May 16, 2017
Jon Najarian of CNBC’s ‘Fast Money’ calls in to discuss Trump’s alleged leaks to Russia before telling us how to fix both healthcare and the tax code. Brent Slava of Benzinga shares a quick market update. Kenny Polcari, Director of NYSE Floor Operations at O’Neil Securities and a contributor to CNBC, wonders if bears will ever make a run in 2017. Dan Sheridan of Sheridan Mentoring calls in to reminisce about the old trading floor days before getting into the weeds on option strategies. Finally, John Neal of PTI Securities & Futures‘ Peoria, AZ office talks playoff hockey and more.
Guests & Co-Hosts
Jon “DRJ” Najarian is a professional investor, noted media analyst and speaker, and cofounder 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. Jon 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 10 million quotes per second. Jon’s research and analysis is widely cited by leading financial media as he appears daily on CNBC as well as articles published in Barrons, the Wall Street Journal and other leading financial periodicals. OptionMONSTER has been described by Securities Industry News as “content king of the options business,” and enjoys syndication agreements with CNBC, TheStreet.com, the Chicago Board Options Exchange, and NASDAQ. Jon & his brother Pete also run a private equity fund and are consultants for Najarian Family Office, a wealth management firm based in Chicago & Minneapolis. Read more.
Brent Slava is a Senior Analyst at Benzinga.
In the realm of institutional financial services, Kenneth Polcari stands out as a go-to expert in starting up, turning around, and growing investment operations to consistent profitability and world-class service. His background in managing institutional relationships and directing trading strategies has given him the steely drive, inventiveness, and perseverance to prevail in the most volatile economic climates.
Currently Mr. Polcari is Director of NYSE Floor Operations at O’Neil Securities, Inc – the B/D division of Wm. O’Neil & Company out of Los Angeles, CA and represents the interests of global institutional asset managers that need to access the world’s equity markets. He is a Board Advisor/Markets Expert for The Integral Board Group and a speaker on behalf of The American College. Prior to this he was a Managing Director for 15 yrs at Icap Corps, LLC- a British based Inter-dealer Broker. Earlier in his career, Mr. Polcari served as Senior Vice President, member New York Stock Exchange and division manager with Salomon Brothers directing their NYSE Division during the heady bull market of the 1990’s. In addition to managing the division, he helped design an equity technology platform that automated and enhanced trading functions and significantly improved productivity. Mr. Polcari gained a reputation for superior management skills, client service and relationship building, as well as a savvy insight in risk mitigation.
Mr. Polcari has leveraged his superior communication and presentation skills and is a “CNBC Exclusive Contributor/Market Analyst”. You can find him giving market commentary from the floor of the NYSE across a range of their US programming including “The Half-Time Report”, “Power Lunch” and “Closing Bell” in addition to giving US market commentary to CNBC Asia and CNBC/Italy. In addition he is oft quoted in major print media outlets that include the WSJ, FT, Reuters and regional local and International publications.
He is an engaging public speaker that seeks to help the industry and the public understand current market structure and trends as well as institutional investment styles. Topics include the Evolution of the U.S. Equity Markets & the Role of Technology, Rules And Regulations, Policy Initiatives as well as
The Impact of 9/11 on the U.S. Financial Markets.
Mr. Polcari received his Bachelor of Science in Business Administration, with a major in Finance, from Boston University. He holds FINRA Licenses in Series 7, 24, 27, 55, and 63.
Active in the financial community, he is as a member of the Security Traders Association (STA) and has served on its Trading Rules Committee. In addition he is a board member of the National Organization of Investment Professionals (NOIP), the Security Traders Association of NY (STANY) and the National Security Traders Association. Leadership roles include past president of the Independent Floor Brokers, former governor of the NYSE, former member of the Market Performance Committee, the Technology Committee, and the FACTS Program. He is also a supporter of a variety of charitable causes including the Members Handicapped Children’s Fund, The Headstrong Project, the Non-Hodgkin’s Lymphoma Society, American Cancer Society, and The Spaulding Traumatic Brain Injury Rehabilitation Hospital. He lives in Westchester County, NY with his wife – also a former member of the NYSE – and is the father of two daughters.
Mr. Kenny Polcari is a member and Director of NYSE Floor Operations on behalf of O’Neil Securities, Inc. representing the interests of institutional asset managers needing access to global equity markets. In addition to his role as an Adjunct Professor at the Boston Graduate School he is also a Markets Expert at Integral Board Group, LLC. His decades long experience in the equity markets and his position on the floor of the exchange gives him and his clients a unique view of the daily market action. Mr. Polcari is a veteran equities trader, a CNBC exclusive contributor / market commentator appearing across a range of CNBC Global programming, an engaging speaker and champion of the U.S. capital markets and can be found working with the financial media, industry conferences and investor events helping public audiences understand the markets. In addition to CNBC – media highlights have included Bloomberg, CNN (domestic and international), ABC, Fox, Reuters, AP, BBC, WSJ, Financial Times, Yahoo Finance. Additional international credits include Der Spiegal, China Business and RAI. He is well known for his daily boots-on-the-ground market analysis. Every morning, Mr. Polcari publishes a large-audience newsletter starting with insights on the day’s market action and ends with a recipe to serve the mood of the markets. Earlier in his career, he served as Managing Director at ICAP Corps, LLC and was Senior Vice President, member New York Stock Exchange and division manager with Salomon Brothers directing their NYSE Division. Mr. Polcari graduated from Boston University School of Management with a BS/BA degree with a concentration in Finance. He is a frequent lecturer on topics such as the Evolution of the U.S. Equity Markets & the Role of Technology, Rules And Regulations, Policy Initiatives as well as The Impact of 9/11 on the U.S. Financial Markets.
Dan is a veteran CBOE market maker, who worked with the highly successful specialist firm Mercury Trading, headed up by Jon and Pete Najarian. While at Mercury, Dan was responsible for training most of the traders including Pete Najarian, one of the current hosts of CNBC’s Fast Money. Dan left the pits in 2004, and founded Sheridan Mentoring. He now teaches individual traders the techniques and methods he used everyday to consistently profit in the options markets. Dan also teaches professional and retail traders through many additional channels: He hosted the weekly CBOE TV show, Options Safari at CBOE.com and he frequently does educational webinars for the CBOE and many brokers, as well as his new TV show called Sheridan TV, airing weekly at www.SheridanTV.com.
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.
Categories: 401K | Amazon | Banks | Bonds | CBOE | Chicago | CME | Donald Trump | Dow Jones | Economy | Federal Reserve | Foreign Policy | Fundamentals | Futures | Gambling | Government | Healthcare | Horse Racing | Illinois | Insurance | Interest Rates | ISIS | Japan | Markets | Monopolies | Mortgage and Lending | NASDAQ | National Security | Newspapers | NHL | Obamacare | Options | Phoenix | Quantitative Easing | Regulation | Russia | S&P 500 | Social Security | Stocks | Supreme Court | Taxes | Technicals | Terrorism | Trading Floor | Warfare | Welfare