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
NetApp is seeing huge call volume Monday, ahead of its quarterly report Wednesday after the close. ... NTAP was above $26 in September, but bottomed at $10.39 in early November. Since then the data storage company has steadily climbed; at one point today the shares reached $16.74 after a Barron's article called the company recession-resistant.
Dow Chemical is seeing strong call activity despite a posting a weak earnings report yesterday. Early Thursday, traders bought some 10,700 calls at the February 12.40 strike, which quickly rose in price from $0.20 to $0.35. Many of those calls (DOWBV) were bought in blocks as large as 2,448 contracts each
Intuitive Surgical has rallied more than $20 in the last five sessions since we cited unusual buying of stock and options in the company. The sharp rise has taken place amid persistant takeover rumors involving Johnson & Johnson and the robotic surgery giant.
A large options trade Monday is betting on a dramatic move in Constellation Energy Group. ... That, my friends, is a "put-ratio backspread" — a spread that anticipates and demands a major move to make money.
Options traders are making a short-term bearish play on the Nasdaq 100-indexed ETF. The QQQQ exchange traded fund closed Thursday down 2.5 percent to $29.58, finishing right in the middle of its recent range. ... The QQQQ options were second on the overall volume list for the day, with 641,000 contracts traded.