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

The Kind of Points That Really Matter

The Kind of Points That Really Matter

Traders don't deal in percentages. They deal in dollars. Let's not overlook that.

Defining a Correction: What's Your Point?

Defining a Correction: What's Your Point?

Traders don't deal in percentages. They deal in dollars. Let's not overlook that.

Intermediate Trade: CurrencyShares Euro ETF

Intermediate Trade: CurrencyShares Euro ETF

The tactic for FXE is the near-the-money vertical put spread expiring in December.

Intermediate Trade: VanEck Gold Miners ETF

Intermediate Trade: VanEck Gold Miners ETF

The tactic is the near-the-money vertical call spread expiring in December.

Intermediate Trade: Freeport-McMoRan

Intermediate Trade: Freeport-McMoRan

The trade is the bullishly biased, at-the-money vertical call spread expiring in January.