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
Chesapeake Energy is seeing heavy options activity Thursday, as rising oil supplies weigh heavily on the energy sector. CHK has been trading between $14 and $19 for the last two months, but today's options action indicates that we could see it fall below that range in the short term...
Gerdau is a Brazil-based steel manufacturer that has seen its shares crushed. Trading in the mid-$20s last summer, GGB has fallen some 25 percent just in the last week or so. But as shares traded around $6.47 this morning, someone goes out and buys 8,200 March 12.50 calls for $0.10. Does someone see a takeover brewing?
Financial stocks are seeing huge options activity Tuesday, led by State Street, which is down roughly 50 percent after reporting a 71 percent drop in fourth-quarter earnings. Options volume for STT was six times normal this morning. Also: Options action looks at PNC Financial Services, Bank of America and JPMorgan.
Options traders are bidding up calls in Kimberly-Clark after Merrill Lynch upgraded the consumer product company Friday morning. The average daily turnover of calls in KMB is 1,200 contracts, but some 4,000 changed hands in the first 90 minutes of today's session alone.
Boston Scientific is fighting to break out of its recent trading range as a large block of puts changes hands. BSX opened today by more than 2 percent from its close of $7.60 yesterday... The put activity coincides with a company setback in its protracted court battle with Johnson & Johnson.
Shares in a key Brazil exchange traded fund are down about 7 percent on the day — but the options action is looking for upside. The iShare Brazil exchange traded fund is down to $33.47 on the day, while it was up above $40 a week ago. Shares remain more than 65 percent off their May 2008 high.
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...
The "Halftime Report" traders give their final trades of the show.
CNBC's Steve Liesman gets an exclusive interview with the man behind the Grateful Dead's final encore, Peter Shapiro, Fare Thee Well promoter.
Jens Nordvig, Nomura Head of fixed income research Americas & global head of currency strategy, discusses his Greece strategy and predictions on the Fed.