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Fast Money HomeFast Money Rapid RecapAbout Fast MoneyFast Money BiosFast Money Web ExtraFast Money Disclaimer
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Mar.14
6:20 PM ET

Bear Stearns as well as Lehman, Goldman and other banks are opening up the books next week. What’s the trade ahead of broker earnings?


Bear Stearns
[BSC  Loading...      ()   ]

I’ve never seen a stock beaten-up like Bear, says Jon Najarian. There's put activity which suggests there’s at least some chance Bear could be selling at $5 or lower by next Thursday. If Bear survives the week, and I believe they will, the options also suggest Bear will be bought.

Goldman Sachs  [GS  Loading...      ()   ]

This bank is probably the best on the Street, says Pete Najarian. I think they could crush numbers. I like this stock under $160.

I think Bear under so much stress is a benefit to GS, adds Karen Finerman.

Lehman [LEH  Loading...      ()   ]

Options action in Lehman is similar to action in Bear a few days ago, explains Pete Najarian.

Merrill Lynch [MER  Loading...      ()   ]

Merrill is 85% correlated to Bear over the last 3 months, explains Jon Najarian. And I’m seeing unusual put activity.

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Trader disclosure: On Mar.14,, 2008, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders: Finerman Owns (GS); Finerman's Firm Owns (AAPL), (FNM), (MSFT), (NMX), (NYX), (SKS), (TSO), (VLO), (WMT), (YHOO); Finerman's Firm Is Short (IYR), (SPY), (IWM), (IJR), (MDY), (COF); Finerman's Firm Is Short (LEH) And Owns (LEH) Puts; Pete Najarian Owns (AAPL), (AMR), (C), (MS), (MSFT), (NOK), (YHOO); Pete Najarian Owns (COP) Calls, (DNA) Calls; Pete Najarian Owns (FNM) Puts, (LEH) Puts, (USB) Puts; Finerman's Firm Is Long (CCU) Call Spreads: Jon Najarian Is Short (LEH), (MER)

© 2008 CNBC.com

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