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Victor Sperandeo: Top Trader

Victor Sperandeo started his career on Wall Street straight out of high school, first as a quote boy and then switching to a slightly higher paying job as a statistical clerk for Standard & Poor’s. After another non-trading job in a Wall Street accounting department, Sperandeo talked his way into an option trading position. In the midst of the 1969 bear market, Sperandeo switched jobs twice until he launched his own firm, Ragnar Options, in 1971. (Within 6 months Ragnar was the largest OTC option dealer in the world.) Ragnar was eventually merged with another Wall Street firm. Sperandeo stayed on for a while but then joined Interstate Securities in 1978. This ideal arrangement finally came to an end in 1986 when Interstate went public and dissolved its trading group. Sperandeo traded his personal account for a little over a year before deciding to start his own money management firm.

Victor Sperandeo was originally profiled in The New Market Wizards.

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