Trading Insights
Options Wisdom from Legendary Traders Jon & Pete Najarian and Wealthion
“Believe it or not folks trade on the information they get from committees all the time.” Learn how we use their trades, and more.
Today, Market Rebellion Co-Founders Jon and Pete Najarian joined forces with Wealthion to talk about trading, unusual options activity, the Fed, and the current state of the market.
“Believe it or not folks, politicians trade on the information they get from committees all the time.”
Jon Najarian
As seasoned traders and pioneers of unusual options activity, Jon and Pete explained throughout the conversation why we at Market Rebellion put so much emphasis on following, “the smart money.” At one point, as Jon and Pete described a recent unusual options activity trade that took place directly before major news was released that sent the stock in question sky high, Wealthion’s host asked,
“This suggests to me insider trading. This suggests to me somebody knew something and thought they were being clever by buying options. Are you saying, “we think this is insider trading?”
Jon responded, and he didn’t hold anything back,
“There are a lot of folks out there who follow whatever the politicians do. There are entire services that are basically formed so that you can trade what Nancy Pelosi is trading. And it’s not just Democrats or just Republicans that do this, it can be anybody that holds office in the United States. Believe it or not folks, those people trade on the information they get from committees all the time.”
But their conversation expands far beyond just unusual options activity, into their life as former pro football players, the state of the stock market, and much more.
Watch their entire conversation for free here.
And to get unusual options activity insights like the ones Jon and Pete talk about in this video, including professionally-crafted trade ideas with specific entries, exits, and option contracts, try UOA Essential below.