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.
Shares of Arcelor Mittal are rising along with increased options activity, ahead of the steel company's earnings report Wednesday.
Fifth Third Bancorp is attracting heavy call activity as it reaches new 52-week lows. FITB is but a shadow of its $28.58 high from last March, dropping 70 percent last month alone and closing yesterday only a nickel above its new $1.74 low. That was enough to draw options traders, as calls outnumbered puts by 10,000 to 1,700.
Melissa Lee is the host of CNBC's “Fast Money” and “Options Action.”
Scott Wapner is host of the "Fast Money Halftime Report," which airs weekdays from 12 p.m. to 1 p.m. ET.
Guy Adami is a contributor on CNBC's "Fast Money." He also is managing director of stockMONSTER.com.
Najarian, the "Pit Boss," is cofounder of optionMONSTER.com, a news site for options traders.
Finerman is president of Metropolitan Capital Advisors, Inc., a company she co-founded.
Founder of EmergingMoney.com
Chief Market Strategist for Virtus Investment Partners & CNBC Contributor
TD Ameritrade's IMX survey of retail investors points to bullishness, Managing Director Nicole Sherrod says.
Barry Knapp of Barclays shares his investment prognosis for next year. "It is not the end of the bull market," he says.
Deutsche Bank's Paul Sankey explains why his firm ungraded Valero, Phillips 66 and other refiners to a buy.
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