Lawrence G. Opt

The Option Strategist - trader, money manager, author & publisher of option trading newsletters. Stocks / futures / crypto.
Disclosures:

[Lawrence G. Opt @optMstra]

After years of trading options, I’ve developed a set of guidelines that help me navigate the markets. Some may surprise you, but all are designed to improve your odds. 📘 Get my free eBook here: https://t.co/yvhd20cZZR… #OptionsTrading #optiontrading #OptionsTrader

[* @starstuddedroof]

@optstrategist @Cboe Thank you kindly for this

[Doc aka Trader McGraw @doc_mcgraw]

Article coming by me about the potential bullish setup Sensei

[David @therightrisk]

Larry McMillan Market Update Thank you @optstrategist !
https://t.co/pjnIVYz7er

[Doc aka Trader McGraw @doc_mcgraw]

just rewatched it I trade VIX Options slightly Differently with ITM x OTM call BwB's ratio sometimes depending on the setup (and manage as time passes and VIX / VX move)
Great stuff as always, OG

[SectorVue - David Schultz @SectorVue]

One way or another. Stairs on the way up elevator shaft on the way down.

[Schaeffer's Investment Research @schaeffers]

@aztecs99 @optstrategist agreed

[Kellen Reilly @kellendreilly]

@optstrategist Holy shoot! I was like look at this guy video, what does he know. Then realized its the GOAT himself. Thanks for the great book! You should have way more followers

[Bob Lang @aztecs99]

thru this level now, important to watch the closing level on the week, @RyanDetrick @optstrategist

[Bob Lang @aztecs99]

SPX 500 trading at the dec lows --- 6720. @optstrategist

[David @therightrisk]

Today's Larry McMillan Market Update- Thank you @optstrategist ! And thank you for the years of your rock solid informational / educational foundation so many of us have benefited from- Thank you Sir
https://t.co/TLp99q9V8B

[STRyNG @stryngofficial]

We here at STRyNG grew up in the shadow of the Twin Towers. That day my dad took me to see the smoke billowing from many miles away in Morris Plains, NJ, a place where a memorial stands today.

🇺🇸 NEVER FORGET 🇺🇸

[tastylive @tastyliveshow]

This was a great convo, if you missed it, catch it in the link below! 👇

[Jermal Chandler @JermalChandler]

It was an honor having @optstrategist on the @tastyliveshow today. We met once earlier in my career and this was a full circle moment. Author of one of the foremost books one options. Here’s some 💎he dropped:

[SentimenTrader @sentimentrader]

That deterioration has mattered.
After comparable NYSE high-low signals, the S&P averaged -1.1% over two weeks, with only 35% of periods positive.

[Brian Shannon, CMT ⚓️ @alphatrends]

VIX Seasonality from @optstrategist

https://t.co/pxc1rO2VmM

[This is JaspreetSingh @thisisJaSingh]

Worth reading Larry's July 17 article. I have been commenting on his A+ work pointing out this seasonal low for years. Larry does some of the best work I know on VIX, and volatility in general!

[Doc aka Trader McGraw @doc_mcgraw]

🧠 VIX is math, not a stock.

That’s why I don’t chart it like NVDA or SPX with cute little trendlines and “breakout” arrows.

VIX is derived from SPX option prices. It is a volatility calculation — not a company, not a balance sheet, not a normal buyer/seller auction.

📌 But VIX levels still matter.

Because volatility has regimes.

Low vol tends to stay low… until it doesn’t.
High vol tends to cluster… then eventually cools.
That’s volatility clustering and mean reversion in plain English.
Calm can persist. Panic can persist.
But neither is permanent.
🌊 Rough VIX regime map:

13 = calm/compression
16 = caution returning
18–20 = hedging demand waking up
20+ = different tape
The mistake is treating VIX like a stock chart.

The edge is using VIX levels to understand SPX behavior, expected move, dealer hedging, and whether the market is pricing calm or reaching for protection.

VIX is not the trade.
VIX is the weather report.
You still have to drive the car.

[The Tail That Wags The Dog @TailThatWagsDog]

An addendum to that last post.

When I was starting out trading, doing a mentorship under Larry McMillan @optstrategist (2008), he once said to me, "Better to be a holder than a trader."

I didn't post this screenshot this morning ... but premarket ... some traders were already holders ... short puts/long calls.

[Jim Carroll @vixologist]

More evidence of the quiet state of vol markets. Sometimes things can get too quiet.