In The News

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Featured News

2010

March 5th

Wall Street Journal — Betting on Stability, Traders ‘Straddle’ and ‘Strangle’

February 23rd

MoneyMagazine.ws — Review of Online Brokerage OptionsHouse

February 22nd

Benzinga.com — Interview with OptionsHouse CEO George Ruhana

February 17th

Reuters — AMAT Options Suggests Small Gains on Results

“Investors definitely seem to be awaiting somewhat of a pop after earnings tonight,” said Steve Claussen, chief investment strategist at online brokerage OptionsHouse.com in Chicago.

February 1st

Stocks, Futures and Options Magazine — Options at the Crossroads

“A lot of people want to be customers on the most liquid front-month stuff and the at-the-money strikes,” Ruhana says. “But there are strikes across the board on this thing, and we need fair and orderly markets in all of them.”

February 1st

Futures Magazine — CBOE Creates New Order Type

George Ruhana, CEO of OptionsHouse, says “professional” customers caused two problems for CBOE and ISE before this rule went into effect. “First, they get priority at the top of the book, so they get filled before the market makers, when in essence they are making markets in much the same way. Second, these people do not pay fees. …they were free-loading in the CBOE model,” he explains.

January 28th

Wall Street Journal — Steady for Express Scripts, Dollar Tree?

“They seem to be selling front-month premium because the companies don’t announce earnings until after February options expire,” said Steve Claussen, chief investment strategist at OptionsHouse LLC.

January 26th

Reuters — Yahoo Options Show Investors Split on Post-Earnings Direction

“In early afternoon trading, 26,000 trades were made on the underlying stock in the options market, with 16,000 calls and 9,700 puts,” according to Steve Claussen, chief investment strategist at online brokerage OptionsHouse.com in Chicago. “The average daily trade volume is about 45,000, with calls beating puts by a ratio of 2:1.”

January 4th

MarketWatch — “Meet the Covered Strangle” by OptionsHouse Chief Investment Strategist Steve Claussen

“One of the basic option strategies stock investors first trade when they make the plunge into option trading is the covered call…”

2009

December 14th

Barron’s — Social Investing Doesn’t Quite Click

“SO LONG TO FLAT PRICING: OptionsHouse, which has featured flat-fee pricing for stock and options trades, is changing part of its fee structure to reflect changes in the way exchanges operate. George Ruhana, CEO of Options-House, detailed the new fees for us.”

December 10th

The Sun’s Financial Diary — OptionsHouse Introduction:An Interview with CEO George Ruhana

November 13th

Reuters — Traders Pull Back in Dollar Fund After New Shares Issued

“When that supply became available today, the premium disappeared,” said Steve Claussen, chief investment strategist at online brokerage OptionsHouse LLC. “It seemed that some option investors exited their long call positions earlier in the session, giving up on the idea that the dollar would rally in the near term.”

November 12th

Bloomberg — 3Com Options Trades May Have Been More Than Luck

“I don’t believe in that much luck,” said Steve Claussen, chief investment strategist at OptionsHouse LLC, the Chicago- based online brokerage unit of options trading firm PEAK6 Investments LP, and a former market maker at the Chicago Board Options Exchange. “If you’re on the other side of someone buying calls and a takeover is announced, it’s like someone held you up at gunpoint. It’s like you’ve been robbed and you feel violated.”

November 9th

Bloomberg — VIX Falls to Two-Week Low as G-20 Says Stimulus Will Continue

“As soon as the market shows any signs of stability, people are willing to sell options,” said Steve Claussen, chief investment strategist at OptionsHouse LLC, the Chicago-based online brokerage unit of options trading firm PEAK6 Investments LP. “There’s a high probability that we could touch 20 in the next two weeks.”

November 5th

Wall Street Journal — Dollar ETF Lures Traders

“This could be a relatively cheap way to hedge against strength in the dollar, potentially for someone who’s long hard assets, like metals, miners, energy or industrials,” said Steve Claussen, chief investment strategist with OptionsHouse.

October 30th

Wall Street Journal — Volatility Yardstick for Stocks Reverses its Surges

“In particular, an institutional investor appeared to buy call options in the $13-$14 range as far out as January”, according to Steve Claussen, chief investment strategist at OptionsHouse.

October 22nd

Wall Street Journal — Freeport Earnings Unleash Plays in Other Miners

“One trader sold June $30 Vale calls”, Mr. (Steve) Claussen, chief investment strategist at OptionsHouse said. “At a premium of $2.39, that would mean the seller thinks the stock won’t rise above $32.39 before the middle of next year. Vale’s American depositary receipts rose 48 cents, or 1.8%, to $26.93, on the NYSE.”

October 15th

Wall Street Journal — After Intel, Traders Rally Behind IBM

“You can make the assumption that people are expecting a good number” when IBM reports earnings, said Steve Claussen, chief investment strategist of OptionsHouse LLC.

September 12th

Wall Street Journal — ‘Fear Gauge’ is Showing Far Less of it

In fact, some strategists said the VIX could go lower. “Even though the VIX is coming in a great deal, there could still be some room to go,” said Stephen Claussen, chief investment strategist of OptionsHouse LLC.