Jon "DRJ" Najarian was linebacker for the Chicago Bears before he turned to another kind of contact sport – trading on the Chicago Board Options Exchange. He became a member of the CBOE, NYSE, CME and CBOT and worked as a floor trader for some 25 years. Today, he is a professional investor, money manager, media analyst, and co-founder of optionMONSTER.com and tradeMONSTER.com.
Jon developed and patented trading applications and algorithms used to identify unusual activity in stock, options, and futures markets. optionMONSTER.com, an options news and education site, which Jon co-founded with his brother Pete, has been described by Securities Industry News as "content king of the options business".
tradeMONSTER.com has been rated "Best for Options Traders" by Barron's and was the first online broker to deploy streaming, desktop-like trading in a web browser.
The brothers also head Najarian Consulting, a company advising money management firms and co-authored the book, "How We Trade Options".
Jon's Twitter handle is @optionmonster
MarkWest Energy is up nearly 17 percent and has attracted the attention of options traders. Traders have been buying calls for the last week in natural gas company, which is near its highs of the session at $11.10 at midday. The January 10 calls are trading at $1.20.
Financial stocks have taken a beating in 2008 with one index down almost 60 percent, and one option trader is betting on more pain in the first quarter. The XLF Financial SPDR came into 2008 near $30 and dropped to a low of $8.67 last month before rallying...
NetApp is up more than 5 percent and seeing intense options action today as takeover rumors circulate on the trading floor. Average daily call volume for NTAP is 5,900, but this morning more than 17,500 traded in the first 45 minutes alone. Why..?
Adobe Systems is down more than 51 percent this year — but is seeing huge call activity. The average daily call volume is 3,300, but Tuesday the software maker saw more than 12,000 contracts trade at the February 22.50 strike alone (AEQBX), most of them for $1, according to OptionMonster's tracking systems.
Linn Energy is up more than 17 percent Monday and seeing heavy options activity after a favorable article published this weekend. More than 4,000 calls traded this morning at the January 15 strike price, eight times the 20-day average volume for all put and call contracts daily.
The Fast Money crew take their positions and provide their outlook on next week's busy earnings week.
Discussing the battle for cloud space, Rick Heitzmann, FirstMark Capital, and the Fast Money traders, debate if Box is a wise bet or if investors should beware.
The FMHR traders reveal their final trades.