By Lawrence G. McMillanNow that January is here, the first of two “classic” January indicators is in place. That is the result of the first five trading days of January. Here are the...
By Lawrence G. McMillan$SPX made another new all-time high on both January 9th and 12th -- the first time it's made new all-time highs on back-to-back days since last October. That would indicate a...
By Lawrence G. McMillanEarnings announcements, biotech news, and corporate events often create sharp price gaps and extreme option pricing distortions. In our latest write-up, we outline a practical...
By Lawrence G. McMillanThe post-Thanksgiving series of three seasonal trading periods has ended, and we are nearing the beginning of what is called the “January Defect,” when the market – and NASDAQ-...
By Lawrence G. McMillanMany option traders have read about the disaster that befell traders involved in selling condors recommended by David Chau, the self-named “Captain Condor.” To quickly...
By Lawrence G. McMillanThis week, $SPX traded at a new all-time high, just as it did last week. Then, it dropped -- in both cases. Normally, we'd like to see new highs confirmed by strongly positive...
By Lawrence G. McMillanThis session dives deep into LEAPS — how they behave differently from short-term options, where they shine, and where traders often make costly mistakes.LEAPS (Long-Term Equity...
By Lawrence G. McMillanWe’re extending our holiday special for a short time.Due to a technical issue, the holiday coupon expired earlier than intended at the end of December. That has now been...