Tom Sosnoff

At 67 years old, Tom Sosnoff physical status not available right now. We will update Tom Sosnoff's height, weight, eye color, hair color, build, and measurements.

Starting in the early 1980s, Sosnoff, through the Sosnoff Sheridan Group, was a lead market maker at the Chicago Board Options Exchange. By 1999, Sosnoff believed that option trading would largely move online and that individual investors would become interested in trading options if they had the software tools to do so. This led to his co-founding of Thinkorswim in 1999. In 2009, Thinkorswim was sold to TD Ameritrade for approximately $606 million and Sosnoff personally received $84 million. In 2011, Sosnoff announced that $20 million in venture capital had been raised to support his idea for a financial network called tastytrade. His aim in founding tastytrade was to create a financial news show focusing on options, which mixes content with comedy somewhat like the "Daily Show". In 2014, a Silicon Valley venture fund, Technology Crossover Ventures, invested $25 million into Dough Inc., also founded by Sosnoff, which includes tastytrade. In 2014, Sosnoff was co-winner of the EY Entrepreneur of the Year Midwest Award.

Sosnoff advocates options trading as a viable long-term financial strategy for individual investors. He argues against financial experts who claim that options trading is too risky for individual investors. According to Sosnoff, the use of various options strategies in a portfolio can reduce the risk of owning stocks, and options trading is a portfolio management strategy that is well-suited for the individual investor. He devotes considerable time on his financial network, tastytrade, and in seminars demonstrating the mechanics and strategies of options trading.

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