We are proud to announce the release of Option Workbench 3.0. This upgrade to Option Workbench puts even more power in your hands with these new features:
- FREE delayed market quotes for equities, ETFs and options with the ability to upgrade to real-time for a modest price
- Execute trades with select brokers or in your Option Workbench Virtual Account
- Manage your option strategies the way option traders think
- Monitor your positions' P&L, risk and expected value in real time.
This stock market has been able to ward off even a modest correction
since the fall of 2012. However, we are now seeing a chart breakdown
accompanied by sell signals from some of our most trusted indicators.
If the bears can't make some hay with this environment, I would be
surprised.
Equity-only put-call ratios have rolled over to sell signals.
And so it begins. Sell signals have been registered, and it is possible that more will follow. $SPX closed off nearly 10 points yesterday, as attempts to rally all afternoon eventually failed, and the index closed near its lows. S&P futures have traded another 5 points lower overnight. This activated the “modified Bollinger Band” sell signal.
Often at expiration, an option trader will have in-the-money options that need to be either exited or rolled. Market makers know this and purposely widen the spreads in the market so that the bid for the option is below parity. On expiration day, the option has a value of at least parity so the astute trader must always make sure he exits the position at parity or higher. For a put, parity is the strike price minus the underlying price.
We are proud to announce the release of Option Workbench 3.0! This upgrade to Option Workbench puts even more power in your hands with these new features:
This week's action makes the $SPX chart bullish (how could it be anything else when trading at new all-time highs?).
There is no technical resistance for a chart at new all-time highs. There is support at 1850 (which had been resistance), then at 1825- 1835 below that. It is our opinion that a close below 1825 would be quite negative.
Equity-only put-call charts continue to be bullish.
This is the time of year when many organizations have their annual conferences, many of which are open to the general public. The quality of the presentations at these conferences is far higher than at general trade shows, for the audience is primarily professionals, and so the speakers are of the highest quality.
In this MoneyShow.com interview, Lawrence G. McMillan talks about "how he measures the market's overbought and oversold status." Larry discusses breadth oscillators and modified Bollinger Bands, and details calculations and provides signal pramaters. Watch the video at Moneyshow by clicking the image below.
We all know that trading options is exciting, highly competitive, and can be very profitable. The key to long term and consistent profits in option trading is options education.
