Hello everyone! Today i want to share some option strategies with you! 1 $APPLIED DIGITAL CORP(APLD)$ announces earnings after the closing bell today. Expected move is ~10%. Am targeting that 200EMA on the weekly timeframe for a put-write trade to play earnings. Will sell puts at the $16 or $17 strike. 2 $Levi Strauss & Co(LEVI)$ announces earnings after the closing bell today. Expected move is ~9%. Looking at the monthly chart, that 16 level has strong volume support. Am looking to write puts at the $16 or $17 strike to play earnings. 3 Gonna follow along on this $Tempus AI(TEM)$ put-write trade, but might do th

By Lawrence G. McMillan We continue to see articles almost daily about the potential negatives in this market – especially in volatility. Yet all these are really doing is identifying overbought conditions. The market can continue to advance for a long time while it is overbought. That’s why Keynes’ statement remains true: the market can remain irrational longer than you can remain solvent. In this case, “irrational” is “going up too long” and solvency applies to short sellers. But you get the idea. A more novel thought might be this: “Has this extended trading range with worsening internals allowed the market to ‘correct’ without $SPX actually going down?” It has happened in the past (1994 comes to mind). In that vein, it is often the case that the sitting administration attempts to bolst

$GOTU$  By Lawrence G. McMillan Join Larry McMillan as he discusses the current state of the stock market on October 5, 2026. https://www.youtube.com/embed/xdnkx0g38Gg$GOTU$ 

$TVIX$ $UVIX$ $DECP$  By Lawrence G. McMillan The stock market continues to be range-bound. $SPX is still solidly between support at 7580-7620 and resistance at 7780-7820. Those are the two red horizontal lines on the graph in Figure 1. Market internals continue to be poor, causing some of them to reach oversold status. Let's start with the equity-only put-call ratios (Figures 2 and 3). They remain split in their signals. The standard ratio is still slowly climbing, thus keeping its sell signal in place. The weighted ratio rolled over and began to decline a little over a week ago, so it is on a buy signal. Breadth has continued to be poor. Most day

$DECU$ $QQQY$ $XDTE$  By Lawrence G. McMillan This market continues to be one with a huge split between the technical indicators. The market internals (breadth, put-call ratios, New Highs vs. New Lows) remain in terrible shape. However, the $SPX chart itself has regained a positive stance, with last Monday's gains breaking through the downtrend line that had existed. Moreover, the various indicators surrounding $VIX remain positive. $SPX broke above the downtrend line on its chart (the purple line in Figure 1) and attempted to reach the all-time highs at 7820. It didn't quite do so and has now fallen back a bit. So there is resistance at 7780-7820.

$NVDA$ $AAPL$ $MSFT$  By Lawrence G. McMillan It is said that a bull market climbs a Wall of Worry. In the modern context, this statement remains true of course, but also encompasses $VIX. In the past weeks, we have published a few articles detailing just how many articles are circulating in the financial media about the forthcoming $VIX explosion. That hasn’t happened yet, by the way, and probably won’t until people get more complacent about the current price of $VIX (and the stock market, as well). Of course, the Wall of Worry extends to other sectors of the market. Here’s a relatively new one. The S&P 500 is too concentrated – not just in a

$CrowdStrike Holdings, Inc.(CRWD)$ gained more in one session than its entire market cap was worth five years ago $CrowdStrike Holdings, Inc.(CRWD)$ made new ATHs today after a massive 13% rally the day before. This is the same stock that traded at $190 a month ago, so the move off the August low is already 24% Key Catalysts Agentic SOC launch: CrowdStrike rolled out an AI-driven security operations center that automates investigations across endpoints, identity, cloud and AI systems, alongside SafeMind (built on Nvidia's stack), Falcon Guardian, and Falcon IQ Wall Street re-rating: 6 major Wall Street firms all raised or reiterated bullish targets today, some as high as $3

By Lawrence G. McMillan This past week saw further deterioration -- by the $SPX Index as well as the internal indicators. $SPX sold off, but then tried to snap back with a big rally on Thursday, but it is not all that convincing. But, in reality, the 100-point rally just seemed to be an oversold rally. It didn't even reach the declining 20-day Moving Average, much less challenge the downtrend (purple) line on the chart. The rally did accomplish one thing, though: it pushed $SPX back up into that support area. So, technically there is still support there, or slightly below. The market internals have been terrible. Specifically the "market internals" as far as our indicators go, are 1) equity-only put- call ratios, 2) breadth oscillators, and 3) New Highs vs. New Lows on the NYSE. All three

Last week I said everyone was bearish into FOMC. Now the Nasdaq- $Invesco QQQ(QQQ)$ is back near all time highs. QQQ is setting up for a run to 800 this year. If you missed the move from 700 to 748.. Please don't miss the one to 800. $S&P 500(.SPX)$ also on the verge of a breakout to 8000 as well.. The next FOMC is 5 weeks away. CPI is in 3 weeks. There are risk events over the next month but the runway looks pretty clear for now. $Micron Technology(MU)$ to 1250, $SanDisk Corp.(SNDK)$ to 2300, $Advanced

$GOTU$  By Lawrence G. McMillan Join Larry McMillan as he discusses the current state of the stock market on September 28, 2026. https://www.youtube.com/embed/FWgycauj1kU$GOTU$ 

By Lawrence G. McMillan We’re excited to introduce McMillan Morning Market Commentary, a new subscription designed to give traders and investors a concise look at the broad stock market and our current market outlook at the start of the trading day. The commentary brings together four of the key areas we use to evaluate market conditions: S&P 500 ($SPX) price action, volatility ($VIX), equity-only put-call ratios, and market breadth. We’ll highlight important support and resistance levels, changes in our indicators, significant overnight developments, and the signals we believe are worth watching. Rather than simply recapping what happened, the goal is to provide perspective on where the market stands and what we’re watching next. Try It Free for 7 Days To introduce the new service, we

$TVIX$ $UVIX$ $DECP$  By Lawrence G. McMillan Stocks continue to slip after having made new all-time highs on August 14th. The 7600 support level for $SPX has now come under attack, and it was briefly violated yesterday. Today, however, the CPI number although "in line" was interpreted as a huge relief, and the market is rallying strongly. So support extends down to 7580 or so. The general support area is now 7580 7620. Overhead, there is a downtrend line on the $SPX chart (see Figure 1) that extends from the August 14th high through the last rally's high near 7750. For the bulls to reclaim control, $SPX needs to break out over 7770 or so. There is

$UVXY$ $VXX$ $TVIX$  By Lawrence G. McMillan As we’ve been commenting for a couple of months now, “everyone” is expecting a rise in $VIX.  In classic stock market contrarian fashion, $VIX has steadfastly remained at low levels – countering the majority opinion and frustrating volatility bulls.  That would include us, to some extent, although it is not surprising to me to see the market act in a way that causes the majority to be wrong.  That was our point in the article we wrote in last week’s newsletter. So what do we do now?  There is still potential for a $VIX increase and a market breakdown, although some cynics point out tha