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CNBC LAUNCHES "OPTIONS ACTION," A NEW PRIMETIME PROGRAM TO AIR FRIDAY NIGHTS AT 11:30PM ET BEGINNING FRIDAY, JANUARY 16TH

CNBC LAUNCHES "OPTIONS ACTION," A NEW PRIMETIME PROGRAM TO AIR FRIDAY NIGHTS AT 11:30PM ET BEGINNING FRIDAY, JANUARY 16TH

Weekly Half-Hour Program, Hosted By Melissa Lee and Sponsored By thinkorswim

ENGLEWOOD CLIFFS, N.J. –

January 13, 2009 - CNBC, First in Business Worldwide, announced CNBC's "Options Action," a new primetime program, will join the network's programming lineup beginning Friday, January 16th airing Fridays at 11:30PM ET and broadcasting from CNBC's Global Headquarters in Englewood Cliffs, NJ.

Hosted by CNBC's Melissa Lee and sponsored by thinkorswim (Nasdaq: SWIM), a leader in investor education and options trades, CNBC's "Options Action," is a fast-paced, weekly half-hour roundtable discussion featuring four prominent options traders who will explain the advantages of options trading and demonstrate the strategy using the news of the week. Fresh from the trading desks, the "Options Action" traders will not only offer the latest fundamental analysis of individual stocks, but also teach viewers how to employ the right option strategies to potentially limit risk and increase investment rewards.

Lee, a CNBC reporter and anchor, will lead roundtable discussions with some of Wall Street's top option traders and market makers: Stacey Gilbert, Market Strategist, Susquehanna Capital Group; Michael Khouw, Director, Equity Derivatives Trading US, Cantor Fitzgerald; Jim Iuorio, Managing Director, TJM Institutional Services; Brian Stutland, President, Stutland Equities; and Joseph M. Terranova, Chief Alternatives Strategist, Virtus Investment Partners.

CNBC's "Options Action" will offer viewers a unique glimpse into how the smart money is taking advantage of the unprecedented market volatility. With the help of some of the top option traders from Wall Street's most prestigious firms, "Options Action" will demystify a fast-growing but crucial corner of the capital markets.

"In a time of unprecedented market volatility, options have emerged as a vital weapon in the battle to preserve capital," said Susan Krakower, CNBC's Senior Vice President, Strategic Programming and Development. "CNBC is an investor-driven network and 'Options Action' will educate individual investors on the many advantages of options trading in this new era of risk."

"Our mission is to share timely, actionable, cutting edge options strategies and tactics with as wide an audience as possible," said Lee Barba, CEO, thinkorswim Group Inc. "I can think of no better way to do that than through sponsorship of this groundbreaking CNBC program. I encourage all self-directed investors to tune in."

Beginning Friday, January 16th, CNBC's "Options Action" will air Fridays from 11:30PM-12AM ET, and will repeat on Saturday and Sunday mornings at 6AM ET on CNBC.

For more information about CNBC's "Options Action," go to: optionsaction.cnbc.com. In addition, full episodes will be available at optionsaction.cnbc.com on Mondays following the Friday airings.

Bios of "Options Action" talent are below:

Melissa Lee is a reporter and anchor for CNBC, based at the network's global headquarters in Englewood Cliffs, N.J.

Lee covers investment banking, hedge funds and private equity. She also reports extensively on China-the country's growth, its challenges and the opportunities for US businesses. In 2008, she reported and anchored a one-hour documentary, "Made in China: People's Republic of Profit" from Beijing and Shanghai.

Lee also contributes reports to NBC's "Today" show.

Lee has been nominated for two Emmy awards in Business News. In 2007, she was recognized for her report, "The $50M Con," about a college student-turned scammer who ran a fake hedge fund and was ultimately caught by the FBI. And in 2003, she was nominated for her reporting on the proxy voting of mutual funds.

Prior to joining CNBC in 2004, Lee worked for Bloomberg Television and CNN Financial News.

