By Lawrence G. McMillanOption spreads are often introduced as “defined-risk” strategies — but that description barely scratches the surface. In practice, the success or failure of a spread depends on...
By Lawrence G. McMillan$SPX broke out to new all-time closing and intraday highs this week. This comes as a quick turnaround after some heavy selling just a week ago. A clear breakout would...
By Lawrence G. McMillanMany traders are drawn to buying calls and puts because of the leverage options provide. Unfortunately, that same leverage is the reason so many option buyers struggle, even...
By Lawrence G. McMillan$SPX couldn't break out on the upside, so then it decided to test the downside, breaking down below support at 6800 for two days. But that move had no follow-through either....
By Lawrence G. McMillanSince its launch in June 2020, The Daily Put-Writer has maintained consistent subscription pricing. During that time, the service has expanded significantly — with daily trade...
By Lawrence G. McMillanNaked option writing is one of the most powerful strategies available to experienced options traders — and also one of the most misunderstood. While time decay can work...
By Lawrence G. McMillanIt seems that everything is quite bullish, and we are merely awaiting confirmation from the $SPX chart. That is, we need to see $SPX trade solidly at a new all-time high in...