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Pete Najarian

"Fast Money" Contributor

Pete Najarian, the "Pit Boss," is ranked one of the top 100 traders by Trader Monthly magazine, and is cofounder of optionMONSTER.com, a news and information site for options traders. Following a football career that included several seasons with the NFL's Tampa Bay Buccaneers and Minnesota Vikings, Najarian took up options trading in 1992 joining his brother, Jon "DRJ" Najarian, at Mercury Trading, a market-making firm at the Chicago Board Options Exchange (CBOE). Two years later, he assumed responsibility for Mercury's risk and arbitrage and later led its entry onto the New York Stock Exchange (NYSE).

He also led Mercury's joint venture with M.J. Meehan, the third-largest specialist firm on the NYSE. From 2000 to 2004, Najarian served as president of Mercury, and helped execute its sale to Citadel, one of the world's largest hedge funds. During this period, Najarian chaired the Exemption Committee of the CBOE for three years and served as a floor official for eight terms.

More recently, he has been a founding member of One Chicago, an electronic exchange committed to becoming the global leader in futures on individual stocks, narrow-based indexes, and ETFs. He is the co-founder of Hedgehog stock, options, and futures trading platform and together with brother Jon, co-developed the Heat Seeker™ and complementary programs for tracking unusual buying activity in stocks, options, and futures. Najarian is one of the "Fast Money Five" on CNBC's "Fast Money," and also contributes to CBOE-TV, the exchange's popular webcast.

Najarian graduated cum laude from the University of Minnesota with a degree in genetic engineering.

Follow Pete Najarian on Twitter @petenajarian.

More

  • Options Traders in 'Heavy' Expedia Play Tuesday, 17 Mar 2009 | 4:27 PM ET

    Expedia is attracting heavy call activity Tuesday, as the online travel agency continues to rebound from levels last week that neared its 52-week lows. The 20-day average options volume for EXPE is 600 contracts per day, but the first hour of today's session alone saw 7,600 calls trade against 1,000 puts

  • Too many analysts are making too many calls. How on earth is anyone supposed to sort through the multitude of conflicting notes on the banks today?

  • Oil Refiner Sees 'Interesting' Options Action Monday, 16 Mar 2009 | 2:10 PM ET

    Frontier Oil is seeing some interesting options activity after recently receiving some votes of confidence from analysts. The largest volume in FTO options began in the March calls this morning, but activity was quickly building in the April 17.50 calls trading for $0.35 and $0.40.

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