Jon Najarian

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Jon Najarian
Jon Najarian.JPG
Occupation Co-Founder
Employer optionMONSTER
Occupation Co-Founder
Employer tradeMONSTER
Location Chicago
Twitter @optionMONSTER
LinkedIn Profile
Website www.optionmonster.com

Jon Najarian, known informally by his trading acronym of DRJ or Doctor J., is a trader, market analyst and co-founder of optionMONSTER and a provider of market intelligence, commentary and trading strategies.[1] He developed and patented trading applications and algorithm used to identify unusual activity in stock, options, and futures market. [2] He is a regular contributor to CNBC's show Fast Money. He has been a member of the Chicago Board of Trade since 1982.

Along with his brother, Pete Najarian, he founded an online brokerage called tradeMONSTER in October 2008, during the worst financial turmoil in three-quarters of a century. tradeMONSTER sends trading information through the Web without requiring clients to download trading software. It is in direct competition with rivals such as OptionsXpress Holdings Inc.[3]

Background

Najarian began his financial career at the Chicago Board Options Exchange in 1981 after a brief stint as a professional football player with the Chicago Bears.[4]

In 1989, he founded Mercury Trading, running the company for 15 years until he sold his floor operations in 2004 to Citadel, one of the world's largest hedge funds.[5][6]

In 1991 Doctor J founded 1010WallStreet.com, a financial news site aimed at serious traders.[7]

Najarian was chief market strategist at PTI Securities, a securities and futures firm he co-founded in 1991.[8]

Najarian has been a business anchor for Fox Television Chicago & First Business, a show that airs in 160 markets across the country. He also publishes the proprietary, trademarked HeatSeeker & DepthCharge research on the financial website he and his brother Pete co-founded, optionMONSTER.com.[9]

In a draft research paper dated March 10, 2002 from Allen M. Poteshman of the Department of Finance, College of Business at the University of Illinois at Urbana-Champaign, Najarian was cited as concluding from trading activity ahead of the Sept. 11, 2001 terrorist attack in the United State that "somebody knew ahead of time the attacks would occur."[10]

Najarian is an advocate of education, and believes that educated traders are more profitable traders. He regularly hosts free educational webinars through optionMONSTER. He also co-hosts weekend conferences throughout the united stated titled “Invest Like a Monster”, which focuses on basic and mid-level options and equity trading education. [11]

In 2008 Najarian teamed up with his brother Pete Najarian and professional trader Guy Adami to start Drakon Capital (a sister company of optionMONSTER and tradeMONSTER. In 2010 Drakon launched with it's two products stockMONSTER and futuresMONSTER.

Najarian and his brother Pete Najarian lead the money management firm Najarian Capital Advisers, a Registered Investment Advisor (RIA) that manages funds and provides analysis, consultation and risk management services to pensions and endowments. [12]

Education

Najarian attended Gustavus Adolphus College in Minnesota.

John Lothian News Interview

Monster Volumes: Jon Najarian Says Weeklys Are Powering Options Volumes
US options volume reached its second highest level in 2013 but can it continue to grow in 2014? Jon Najarian, co-founder of OptionMONSTER, said the key drivers for the options industry are: weekly options, a strong economic recovery and continued demand for more options education

References

  1. About Us. optionMONSTER.
  2. CNBC Profiles. CNBC.
  3. Online brokerage launches into stormy seas. Crain's Chicago Business.
  4. About Us. optionMONSTER.
  5. Jon Najarian. The Money Show.
  6. Jon "DRJ" Najarian. CNBC.
  7. Taking Care of Business with Doctor J. Tcbmarkets.com.
  8. A Short Memory Is A Trader's Best Friend. Chicago Board of Trade.
  9. Jon Najarian. The Money Show.
  10. Unusual Option Market Activity and the Terrorist Attacks of September 11, 2001. University of Illinois.
  11. Invest Like a Monster Interview. Benzinga.
  12. CNBC Profiles. CNBC.