User:Sadhbhr/Jon Najarian

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Jon Najarian Jon Najarian, known informally by his trading acronym of DRJ, or Doctor J, is a trader, market analyst and co-founder of optionMONSTER^[1], tradeMONSTER and Drakon Capital. He is a regular contributor to CNBC's show Fast Money, and has been a member of the Chicago Board of Trade since 1982.

Along with his brother, Pete Najarian, Jon 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.^[2]

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.^[3]

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.^[4]

In 1991 Doctor J founded 1010WallStreet.com, a financial news site aimed at serious traders.^[5]

Najarian was chief market strategist at PTI Securities, a securities and futures firm he co-founded in 1991.^[6]

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 September 11, 2001 terrorist attack in the United State that "somebody knew ahead of time the attacks would occur."^[7]

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. ^[8]

In 2008 Najarian teamed up with his brother Pete Najarian and professional trader Guy Adami to start Drakon Capital^[9] (a sister company of optionMONSTER and tradeMONSTER). In 2010 Drakon launched with it's two products stockMONSTER and futuresMONSTER

References

^ [1] optionMONSTER.com
^ [2]'Online brokerage launches into stormy seas' Crain article
^ [3]optionMONSTER.com
^ [4]The Money Show April 9, 2008
^ [5]Taking Care of Business with Doctor J
^ [6]A Short Memory Is A Trader's Best Friend
^ [7]reference to Poteshman article
^ [8]Invest Like a Monster Interview on benzinga.com
^ [9]drakoncapital.com

[1] [1] optionMONSTER.com

[2] [2]'Online brokerage launches into stormy seas' Crain article

[3] [3]optionMONSTER.com

[4] [4]The Money Show April 9, 2008

[5] [5]Taking Care of Business with Doctor J

[6] [6]A Short Memory Is A Trader's Best Friend

[7] [7]reference to Poteshman article

[8] [8]Invest Like a Monster Interview on benzinga.com

[9] [9]drakoncapital.com

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