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
Since LinkedIn's spectacular initial public offering last Friday, concerns have been raised about potential short-sellers waiting in the wings. Today (Thursday, 5/26) may provide a good gauge of any significant bearish sentiment when options become available on the social-media company.
Back before Cablevision spun off Madison Square Garden, we did not have a pure options trade on where LeBron James will end up. But today we do have such a play now that MSG is publicly traded, and investors and sports fans are betting that King James will come to the world's biggest stage in New York City.
Volatility soared in Dick's Sporting Goods before today's earnings report, as the bulls are pricing in a pop higher.
Marvell Technology shares jumped along with upside option activity yesterday ahead of the chipmaker's earnings report Thursday after the bell.