By Lawrence G. McMillanWe have been operating an event-driven straddle buying strategy in advance of earnings for several months now, with mostly favorable results. However, this week something...
By Lawrence G. McMillanThe chart of $SPX is the least bullish of the indicators. SPX remains in the 2040-2135 trading range that has bound it for most of this year. Basically this is a neutral chart...
Lawrence G. McMillan's market classic, Options as a Strategic Investment, was recently listed as one of the top five option trading books by The Option Prophet's Adam Beaty. He writes:If you could...
By Lawrence G. McMillanWith this issue, we attempted to return to the normal publishing schedule – the 2nd and 4th Thursdays of the month. However, due to some scheduling issues, the full...
By Lawrence G. McMillan$SPX now appears to failing at the top of the range, thereby remaining within the 2040 - 2135 trading range. Hence, the $SPX chart remains neutral as long as it's in that...
By Lawrence G. McMillanThe CBOE has listed $VIX weekly futures – their third attempt at a weekly volatility product that might compete with VXX weekly options. Trading began on July 23rd...
By Lawrence G. McMillanThe oversold conditions that existed last week generated a strong week-long rally. The move above 2100 was constructive, but the chart won't really turn bullish until new...
By Lawrence G. McMillanThe $SPX chart is now negative, although not terribly so. $SPX traded down to 2045 a couple of days, and has generally found support in the 2040-2050 area. Overhead, there is...
By Lawrence G. McMillanIt’s been quite some time since we’ve seen the CBOE Volatility Index ($VIX) rise above the 17 level – since early February, in fact. But it did so this...
By Lawrence G. McMillan$SPX broke down this week as a confluence of potentially bad international news out of Greece, Puerto Rico, and China combined to strike fear into what had been long-complacent...