The Option Strategist Substack

The Option Strategist Substack

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Option Basics

Option Basics: Option Trading Procedures
From Phone Calls to Trading Platforms: How Option Orders Are Placed and Executed
Sep 30 • 
Lawrence G. McMillan
Option Basics: The History of Listed Options
From its 1973 launch with just 16 stocks to today’s global markets, the history of listed options is a story of innovation and growth.
Sep 25 • 
Lawrence G. McMillan
Option Basics: Option Definition and Terms
Every option contract is defined by a few simple terms. Learn the meaning of underlyings, strikes, expirations, and premiums, the core building blocks…
Sep 18 • 
Lawrence G. McMillan
Option Basics: Equivalent Positions
A closer look at interchangeable option strategies and how to optimize your positions.
Aug 6 • 
Lawrence G. McMillan
Option Trading Guidelines
Timeless principles for smarter, safer, and more effective option trading, whether you're a novice or a seasoned pro.
Jul 9 • 
Lawrence G. McMillan
Option Basics: Collaring Your Profits
Locking in Gains While Limiting Risk: The Power of the Collar Strategy.
Mar 27 • 
Lawrence G. McMillan
Option Basics: What are options and why trade them?
How Options Provide Flexibility, Leverage, and Limited Risk.
Feb 4 • 
Lawrence G. McMillan
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