Judgment Week For Brokers
Expect a bonanza of broker earnings this month with Goldman (GS) reporting Tuesday, Morgan Stanley (MS) on Wednesday and Bear Stearns (BSC) on Thursday. How should you trade it?
Karen Finerman reminds the traders that she remains long Goldman short Lehman (LEH) going into earnings. She’s nervous but isn't changing her position.
Avoid Bear like the plague, says Guy Adami.
The options market is suggesting a 7% move in the Goldman stock says Pete Najarian. Which way?
> Read more: "Know Your Options"
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Trader disclosure: On Dec. 17, 2007, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders; Macke Owns (YHOO), (DIS); Najarian Owns (BIIB); Najarian Owns (GOOG) Options, (TGT) Options,(YHOO) Options; Finerman's Firm And Finerman Own (FLS), (GS); Finerman's Firm Owns (TSO), (VLO), (WMT), (YHOO), (AEO), (DVA); Finerman's Firm Is Short (SPY), (IWM), (IYR), (IJR), (MDY), (MBI), (SUN); Finerman's Firm Is Short (LEH) And Owns (LEH) Puts; Finerman's Firm Owns S&P 500 Puts; Finerman's Firm Owns Russell 2000 Puts; Finerman's Firm Owns (MSFT) Calls