Phil McDonnell

Phil is a professional options trader and contributes regular commentary to the Daily Speculations web site. Prior to trading professionally, Phil was a software developer for Dollar/Soft, a financial software company specializing in options software for equities, indexes and futures. He also wrote the book, Optimal Portfolio Modeling, which was published by Wiley Trading in February 2008.

Recent Articles By The Author

Phil McDonnell Trade: AMTD

Phil McDonnell Trade: AMTD

The stock has been in an uptrend for the last year and appears to be ready to continue that trend.

MasterCard Is in Charge

MasterCard Is in Charge

I like to see stocks that are in a strong uptrend, and the longer and stronger, the better.

How I Trade Calendar Spreads

How I Trade Calendar Spreads

My exit strategy is somewhat unique. Using it will make it more likely that your trade will be profitable.

Understanding Option Models

Understanding Option Models

Many option traders do not understand the theory behind the Black-Scholes model. The actual idea is quite simple.

Options Profits Analysis: Calendar Spreads

Options Profits Analysis: Calendar Spreads

Phil McDonnell explains that a calendar spread is a relatively low-risk trade which seeks to profit from the different time erosion values of options with different expiration months.