By Lawrence G. McMillanIn this article from our archives, we delve into the intricacies of option decay, focusing on the differences in how in-the-money (ITM), at-the-money (ATM), and out-of-the-...
By Lawrence G. McMillanIf you measure the stock market by $SPX, it's doing great. $SPX has closed at a new all-time high on seven of the last eleven trading days. Some other indices, and market...
By Lawrence G. McMillanWhen there is a divergence between the cumulative breadth indicators and the stock market itself ($SPX), it sometimes warns of a major market top. We follow cumulative volume...
By Lawrence G. McMillan At the current time, $SPX is making new all-time highs daily (four days in a row and five of the last seven). Hence, the $SPX chart is very bullish. There is a support...
By Lawrence G. McMillanWe all know there are risks to 0DTE trading – mostly the swift time decay, changing delta and gamma, and potentially violent price moves by the underlying. But serious...
By Lawrence G. McMillanJust a week ago, $SPX had broken down below support at 5260, and it seemed like the bears might be flexing their muscles. But it was a weak decline, which abruptly turned...