$TVIX$ $UVIX$  By Lawrence G. McMillan The major indices are all enjoying a booming bull move to new all- time highs $SPX, $NDX, and $RUT (while the Dow is closing in on its highs as well). This display of strength has occurred in the face of potential geopolitical worries, which indicates that "the market" isn't too concerned with those. $SPX has strong support at 7000 -- the previous all-time highs -- as well as minor support at 7125 and 7050. The equity-only put-call ratios remain solidly bullish in their outlook for stocks. They continue to drop steadily and sharply. As long as they are declining, that is positive for the market. Breadth has been teetering on the verge of a sell signal,

By Lawrence G. McMillan Some traders prefer to see columns of numbers, and others—myself included—prefer to look at graphs or charts. A “profit graph” is a graph of the potential profits and losses from a position. With options, it is possible to describe most of the major strategies by the shape of their profit graphs. A simple example should be sufficient to demonstrate the concept. Example: Suppose that XYZ common stock is trading at 50, and the XYZ July 50 call is selling for 3, or $300. The profit table shown here details the potential profits and losses at various XYZ prices at July expiration. The same information is shown in the profit graph. The image below, which shows that this position has a limited loss on the downside and can make theoretically unlimited profits on the upside

Hello everyone! Today i want to share some trading ideas with you! 1 There's some decent premium on $Apple(AAPL)$ at put strikes in the 240-245 range for May 8 expiration. Will probs write a bunch of put contracts to play earnings today. 2 Still amazes me how this post didn't get more engagement. And now ... look ... $Alphabet(GOOGL)$ almost at $400. So much for listening to "furus" who just cover the hot stock at the moment in order to increase their followers or increase their X payout ... or pump their position so that they can exit and leave retail bagholding. Guaranteed not many folks were talking about $Alphabet

TRADE PLAN for LOTTO Friday 🔥 $S&P 500(.SPX)$ strong rally from 7125 to 7219 intraday. I told you just wait for Thursday this week, this is when the real trend will emerge. Lots of traders made a nice profit today. We can see another big day tomorrow as well. SPX May 1 7240C is best above 7200 $Advanced Micro Devices(AMD)$ strong breakout today.. AMD to 400 coming by June. I'd stay bullish tomorrow above 350. AMD May 1 355C is best above 352 $Micron Technology(MU)$down 10 after SNDK earnings, if it moves red to green tomorrow it can test 530. MU May 1 525C is best above 517

$GraniteShares 2X Long INTC Daily ETF(INTW)$ - Underlying: INTW - View: Cautiously Bullish (expecting continued upside momentum from the breakout, but aware of extreme overbought RSI and high volatility). - Strategy Type: Debit Spread / Directional Bullish - Option Contract Portfolio: - Buy 1 INTW 19 Jun 2026 $220 Call - Sell 1 INTW 19 Jun 2026 $245 Call - Max Gain & Loss: Max Gain = ($245 - $220) - Net Debit Paid. Max Loss = Net Debit Paid. - Initial Cost/Credit: Debit (Cost). Simulated using provided chain: ~$48.40 (Buy $220C ask) - ~$40.25 (Sell $245C bid) = ~$8.15 Debit per spread. - Greek Exposure (Simulated): - Delta: +0.162 (Moderate positive directional exposure). (Buy Delta: ~0.61, Sell Delta: ~-0.537). - Theta: Slight

$Seagate Technology PLC(STX)$ - Underlying: STX - View: Bullish continuation with overbought caution. Aim to capture the next leg towards $700+ while defining risk and reducing premium cost. - Strategy Type: Debit Spread / Directional Bullish - Option Contract Portfolio: - Buy 1x STX 3 May 2026 $640 Call @ $21.40 (mid) - Sell 1x STX 3 May 2026 $660 Call @ $13.15 (mid) - Max Gain & Loss: - Max Gain: ($660 - $640) - Net Debit = $20 - $8.25 = $11.75 per spread - Max Loss: Limited to the net debit paid = $8.25 per spread - Initial Cost/Credit: Net Debit of $8.25 per spread. - Greek Exposure (Simulated): - Delta: +0.155 (Moderate positive directional exposure) - Theta: -0.075 (Small negative time decay) - Vega: +0.008 (Minimal positi

$General Dynamics Corp(GD)$ - Underlying: GD - View: Bullish (Strong breakout post-earnings, targeting $350+) - Strategy Type: Debit Spread / Directional - Option Contract Portfolio: - Buy 1x GD 05/08/2026 $340 Call @ $4.65 (mid-price) - Sell 1x GD 05/08/2026 $350 Call @ $1.80 (mid-price) - Max Gain & Loss: Max Gain: $715, Max Loss: $285 - Initial Cost/Credit: Net Debit of $2.85 - Greek Exposure (Simulated): - Delta: ~+0.25 (Moderate bullish directional exposure) - Theta: ~-0.05 (Slight negative time decay, mitigated by short leg) - Vega: ~+0.06 (Slight positive exposure to volatility increase) - Gamma: ~+0.01 (Moderate sensitivity near the short strike) - Rho: ~+0.02 (Slight positive interest rate sensitivity) - Rationale: This

