Stan comes to us from the Floor of the American Stock Exchange where he traded options for his own account from 1994-2001. He was a Market Maker for the options on several active equities.
His knowledge of the rules and regulations of the Exchange, combined with his reputation for honesty, integrity, and fairness enabled him to be appointed as a Floor Official where he served on several Exchange Committees.
After graduating from the State University of New York at Stony Brook as a double major in pure and applied mathematics, Stan became one of the youngest members of the prestigious Society of Actuaries. In 1993 he was a Principal of a pension consulting firm. When his company was sold, Stan used the proceeds to obtain a seat on the Exchange and set up a trading company. He never looked back and the rest is history.
When not trading, Stan relieves his stress by playing squash, competing in road rallies with his Ferrari Cabriolet and tutoring local students for the SAT’s.
Stan, a long time MENSA member, is an engaging teacher with an extraordinary background in options trading and risk management. He is helpful and patient by nature and equally at ease with all levels of traders, from complete novices to advanced pros and academics.
Professional trader Lawrence G. McMillan is perhaps best known as the author of Options As a Strategic Investment, the best-selling work on stock and index options strategies, which has sold over 200,000 copies. An active trader of his own account, he also manages option-oriented accounts for certain individuals. In a research capacity, he edits and contributes to his firm’s publications: Daily Volume Alerts, The Option Strategist and The Daily Strategist – derivative products newsletters covering equity, index, and futures options. Finally, he speaks on option strategies at many seminars and colloquia in the United States, Canada, and Europe. He is often seen on CNBC and Bloomberg TV and is quoted in publications such as The Wall Street Journal, Barron’s, Technical Analysis of Stocks and Commodities, Data Broadcasting’s “Exchange” magazine, Futures Magazine, theStreet.com, Active Trader Magazine and many others.
In these capacities, he is the President of McMillan Analysis Corporation, which he founded in 1991.
Prior to founding his own firm, Mr. McMillan was a proprietary trader at two major brokerage firms – primarily Thomson McKinnon Securities, where he ran the Equity Arbitrage Department for nine years.