Michael Khouw is a 20 year veteran of the financial services industry with broad experience as a strategist, analyst, portfolio manager and proprietary trader of equities, commodities and equity and index derivatives for both buy-side and sell-side firms.
Mike is the co-author of "Trade Options, Make Money" a comprehensive guide to understanding the value of options, optionality, volatility and strategy for both retail and institutional investors that includes practical real-life examples of do's and don'ts for everyone from options novices to seasoned practitioners.
Mike was previously a partner at Cantor Fitzgerald and a principal and managing director at CRT Capital. Mike also held senior trader positions at Bluefin Trading, LLC and Gateway Partners, LLC, both Proprietary Trading Firms based in New York, and as an analyst at Ivory Capital, a research-intensive, fundamental value-based investment firm headquartered in Los Angeles.
In his current role Mike advises hedge funds, mutual funds, insurance companies, family offices and pension plans in the effective use of listed options for enhancing returns and managing risk.
In addition, Mike shares his insights through articles as a contributor for thestreet.com, and through frequent speaking engagements at conferences on a broad array of topics including trading strategy at investment conferences such as InvesTools, The Money Show, and Inside ETFs, on market structure and regulation at the Futures Industry Association Conference and the Options Industry Conference, and on careers in finance as a keynote speaker at the Drexel University, Lebow School of Business.
Mike is a Former Member of the Philadelphia Stock Exchange Nasdaq/OMX, NYSE-AMEX, and the New York Mercantile Exchange. Mike holds a B.A. from Tufts University.
Follow Michael Khouw on Twitter @Michael_Khouw.
One is a major oil company, the other is a social media giant. One has a P/E below 10, and the other has a P/E above 120. One has risen almost 20% in the past three months, and the other has plunged almost 30%. But these two companies have at least one thing in common: On Friday the traders on CNBC's “Options Action” see them heading higher.
When Fed Chairman Bernanke unveiled a new round of qualitative easing last week, it sure made the "Options Action" traders optimistic. At least, that’s the way it seemed on Friday’s show, when they presented two bullish trades — one on Apple, and another on Wells Fargo.
Time to get bullish? The "Options Action" traders sure seemed to think so. After all, on Friday’s show, they explained why they expect two very different stocks to go higher — Apple and Bank of America.
One is a much-maligned social media company, and the other is a Dow stalwart. Their common thread? The traders on Friday’s ‘Options Action’ foresee both stocks heading higher. Let’s check out the bull calls on Facebook and Boeing.
Tiffany and Yum Brands might sell very different types of products, and appeal to quite dissimilar customer bases. But whether we’re talking about silver or fried chicken, one thing is clear—both companies have massive international exposure
After the worst week of the year for the S&P 500 and the Nasdaq, Riskreversal.com’s Dan Nathan thinks the scene is set for a global stock swoon over the next few months.
Two bearish trades on two wildly different companies. That more or less sums up last Friday’s Options Action, where the market’s recent rally took a back seat to some decidedly downbeat views on our show.
Traders are betting there will be a lot more pain in semiconductors.
The big bets on Applied Materials continue with one trade wagering $1.15 million that the stock will rally in 3 months.
Traders appear to be betting that Freeport-McMoRan will rally over the next couple months.
There's a new stock holding the most sway in the Dow and it isn't Apple.
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Mike Khouw, Options Action trader, shares his view on News Corp stock on the heels of testimony from Rupert Murdoch before British Parliament.
Do you have a question for the Options Action team? Options Action selects a viewer's question and gives the answer on the show's Make The Call Web Extra video.