Free Learning & Analysis Tools

Welcome to Larry McMillan's Free Learning and Analysis Tools section, your destination for option education and trading resources including free option data and software to aide you in your option trading.

Free Learning Tools

Dictionary

Educational Webinars/Videos

  • The Various Volatilities  - A one hour plus discussion on the similarities and differences between Historical Volatility, Future Predicted Volatility and the all important Implied Volatility.
  • An Introduction to The Greeks - A one hour plus seminar explaining how your option positions will react to changes in price, time, volatility, etc.
  • Profit with Delta Neutral Positions - Learn how to increase profits and reduce risk with this simple yet effective strategy.
  • A Beautiful Equation  - A video detailing the formula for put/call parity that keeps the pricing of options in line.
  • Probability and Expected Value - Learn to determine the optimal way to allocate your investment capital.
  • Tools to Gauge the Stock Market - In this MoneyShow.com interview, Lawrence G. McMillan talks about "how he measures the market's overbought and oversold status."

Educational Articles

Free Analysis Tools

Calculators

Data

  • Free Volatility Data - Historical Volatility data, Implied Volatility data, and the Current Implied Volatility Percentile for all stock, index and futures options updated weekly

Charts

  • Weekly Charts - S&P 500 (SPX), CBOE Market Volatility Index (VIX), 21-Day Equity Only Put Call Ratio (PC21), and Weighted 21-Day Equity Only Put Call Ratio (PC21 w) charts updated each Friday

Tutorial Videos

  • Option Workbench Tutorials - These recordings of the "Intro to Option WorkBench" and "Advanced Risk Analysis Using Option Workbench" webinars will help users understand and use the powerful Option Wokbench software.

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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Testimonials*:  Testimonials are believed to be true based on the representations of the persons providing the testimonials, but facts stated in testimonials have not been independently audited or verified. Nor has there been any attempt to determine whether any testimonials are representative of the experiences of all persons using the methods described herein or to compare the experiences of the persons giving the testimonials after the testimonials were given. You should not necessarily expect the same or similar results.