By Lawrence G. McMillanOne of our customers recently asked a good option-related question regarding the purchasing of worthless options at expiration. This is a very common occurance so I...
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. The McMillan...
By Lawrence G. McMillanI want to spend just a moment pointing out how these market tops can unfold. One good example was in 2007. The market had just made new all-time highs in July and...
By Lawrence G. McMillanThe genie is now out of the bottle, and it's going to be very hard to put him back in again. $SPX has broken major support at 1950, and that changes things: the chart of $SPX...
By Lawrence G. McMillanWednesday was a volatile day, with prices swinging back and forth several times during the day. However, by the time that the dust settled, $SPX was virtually unchanged...
By Lawrence G. McMillanWe are going to have a slight schedule alteration for August. Since there are five Thursdays in July, and since our office is going to be closed at the end of August for three...
By Lawrence G. McMillanWe follow four main indicators, and they usually guide us in the correct direction of the markets. As noted elsewhere in this issue, price is the most important indicator of...
By Lawrence G. McMillan$SPX has now traded at a new all-time intraday high for the last three days, and it closed at a new all-time high the last two. Those new highs have been confirmed by some of...
Larry McMillan was recently interviewed on the Benzinga PreMarket Prep show where he discussed why insurance using options is important, the recent $VIX spike peak buy signal, the state of our...
By Lawrence G. McMillanThe following customer question was featured in the most recent edition of The Option Strategist Newsletter. Customer:As an alternative to buying fixed income which yields...