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Larry McMillan Discusses the Current Market in his Benzinga Interview

Larry McMillan was recently interviewed on the Benzinga PreMarket Prep show where he discussed why insurance using options is important, the recent $VIX spike peak buy signal, the state of our indicators, common option trading mistakes and much more. Watch the interview below.

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.

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