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

Free Option Tools


Market Commentary

By Lawrence G. McMillan

The oversold rally that was underway last week ran out of steam as soon as it ran into the declining 20-day moving average of $SPX. There is now resistance at 2650. The 2175-2190 level still qualifies as support, and it has not been tested at all.

The equity-only put-call ratios remain on buy signals, despite the fact that they have curled up ovhe past few days. These buy signals would be canceled if the ratios rise to new highs.

Market breadth continues to swing wildly back and forth For the record, both breadth oscillators are still on sell signals after a terrible day on Wednesday, which was a very decisive "90% down day."


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*

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

Apr 6
By Lawrence G. McMillan

Join McMillan Analysis Corporation president, Lawrence G. McMillan, as he discusses the current state of the stock...

Apr 3
By Lawrence G. McMillan

The oversold rally that was underway last week ran out of steam as soon as it ran into the declining 20-day moving...

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.