Tom Sosnoff Biography

Tom Sosnoff is an American entrepreneur, options trader, co-founder of Thinkorswim and tastytrade, and founder of Dough, Inc. He was born on March 6, 1957, in New York, New York, United States.

Sosnoff was Senior Vice President of Trading and Strategic Initiatives at TD Ameritrade. He promotes option trading as an important financial strategy for individual investors. Sosnoff has promoted this view by founding an online financial network, tastytrade, and by developing software products to support individual investor options trading.

10 Quick Facts About Tom Sosnoff

Here is a list of 10 facts about Sosnoff

---

• Name: Tom Sosnoff
• Age: 68 Years Old
• Birthday: 6 March
• Zodiac Sign: Pisces
• Height: 5 feet 6 inches (1.68 m)
• Nationality: American
• Occupation: Entrepreneur
• Marital Status: Married
• Salary: To be updated.
• Net worth: $150 million

---

Tom Sosnoff Age

Sosnoff is 68 years old, he was born on March 6, 1957, in New York, New York, United States. He celebrates his birthday on 6 March every year, and his birth sign is Pisces.

Tom Sosnoff Height

Tom Sosnoff stands at a height of 5 feet 6 inches (1.68 m).

Tom Sosnoff Weight

Sosnoff has a weight of 80 kgs (176 lbs).

Early Life and Education

Sosnoff was born on March 6, 1957, in New York, New York, United States. He is a native New Yorker and earned his first job as a caddie at the age of 13. In 1979, Sosnoff obtained a BA degree in political science from the University at Albany, SUNY, and began working directly for Drexel Burnham Lambert.

Rise to Fame and Breakthrough Moment

Sosnoff is the co-founder of Thinkorswim and tastytrade, and inventor of Dough, Inc. He was senior vice president of trading and strategic initiatives at TD Ameritrade.

Major Achievements and Contributions

Sosnoff made his fortune through co-founding Thinkorswim, Tastytrade, and Tastyworks, as well as through strategic investments in other companies and real estate.

Personal Life

Tom Sosnoff Family, Parents

Gulen was born in the United States. Tom’s father was a professor as well as an attorney at Yale. His mother was an artist and had an art school for girls. However, our efforts to find out more about his family came to no avail, as no such information is publicly available. Thus, the identity of Gulen’s parents is still unclear. We will update this section once this information is available.

Tom Sosnoff Siblings

It is not known if Tom has any siblings. We will update this section once this information is available.

Tom Sosnoff Wife

Sosnoff is married to his wife, whose name is unknown. Sosnoff has two children, a daughter and a son. His daughter’s name is Case Sosnoff, and there is no detail about his son yet. His daughter works as the Chief Compliance Officer at her father’s firm, TastyWorks. Tom likes to keep his personal life private; hence, information about his wife is under research.

Tom Sosnoff Children

Sosnoff is a father of two children, a daughter, Case Sosnoff, and a son. His daughter works as the Chief Compliance Officer at her father’s firm, TastyWorks. There is no detail about his son yet.

Tom Sosnoff Net Worth

Tom Sosnoff’s net worth is estimated at 150 million dollars. This includes his assets, money, and income. His primary source of income is his career as an Entrepreneur. Through his various sources of income, Sosnoff has been able to accumulate a good fortune but prefers to lead a modest lifestyle.

Facts: Everything You Need to Know About Tom Sosnoff

Here are some interesting facts you should know about Sosnoff.

Tom Sosnoff Bio.

• Full Names: Tom Sosnoff
• Popular As: Entrepreneur, options trader, co-founder of Thinkorswim and Tastytrade, and founder of Dough, Inc.
• Gender: Male
• Occupation / Profession: Entrepreneur
• Nationality:  American
• Race / Ethnicity: White
• Religion: Not known
• Sexual Orientation: Straight

Birthday

• Age / How Old?: 68 Years Old
• Zodiac Sign: Pisces
• Date of Birth:  March 6, 1957
• Place of Birth: New York City, New York the USA
• Birthday: 6th March, every year.

Body Measurements

• Height / How Tall?: 5 feet 6 inches (1.68 m) tall.
• Weight: 80 kgs (176 lbs).
• Eye Color: Not available
• Hair Color: Not available

Family and Relationship

• Father (Dad): Not known
• Mother: Not Known
• Siblings: Not Known
• Marital Status: Single
• Wife/Spouse: Not Known
• Dating / Boyfriend: Not known
• Children: a daughter, Case Sosnoff, and a son

Net Worth and Salary

• Net Worth: $150 million
• Salary: Not Available
• Source of Income: Entrepreneur, Options Trader, co-founder of Thinkorswim and tastytrade.

Tom Sosnoff Book

How I Learned to Trade Like Tom Sosnoff and Tony Battista.

Sosnoff Thinkorswim And Tastytrade

In the early 1980s, through the Sosnoff Sheridan Group, Tom was a lead market maker at the Chicago Board Options Exchange. He believed that options trading would largely move online and that individual investors would become interested in trading options by 1999 if they had the software tools to do so. This led to his co-founding of Thinkorswim in 1999.

Thinkorswim was sold to TD Ameritrade for approximately $606 million in 2009, and Tom received $84 million.   He announced in 2011 that $20 million in venture capital had been raised to support his idea for a financial network called tastytrade. His reason for founding tastytrade was to create a financial news show focusing on options, which mixes content with comedy somewhat like the “Daily Show“.

A Silicon Valley venture fund, Technology Crossover Ventures, in 2014, invested $25 million into Dough Inc., also founded by Tom, which includes tastytrade. Tom was the co-winner of the EY Entrepreneur of the Year Midwest Award in 2014.

Options

Tom recommends options trading as a viable long-term financial strategy for individual investors. He claims that the use of call options and put options can reduce the risk of owning stocks, and options trading is a portfolio management strategy that is well-suited for the individual investor

As per him, the two main keys to successful options trading are the market liquidity of options and understanding volatility and, specifically, implied volatility and implied volatility rank.  Options trading can be successful in liquid underlying when volatility is properly assessed, and options strategies appropriate to an individual investor’s risk and financial resources are used.

Tom contends that, while liquidity, implied volatility, and implied volatility rank are crucial to successful options trading, there are other key elements. It is important to trade small, by which he means that individual investors should invest only a small percentage of their portfolio in any given stock, options, or futures position (e.g., selling only one or a few options contracts). By investing in many small positions, losses can be minimized, as long as positions are uncorrelated.

While liquidity, understanding volatility, trading small in uncorrelated positions, market awareness, and delta-neutral portfolios are essential for successful trading, according to Sosnoff, trading mechanics are also essential. Trading mechanics are heuristics that an option trader learns when applying options strategies.

According to Tom, the introduction of electronic trading platforms created new investment opportunities for individual investors; however, the software tools required to take full advantage of online trading are lacking. He sees the continued development of options trading software as critical for individual investor success.

For individual investors to be successful, they need graphical user interfaces that instantly bring together relevant information so that investors can use the best strategies and mechanics for options trading. To this end, Sosnoff has devoted considerable effort to the development of software platforms for individual options investors.

Contacts

• Instagram
• Twitter
• Youtube
• Website
• TikTok