Lawrence McMillan photo

OPTIONS

Lawrence McMillan

Founder and President,

McMillan Analysis Corporation

  • Best-Selling Author: Options As A Strategic Investment
  • Over 40 Years of Experience Trading Options
  • 2011 Joseph W. Sullivan Options Industry Achievement Award

About Lawrence

Lawrence McMillan speaks on option strategies at many seminars and colloquia in the US, Canada, and Europe. Prior to founding his own firm, he was a proprietary trader at two major brokerage firms—primarily Thomson McKinnon Securities, where he ran the equity arbitrage department for nine years. Mr. McMillan is perhaps best known as the author of Options as a Strategic Investment, the bestselling work on stock and index options strategies, which has sold over 200,000 copies.


Lawrence's Articles

Over the years, we’ve discussed a lot of volatility-based trades. Since volatility is high now, a number of them are apropos. The simplest is to buy call options on CBOE Volatility Index (^VIX) futures or on a volatility ETF, including the ProShares VIX Short-Term Futures ETF (VIXY) or 2x Long VIX Futures ETF (UVIX), explains Lawrence McMillan, editor of Option Strategist.
We recently had a very nice profit on a long run by the iShares Silver Trust (SLV). We rolled that position seven times, each time taking a credit from selling a relatively deeply in-the-money call option and replacing it with an at-the-money call. Here are the lessons for traders from that process, notes Lawrence McMillan, editor of Option Strategist.
Volatility has increased with the failure once again of the S&P 500 Index (^SPX) to clearly break out to new all-time highs. In fact, the largest change in indicator direction has been in the implied volatility complex – the CBOE Volatility Index (^VIX) and its various components, observes Lawrence McMillan, editor of Option Strategist.
This past week has seen volatile moves in both directions. But there are several facts to the technical picture that have emerged as a result of all of this, advises Lawrence McMillan, editor of Option Strategist.

Lawrence's Videos

Join Lawrence G. McMillan where he will discuss the current state of his option-oriented indicators, including seasonal patterns and what they say about the stock market. He will also discuss various historical patterns, including the following topics:

-The performance of $SPX

-What the option markets are saying

-And much, much more. 

Join Lawrence G. McMillan where he will discuss the current state of his option-oriented indicators including seasonal patterns and what they are saying about the stock market. He will also discuss various historical patterns, including the following topics:  the performance of $SPX, what the option markets are saying, and much, much more. 

Join Lawrence G. McMillan where he will discuss the current state of his option-oriented indicators and what they are saying about the stock market plus several seasonal trades that are about to occur. He will also discuss various historical patterns, including the following topics:  the performance of $SPX, what the option markets are saying, upcoming seasonal trades, and much, much more. 

Larry McMillan discusses various seasonal trades in the equities sector.

Lawrence's Books

Lawrence McMillan

Options as a Strategic Investment: Fifth Edition

The market in listed options and non-equity option products provides investors and traders with a wealth of new, strategic opportunities for managing their investments. This updated and revised Fifth Edition of the bestselling Options as a Strategic Investment gives you the latest market-tested tools for improving the earnings potential of your portfolio while reducing downside risk—no matter how the market is performing.
Lawrence McMillan

Study Guide for Options as a Strategic Investment 5th Edition

This Study Guide for the Fifth Edition of Options as a Strategic Investment will help you maximize your understanding of options, thereby increasing your profits.

Newsletter Contributions

The Daily Strategist

The Daily Strategist is McMillan Analysis Corp.'s premium newsletter service geared towards active traders providing timely insight on the stock and derivative markets along with trading recommendations.

Learn More