Blogs

Sell In May and Go Away...or don’t

By Lawrence G. McMillan

One of the luxuries of publishing a “double issue” is that we can spread our range of topics out a bit.  That’s what this article is about.  It’s confirming and recounting some technical studies that have made their way around lately.  They don’t necessarily have anything to do with the option market directly, but they certainly have to do with market direction and volatility.  There are several technical studies presented in this article.

Weekly Stock Market Commentary 5/23/14

By Lawrence G. McMillan

The stock market is proving to be frustrating to both bulls and bears. Despite chances for each, neither camp has been able to take control. The resistance level at 1900 for $SPX has thwarted the bulls, despite making marginal new all-time highs early last week.  Conversely, the bears have had a couple of strong down days, but they have not been able to break $SPX down below support at 1860.

Why Are the Put-Call Ratios Split?

By Lawrence G. McMillan

...Equity-only put-call ratios continue to remain split, with the standard on a sell, and the weighted on a buy.  We plan to delve into why this is happening – in an article in this week’s Option Strategist newsletter – but the short answer is that traders are buying out-of-the-money, low-priced puts for protection.

Weekly Stock Market Commentary 5/16/14

By Lawrence G. McMillan

It is hard to imagine a market any more perverse than this one. Once again, there has been a failure to break out on the upside, despite some favorable (although not unanimous) technical conditions. Now $SPX has pulled back into the previous trading range, whose limits of 1810-1900 are more secure than ever.

Upside Breakout All But Confirmed ($SPX)

By Lawrence G. McMillan

Tuesday saw very little follow-through to Monday’s strong day, and that was disappointing.  Although $SPX and other major averages made marginal new all-time highs, it certainly didn’t look or feel like a good day. $SPX has technically broken out, and it has support all the way down to 1880, or even slightly below.

Weekly Stock Market Commentary 5/9/14

By Lawrence G. McMillan

The stock market continues to frustrate all but the most short-term traders.  Anyone looking for a trend to develop has not been able to find one in weeks.   Wednesday's low at 1860 is support, as is the previous week's low at 1850.  Below there, the April lows at 1810 are a major support level.  Resistance, however, exists all throughout the 1880-1900 area.

Stan’s Option Challenge: Question #6

We all know that trading options is exciting, highly competitive, and can be very profitable. The key to long term and consistent profits in option trading is options education. The McMillan Mentoring Program, which is run by former Market Maker, white badge AMEX Floor Official, professional trader, and longtime MENSA member Stan Freifeld, can take your trading to the next level.

Weekly Stock Market Commentary 5/2/14

By Lawrence G. McMillan

The stock market is stalled at the high end of its trading range (1810-1900). There is near-term support at last Monday's low of 1850.

Equity-only put-call ratios remain split.  The weighted ratio continues to decline from a recent high, and that means it's on a buy signal, while the standard ratio remains on a sell signal.

Neutralizing Greeks with Stan Freifeld- Option Education Video

Learn to put on the option position you really want with this one hour+ educational option video. Join Stan Freifeld, Director of Corporate Services and head option mentor at McMillan Analysis Corp., as he discusses his progress on a concept that he refers to as Neutralizing Greeks. Before entering a trade, traders will (or at least should) use the Greeks to determine where the significant risks are lurking.

Using Options to Generate Income and Protect Stocks Interview by Stan Freifeld

Stan Freifeld

MAC Mentoring head director and instructor Stan Freifeld was recently interviewed on Ken Robert's Bulls and Bears Report. Stan discusses some basic option strategies you can use to generate income and protect your stocks. Listen to the interview below.

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