Peter Vallone

Obituary of Peter J Vallone

Peter J Vallone, 77, of Brooklyn, NY/Wheaton, IL/Tucson AZ passed away due to the effects of Parkinson’s disease on February 4, 2022, with his devoted wife Patty by his side. Patty assisted Pete during his illness and most recently cared for him in the final stages of disease progression with the help of Kristofer Hovda (Patty’s son), Christine Vallone (Pete’s sister), and Chrissy Vasquenz (Pete’s niece). He leaves a huge hole in the hearts of family and friends who were charmed by his stories, humor, practical jokes and quick wit.

Our lives have many chapters. Pete’s began on April 4, 1944, born to Mariano and Virginia Vallone in Brooklyn, New York. His early years were filled with loving care from parents, aunts, uncles, and cousins. Any occasion was an opportunity for family and friends to gather; share food, stories, laughter, and a love of dancing. Pete and two of his cousins Sal Falletta (Gale) and Joseph Paciocco were inseparable, but all the first counsins helped each other navigate the joys of childhood and the challenges of adolescence. Baseball was a consistent love throughout every chapter of Pete’s life. Peter’s love of baseball started when he was six years old playing stick ball on the streets and concrete playgrounds of Brooklyn. He played on teams his entire life; baseball in his younger years and senior softball as he aged. The highlight of his baseball history was attending the Yankee Fantasy Camp in Florida multiple times where he cherished his time with the Yankee Greats of baseball.

After leaving high school Pete got his first real job as a page boy on the American Stock Exchange. His outstanding character helped him quickly move up the ranks on the trading floor. In his spare time, Pete played baseball, bowled and trained under renowned Ninjutsu master, Ronald Duncan. Pete was a ninja warrior before it became popular. He was dedicated to the discipline and earned his black belt before being drafted into the army in 1965. He served two years in Germany and returned to the trading floor in 1967. He then became a member of the American Stock Exchange and enjoyed a successful trading career until 1973 when his talents in the business were needed to start a brand-new options exchange in Chicago, The Chicago Board Options Exchange (CBOE).

Peter’s 2nd chapter started when he became a member of the CBOE and one of its first Market Makers: standing in the pits, trading stock options and teaching new traders how to trade. He won the hearts of his fellow traders with his honesty, integrity and desire to pass on what was given to him- a chance to succeed in a business that changed his life. He left behind a legacy of grateful young men. Pete will be remembered for his quick wit, storytelling, mischievous pranks, and being an all-around classy guy. Despite the fact that Pete put talcum powder in one co-worker’s shoes, was known for tying shoelaces together and devised an elaborate scenario to make his friend believe he had won the lottery, people could not help be drawn to him.

Peter married Mary Marra in 1974 and they started a family soon after, bringing Debra and Joseph home to Wheaton, IL in 1975. Peter had a zest for all types of sports. He introduced the love of skiing to his kids when they were 5 and it captured the heart and soul of his son, who now makes his living guiding skiers in the mountains of LaGrave, France. He organized CBOE golf outings in Galena, attended by many CBOE members who fondly remember the good times. Peter retired from the exchange in 2001 and he and Mary moved to Tucson, AZ.

Peter was diagnosed with PD in 2003 and everything in his life took on a deeper meaning and living his dreams became a passion. Enter chapter 3. He married Patty Hovda, in 2009 and they shared 13 precious years. Spending time together took on a whole new meaning and making each day count was a priority as well as traveling, spending time with family and friends and enjoying their home in Pinetop. It was Peter’s strength of character and strong will that served as a foundation for the courage and valor displayed during his long illness. He was an inspiration to many and will never be forgotten.

Peter is predeceased by his parents Mariano and Virginia Vallone, and his beloved cousin Joseph Paciocco. He is survived by his 2 wives: Patty Hovda Vallone and Mary Vallone, son: Joseph Vallone, daughter: Debra Vallone, sister: Christine Vallone, niece: Danielle Buckley (Daniel), grandnieces: Samatha, Patrick and Stephanie, niece: Chrissy Vasquenz (Peter), grandniece/nephew: Jessica and Jeremy, stepchildren: Lindsey Giampa and children Isabella and Emmett, Erik Hovda, (Amor) and children Kristin, Althea, and Arryza and Kristofer Hovda. Pete will be remembered by endless first and second cousins, cherished friends, thankful students of trading and practical joke victims.

Donations can be made in memory of Pete to the Parkinson’s Foundation.

A Celebration of Life will take place on April 10, 2022 between 2:00-4:00pm at Saddlebrooke Softball Field, located in Saddlebrooke.

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