Typically they’re things like Treasuries, corporate bonds, municipal bonds and the like although there are more complex fixed income investments, as well. Our sponsor Charles Schwab is just one of the many brokers that provide the mechanism for these kinds of trades.
So, what’s Finerman's trade?
Ahead of the broadcast Karen Finerman told our producers that her favorite play in the entire fixed income space is shorting Treasures for the short-term with the ProShares UltraShort Lehman 20+ Yr ETF .
That’s an ETF that lets you bet against T-bills by getting long. “I think that the flight to quality hasn’t completely reversed," she explained.
Also she said there are great opportunities in corproate bonds and you can play that with the iShares IBoxx $ Invst Grade ETF .
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Trader disclosure: On Feb. 19th, 2008, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders; Seymour Owns (AAPL), (BAC), (EEM), (FXI), (PBR), (TM); Seymour's Firm Owns (VIP); Terranova Owns (KCE), (XBI), (AMGN), (FXC), (DIS); Terranova Owns (AMGN) Puts; Terranova Owns (IBM) & (IBM) Call Spread; Finerman's Firm Owns (RIG), (MSFT), (NKE), (FL); Finerman's Firm Owns (DNA) & (DNA) Call Spreads; Finerman's Firm Is Short (IYR), (IJR), (IWM), (MDY), (SPY), (USO), (BBT), (VNO); Najarian Owns (CELG); Najarian Owns (EEM) Call Spread, (GDX) Call Spread, (GLD) Call Spread, (MOS) Call Spread, (STI) Call Spread; Najarian Owns (AMAT) Put Spread, (CHK) Put Spread; Najarian Owns (FCX) & (FCX) Calls; Najarian Owns (GS) Calls; Najarian Owns (GE) Puts; Najarian Owns (HPQ) Spread; Najarian Owns (MSFT) & (MSFT) Short Calls; Najarian Owns (MS) & (MS) Short Calls; Najarian Owns (WFC) & (WFC) Calls
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