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

Free Option Tools

Homepage

Market Commentary

By Lawrence G. McMillan

The market is still struggling to find direction, as it remains mired in a narrowing trading range. The "outside" parameters are support at 4330 and resistance at 4540. I continue to feel that a move outside of that range will generate significant, tradeable momentum for the broad market. However, $SPX has recently been trading in an even narrower range than that, after having found some support near the 20-day Moving Average, at 4450.

Equity-only put-call ratios continue to be our most negative indicator. At one point this past week, both ratios curled over for a couple of days, and it seemed that buy signals might be forming. But that was proven...

Featured Products

Special Situation Alerts

A Daily Service Featuring Distressed Stocks, Special Situations and Event-Driven Option Trades.

Special Situation Alerts is McMillan Analysis Corp.'s newsletter service designed for the...

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...

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

Sep 18
By Lawrence G. McMillan

Join Larry McMillan as he discusses the current state of the stock market on September 18, 2023.

...
Sep 15
By Lawrence G. McMillan

The week after September expiration (i.e., the week after the third Friday of September) is historically a very...

Sep 15
By Lawrence G. McMillan

The market is still struggling to find direction, as it remains mired in a narrowing trading range. The "outside"...

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.

-->