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

I prefer a bullish synthetic call.
This is a bearishly biased trade in options.
I'm looking for a breakout, not to call a bottom.
I'm looking for a breakout, not to call a bottom.
I prefer a bullishly biased vertical call spread.

Intermediate Trade: Cisco Real Money Pro($)

Lower volatility means less capital risk in trading the options.
This GE setup is a hedged spread with 100%-controlled capital risk.
With the summer movie season around the corner, consider a TWX call time spread.
There is far too much bravado about not hedging in retail investing.
There is far too much bravado about not hedging in retail investing.

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