By Lawrence G. McMillanStocks have hunkered down into an even narrower trading range this week, although intraday volatility has seen some large moves. As a result, $SPX is still in the confines of...
By Lawrence G. McMillanHere’s a chart that we haven’t revisited in a while. It shows the composite value of $VIX (actually, $VXO in the early years) from 1989 through 2022. In reality, the CBOE...
By Lawrence G. McMillanI have known Paul Stevens since the 1970’s. He has had a long a successful career in the options arena. Paul (an English major in college) was kind enough to write up some...
By Lawrence G. McMillanEveryone seems enamored with zero day to expiration (0DTE) options. Trading volume has been huge, and no one exactly seems to know why. The conventional wisdom is that market...
By Lawrence G. McMillanStocks are still stuck in a trading range. The wider range has its lows in the 3760-3850 area (the lows of both December and March). The narrower, more recent range has its...
By Lawrence G. McMillanShelly Natenberg is best-known as author of the book, Option Volatility and Pricing. He is respected as both a trader and an educator in the option business.Q: As I’ve...
By Lawrence G. McMillanJoin Larry McMillan as he discusses the current state of the stock market on May 1, 2023.Click here to view this week's charts »This Market Commentary is an abbreviated version...
By Lawrence G. McMillanBill Brodsky was the CEO and Chairman of the CBOE from 1997 to 2013 and continued on as Chairman until 2017. Bill was involved in the listed option markets from the beginning...
By Lawrence G. McMillanStocks had been drifting in a tightening range, causing realized volatility to shrink, and boring the heck out of traders -- even though intraday swings were still present....