Open Outcry for the Glory Days
May 19, 2014
David Andalman of PTI Securities & Futures made his usual Monday morning appearance to talk technicals, the Blackhawks and the future of big companies like Wal-Mart. Marty Kearney, co-author of Understanding LEAPS® and a contributing author of Options: Essential Concepts and Strategies (3rd edition) of the Chicago Board Options Exchange (CBOE) reunited with the Chief to discuss where we are today compared to the good old days on the floor in the 1980’s.
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Guests & Co-Hosts
Technical Analyst, DACS Research, PTI Securities & Futures
David Andalman joins the Stocks & Jocks show every Monday and Wednesday morning. He was born and raised in Chicago, Illinois and earned his bachelor's degree in Engineering from the University of Illinois, and then his MBA in Finance and Marketing from Indiana University. David traded for a year at the MidAmerica Commodity Exchange before starting the DACS Research Newsletters on commodity futures, which were the first all-technical research newsletters at the CME. Currently, he has been a senior wealth manager and portfolio strategist for over 23 years. He holds registrations in Series 3, 4 (Options Principal), 7, 55, 63 and is a registered Commodity Trading Advisor. Read more.
Mr. Kearney is the co-author of Understanding LEAPS®, published by McGraw-Hill, released in September of 2002 and a contributing author of Options: Essential Concepts and Strategies (3rd edition), edited by The Options Institute, the educational arm of the Chicago Board Options Exchange (CBOE). Mr. Kearney began his long association with the CBOE when he became an independent Market Maker in early 1981. Mr. Kearney traded equity options full time on the trading floor until 1992 and periodically thereafter until 1996. In early 1992 he became a founding partner and Registered Options Principal of a brokerage firm based in Chicago. Mr. Kearney’s responsibilities included development and implementation of hedging and trading strategies using listed options for their institutional clients as well as their retail investors. Mr. Kearney authored a weekly strategy letter for over four years, and composed the daily comments on the firms’ website, which he helped develop. He has been a regular contributor to many news services including Reuters, Group W, The CBS Radio Network, Derivatives Week, BARRON’S, FORTUNE, Ticker Magazine, Stock Futures and Options, CNBC, Bloomberg, NPR and others. Mr. Kearney served on various committees at the CBOE, including the Arbitration Committee from 1984 to 1996. Prior to joining the CBOE Mr. Kearney was a marketing director for NCR Corporation. Mr. Kearney is a graduate of St. Mary’s University (MN), BS, 1971, and pursued his MBA at Lake Forest Graduate School of Management. In 2006 he completed a 3-year SII/SIA program at the Wharton School of the University of Pennsylvania. At The Options Institute his duties include helping brokers develop new business with conservative option strategy such as covered- writing and portfolio hedging. He also trains brokerage firms’ compliance department staff.