Jon Najarian has been trading options since the early 80s when he first entered the Chicago pits. I’ve always had an appreciation for the way Jon looks at the behavior of market participants through the options market, particularly the largest institutional players. By monitoring the volume size of these trades, he pays close attention to what the biggest participants are doing, often times trading alongside the “smart money”. I think his perspective on this specific area of the market adds a ton of value to our conversations about Technical Analysis. In this episode, we discuss the new higher volatility regime in U.S. Stocks, what to expect moving forward and a few areas in the market where Jon is seeing unusual options activity. Since we’re lucky enough to have “Dr J” on the podcast, we had to ask him about the Chicago Bears, what the trading life in the city of Chicago was like, how things have changed through Technology and even a few words on Bitcoin and Crypto Currencies. I really enjoyed this conversation with someone whose work I have really admired for a long time.