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Watch > Episode > Jon Najarian - The Secret To Trading Options And Why 99% of Traders Get It Wrong

Jon Najarian - The Secret To Trading Options And Why 99% of Traders Get It Wrong


Stocks, Options & Football

Jon Najarian is a former NFL player turned professional investor, money manager and media analyst. He has earned a reputation in the industry as an options trading expert and pioneer, developing patented trading algorithms used to identify unusual activity in stock, options, and futures markets.

Jon Najarian, commonly known as “Dr. J,”, spent 25 years on the Chicago Board Options Exchange as a floor trader before selling his firm to Citadel, one of the world’s largest hedge funds. He has been on television for 20 years and currently co-host CNBC’s “Halftime Report” and “Fast Money” with his brother Pete Najarian.

Born on September 29, 1957, in Sioux Falls, South Dakota, Jon Najarian’s early life was marked by athletic achievements. He played college football at the University of Minnesota and later went on to play professionally in the National Football League (NFL) for the Chicago Bears and the Tampa Bay Buccaneers. Najarian’s early experiences in sports instilled in him discipline, teamwork, and a competitive spirit that would later transcend into his financial career.

Jon Najarian’s journey into the financial world began after his football career. Armed with a degree in veterinary medicine, Najarian took a detour into finance. He became a floor trader at the Chicago Board Options Exchange (CBOE) in the early 1980s, specialising in equity options trading. His deep understanding of the options market and his ability to navigate the complexities of financial instruments set the stage for a successful career in trading.

In 2005, Jon Najarian, along with his brother Pete, co-founded OptionMonster, an options-focused financial news and education website. OptionMonster quickly became a reputable source for market insights, analysis, and educational content. Recognising the growing importance of online trading platforms, the Najarian brothers launched TradeMonster in 2008, an online brokerage platform that catered to options traders.

Jon Najarian’s expertise and engaging personality soon caught the attention of financial media outlets. He became a regular contributor and commentator on CNBC, sharing his insights on market trends, trading strategies, and economic developments. His media presence has expanded to include appearances on other financial programs, making him a sought-after expert in the field.

In addition to his media contributions, Jon Najarian is committed to educating individuals about finance and trading. He has authored several books, including “How I Trade Options,” where he shares his insights into options trading strategies. Through books, seminars, and online content, Najarian has played a crucial role in demystifying the complexities of options trading for a broader audience.

Beyond his trading and media roles, Jon Najarian is actively involved in various entrepreneurial ventures. He has invested in and co-founded multiple startups, particularly those operating at the intersection of finance and technology. His ability to identify emerging trends in the financial sector has positioned him as both an investor and a forward-thinking entrepreneur.

In recent years, Jon Najarian has also been vocal about the potential of cryptocurrencies, such as Bitcoin. He has shared his perspective on the role of digital assets in the financial landscape, reflecting the evolving nature of finance and trading.

Jon Najarian’s journey from professional football to a prominent figure in finance and trading exemplifies the power of versatility and adaptation. As an accomplished trader, entrepreneur, media personality, and educator, Najarian has left an indelible mark on the financial industry. His ability to simplify complex financial concepts, coupled with a charismatic presence in the media, has made him a respected and influential figure. Whether providing market analysis on television or sharing his insights through books and educational initiatives, Jon Najarian continues to contribute to the understanding and democratisation of financial markets.


00:00 | Trailer.

02:33 | Brian’s thoughts on the episode.

04:01 | Brian’s introduction.

05:04 | Why Jon loves being in London.

06:36 | Discipline dictates action.

11:34 | Playing football for Chicago Bears and what it taught him about life.

19:21 | What it takes to be a stock trader.

23:08 | Transitioning from football to the trading pits.

26:19 | The Chicago pits

33:25 | Why the liquidity markets no longer exist.

37:02 | Losing money has to feel worse than the joy of winning when you are a trader.

43:44 | What led to his building the algorithms.

47:28 | Explanation of what futures and options are.

57:53 | Training his Mercury Trading traders where emotions and ego are a big problem.

59:52 | Jon reveals what their algorithms showed before 9/11.

1:10:35 | Starting up Option Monster and going into television.

1:15:19 | How to limit your losses and increase your gains.

1:21:09 | The exciting future of trading and options trading.

1:26:39 | Jon’s view of cryptocurrency.

1:29:56 | A typical trading day for Jon.

1:32:09 | Jon loves living in Chicago.

1:35;36 | The story of Jon’s rings and the connection to ALS (or MND).

1:40:46 | Where Jon sees himself in the next ten years.

1:45:56 | Jon’s daily practice.

1:50:31 | Jon’s superpower.

1:51:34 | Best and worst days of his life.

1:56:23 | What scares Jon.

1:58:27 | What we would be surprised to learn about Jon Najarian.

2:01:06 | What keeps him awake at night.

2:04:16 | Success secrets.

2:04:54 | Phone call to the 20 years old Jon.

2:05:50 | Best advice he ever received.

2:07:05 | Advice to the 20 years old watching.

2:09:35 | Brian’s summing up.



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