Before her career in television, Lee was a consultant at Mercer Management Consulting. Her cases focused on the banking and credit card sectors.

Lee graduated with honors from Harvard College with a Bachelor of Arts in Government. She also served as Assistant Managing Editor of the Harvard Crimson.

Stacey Gilbert is currently a senior options trader for Susquehanna International Group, LLP in Bala Cynwyd, PA, specializing in "special situations." She formerly headed Susquehanna Financial Group, LLP's Market Intelligence Research Department (Derivative Research).

Michael Khouw is a senior Equity Derivatives trader at Cantor Fitzgerald, LP and manager of the US Listed Equity Derivatives Desk. Before joining Cantor, Khouw was an analyst/consultant for Ivory Capital, a floor based options trader for Bluefin Energy, LLC, where he co-founded the energy options trading group and was responsible for teaching options trading to firm's new hires, and an options trader for Gateway Partners, LLC.

Jim Iuorio is the Managing Director at TJM Institutional Services and trades at the Chicago Mercantile Exchange. Iuorio graduated from the University of Illinois in 1987 and has been working on the floor of CME ever since. The majority of his floor time has been spent brokering futures and options trades for large institutional clients.

Brian Stutland established his own floor trading company, Stutland Equities LLC in 2002. He pioneered the shift to electronic options trading, as Stutland Equities became one of the first Remote Market Makers on the Chicago Board Options Exchange (CBOE) and then was a trailblazer in 2006 as he became of the first traders to take on positions in VIX Volatility futures and options.

Joseph M. Terranova was named Chief Alternatives Strategist for Virtus Investment Partners and co-portfolio manager for the Virtus Alternatives Diversifier Fund in 2008. In this role, Terranova is responsible for directing the investment strategies related to alternative investments, including commodities, natural resources, global infrastructure, currencies, real estate and hedge funds. Prior to joining Virtus Investment Partners, Terranova spent 18 years at MBF Clearing Corp., rising to position of Director of Trading for the company and its subsidiaries.



About CNBC:
CNBC is the recognized world leader in business news, providing real-time financial market coverage and business information to more than 340 million homes worldwide, including more than 95 million households in the United States and Canada. The network's Business Day programming (weekdays from 5:00 a.m.-7:00 p.m. ET) is produced at CNBC's headquarters in Englewood Cliffs, N.J., and also includes reports from CNBC news bureaus worldwide. Additionally, CNBC viewers can manage their individual investment portfolios and gain additional in-depth information from on-air reports by accessing http://www.cnbc.com.

Members of the media can receive more information about CNBC and its programming on the NBC Universal Media Village Web site at http://nbcumv.com/cnbc/.

About thinkorswim:

thinkorswim, Inc., the brokerage arm of thinkorswim Group Inc. (Nasdaq: SWIM), is a leading online brokerage and technology provider focused on offering services and a suite of trading platforms for self-directed options traders, active traders, institutional traders and money managers. thinkorswim customers trade a broad range of products including stock and stock options, index options, futures and futures options, forex, mutual funds and fixed income. thinkorswim provides unique front-end trading platforms that allow customers to trade electronically, sophisticated analytical and research tools, and fast, efficient order execution for even the most complex trading strategies. The products and services offered by thinkorswim have received numerous accolades from third parties including Barron's ranking as its top rated software-based online broker and "best for options traders" (March 6, 2006 and March 5, 2007) and second overall on March 15, 2008. thinkorswim was evaluated versus others in eight total categories including investment types that can be traded, the quality of screeners provided to sort through stocks, options, or funds, the consumer-friendliness of trading screens, overall ease-of-use and ability to be customized. thinkorswim topped the list on 2006 and 2007 with the highest weighted average score. Barron's is a registered trademark of Dow Jones & Company (c) 2006, 2007, 2008.

For more information about thinkorswim visit www.thinkorswim.com

or call 1-866-839-1100.

For more information on Investools, thinkorswim Group Inc.'s education division, visit www.investools.com.