By Lawrence G. McMillanThis article was originally published in The Option Strategist Newsletter on 7/30/2021.One of the tougher choices an option trader faces is what to do with a profitable...
By Lawrence G. McMillanLast week, the market experienced both a 90% down day and a 90% up day—an uncommon and potentially concerning combination. These “90% days,” defined by extreme imbalances in...
By Lawrence G. McMillanVolatility has returned to the market in full force. With major indices swinging sharply and investor sentiment shifting rapidly, it's more important than ever to rely on...
By Lawrence G. McMillanWildly volatile markets have dominated the scene since last Friday. These are interesting times, but filled with traps. $SPX traded all the way down to 4900, eventually...
By Lawrence G. McMillanWhat had been a mediocre, oversold rally failed right where such rallies normally do -- at the declining 20-day moving average. It just so happened that the 200-day moving...
By Lawrence G. McMillanWith the recent market sell-off, some traders have been shifting from selling puts to writing covered calls. The argument is that selling puts in a declining market is riskier...
By Lawrence G. McMillanThe current rally in $SPX is behaving very much likely a typical oversold rally and not something stronger. $SPX rallied up to its declining 20-day Moving Average, and overshot...