Dips Buying Dips
September 5, 2017
Options guru and veteran floor trader, Frank Fahey, leads off talking markets, college football and much more. Joel Elconin of Benzinga talks baseball pennant races before envying the ever-fortunate ‘buy the dippers’. Karl Denninger of Market Ticker returns to the show to discuss the jobs number, the lobbying industry and North Korea. Finally, John Neal of PTI Securities & Futures‘ Peoria, AZ location shares trading strategies.
Guests & Co-Hosts
Frank Fahey is a multidisciplinary professional with over 30 years experience in Options Trading and Sales Management with an exceptional track record of superior results in high risk-reward corporate and entrepreneurial environments. He has been a member of both the Chicago Board Options Exchange and the Chicago Board of Trade. Frank is one of the few non-exchange employees certified to teach classes on advanced options strategy and options volatility on behalf of the Options Industry Council. Frank is consulting with an international agricultural cooperative to develop and implement strategies to use options to enhance hedging of their crops. He has worked a CBOE DPM, to develop Vega and gamma focused algorithms and methodologies for computer-based tools, and is the ad-hoc risk manager and consulting strategist for a private family hedge fund. Frank has developed presentations, seminars, webinars, and course content for the Chicago Board Options Exchange, the Options Industry Council, DiscoverOptions, OptionVue, PEAK6 University and CzechWealth (Prague).
Check out Frank’s weekly blog on the Stocks & Jocks website!
Joel’s introduction to trading was in the Standard and Poor’s 500 Index futures pit at the Chicago Mercantile Exchange. Also, during his time at the CME, he was involved in Index Arbitrage as well as trading foreign currency futures and options. From 1994-1999 he was a proprietary trader for Olde Discount Corporation. Following his tenure at Olde Discount, he founded the Detroit office of Bright Trading, LLC. His responsibilities included trader recruitment, orientation and education as well as the day to day management of the office. He held this position office until 2003. Since 2003, Joel has been an independent trader researching and developing proprietary indicators and trading systems for the equities and futures markets. In 2007, Joel joined JC Trading Group as a Market Consultant and trading supervisor. He provides daily market commentary at www.premarketinfo.com. Joel obtained his Bachelor of Art in Political Science from the University of Michigan in 1985. Also, he is a graduate of the Chicago Mercantile Exchange Continuing Education Program. He also holds his Series 7 and 63 licenses and is a licensed real estate broker.
Karl Denninger is an American technology businessman, finance blogger, and political activist, sometimes referred to as a founding member of the Tea Party movement.
Denninger was the founder and CEO of MCSNet in Chicago. Opened as Macro Computer Solutions, Incorporated in 1987, it expanded its service offerings in 1993 to become one of the area’s first commercial internet service providers. Among its customers was the Chicago Public Library, which relied on MCSNet for both internet access and web hosting. In 1997 he led a coalition of ISPs in setting up the Enhanced Domain Name System, a short-lived alternative DNS root which allowed registrants to add their own generic top-level domains. Denninger continued to run MCSNet until August 1998, when he sold it to Winstar Communications for an undisclosed amount. For his efforts, the Chicago Sun-Times dubbed him one of “the movers and shakers who brought Chicago into the Internet Age”. After the sale of MCSNet, he moved to Florida, where he began to devote more time to stock trading and political activism.
John Neal directs PTI Securities’ Glendale, Arizona office serving the firm’s clients in the Phoenix metro area and across the Western U.S. He oversees day-to-day operations, including client services, investor education, staff management and marketing. John has more than 12 years of management experience in the securities and financial services industry. He joined PTI Securities in 2003 in this role. Prior to that time, he was a branch manager with Phoenix area firms, Granite Capital Management and, most recently, Independent Financial Management. A native of Pittsburgh, Pennsylvania, John earned a bachelor’s degree in international management from Arizona State University in Tempe. Away from work, John enjoys reading, live music and outdoor activities. He also volunteers with the St. Vincent De Paul Society and the Lupus Foundation of America. Married with two children, John and his family live in Peoria, Arizona.
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