By Lawrence G. McMillan

Join McMillan Options Mentoring head mentor, Stan Freifeld, for his Profiting with Delta Neutral Positions webinar from the February 2020 Online Traders Summit. Watch below or click here.

By Lawrence G. McMillan

Watch McMillan Analysis Corporation president, Lawrence G. McMillan, discuss the current state of the stock market.

By Lawrence G. McMillan

The S&P 500 Index ($SPX) broke out to new all-time highs again this past week, and now has closed at a new all-time high or traded at a new intraday all-time high on six of the last seven trading days. That keeps the $SPX chart bullish. There should be some support near the 3340 area, which was the old highs that were exceeded this week.

By Lawrence G. McMillan

This article was originally published in The Option Strategist Newsletter Volume 18, No. 13 on July 10, 2009. 

Everyone enjoys a good speculation now and then – even the most confirmed hedged trader. However, there are a lot of ways to handle a speculative position once it’s in place. In this article, the main focus is going to be on when and where to take profits – as opposed to cutting losses. We’re going to look at several partial profit strategies in an attempt to show what one is really doing to his position in the name of taking profits.

By Lawrence G. McMillan

This article was originally published in The Option Strategist Newsletter Volume 6, No. 3 on February 6, 1997. 

At the Futures South Conference last month, there was a lot of talk about delta neutral strategies. We're going to take a look at what these strategies are, and why they're not as profitable and easy to operate as some advisors would have you believe. I have mentioned in the past that I have some trepidation that too many traders are embarking on delta neutral strategies without understanding that — like any other strategy — they involve work to operate profitably.

By Lawrence G. McMillan

Watch Lawrence G. McMillan's discuss the current state of the stock market.

By Lawrence G. McMillan

The swift rally that took place over the last week has left the indicators in a mixed state, with some of the longer-term indicators still in a bearish mode after the major overbought conditions that existed in late January. On the other hand, short-term indicators gave some oversold buy signals, and those have certainly carried the day this week.

By Lawrence G. McMillan

Watch the recording of Lawrence G. McMillan's "The Current State of The Market-Predicting Option Indicators" Festival of Traders webinar from yesterday below.

By Lawrence G. McMillan

This article was originally published in The Option Strategist Newsletter Volume 9, No. 16 on August 24, 2000. 

It is somewhat common knowledge amongst option traders that the CBOE’s Volatility Index ($VIX) can be used as a predictor of forthcoming market movements. In particular, when volatility is trending to extremely low levels – as it is doing now – it generally means that the market is about to explode. In this article, we’ll put some “hard numbers” to that theory and we’ll also look at alternate measures of volatility (QQQ and the $OEX stocks themselves) to see what they have to say.

By Lawrence G. McMillan

Watch option strategist, Lawrence G. McMillan, discuss the current state of the stock market.