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The Option Strategist wins financial newsletter award

Hooray! We are very proud to announce that Lawrence G. McMillan’s The Option Strategist Newsletter has received the National Association of Active Investment Managers (NAAIM) President’s Award for Excellence in Financial Newsletter Writing.

As a recipient of the award, our newsletter has been listed on NAAIM’s website (http://naaim.org/newsletterawards.aspx) where visitors can download a sample copy.

Who's buying all those S&P 500 put options?

The following article has been featured on MarketWatch.com.

Traders are paying huge premiums for Standard & Poor's 500 Index options expiring in September, October and November.

It is not unusual to see traders worry about what might happen to the market in the typically nasty September-October time frame, but this year, they're really getting carried away.

It's time to protect stock portfolios now

The following article has been featured on MarketWatch.com.

Options have many uses, but are primarily used as a hedge by a number of investors and traders to take some uncertainty out of the market. This is well-known to professional traders, but less so for the novice option trader or, even worse, the investor who doesn't use options because he considers them to be strictly a speculative vehicle.

Macro protection for stock portfolios

The following article has been featured on MarketWatch.com.

One way to handle uncertainty in the markets is to use broad-based options to protect a portfolio of stocks. Ironically, we produced an extensive white paper on the topic of Modern Portfolio Protection in July 2007, which we tried to market to institutional investors.

Our premise was that protection was cheap, and with the market on a very non-volatile four-year run, it was time to take some defensive action for stock portfolios.


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Trading or investing whether on margin or otherwise carries a high level of risk, and may not be suitable for all persons. Leverage can work against you as well as for you. Before deciding to trade or invest you should carefully consider your investment objectives, level of experience, and ability to tolerate risk. The possibility exists that you could sustain a loss of some or all of your initial investment or even more than your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading and investing, and seek advice from an independent financial advisor if you have any doubts. Past performance is not necessarily indicative of future results.
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