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 Market Commentary 7.18.14

Well, the market finally found something it couldn’t shake off –  at least not right away — on the geopolitical front.  Normally, this wouldn’t be a big deal, but an overbought, somewhat nervous market can react to this type of news dramatically, and it did.  So what is the real overall effect? First of all, [...]

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Weekly Market Commentary 6.13.14

As far as the $SPX chart is concerned, it has support at 1900.  In fact, there is really support all the way down to 1860.  A close below 1860 would change things, turning the chart to a bearish state if that were to happen. Equity-only put-call ratios remain on buy signals.  The standard ratio finally [...]

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Weekly Market Commentary 6.6.14

If there were any doubts about the validity of the breakout to new all- time highs, they should be satisfied by now. $SPX has support at 1900, and then all the way down to 1860. The equity-only put-call ratios remain on buy signals. The standard ratio had been lagging, but finally moved into the bullish [...]

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Weekly Market Commentary 5.16.14

It is hard to imagine a market any more perverse than this one.  Once again, there has been a failure to break out on the upside, despite some favorable (although not unanimous) technical conditions.   Now $SPX has pulled back into the previous trading range, whose limits of 1810-1900 are more secure than ever. Equity-only put-call [...]