$Silicon Motion Technology(SIMO)$ - (Underlying): SIMO - (View): Cautiously Bullish, expecting a potential pullback from overbought conditions before resuming uptrend. Aim to profit from a continued rise but with a buffer for a short-term dip. - (Strategy Type): Debit Spread with Positive Theta & Negative Vega - (Option Contract Portfolio): - Buy 1x SIMO Jun 18, 2026 $210 Call - Sell 2x SIMO Jun 18, 2026 $230 Call - (Max Gain & Loss): - Max Gain: $1,000 per spread (if stock closes at $230 at expiration). Unlimited profit potential above $230 is capped by the two short calls. - Max Loss: Limited to the initial net debit. Loss occurs if stock falls below the lower breakeven point. - Breakeven Points: Lower B/E = $210 + Net De

$Visa(V)$ - Underlying: V - View: Bullish, targeting a move towards $350 after consolidation, but acknowledging short-term overbought RSI risk. - Strategy Type: Debit Spread / Directional Bullish - Option Contract Portfolio: - Buy 1x V May 15, 2026 $335 Call @ $5.40 (Mid) - Sell 1x V May 15, 2026 $350 Call @ $0.88 (Mid) - Max Gain & Loss: Max Gain = $10.60, Max Loss = $4.52 - Initial Cost/Credit: Debit of ~$4.52 - Greek Exposure (Simulated): - Delta: +0.37 (Moderate Positive) - Theta: -0.14 (Slight Negative) - Vega: +0.12 (Slight Positive) - Gamma: ~0.015 - Rho: ~0.03 - Rationale: This strategy is optimal for a "cautiously bullish" view. The blowout earnings and raised guidance provide a strong fundamental tailwind, but the extrem

$Starbucks(SBUX)$ - Underlying: SBUX - View: Bullish, targeting breakout above $107.27 to $110-112 range. - Strategy Type: Debit Spread / Directional Upside Capture - Option Contract Portfolio: - Buy 1 SBUX 19 Dec 2026 $110 Call - Sell 1 SBUX 19 Dec 2026 $120 Call - Max Gain & Loss: Max Gain = $1,000 per spread ($10 spread width - $9.00 debit). Max Loss = $900 per spread (initial debit). - Initial Cost/Credit: Debit of ~$9.00 per spread. - Greek Exposure (Simulated): - Delta: ~+0.15 (moderate bullish exposure) - Theta: ~-0.01 (small daily time decay) - Vega: ~+0.35 (positive exposure to rising IV) - Gamma: ~0.01 - Rho: ~+0.02 - Rationale: This strategy aligns with the bullish breakout thesis targeting $110+. The long-dated (Dec

$Lumentum(LITE)$ - Underlying: LITE - View: Cautiously Optimistic / Oversold Bounce. The stock has rebounded strongly from oversold levels and is testing key resistance at $860. The primary downtrend (per MACD) is not yet fully reversed, so the view is for a limited, consolidation-driven move higher rather than a full-blown breakout. - Strategy Type: Bullish Debit Spread / Directional with Positive Theta (if short leg is closer). - Option Contract Portfolio: - Buy 1x LITE Call, Strike $860, Expiry 2026-05-08 - Sell 1x LITE Call, Strike $880, Expiry 2026-05-08 - Max Gain & Loss: Max Gain = (880 - 860) - Net Debit. Max Loss = Net Debit Paid. - Initial Cost/Credit: Debit ~$7.25 (Estimated: Long $860 Call @ $72.30, Short $880 Call

$Centene(CNC)$ - (Underlying): CNC - (View): Cautiously optimistic, expecting a consolidation within the range of $49.63 (support) and $54.62 (resistance) with a bullish bias to test the upper bound. - (Strategy Type): Debit Spread / Directional Bullish - (Option Contract Portfolio): - Buy 1 CNC May 15, 2026 $53.00 Call @ $1.53 (Mid) - Sell 1 CNC May 15, 2026 $55.00 Call @ $0.565 (Mid) - (Max Gain & Loss): - Max Gain: $103 per spread (($55 - $53) - Net Debit) - Max Loss: $96.5 per spread (Net Debit) - (Initial Cost/Credit): Net Debit of ~$0.965 per share. - (Greek Exposure): - Delta: +0.32 (Positive, bullish directional exposure) - Theta: +0.005 (Slightly positive, benefits from time decay on the short leg) - Vega: -0.001 (Sligh

$Generac(GNRC)$ - Underlying: GNRC - View: Bullish breakout, expecting a continuation of the upward momentum after potential short-term consolidation/pullback. - Strategy Type: Debit Spread / Directional Bullish - Option Contract Portfolio: - Buy 1 GNRC 19 May 2026 $250 Call - Sell 1 GNRC 19 May 2026 $270 Call - Max Gain & Loss: Max Gain: ~$1,850 (($20 spread - debit) * 100). Max Loss: ~$150 (net debit paid). - Initial Cost/Credit: Debit of ~$1.50 per spread (estimated from chain data: Buy $250 Call @ ~$8.00, Sell $270 Call @ ~$1.45). - Greek Exposure (Simulated): - Delta: +0.45 (Positive, directional bullish) - Theta: -0.03 (Slightly negative, minimal time decay due to short leg) - Vega: +0.10 (Slightly positive, benefits from

Hello everyone! Today i want to share some option strategies with you! 1 So glad we didn't sell our $Alphabet(GOOGL)$ calls before the earnings print. Also, wrote puts that should expire worthless. 📈🚀 $Amazon.com(AMZN)$ CSPs should expire worthless for max profit. Will continue writing puts until assigned. Didn't play $Meta Platforms, Inc.(META)$ or $Microsoft(MSFT)$ ... but can write puts against it tomorrow. Hopefully they both dump more. 🤞🏽 2 Been in back-to-back meetings since 8:30am this morning. Looks like FOMC was a nothing-burger based on