The main focus of this 4 hour seminar is not speculation, per se (although there will some discussion of it), but rather the use of volatility trading option strategies to put the odds of success in your favor.

First, there is a complete discussion of the products in the newest asset trading class – Volatility – including futures, options, and ETN’s. Hedged strategies to take advantage of distorted volatility market constructs are also demonstrated.

A large portion of the seminar addresses the use of options theory to trade the more popular option strategies. These theories include the application of implied volatility, volatility skews, expected return, and risk management. The strategies covered in this regard include covered writing, naked put selling, credit spreads, calendars spreads, ratio spreads, backspreads, and straddle buying. The use of weekly options in some of these strategies can make them highly profitable.

This 4 hour intensive webinar includes an array of highly profitable, successfully tested trading systems. Some of these are day-trading systems, including the powerful Previous Daily Range system, while others are of a longer term. The power of the content in this discussion alone makes the webinar worthwhile.

Detailed Seminar Outline

- Introductory Material: definitions, tools, & software

- Volatility Derivatives

• VIX futures
• VIX options
• Volatility ETN’s and ETF’s
• Hedged Strategies

- Volatility Trading w/ Equity Options

• Percentiles
• Expected Return
• Risk Management
• Covered Calls/Overwriting
• Naked Option Writing/weeklys
• Credit Spreads
• Calendar Spreads/weeklys
• Straddle Buying
• Ratio spreads
• Backspreads

- Trading Systems

• Day-trading:
           - Previous Daily Range
           - Fade the Dow
           - “90% Days”
           - Total Put-call one-day
• Oscillator
• October Seasonal
• January Seasonal
• January Defect
• VXX/XIV

In this seminar, we will explore the various ways that options can be used to hedge individual stock positions, as well as hedging an entire portfolio with index options. Individual stock hedging strategies would include collars, covered call writes, and married puts, among others.

In addition, index option strategies for protecting entire portfolios would include hedges using stock-based indices, such as the S&P 500 (SPX) options, as well as volatility protective strategies, using VIX or VXX options. Portfolio protection techniques will also demonstrate how to relate your personal stock portfolio's volatility characteristics to those of the available heding indices.

Included in the portfolio protection techniques will be a discussion of available products in the newest asset trading class—volatility—including futures, options, ETNs, and ETFs. You will learn about the advantage of "blended" ETFs (ones with protection already built in), such as the CBOE's Tail Hedge Index or Barclay's VEQTOR ETN.

In addition, as is always the case with McMillan seminars, we will divulge and update our highly profitable trading systems, including the Previous Daily Range system. This will include the timely "January Seasonal" strategy, which can be implemented shortly after the seminar takes place. The power of the content in this portion of the seminar alone makes the seminar worthwhile.

Seminar Outline

- Introductory Material: definitions, tools, & software

- Portfolio Protection

• Micro Strategies
           - Covered call overwriting
           - Collars
           - Married puts

• Macro Strategies
           - Index protection
           - Volatility protection

- Trading Systems

• Day-trading:
           - Previous Daily Range
           - First Day of the Month
• VXX/XIV

The main focus of this seminar is speculation, —how to trade directional positions in options and stocks, and how to use options to your advantage while doing so.

Option data itself can be used as directional indicators. Sometimes these are direct indicators, meaning that "smart money" is operating in the option market. We will look at techniques for spotting and trading that activity. The discussion of contrary techniques will extend into other areas as well, all technically based that have been researched and developed into trading systems.

Finally, as is always the case with McMillan seminars, Larry will divulge and update his highly profitable trading systems, including the Previous Daily Range system, the October Seasonal Trade, and others. The power of the content in this portion of the seminar alone makes the seminar worthwhile.

Seminar Outline

- Introductory Material: definitions, tools, & software

- Speculating With Options

• Contrary Indicators
• Using Volatility Derivatives to Speculate
• Direct Indicator
• Event-Driven Trading

- Trading Systems

• Day-trading:
           - Previous Daily Range
           - Fade the Dow
           - “90% Days”
           - Total Put-call one-day
• Oscillator
• October Seasonal
• January Seasonal
• January Defect
• VXX/XIV