Jun, 15, 2011
By Lawrence G. McMillanYesterday’s rally has quickly been forgotten, as the market has cascaded downward today in a series of three large drops. This is further evidence of the fact that...
Jun, 15, 2011
Optionstrategist.comThe June VIX Futures settled at 19.73 this morning ($VRO), up $1.71 from the May expiration. This month's settlement is the 2nd highest this year and is the 2nd consecutive...
Jun, 14, 2011
By Lawrence G. McMillanThis is expiration week. In-the-money put open interest is dominant over in-the-money call open interest, and that is negative. However, the market would have to...
Jun, 11, 2011
By Lawrence G. McMillanFor the first time since January 7, 2009, the CBOE Equity-Only Put-call ratio is above 1.00. On Friday (June 10th), nearly 880,000 puts traded, while slightly less than...
Jun, 10, 2011
By Lawrence G. McMillanThe broad stock market has been under more selling pressure in the last two weeks than in the previous nine months. Intermediate-term indicators are all bearish at the...
Jun, 09, 2011
By Lawrence G. McMillanWe normally follow the equity-only put-call ratio as one of our main contrarian indicators. However, there is another put-call ratio that we follow from time to time, as...
Jun, 09, 2011
By Lawrence G. McMillanFor the first time in quite a while, the bulls seem to have no power. Rallies are weak and quickly fade to new lows. Oversold conditions that, in the recent past, would have...
Jun, 08, 2011
By Lawrence G. McMillanTuesday's market action was extremely negative. A rally attempt stalled out in the afternoon, and that was bad enough considering the amount of oversold conditions that...
Jun, 07, 2011
By Lawrence G. McMillan$VIX spiked up to almost 20 last Friday and then reversed back downward to nearly 17. Currently, it stands at 17.82. A spike peak reversal of that magnitude is at...
Jun, 07, 2011
An increase in the trading of a stock's options over the normal daily volume is often a precursor of movement by the stock itself. This is especially true in advance of news items, such as...
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