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

Intermediate Trade: Corning Real Money Pro($)

Its chart has formed into my "washout" pattern.

Intermediate Trade: VXX Real Money Pro($)

I prefer a bullishly biased, in-the-money put diagonal spread.
Professional options traders have a "smorgasbord" of ways to take advantage of the dynamics of trading; here is one.

The Risk Reversal Tactic Real Money Pro($)

This is primarily a hedging tactic.
The tactic is the bullishly biased long call shooter expiring in October.

Novice Trade: EWU Real Money Pro($)

Another bearish trade on the UK stock market ETF.
I prefer the bullishly biased long call shooter expiring in December.

Novice Trade: Ultra Gold ETF Real Money Pro($)

This trade is 100% technically based. It is chock full of risk.

Intermediate Trade: QQQ Real Money Pro($)

I prefer the bearishly biased, deep in the money, call calendar diagonal spread.
I prefer a bullishly biased vertical call spread.

Columnist Conversations

As far as TSLA is concerned, I still have a higher target above the market at the 409 area.  I stated in ...
The TLT setup discussed in my last commentary is a bust. Key support was violated and it violated the recent l...
BBY is getting smoked this mornings(weak forecast).  The stock is off 8% after opening the session with a...

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