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

Intermediate Trade: JJG

Intermediate Trade: JJG

I prefer a bullishly biased vertical call spread.

Novice Trade: XOM

Novice Trade: XOM

The proverbial last long might have already bailed.

Novice Trade: USO

Novice Trade: USO

The shorts are in up to the eye sockets in this one.

Novice Trade: UltraShort Dow 30 ETF

Novice Trade: UltraShort Dow 30 ETF

Novice Trade: UltraShort Dow 30 ETF

Intermediate Trade: QQQ

Intermediate Trade: QQQ

Try this bearishly biased, out-of-the-money put spread on the Nasdaq 100 ETF.