Larry McMillan

Larry McMillan

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 300,000 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 2011, Mr. McMillan received the prestigious Sullivan Award in recognition on behalf of his outstanding contributions to the growth and integrity of the U.S. options markets.

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Weekly Stock Market Commentary – 7.24.15

$SPX now appears to failing at the top of the range, thereby remaining within the 2040 – 2135 trading range. Hence, the $SPX chart remains neutral as long as it’s in that trading range. Put-call ratios are mixed, but generally are in an oversold state. The standard ratio continues to rise and is thus on […]






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Weekly Stock Market Commentary – 7/17/15

The oversold conditions that existed last week generated a strong week-long rally. The move above 2100 was constructive, but the chart won’t really turn bullish until new highs are made and held.That would require a move above 2135. Put buying has remained relatively heavy, despite the rally. As a result, the equity-only put-call ratios remain […]






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Weekly Stock Market Commentary – 6/26/15

The stock market, as measured by the Standard & Poors 500 Index ($SPX) continues to trade in a fairly tight range, which is beginning to frustrate just about everyone. There is support at 2070, and the 2130-2135 area is now strong resistance. As a result, the $SPX chart is neutral. Equity-only put-call ratios are about […]






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Weekly Market Commentary 4.10.15

The stock market has traded in an ever-narrowing range for over a month now.  The most recent range has been bounded by 2090 on the upside and 2050 on the downside.  But now $SPX is trying to break through 2090.  Even if that is accomplished, there is still considerable overhead resistance at 2110-2120 (the all-time […]