fbpx Option Trading Newsletters, Education, Mentoring & Money Management | Option Strategist

Free Option Tools

Homepage

Market Commentary

By Lawrence G. McMillan

The action over the past few days has been just above those old relative highs at 2955, but has certainly not been a true breakout from the previous trading range. The high this week was 2980.

There is now support at that low from May 14th (2765), as well as the bottom of the trading range (2720) and then at 2650, where some work was done in late March and early April. The next resistance area if the market should rally further, is at 3000 (the 200-day moving average is there) and 3020 (the area of the July and September 2019 temporary highs.

Equity-only put-call ratios remain on buy signals, since they are still falling. The standard ratio (...

Featured Products

The Daily Put-Writer Newsletter

Put-Sale Candidates and Trades on a Daily Basis

The Daily Put-Writer is McMillan Analysis Corp.'s daily newsletter service for the avid put-seller. Delivered each afternoon, The Daily Put...

Options as a Strategic Investment: 5th Edition

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

...
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 28th year of publication, The Option Strategist newsletter remains...

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

Connect with McMillan

Follow us on TwitterTwitter Like us on Facebook Facebook Weekly Updater Email

Sign up for The Weekly Updater to receive comprehensive stock market insight each Friday for free. Enter your email address below

Recent Blogs

May 22
By Lawrence G. McMillan

The action over the past few days has been just above those old relative highs at 2955, but has certainly not been...

May 21
By Lawrence G. McMillan

This article was originally published in ...

May 20
By Lawrence G. McMillan

This article was originally published in ...

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.

-->