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Fast Money HomeFast Money Rapid RecapAbout Fast MoneyFast Money BiosFast Money Web ExtraFast Money Disclaimer
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Jan.17
6:17 PM ET
Thursday, 17 Jan 2008
Can You Profit From The Craze?

What’s the best way to trade surging volatility in this unfriendly market?

Take a look at online brokers Charles Schwab [SCHW  Loading...      ()   ], TD Ameritrade [AMTD  Loading...      ()   ] and Knight Capital [NITE  Loading...      ()   ], Pete Najarian said. These names are performing well but being sold anyway since anything retailed to financial services seems to be getting thrown out. As long as a market decline doesn’t last more than a few months, Pete thinks these three names remain tradable.

Guy Adami doesn't think “fallen angel” Goldman Sachs [GS  Loading...      ()   ] should be sold off in the same way that traders are selling Merrill Lynch [MER  Loading...      ()   ], Bear Stearns [BSC  Loading...      ()   ] and Morgan Stanley [MS  Loading...      ()   ]. Don’t expect those kinds of write-downs from Goldman, he said.


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Trader disclosure: On Jan 17, 2008, 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), (INTC); Pete Najarian Owns (BIIB), (C), (CSCO), (EBAY), (ETFC), (MS), (MSFT); Pete Najarian Owns (LEH) Puts; Pete Najarian Owns (AAPL) Calls, (AIG) Puts, (WM) Calls, (YHOO) Calls; Finerman Owns (GS); Finerman's Firm Owns (PLCE); Finerman's Firm Owns (MSFT) Options; Finerman's Firm Owns Russell 2000 Puts And Is Short (IWM); Finerman's Firm Owns S&P 500 Puts And Is Short (SPY); Finerman's Firm Is Short (IYR), (IJR); Finerman's Firm Is Short (MDY) Puts And Is Short (MDY); Finerman's Firm Is Short (LEH) And Owns (LEH) Puts; Finerman's Firm Is Short (HET) And Owns (HET) Puts
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