Free Learning Tools

Dictionary

• Free Option Glossary - A comprehensive list of option-oriented terms and their definitions.

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.
• Important Signals from "90% Days" - Lawrence McMillan, founder of McMillan Analysis, explains what he means by a "90% day," and why it can provide important signals for both traders and investors.
• Profit with Delta Neutral Positions - Learn how to increase profits and reduce risk with this simple yet effective strategy.

Educational Articles

• Option Trading Guidelines - An insightful article containing various guidelines that will generally keep you out of trouble, increase your efficiency of capital, and hopefully improve your chances of making money with options.
• Which Option To Buy  - An article explaining what contract is best in various option-buying situations.
• About Put-Call Ratios - A helpful article detailing this powerful sentiment based contrarian indicator.
• Covered Call Writing: Why Cash-Based Put Selling is Superior - An article explaining why we prefer put-selling over the traditional covered writing.
• About Our Volatility Data - An instructional guide to our historical volatility, implied volatility, and composite implied volatility percentile data.
• Volatility Skew Information - An article explaining the different types of volatility skews and how you should trade them.
• Using The Probability Calculator to Analyze Naked Put-Sales - Lean how our Monte Carlo Simulation software can aid in choosing what puts to sell.
• Why Trade “The Market”? Just Trade “Volatility” Instead! - An article explaining why predicting volatility is more feasible than prediciting prices.

Free Analysis Tools

Calculators

• Covered Call Writing Calculator - Calculate the rate of return in your cash or margin covered write positions.
• Free Probability Calculator - Calculate stock market probabilities with this easy to use Monte Carlo simulation program.

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.