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
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.
Options traders are making large bets in highly leveraged financial plays. The ProShares Ultra Financials ETF aims to produce twice the daily returns of the Dow Jones Financial Index — but instead, the ETF has plummeted from over $40 a year ago because of its high leverage. How are options traders playing it?
Qualcomm hasn't been able to break higher, and now traders are using options to play the downside. QCOM stock is down 1.2 percent Monday to $36.14 as of this writing. Here's the big trade of the day...
Caterpillar posted fourth-quarter profit of $661 million, or $1.08 per share Monday morning, compared to $975 million or $1.50 per share in the prior year period. CAT, which also says it is will offer buyouts to 25,000 employees, dropped more than 8 percent five minutes after the open. Here's how I'm playing it!
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...
"Halftime Report" trader Jon Najarian bought shares of SeaDrill after spotting unusual activity in the options market.
After comments on the rate hike by Fed's Stanley Fischer, Tom Lee, Fundstrat head of research, says the markets are confused about the rate hike. Lee discusses Wall Street's wild week.
Eric Wasserstrom, Guggenheim analyst, explains the upgrade on Citigroup, Regions Financial and U.S. Bancorp.