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: JJG Real Money Pro($)

I prefer a bullishly biased vertical call spread.

Novice Trade: XOM Real Money Pro($)

The proverbial last long might have already bailed.

Novice Trade: USO Real Money Pro($)

The shorts are in up to the eye sockets in this one.
Novice Trade: UltraShort Dow 30 ETF

Intermediate Trade: QQQ Real Money Pro($)

Try this bearishly biased, out-of-the-money put spread on the Nasdaq 100 ETF.
The tactic is the bearishly biased, out-of-the-money vertical put spread expiring in September.

Intermediate Trade: US Steel Real Money Pro($)

Try this bullishly biased, 100% risk-controlled, out-of-the-money vertical call spread on X.
The trade tactic is the bullishly biased, near-the-money, vertical call spread expiring in December.

Novice Trade: LPX Real Money Pro($)

Try this near-the-money call on LPX, but use discretionary capital!
Buy the stock and immediately exercise your long puts.

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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