Recent Blogs

Feb, 12, 2016

Additions to the Volatility Trading Spectrum

By Lawrence G. McMillanThe CBOE is introducing two new variations on volatility products. The first is that there will be weekly $SPX options expiring on Wednesdays (“Wednesday weeklys” is what...

Feb, 08, 2016

Is It 2008 All Over Again? (Preview)

By Lawrence G. McMillanThe current year started off in a very similar manner to 2008, with the market dropping sharply through the Martin Luther King holiday. The year 2008 surely conjures up...

Feb, 05, 2016

Weekly Stock Market Commentary 2/5/16

By Lawrence G. McMillanStocks continue to have trouble rallying, but at least support has shown up in the 1870 area of $SPX. If that level is broken on a closing basis, it would mark the end of any...

Feb, 01, 2016

mBB Buy Signals After Extremely Large Market Declines

By Lawrence G. McMillanA “modified Bollinger Band” (mBB) buy signal is nearly upon us. It almost occurred today (Thursday, January 13th), but missed by a couple of points. We began to...

Jan, 29, 2016

Weekly Stock Market Commentary 1/29/16

By Lawrence G. McMillanThe market has finally stabilized to some extent. Even though $SPX had wide swings in the past week, there was a net gain over the past five trading days.There is strong...

Jan, 25, 2016

Composite Implied Volatility

By Lawrence G. McMillanComposite Implied Volatility (CIV) – for an individual stock – is calculated by weighting the individual implied volatilities of each option that traded on that stocks, by...

Jan, 25, 2016

mBB Buy Signals After Extremely Large Market Declines (Preview)

By Lawrence G. McMillanA “modified Bollinger Band” (mBB) buy signal is nearly upon us. It almost occurred today (Thursday, January 13th), but missed by a couple of points. We began to...

Jan, 22, 2016

Weekly Stock Market Commentary 1/22/16

By Lawrence G. McMillanStocks remain under extreme pressure, but it finally looks like the oversold conditions are starting to have some effect. An oversold rally is now underway.You can see, in...

Jan, 15, 2016

Weekly Stock Market Commentary 1/15/16

By Lawrence G. McMillanThe fall in the price of $SPX has continued, adding to the worst start of any year -- ever. As a result, there are severe oversold conditions, and buy signals are pending on...

Jan, 11, 2016

Another Volatility Crossover System ($VXST $VIX $VXV $VXMT)

By Lawrence G. McMillanRecently, the CBOE’s Volatility Index ($VXST) closed above all three of the other CBOE Volatility Indices. At the time, it struck me as being a rather rare occurrence,...

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