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 Stan comes to us from the Floor of the American Stock Exchange where he traded options for his own account from 1994-2001. He was a Market Maker for the options on several popular equities including Dupont, Schering Plough, Walgreen's, CBS, U.S. Surgical and Biovail.
His knowledge of the rules and regulations of the Exchange, combined with his reputation for honesty, integrity, and fairness enabled him to be appointed as a Floor Official where he served on several Exchange Committees, including the Minor Violations Committee. He says it wasn't always easy settling disputes between traders when thousands of dollars were at stake.
Prior to starting his professional trading career, Stan was a pension actuary for 20 years. After graduating from the State University of New York at Stony Brook as a double major in pure and applied mathematics, Stan became one of the youngest members of the prestigious Society of Actuaries. In 1993 he was a Principal of a pension consulting firm where he ran the small plan department. When his company was sold, Stan used the proceeds to obtain a seat on the Exchange and set up a trading company. He never looked back and the rest is history.
After leaving the Floor, Stan became the risk manager for LaBranche Structured Products, Inc. a subsidiary of one of the largest specialist firms on the NYSE. Preferring to trade himself, rather than monitor the trades of others, he left LaBranche to trade options full time in his NJ office.
When he is not trading or thinking about trading, Stan relieves his stress by playing competitive squash, competing in local road rallies with his Ferrari Cabriolet and tutoring local high school students for the SAT's. He lives with his wife, teenage son and pre-teen daughter who keep him forever young.
The bottom line is that Stan, a long time MENSA member, is an engaging teacher with an extraordinary background in options trading and risk management. He is helpful and patient by nature and equally at ease with all levels of traders, from complete novices to advanced pros and academics. He'll be happy to teach you to trade!
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