One of the standing guidelines that appears in every issue of The Daily Volume Alerts is:
“In positions with just outright long options (including long straddles), roll if that option becomes 10 points in-the-money or more.”
A recent subscriber asked a logical follow-up:
What should I roll to?
My answer:
For a limited time, get Lawrence G. McMillan's 14-Seminar Home Study Course for only $99 (regularly $499).
Whether you're just getting started with options or looking to sharpen advanced trading skills, this comprehensive video course gives you more than 14 hours of instruction from one of the most respected names in the industry.
Join Larry McMillan as he discusses the current state of the stock market on July 6, 2026.
Join Larry McMillan as he discusses the current state of the stock market on June 29, 2026.
Join Larry McMillan as he discusses the current state of the stock market on June 22, 2026.
Join Larry McMillan as he discusses the current state of the stock market on June 15, 2026.
In all, the correction from the early June highs to the lows of this week was about 5%. That was enough to at least temporarily remove the "bullish" designation from the $SPX chart. The Index has now fallen below its 20-day moving average, and there is resistance in the 7500-7520 area. A rise back above that area might be enough to restore the bullish scenario, but for the now the index is in a short-term negative trend.
Join Larry McMillan as he discusses the current state of the stock market on June 8, 2026.
Join Larry McMillan as he discusses the current state of the stock market on June 1, 2026.
