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

Try a near-the-money, long-call shooter on this building materials name.

Intermediate Trade: IBM Real Money Pro($)

This bullishly biased, out-of-the-money, vertical call spread is risky, so use discretionary capital.

Novice Trade: PulteGroup Real Money Pro($)

The tactic is the bullishly biased, near-the-money long call "shooter" expiring in August.
The tactic for active traders is a combination buy of two in-the-money options, one a call and one a put.
Try this covered call tactic on CSCO's projected earnings growth.
Try this out-of-the-money, bullishly biased, long-call shooter in this sometimes-volatile sector on XLE's breakout potential.

Intermediate Trade: Disney Real Money Pro($)

The options tactic is the out-of-the-money, bullishly biased vertical call spread expiring in September.
Try this options play on weakness in gold prices.
This is a very high-risk, long call shooter on DBA.

Intermediate Trade: Intel Real Money Pro($)

This bullishly biased, out-of-the-money, vertical call spread is high risk, so use discretionary capital.

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