Skip Raschke has been with Options Profits since its inception 3+ years ago. He is a graduate of Gonzaga University. Prior to his Wall Street career in 1971, he was drafted by the New York Yankees as a pitcher. After a career-ending elbow injury he began his career on Wall Street in 1975 as a registered stock/options broker with Paine Webber. In 1982 he bought a seat on the Philadelphia Stock Exchange where for 10 years he was a registered options trader (a trading pit market maker).Expand

He later served as a registered Commodity Trading Advisor (C.T.A.), brokering a hedge fund. In addition he was a proprietary stock/options trader for Van Der Moolen. He can be found daily on OP, and, he can be reached at his website: The Stock and Options Trader's Daily (SOTDaily.com), an interactive website dedicated to intra-day stock market analysis as well as teaching the skills of trading the markets. His email address is: Skip@SOTDaily.comCollapse

This looks like a time for an advanced trade.
SLV is approaching strongly upside levels.

Intermediate Trade: Nucor Real Money Pro($)

The steel sector is showing signs of breaking out.

Intermediate Trade: Ford Real Money Pro($)

Consider an F synthetic call expiring next June.
Risk/reward should now favor buyers of options premiums.
Denying the bull can be deadly.
Denying the bull can be deadly.
Consider the RSX bullishly biased long call shooter expiring in November.
If you want a downside hedge on an overbought S&P, this combination sets up for just that.

Novice Trade: U.S. Natural Gas Real Money Pro($)

One correctly would assume that UNG's options volatility can be bought on the cheap right now.

Columnist Conversations

My colleague Suz Smith (RM contributor) often talk about different trade scenarios and structures, importantly...
Thursday's Philadelphia Inquirer reported that the average requested increase for individual health insurance ...
Markets set to open slightly lower as second quarter GDP comes in at a much lower than expected 1.2% and first...
I have a new non-trade-related article published on Seeking Alpha today. http://seekingalpha.com/articl...

BEST IDEAS

News Breaks

Powered by

BROKERAGE PARTNERS

Except as otherwise indicated, quotes are delayed. Quotes delayed at least 20 minutes for all exchanges. Market Data provided by Interactive Data. Company fundamental data provided by Morningstar. Earnings and ratings provided by Zacks. Mutual fund data provided by Valueline. ETF data provided by Lipper. Powered and implemented by Interactive Data Managed Solutions.


TheStreet Ratings updates stock ratings daily. However, if no rating change occurs, the data on this page does not update. The data does update after 90 days if no rating change occurs within that time period.

IDC calculates the Market Cap for the basic symbol to include common shares only. Year-to-date mutual fund returns are calculated on a monthly basis by Value Line and posted mid-month.