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

I'm cancelling this trade. As a rule, I give trades two days to set up, or I axe them.
The trade tactic I prefer is the synthetic call.
Trade closed: Sell 100 JO and sell to close 1 JO Oct 19 put for a total credit of $20.88
The loss of it was one awful committee-made decision.
The loss of it was one awful committee-made decision.

Intermediate Trade: Target Real Money Pro($)

The tactic I prefer is the out-of-the-money calendar spread.

Intermediate Trade: KBR Real Money Pro($)

The trade tactic I prefer for KBR now is the crisscross strangletactic, expiring in January.

Intermediate Trade: XLK Real Money Pro($)

The tactic for this trade is to allow time and price to move in favor of the set up.
There are few stocks that could fit this mold.
This tactic requires movement in price of the underlying in order to become a profitable speculation. We don't care which direction, we just need it to blast off or tank.

Columnist Conversations

I would pay attention to this one during the first hour of trading. I think the new CEO has lost all credibil...
Yum's getting ridiculous again because you have to wait for the call tomorrow and no one knows what will be sa...
My view is that the bulls have it wrong and that the preoccupation with the price momentum over the last two d...


News Breaks

Powered by


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.