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About
The Strategy Zone
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I
can't see myself ever trading again without the Zone. It's a
light in a dark room that just switched on, yet now I feel
like a blind man who has more enhanced use of the other senses
newly acquired because the noise from too much information is
gone. I've even had good luck with the OEX just on Mr
McMillan's daily market commentary. - A. Leone |
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Let
me tell you that this is by far the most professional site
that offers the most interesting and effective tools to the
active trader.
O. Atal |
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"This
is truly outstanding information for the price."
Mark G. |
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"Since
I'm more interested in data and screens than in specific
recommendations (for now at least), The Strategy Zone is
a really amazing resource -- your services just keep getting
better!"
D. Fylstra |
We're
proud to launch this new section of our web site. Subscribers --
especially those inclined to "do it yourself" -- will find
The Strategy Zone chock full of valuable information. Each section
contains data on stock, index, and futures options.
There
is a large amount of data updated daily, on a number of topics.
Strategists who like covered writes, straddle buying, and calendar
spreads will find a number of lists designed to
identify potentially profitable trades. Those traders interested in
data will find a number of volatility reports useful -- including
listings of historic and implied volatilities of everything that
trades options, as well as volatility skews (useful for
backspreaders and ratio writers), and extreme volatility readings
(useful for volatility traders). In addition, every option is
analyzed each night, and the resulting risk measures (the
"Greeks") are posted, along with a few interesting reports
listed as 'unusual activity' which can help spot profitable stock
trades through analysis of their option activity.
The
next section of The Strategy Zone is an archive section, where past
issues of our newsletter and market commentary updates can be
viewed. These are most useful for three purposes 1) to read the
educational articles in past issues of The Option Strategist, 2) to
follow my thoughts on past market cycles via the updater and/or
hotline postings, and 3) to get a feeling for how our subscription
newsletters approach trading, as a precursor to subscribing for a
current newsletter subscription.
A
most valuable tool, the Probability Calculator, is available to all
subscribers. It uses a sophisticated Monte Carlo analysis in order
to project the probability of the underlying ever trading at either
or both of two target prices at any time during a specified time
period.
Finally,
the site contains charts. Nearly 200 put-call ratio charts are
posted daily, including both "weighted" and
"standard" graphs, along with an unscaled chart of the
underlying on the same graph. Put-call ratio charts are a very
valuable tool for sentiment-based, contrarian analysis. Also, our
latest addition is the posting of 300 or more implied volatility
charts daily. These charts show the implied volatility history for
the past year, again with an unscaled chart of the underlying.
Enjoy
yourself. Be sure to look around to discover all of the data
available. And let us know if you have any suggestions, or encounter
any problems.
Lawrence
G. McMillan
President, McMillan Analysis Corp.
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