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Workshop: Unusual Options from Activedaytrader

Archive : Workshop: Unusual Options from Activedaytrader

Jonathan Rose

Owner – Active Day Trader

In 1998, Jonathan Rose began his career on the floor of the Chicago Mercantile Exchange. As a pioneer of computer based trading, Jonathan was a key player in providing liquidity to the young Globex market. After 5 years trading Nasdaq Futures he was recruited to join a technology focused Fixed Income trading firm.

From 2003 to 2010, Jonathan was one of four Senior Partners at a proprietary trading firm in Chicago. He joined the firm as the 6th employee and ascended to the position of Director of Futures Trading where he was responsible for all proprietary trading operations. Jonathan built and directly managed a large group of traders (15+) and was responsible for overseeing the performance of the trading floor (60+ traders). Jonathan trained in excess of 30 traders in all aspects of Fixed Income trading.

From 2010- 2013, Jonathan had been an Equity Options Market Maker on the CBOE. He developed and managed his own portfolio, actively trading 100 plus stocks concurrently.

In 2014, Jonathan joined a private Family Office (Hedge Fund) in the suburbs of Chicago. Jonathan has worked with the firm’s investment team designing and implementing a pair trading investment strategy that focuses on Closed End Funds. He also promotes and supports other strategies within the firm, with a focus on business development. Jonathan graduated in 1997, from University of Miami, FL with a B.S. He is a 2015 Level 2 CFA Candidate.

Jonathan completed the Madison Ironman in 2011, as well as 4 Marathons in the last 4 years. He spends his free time with his beautiful wife, two boys and his guitar.

What is forex?

Quite simply, it’s the global market that allows one to trade two currencies against each other.

If you think one currency will be stronger versus the other, and you end up correct, then you can make a profit.

If you’ve ever traveled to another country, you usually had to find a currency exchange booth at the airport, and then exchange the money you have in your wallet into the currency of the country you are visiting.

Foreign Exchange
You go up to the counter and notice a screen displaying different exchange rates for different currencies.

An exchange rate is the relative price of two currencies from two different countries.

You find “Japanese yen” and think to yourself, “WOW! My one dollar is worth 100 yen?! And I have ten dollars! I’m going to be rich!!!”
When you do this, you’ve essentially participated in the forex market!

You’ve exchanged one currency for another.

Or in forex trading terms, assuming you’re an American visiting Japan, you’ve sold dollars and bought yen.

Currency Exchange

Before you fly back home, you stop by the currency exchange booth to exchange the yen that you miraculously have left over (Tokyo is expensive!) and notice the exchange rates have changed.

It’s these changes in the exchange rates that allow you to make money in the foreign exchange market.

Salepage : Workshop: Unusual Options from Activedaytrader

About Author

Activedaytrader

Let’s get this out of the way: There are no get-rich-quick schemes here.If that’s what you’re looking for, I won’t even waste your time. Trading isn’t for getting rich quick.

Your ultimate goal with trading should be to grow and manage your money, over time. And, trading is a very real profession that takes time to master. I should know! I’ve been doing this for well over 20 years.

Like many professions, it can take years of training and experience to truly master the skills needed for success. By sticking with me, I’ll help you skip over common mistakes, mishaps, and we’ll avoid misinformation so that you can trade confidently in just 6-12 months.