are well aware of the fact that an increase in a stock's option volume is often the precursor of a move by the...

McMillan's Daily Strategist

Trading or investing whether on margin or otherwise carries a high level of risk, and may not be suitable for all persons. Leverage can work against you as well as for you. Before deciding to trade or invest you should carefully consider your investment objectives, level of experience, and ability to tolerate risk. The possibility exists that you could sustain a loss of some or all of your initial investment or even more than your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading and investing, and seek advice from an independent financial advisor if you have any doubts. Past performance is not necessarily indicative of future results.
Visit the Disclosure & Policies page for full website disclosures.