Pete Najarian, a prominent figure in the financial industry, gained widespread recognition for his role as a market analyst and commentator on CNBC. With his expertise in options trading and a charismatic on-screen presence, Najarian became a familiar face to millions of viewers who relied on his insights and recommendations. However, recent developments have raised questions among his followers, prompting curiosity about his current status on the network.
In this article, we will explore the circumstances surrounding Pete Najarian’s presence on CNBC. Is Pete Najarian still on CNBC? Where is Pete Najarian today? And about the Najarian brothers on CNBC.
Is Pete Najarian Still on CNBC?
Yes, He is still on CNBC. In addition to being a member of the Fast Money Five, Pete is also a contributor to CNBC’s “Halftime Report.” In 2017, Pete Najarian had a net worth estimated at $25 million in his capacity as co-founder of OptionMONSTER and TradeMONSTER. The company OptionMONSTER offers trading strategies, market intelligence, and commentary. The company he co-founded in 2008 with his brother, Jon Najarian, was TradeMONSTER. Rather than requiring clients to download software, it sends information via the web.
His best-known contribution is his appearance on Fast Money, a show on CNBC that he does with Jon and Guy Adami to provide investment advice. A leading trader according to the magazine Trader Monthly, he is also known as the “Pit Boss.” He joined Mercury Trading, a Chicago Board Options Exchange (CBOE) market-making firm, in 1992 to become an options trader. The firm was listed on the New York Stock Exchange (NYSE) two years later after he was responsible for risk and arbitrage.
During his tenure as president of Mercury Trading from 2000 to 2004, Mr. Najarian oversaw the sale of the company to Citadell LLC. In addition to leading that joint venture, he acted as the company’s liaison with M.J. Meehan, the company’s third-largest provider of specialist services.
Najarian Brothers on CNBC
Jon Najarian, a trader for Mercury Trading on the Chicago Board Options Exchange trader, encouraged Najarian to become an options trader in 1992.
As a result of his brother’s influence, Najarian was attracted to options trading, believing its competitive nature would match that he had developed on the playing field. As an options trader, Najarian, who later became a market maker and a specialist, quickly found a new home.
In the world of options trading and brokerage, Pete Najarian has played a significant role since those days. In addition to being a founding member of One Chicago, he has also contributed to several electronic exchanges aimed at facilitating futures trading on stocks, indexes, and ETFs. In addition to being a co-founder of Hedgehog, Najarian is also one of the CEOs of the company.
Moreover, Pete Najarian has recently become part of CNBC’s Fast Money crew, where he provides insightful commentary regarding the day’s market action, particularly regarding options trading.
Pete Najarian, a well-known financial expert and contributor to CNBC, has continued to be a prominent figure in the financial industry. Trader Monthly magazine ranked Pete Najarian as one of the 100 top traders. In 2005, he co-founded optionMONSTER and tradeMONSTER, two leading online brokerage firms, along with his brother Jon “DRJ” Najarian. General Atlantic Partners acquired both firms in 2014, which it sold to E*Trade in September 2016 for 750 million dollars.