Pete Najarian, the "Pit Boss," was ranked one of the top 100 traders by Trader Monthly magazine.
Today he is a co-founder ofNajarian Family Office,a private wealth management firm, as well as Najarian Advisors, a companyadvising institutional investors on options strategies.
Together with his brother, Jon"DRJ" Najarian, he is also a founding member of Investitute.com, a financial education and newsletter services company, as well as best-selling author of both "How We Trade Options" and "The 22 Rules of Investing."
Najarian invests in and works with start-ups via Rebellion Partners, where he is a founding member.
Following a football career that included several seasons with the NFL's Tampa Bay Buccaneers and Minnesota Vikings, Najarian took up options trading in 1992 joining his brother, Jon "DRJ" Najarian, at Mercury Trading, a market-making firm at the Chicago Board Options Exchange (CBOE). Two years later, he assumed responsibility for Mercury's risk and arbitrage and later led its entry onto the New York Stock Exchange (NYSE).
He also led Mercury's joint venture with M.J. Meehan, the third-largest specialist firm on the NYSE. From 2000 to 2004, Najarian served as president of Mercury, and helped execute its sale to Citadel, one of the world's largest hedge funds. During this period, Najarian chaired the Exemption Committee of the CBOE for three years and served as a floor official for eight terms.
Najarian has been a founding member of One Chicago, an electronic exchange committed to becoming the global leader in futures on individual stocks, narrow-based indexes, and ETFs. He is also the Co-Founder of Hedgehog stock, options, and futures trading platform and together with brother Jon, co-developed the Heat Seeker™ and complementary programs identifying unusual buying activity in stocks, options, and futures. Najarian is one of the "Fast Money Five" on CNBC's Fast Money, and also contributes to CBOE-TV, the exchange's popular webcast.
In 2005, Najarian co-founded,together with his brother Jon, optionMONSTER, an options news and education firm, and tradeMONSTER, a leading online brokerage firm, that for years 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.
Najarian graduated with a BA from the University of Minnesota.
What does Pete Najarian do when he's not investing? Here's a look in our Halftime Report "Trade Off."
Follow Pete Najarian on Twitter @petenajarian.
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“Fast Money Halftime Report” trader Jon Najarian discusses unusual options activity in IWM, the iShares Russell 2000 ETF.