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

Novice Trade: IAU Real Money Pro($)

Most longs are gone from gold now.
Take a shot at a long call shooter, but this can be a very high-risk trade.
The trade is the out-of-the-money, bullishly biased vertical call spread expiring in August.
Synthetically buying calls (and puts) can be done "on the cheap" in today's rather expansive options markets.

Intermediate Trade: TZA Real Money Pro($)

I am bullish on the small-cap bear.
I like this near-the-money, bullishly biased long call shooter expiring in September.

Intermediate Trade: JJG Real Money Pro($)

The total production of grains should be about to be tested, as well as their condition.

Intermediate Trade: QQQ Real Money Pro($)

I prefer a bearishly biased, calendar diagonal call spread.
I prefer a bullishly biased, out of the money vertical call spread.

Intermediate Trade: Nike Real Money Pro($)

An NKE bearishly biased, out-of-the-money vertical put spread.

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