The Chicago School of Trading

by DanKeegan Originally Published in Futures Magazine Question: How can traders take advantage of leveraged ETFs without a huge capital commitment? Answer: Cut out the middleman and do as the indexers do, trade options on the ETFs. Inverse and ultra exchange traded funds (ETFs) can be handy arrows to be...

If you have ever been to our website before, you might notice a few changes. We have also been working on our first TV commercial. I was mentioning all this to some people at an event recently when I was asked by someone unfamiliar with our program “Whaddya selling?” That’s...

Part of it is probably the up and down nature of the market this year. Investors don't seem to be trusting this year's rallies. Fear has not been stamped out.....

Former UCLA Basketball Coach John Wooden passed away last Friday. There are many of you who are not old enough to remember a time when the NCAA Tournament was the UCLA Invitational. Between 1964 and 1975, UCLA won ten of twelve NCAA Tournaments. If freshmen could have played in 1966...

On May 6th, 2010 the stock market took its wildest twelve minute ride in history. SPY(SPDR S&P 500 ETF, Public, NYSE:SPY) opened at 116.26 rising as high as 117.00 before finishing the day at 112.94. Oh, I almost forgot to mention that SPY traded as low as 105.00 before rallying...

Week of May 10, 2010 Since 1929 the market has been haunted by memories of “Black Tuesday”. Now a new generation of traders and investors will be haunted by “Fat-Finger Thursday”, the unprecedented 600+ point melt down and subsequent melt-back-up that all happened in a matter of minutes. It was...

Week of May 3, 2010 Last week it was reported that internal investigation revealed that several SEC employees spent most of their days watching internet porn. One senior attorney at the SEC spent an average of eight hours a day watching porn! That's dedication. We would like to take this opportunity to apologize to the SEC.

Week of April 26, 2010 Several times last year, this column criticized the SEC for sitting on their hands while the evidence in the Bernie Madoff Ponzi scheme was staring them right in the face. Well last week it was reported that internal investigation revealed that several SEC employees spent...

Week of April 19, 2010 Unless you were in a cave since Friday, you must have heard about the big news about Goldman Sach’s problems with the SEC involving their sale of collateralized debt options (CDO) allegedly designed by one customer to fail and then sold by Goldman to other...

Week of April 12, 2010 If it’s Monday, CST’s Options Director Dan Keegan must have another Pharmaceutical play. It could be because his Father was a doctor, or maybe it’s because the pharmaceutical sector is where all the volatility is, but Dan has been finding volatility with the VIX at...