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Q&A with McMillan: The Diagonal Collar

By Lawrence G. McMillan

The following customer question was featured in the most recent edition of The Option Strategist Newsletter

Weekly Stock Market Commentary 7/18/14

By Lawrence G. McMillan

Well, the market finally found something it couldn't shake off -- at least not right away -- on the geopolitical front. Normally, this wouldn't be a big deal, but an overbought, somewhat nervous market can react to this type of news dramatically, and it did. So what is the real overall effect?

The Option Strategist Newsletter Volume 23, No. 13 Preview

By Lawrence G. McMillan

This week’s feature article is a bit longer than usual, but with volatility at such low levels, and so many traders and media talking about it, I wanted to describe how volatility hedged positions should be viewed.

Weekly Stock Market Commentary 7/11/13

By Lawrence G. McMillan

For the first time in a while, some sell signals are beginning to creep into our indicators, and the broad stock market is selling off. So far, the damage has been controlled, but Thursday's sharply down opening shows that there is the potential for some heavy selling if there is perceived danger. $SPX has support at 1950 and 1925, and even at 1900 below that.

Equity-only put-call ratios are in agreement, and they are both on sell signals.

Hedging With Volatility Options $VIX $VXO

By Lawrence G. McMillan

We have written many articles in the past about how to hedge a portfolio with $VIX options, but in this article we are going to expand the discussion somewhat.  Not only are there more products than mere $VIX options, but the concepts of hedging with volatility options extends beyond mere portfolio protection into quasi-arbitrage strategies and then into more creative speculative (but still hedged) strategies. 

Short-Term Correction, or More?

By Lawrence G. McMillan

The market finally suffered some selling yesterday.  This didn’t cause any more of our indicators to turn negative, but breadth indicators are getting close.  Even so, we have enough sell signals in place to call for at least a short-term correction.  One of the more bullish things, though, is that the parade of “analysts” on CNBC is uniformly bearish.  This includes a number who are perma-bulls for the most part; but now they are calling for a correction.

Stan’s Option Challenge: Question #8

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 7/3/14

By Lawrence G. McMillan

$SPX is once again making new all-time highs. $SPX now has support at or near the 1950 area, which was the low of the most recent "correction." Below that there is support at 1925, where $SPX bottomed last week. The major support is at 1900, where a lot of work was done between March and May.

The Option Strategist Newsletter Volume 23, No. 12 Preview

By Lawrence G. McMillan

The feature article details a shortterm seasonal systems that lasts for just one week. It actually pertains to the week that is just ending, and we outlined the system in last week’s Hotline, using it to hold onto SPY puts. The full explanation of the system is in this issue, and we will employ this system again in the future.

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

Join Stan Freifeld, Director of Corporate Services and head option mentor at McMillan Analysis Corporation for this complimentary webinar recording. Assuming full regulatory approval by the SEC, Binary Return Derivatives (affectionately known as ByRDs), will begin trading in September of 2014. This new and innovative product has characteristics that are similar to Puts and Calls but there are also some significant differences.

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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