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Wynn at All Cost

January 30, 2018


Options guru and veteran floor trader, Frank Fahey, kicks off the show discussing the Wynn scandal before previewing tonight’s State of the Union address. Joel Elconin of Benzinga discusses this morning’s announcement that Amazon, Berkshire and JP Morgan plan to partner on an independent healthcare project. Wayne Madsen of Wayne Madsen Report returns to the show to talk year one of the Trump Presidency. Finally, John Neal of PTI Securities & Futures discusses the monopoly that exists in the healthcare industry. 

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Guests & Co-Hosts

Frank Fahey

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 every Monday morning on Stocks & Jocks and read his blog on the Stocks & Jocks website!

Joel Elconin

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.

Wayne Madsen

Wayne Madsen is a Washington, DC-based investigative journalist, author and columnist. He has written for The Village Voice, The Progressive, Counterpunch, Online Journal, CorpWatch, Multinational Monitor, News Insider, In These Times, and The American Conservative. His columns have appeared in The Miami Herald, Houston Chronicle, Philadelphia Inquirer, Columbus Dispatch, Sacramento Bee, and Atlanta Journal-Constitution, among others.

Madsen has been a regular contributor on RT and PressTV. He has been a frequent political and national security commentator on Fox News and has also appeared on ABC, NBC, CBS, PBS, CNN, BBC, Al Jazeera, and MS-NBC. Madsen has taken on Bill O’Reilly and Sean Hannity on their television shows.  He has been invited to testify as a witness before the US House of Representatives, the UN Criminal Tribunal for Rwanda, and a terrorism investigation judicial inquiry of the French government.

Madsen has some thirty-five years experience in security issues. As a U.S. Naval Officer, he managed one of the first computer security programs for the U.S. Navy. He subsequently worked for the National Security Agency, the Naval Data Automation Command, Department of State, RCA Corporation, and Computer Sciences Corporation. Madsen was a Senior Fellow for the Electronic Privacy Information Center (EPIC), a privacy public advocacy organization.

Mr. Madsen is a member of the National Press Club.

John Neal

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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