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Intermarket Spreads
By Lawrence G. McMillan

We’ve added another full-length educational webinar to The Option Strategist Substack library: Intermarket Spreads.

In this session, Larry McMillan explains how some of the highest-probability opportunities come not from predicting market direction, but from trading one related market against another. The video covers the mechanics of intermarket spreads across stocks, ETFs, futures, and volatility, along with how options can be used to improve risk-reward and create multiple paths to profit.

In this webinar, we cover:

  • What intermarket spreads are and why they can outperform outright directional trades
  • How to construct proper ratios using price, volatility, and contract size
  • Using in-the-money options to improve spreads and control risk
  • ETF, futures, and commodity spread examples
  • Volatility-based spreads, including $VIX term structure and $VIX/SPY hedges
  • Key risks, adjustments, and exit considerations

The webinar is now available on The Option Strategist Substack. It is also included for those who have purchased the Saturdays with McMillan: 14 Seminar Home Study Course (watch here).