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 and tradeMONSTER.
Jon developed and patented trading applications and algorithms used to identify unusual activity in stock, options, and futures markets. He and his brother Pete's OptionMONSTER media company has been described by Securities Industry News as "content king of the options business," and enjoys syndication agreements with CNBC, TheStreet.com, the CBOE, Nasdaq, Yahoo Finance, Google Finance, and others.
The brothers' brokerage firm, tradeMONSTER, 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 the money management firm Najarian Capital Advisers, a Registered Investment Advisor (RIA) that manages funds and provides analysis, consultation and risk management services to pensions and endowments.
Jon's Twitter handle is @optionmonster
Traders are banking on shares of Chesapeake Energy to move higher — but not for a few months. The oil and natural gas company reached a peak near $70 in July, but has fallen hard since then to about $15.25, after spending much of autumn between $10 and $25. Options activity on Monday is focused on the April 27.5 calls...
The options volumes on commodity ETFs are crazy busy Wednesday. The GLD exchange traded fund, which is designed to reflect the price of gold bullion, is seeing some 90,000 contracts change hands against average daily turnover of 53,000. Also: Options action on crude oil, silver and gold mining ETFs!
Boeing is seeing heavy options activity Tuesday, mostly on the call side. BA's 20-day average volume is 16,400 options daily, but this morning 26,000 contracts traded in the first 45 minutes alone. As the stock is up some 3 percent to about $40 at midday, calls outnumber puts by a margin of 15,000 to 11,900.
Options traders are bearish on State Street, trading January puts in heavy volume. The financial services firm has seen a daily average of 1,800 put contracts over the last 30 days, but 14,000 traded in just the first 90 minutes of the session...