Jared Levy, equities strategist for Zacks Investment Research and author of Your Options Handbook. Jared shares his favorite options strategies for these three popular stocks. Jared also explains how new investors can trade options for free using this special service.
Interviewed by Frank Curzio / S & A Radio
Interviewed by Frank Curzio / S & A Radio
Jared Levy has spent his entire career immersed in the finance and derivative industries, over 16 years now. Jared began his career as a retail stockbroker, managing money for high net worth clients and offered a unique approach, which included many alternative strategies such as derivatives and unique real estate investments from development to tax liens to financing and management. After creating his own stock and options-trading indicator and strategy, Jared assumed his next role as a pit trader. As one of the youngest-ever members of the Philadelphia Stock Exchange (PHLX), Levy became an independent market maker, trading the largest volume issue on that exchange, Dell (DELL) in the 90’s. In the late 90’s he became a member of the American Stock Exchange (AMEX), trading Cisco Systems (CSCO) option contracts. Before the age of 25, Jared had been recruited by Equitec Proprietary Group to be one of the original market makers trading Nasdaq-100 Trust options (“Qubes”). At Equitec, he successfully traded thousands of options contracts and shares daily, equating to millions of dollars in risk. Jared was also a member of the CSX.
In 2001, Jared returned to the PHLX to launch a new on-floor operation for his firm, serving as an options specialist for companies including Krispy Kreme Doughnuts (KKD), Expedia.com (EXPE), Baxter Technologies, and Broadband and Semiconductor HOLDRS products, among others. After leaving the floor, Levy traded distressed assets and consulted for Thomson Financial before relocating to Dallas to join Wizetrade and WTV as Chief Options Strategist and on-air options expert. He was known for his 3+ hours of daily, live, and unscripted market commentary and education. Jared dedicated his time with Wizetrade to educating people worldwide about the mechanics of the market, risk management, options trading, and the equity and derivative markets in general.
Since 2004, Jared has been live on air as an anchor/expert fielding questions and educating viewers from around the world, unscripted and raw on several different networks. Jared has been featured in dozens of industry publications and won an Emmy for his daily video, “Trader Cast.” He is a CNBC Fast Money contributor as of March 2009 and has appeared on Bloomberg, Fox Business, CNN Radio, Wall Street Journal Radio and many other financial and non-financial networks around the world. He is regularly quoted by Reuters, The Wall Street Journal and Yahoo Finance, amongst others.
In 2008, Jared joined PEAK6 Investments as the Senior Derivatives Specialist, focusing on the options news network, where he hosted and was the resident expert on several shows. In addition, Jared wrote a daily column called the practical options trader, a daily piece dedicated to education and strategy. He was one of three traders who managed ONN options alerts service and IGP trades. During 2010, Jared worked as the senior derivative strategist for OptionsHouse.com (a subsidiary of PEAK6).
For several years, Jared published a daily financial e-letter called “Smart Investing Daily”, along with Sara Nunnally.
Jared actively invests in real estate around the US and has held his real estate and insurance licenses in Pennsylvania as well as his Series 7 and 63. His passion is teaching the public how too successfully and consistently trade and invest for a living, while keeping risk and portfolio volatility low and returns high through complex option strategies and a wide variety of diverse instruments.
Jared is a managing partner at Belpointe Capital LLC and is co-manager of the AlphaT fund. He is the Senior Editor and Analyst for Option Strategies Weekly, an option trading and research service offered by ISG and is a Senior Equities Strategist for Zacks Investment Research where he manages the “Whisper Trader” earnings service.
Jared’s first book entitled ‘Your Options Handbook’ was released in April 2011 by Wiley Publishing. The book is a practical road map and detailed strategy guide to understanding and trading the equity and options markets in grainy detail, with a robust strategy guide and contributions from Denise Shull, Mark Douglas and fund manager Dean Somes. His second book, ‘The Bloomberg Visual Guide to Options’ was published in 2012, also by Wiley Publishing.