fbpx Option Trading Newsletters, Education, Mentoring & Money Management | Option Strategist

Free Option Tools

Homepage

Market Commentary

By Lawrence G. McMillan

A decoupling of sorts has appeared in the market this past week. It's a bit reminiscent of the "Nifty 50" group back in the 1970's, but if today's version of those high-flyers really does have a serious correction, it will drag everything down with it, just like it did in 1973-74.

Meanwhile, on the $SPX chart in Figure 1, I've only marked a importance at this time. The two support areas are very important. The first is at approximately 3330-40. If that is violated, then that could then target the next support area, which is at 3210-3220.

Equity-only put-call ratios last gave a well-defined signal when they generated sell signals in mid-...

Featured Products

Recorded Intensive Option Webinar:  Volatility Trading

A 4 hour seminar download detailing various volatility trading strategies

The main focus of this 4 hour seminar is not speculation, per se (although there will some discussion of it), but...

Options as a Strategic Investment: 5th Edition

Get your autographed copy of the revised edition of the best-selling book on options*

...
Probability Calculator Screenshot

Simulate the probability of making money in your stock or option position.

McMillan’s Probability Calculator is low-priced, easy-to-use software designed to estimate the probabilities...

The Option Strategist Newsletter

Analysis, Commentary, Education, and Specific Trading Recommendations on a weekly basis

In its 28th year of publication, The Option Strategist newsletter remains...

McMillan's Daily Volume Alerts

Daily option picks based on unusual option activity

Professional traders are well aware of the fact that an increase in a stock's option volume is often the precursor of a move by the...

McMillan's Daily Strategist

Connect with McMillan

Follow us on TwitterTwitter Like us on Facebook Facebook Weekly Updater Email

Sign up for The Weekly Updater to receive comprehensive stock market insight each Friday for free. Enter your email address below

Recent Blogs

Feb 21
By Lawrence G. McMillan

A decoupling of sorts has appeared in the market this past week. It's a bit reminiscent of the "Nifty 50" group...

Feb 18
By Lawrence G. McMillan

Watch McMillan Analysis Corporation president, Lawrence G. McMillan, discuss the current state of the stock market...

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.
Visit the Disclosure & Policies page for full website disclosures.

-->