Jon “DRJ” Najarian is a professional investor, noted media analyst and speaker, and co-founder of OptionMonster.com, a leading site for options and equity traders. Following a brief stint as a Chicago Bears linebacker, Jon launched his financial career at the Chicago Board Options Exchange (CBOE) in 1981, trading in the pits for some 25 years. In 1989 he founded Mercury Trading, running the company for 15 years until 2004, when he sold his floor-trading operations to Citadel, one of the world’s largest hedge funds. More recently, Jon — often known after his CBOE floor call letters “DRJ” — has developed and patented trading applications used to identify unusual activity in stock, options, and futures markets, notably the Heat Seeker® program, which scans up to 1,000,000 quotes per second. Jon’s research and analysis, based on the Heat Seeker® and complementary programs, is widely cited by leading financial media including The Wall Street Journal, Reuters, Bloomberg, Barron’s, and others. He hosts a CBS Radio show and is a CNBC contributor. OptionMonster, which delivers news, education, and market intelligence services for self-directed traders, has been described by Securities Industry News as “content king of the options business,” and enjoys syndication agreements with CNBC, the Chicago Board Options Exchange and Nasdaq.
Bullish traders were piling into Smith International yesterday, apparently betting that the oil services company will break through resistance levels that have been in place for months. Read More
Traders were busy buying upside options in Joy Global yesterday ahead of a presentation by the mining equipment maker at the annual JP Morgan Diversified Industries Conference today. Read More
Shares of Energy Conversion Devices rocketed some 25 percent along with heavy options activity yesterday amid rumors that Applied Materials may be interested in buying the solar panel maker. Read More
McAfee has been caught in a fairly tight trading range for much of the last two months, but options traders are betting that the computer security company will move significantly higher by mid-August. Read More
Akamai Technologies has fallen sharply in recent weeks but popped more than 5.5 percent yesterday as options traders rushed into upside calls. Read More