Join Larry McMillan as he discusses the current state of the stock market on March 16, 2026.
Both in May 2025 and October 2025, we published articles with the above title. I won’t include them here, because they were too long, but one can find them in the archives of The Option Strategist Newsletter on the website. I will, however, summarize them. It turns out that when realized volatility and implied volatility differ by a substantial amount, it can be a market-predicting event. Here’s the quick summary, using the 20-day historical volatility of $SPX (HV20) as realized volatility and $VIX as implied volatility:
Join Larry McMillan as he discusses the current state of the stock market on March 9, 2026.
Join Larry McMillan as he discusses the current state of the stock market on March 2, 2026.
Volatility is one of the most misunderstood — and most powerful — forces in the options market. In this webinar, we go far beyond the basic definition of $VIX and examine how volatility derivatives actually behave in real market conditions. From understanding the mechanics of $VIX futures and term structure, to implementing “The Big (Volatility) Short,” to using $VIX/SPY hedged spreads during extreme discounts, this session focuses on practical strategy. If you trade options, manage portfolio risk, or use volatility products like VXX, SVXY, or $VIX options, understanding how these instruments are constructed — and when they diverge — is essential.
Join Larry McMillan as he discusses the current state of the stock market on February 23, 2026.
Join Larry McMillan as he discusses the current state of the stock market on February 17, 2026.
Join Larry McMillan as he discusses the current state of the stock market on February 9, 2026.
Join Larry McMillan as he discusses the current state of the stock market on February 2, 2026.
Join Larry McMillan as he discusses the current state of the stock market on January 26, 2026.
