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 (, 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

There is no risk control here. None.

Advanced Trade: Verizon Real Money Pro($)

Try a calendar diagonal credit put spread on this telecom name.
This is what options pros use when seeing a dividend capture or a positive surprise earnings play.

CLOSED Intermediate Trade: FXE Real Money Pro($)

A two-pronged approach to playing the homebuilders.
Make sure you marry long calls to the shorted stock.

Always Hedge Your Shorts Real Money Pro($)

Make sure you marry long calls to the shorted stock.
Shares are moving down on news; thus, closing on that news makes trader-sense.
Stay ignorant to options at your own risk.

Buy Protective Options Now Real Money Pro($)

With stop orders removed from the NYSE, it is time to buy married puts.

Columnist Conversations

JD also pops big last minute on very heavy volumes
Sudden rise in BaBa in last fifteen minutes on no news.


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