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Weekly Stock Market Commentary 11/28/14

By Lawrence G. McMillan

The stock market, as measured by the Standard & Poors 500 Index ($SPX) continues to march upward at a dizzying pace. The market is overbought, and if $SPX violates support at 2060, we could finally see a correction.

Equity-only put-call ratios remain on buy signals. You can see from Figures 2 and 3 that the ratios are still trending downward. That is bullish.

Both of the breadth indicators remain on buy signals, and they are modestly in overbought territory.

Time For Collars?

By Lawrence G. McMillan

With the stock market at all-time highs, and many stock holders sitting on large gains, thoughts often turn to options as a hedging technique. For stock owners, there are two ways to provide protection to a portfolio: 1) macro protection, which involves the use of index options to hedge a entire portfolio’s risk, or 2) micro protection, which involves the use of individual options on each stock in the portfolio.

McMillan Announces 2014 Black Friday Specials

We will be offering some pretty great discounts on McMillan's top educational products as part OptionStrategist.com's Black Friday promotion.

Weekly Stock Market Commentary 11/21/14

By Lawrence G. McMillan

The stock market advance is relentless.  It has refused to correct for more than a day since bottoming over a month ago and over 230 points lower., but it is up another 12 points in overnight trading as I write this.  The chart of $SPX is bullish because it remains in an uptrend.

Equity-only put-call ratios remain on buy signals, as they continue to drop sharply almost daily.    

Binary Options - The ByRDs Are Coming! Part 2 - Option Education Video

Join Stan Freifeld, Director of Corporate Services and head option mentor at McMillan Analysis Corporation for this complimentary webinar event. Binary Return Derivatives (affectionately known as ByRDs) are now scheduled to begin trading before yearend 2014. This new and innovative product has characteristics that are similar to Puts and Calls but there are also some significant differences. Join Stan as he discusss these new binary options and strategies for trading them.

The Option Strategist Newsletter Volume 23, No. 21 Preview

By Lawrence G. McMillan

The fall of the year sees more seasonal trading patterns than the rest of the year.  Two more major seasonal trades are discussed in the feature article: the Heating Oil-Gasoline spread, and the Post-Thanksgiving Buy signal.  Both have worked well often in the past, although not every year.  Recommendations are made for both.

More Seasonal Patterns

By Lawrence G. McMillan

The fall of the year is ripe with seasonal patterns not only for stocks, but also for Heating Oil and Gasoline. Since we last published, we had a very successful trade from the October Bullish Seasonal pattern. Now we have to look forward to some others that are on the very near-term horizon. These are not the ones related to Christmas and the new year – those are often more vague and less profitable to trade.

Weekly Stock Market Commentary 11/14/14

By Lawrence G. McMillan

It has been a great stock market rally, with $SPX advancing 200 points in about a month.  But the advance is slowing, and sell signals are setting up (although none has actually been confirmed yet).

$SPX has minor support at 2030 and also below there, at 2000.

Equity-only put-call ratios have remained solidly on buy signals for nearly a month.  They are dropping rapidly on their charts, and it's bullish for stocks as long as they continue to decline.

Introducing McMillan's Latest Option Seminar Course

Renowned option analyst and best-selling author Lawrence G. McMillan is proud to announce his latest edition to his Intensive Option series, the Intensive Option Webinars: Volume 1. Containing over 9 hours of valuable information, this USB flash-drive video set features three of McMillan's most popular seminar topics, specifically Volatility Trading, Modern Portfolio Protection, and Speculative Option Trading.

Sell Signals Are Budding

By Lawrence G. McMillan

The bears seemed to have the fight knocked out of them by the big rally from 1820 (on Oct 15th) to here. $SPX moved steadily higher yesterday, and closed at another new all-time high. Meanwhile, the upper 4-sigma “modified Bollinger Band” (mBB) continues to decline because of the decrease in volatility. It is now just below 2021, and with $SPX at 2038, you can see that it’s quite a ways above that Band – in overbought territory, if you will.

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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