Larry McMillan Talks Markets & Options

The useful part

McMillan Yesterday, I joined the team at tastylive for a conversation about the current market, some of the strategies I'm trading today, and how my approach to options has evolved over the years. I remain cautiously bullish, particularly as long as the S&P 500 holds above the 7,600 level. The subdued $VIX and positively sloped volatility term structures are also encouraging, although breadth and new highs versus new lows remain somewhat shaky.

How it works

• I shared the story of how Options as a Strategic Investment came about, as well as how my own trading has changed over more than five decades in the options markets.
• One thing that hasn't changed is how much I enjoy trading.
• You can watch my full conversation with tastylive below.
• From there, we got into some of the strategies I've been using recently, including 0DTE index options, put credit spreads combined with upside calls, broken-wing butterflies, and rolling positions as the...
• Today, I tend to trade fewer names with larger positions, and I roll much more frequently than I did earlier in my career.

What to take from it

After all these years, I'm still actively trading because I find the markets interesting and challenging—and, quite simply, because I still think it's fun.