Skip Raschke has been with Options Profits since its inception in 2010. He is a graduate of Gonzaga University (B.A. Sociology). Prior to his Wall Street career in 1971, he was drafted by the New York Yankees as a pitcher. His professional record was 16 wins, 6 losses with a 3.30 E.R.A. and a no-hitter to his credit. In addition Skip served in the USMCR for 6 years. After a career-ending elbow injury Skip began his career on Wall Street in 1975 as a registered stock/options broker with Paine Webber. In 1982 he bought a seat on the Philadelphia Stock Exchange where for 10 years he was a registered options trader (a trading pit market maker). He later served as a registered Commodity Trading Advisor (C.T.A.), brokering a hedge fund. In addition he was a proprietary stock/options trader for Van Der Moolen.
Recent Articles By The Author
Novice Trade: PulteGroup
The tactic is the bullishly biased, near-the-money long call "shooter" expiring in August.
Straightening Out the Crisscross Strangle
The tactic for active traders is a combination buy of two in-the-money options, one a call and one a put.
Novice Trade: XLE Energy Sector ETF
Try this out-of-the-money, bullishly biased, long-call shooter in this sometimes-volatile sector on XLE's breakout potential.
Intermediate Trade: Disney
The options tactic is the out-of-the-money, bullishly biased vertical call spread expiring in September.
Intermediate Trade: Intel
This bullishly biased, out-of-the-money, vertical call spread is high risk, so use discretionary capital.
Intermediate Trade: Kraft Heinz
Try a bearishly biased, out-of-the-money, vertical put spread on KHC.
Novice Trade: HP Inc
This bullishly biased, near-the-money, long call in HPQ is risky, so use discretionary capital.