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
Shares in biotech company Dendreon have spiked, along with options trading — amid rumors involving some kind of deal with Eli Lilly. Call volume in DNDN was hot this morning in the first 30 minutes alone, as 6,700 calls traded against 1,000 puts. Dendreon is scheduled to present Thursday at a major health care conference held by JPMorgan in San Francisco this week...
Novellus is seeing strong call activity — even though its shares are trading lower as takeover rumors are circulating on the trading floors. More than 7,000 calls traded against 575 puts this morning, dwarfing the average December call volume of 810 contracts per day. Volume was also heavy in the NVLS shares themselves.
Adobe Systems is up nearly 5 percent Tuesday — and continues to see call activity. The call buying began around a week ago, when we reported volume approaching four times the daily average for the maker of Photostop, Flash, and other popular software. Today, trading continued to surge...