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

It's do or fade time once again for the British pound.
I prefer a QID near-the-money vertical call spread expiring in January.
A stock that has been above $20 for years and then slips below $20 has a hard time finding new buyers.
A stock that has been above $20 for years, and then slips below $20, has a hard time finding new buyers.

Intermediate Trade: Gold ETF Real Money Pro($)

This ETF can break up and through the mid-$40s.

Novice Trade: The Oil ETF Real Money Pro($)

Change to the upside could be forming.

Novice Trade: Pfizer Real Money Pro($)

Use limit orders on this one.
I prefer a bearish trade on this ETF.

Novice Trade: HP Inc. Real Money Pro($)

I prefer a bullish long call shooter.
The trade for IAU is the near-the-money, long call shooter expiring in October.

Columnist Conversations

Spent a good amount of time with PayPal CEO Dan Schulman this week...and came away fully understanding why thi...
Has quietly taken a mini beating over the past few weeks. Might be worth a look on Monday given everything tha...


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