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: QQQ Real Money Pro($)

The tactic is the bearishly biased, calendar diagonal call spread, which controls the risk of the trade.

Intermediate Trade: Gold ETF Real Money Pro($)

I prefer a bullishly biased vertical call spread.
The trade is the bullishly biased, long call shooter expiring in July.

Novice Trade: PulteGroup Real Money Pro($)

Consider this bullishly biased, in-the-money, long shooter call expiring in July.

Intermediate Trade: Corning Real Money Pro($)

This stock is less than one point from breaking out.

Intermediate Trade: Copper ETF Real Money Pro($)

A JJC bullishly biased, at-the-money vertical call spread expiring in September.

Novice Trade: DXD Real Money Pro($)

This is a bearish play on the Dow. Use highly discretionary capital.

Intermediate Trade: Grains ETN Real Money Pro($)

A JJG near-the-money vertical call spread expiring in October.
I prefer a bullishly biased long call shooter.
A BK bullishly biased vertical call spread expiring in September.

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KMX is heading for a nice finish. The stock is up just over 2.7% and is one of the top ten gainers in the SP 5...

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