By Lawrence G. McMillanThe post-Thanksgiving series of three seasonal trading periods has ended, and we are nearing the beginning of what is called the “January Defect,” when the market – and NASDAQ-...
By Lawrence G. McMillanMany option traders have read about the disaster that befell traders involved in selling condors recommended by David Chau, the self-named “Captain Condor.” To quickly...
By Lawrence G. McMillanThis week, $SPX traded at a new all-time high, just as it did last week. Then, it dropped -- in both cases. Normally, we'd like to see new highs confirmed by strongly positive...
By Lawrence G. McMillanThis session dives deep into LEAPS — how they behave differently from short-term options, where they shine, and where traders often make costly mistakes.LEAPS (Long-Term Equity...
By Lawrence G. McMillanWe’re extending our holiday special for a short time.Due to a technical issue, the holiday coupon expired earlier than intended at the end of December. That has now been...
By Lawrence G. McMillanThe $SPX Index broke out to all-time highs just before Christmas, although the Dow ($DJX) and NASDAQ-100 ($NDX) did not. There hasn't been any follow-through to the upside by...
By Lawrence G. McMillanOption spreads are often introduced as “defined-risk” strategies — but that description barely scratches the surface. In practice, the success or failure of a spread depends on...