Skip Raschke

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

Novice Trade: PulteGroup

The tactic is the bullishly biased, near-the-money long call "shooter" expiring in August.

Straightening Out the Crisscross Strangle

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.

Intermediate Trade: Cisco Systems

Intermediate Trade: Cisco Systems

Try this covered call tactic on CSCO's projected earnings growth.

Novice Trade: XLE Energy Sector ETF

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

Intermediate Trade: Disney

The options tactic is the out-of-the-money, bullishly biased vertical call spread expiring in September.

Novice Trade: iShares Gold Trust ETF

Novice Trade: iShares Gold Trust ETF

Try this options play on weakness in gold prices.

Novice Trade: PowerShares Agriculture ETF

Novice Trade: PowerShares Agriculture ETF

This is a very high-risk, long call shooter on DBA.

Intermediate Trade: Intel

Intermediate Trade: Intel

This bullishly biased, out-of-the-money, vertical call spread is high risk, so use discretionary capital.

Intermediate Trade: Kraft Heinz

Intermediate Trade: Kraft Heinz

Try a bearishly biased, out-of-the-money, vertical put spread on KHC.

Novice Trade: HP Inc

Novice Trade: HP Inc

This bullishly biased, near-the-money, long call in HPQ is risky, so use discretionary capital.