Pete Najarian is an NFL linebacker turned successful options trader and today he joins Money Rehab to break down exactly what's happening in the markets right now, where the big opportunities are hiding, and how to read the signals that the pros don't talk about on TV.
Then Pete walks Nicole through a complete options crash course: calls vs. puts, covered calls, naked positions, spreads, and how Warren Buffett secretly uses options to build his biggest positions. He even pulls up Nicole's actual options account live and breaks down what he sees.
Then the conversation gets deeper. Pete opens up about losing his dream home, whether he’d run for governor of Minnesota, and the surprisingly simple investing philosophy that's driven all of his success.
Check out Nicole’s financial literacy course The Money School
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Watch video clips from the pod on Money Rehab’s Instagram and Nicole Lapin’s Instagram
Follow Pete and learn more at Market Rebellion
Here's what Nicole covers with Pete:
00:00 Are You Ready for Some Money Rehab?
01:33 Nicole and Pete's History on the Chicago Trading Floor
03:13 Wolf of Wall Street Era
07:20 Where Pete Is Bullish Right Now
09:30 How to Read Unusual Options Activity (UOA)
11:17 Options 101: Calls, Puts, and Plain English Explanations
12:46 How to Use Options as Portfolio Insurance
16:17 How Warren Buffett Actually Uses Options
18:18 Creating Your Own Dividend Stream with Covered Calls
22:17 Pete Reviews Nicole's Options Account
23:40 Insider Trading and Options
26:12 Are Options Just Gambling?
34:18 Pete's Rules for Protecting Yourself
42:48 Secure the Bag
49:00 Pete on Politics and the Future of Investing in Sports
52:23 Pete Najarian's Tip You Can Take Straight to the Bank
All investing involves risk, including loss of principal. Options trading involves additional risks and is not suitable for all investors. This episode is for informational purposes only and does not constitute financial, investment, or legal advice. Always consult a licensed professional before making financial decisions.