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


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 interview, Lawrence G. McMillan talks about "how he measures the market's overbought and oversold status."

Educational Articles

Free Analysis Tools



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


  • 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.

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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.