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Fast Money DisclaimerFast Money BiosAbout Fast MoneyRapid RecapFast Money Home
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Jun.17
12:36 PM ET
Wednesday, 17 Jun 2009
Fast Trades Into Wednesday's Close

How are the Fast Money traders gaming this market into the close? Following are the “Fast & Furious” trades - hot ways to play today's market moving events.

BUY RIM? Research In Motion [RIMM  Loading...      ()   ] reports earnings Thursday; should you buy ahead of the release?

I do think you buy ahead of this release, counsels Patty Edwards of Storehouse Partners.

(RIMM)
Loading...       (%)

BUY OIL? With oil [US@CL.1  Loading...      ()   ] trading lower after the latest round of inventories, should you buy the dip?

I’m a seller into the close, counsels Jared Levy of Peak 6.

(US@CL.1)
Loading...       (%)

BUY GOLD? Gold [US@GC.1  Loading...      ()   ] traded lower on Wednesday; is this an opportunity?

I think it will pullback further, counsels John Kosar of Asbury Research.

(US@GC.1)
Loading...       (%)

DEFLATION OR INFLATION?  Consumer prices showed a drop of 1.3% year over year, the biggest decline since 1950. Should investors focus on inflation or deflation?

I think deflation is still the problem, muses Guy Adami.

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TRADE TO GO – CHIPS

I think Intel [INTC  Loading...      ()   ] makes sense for a lot of reasons, counsels Guy Adami. It’s a buy around $15.80 and sell it around $16.50.

(INTC)
Loading...       (%)


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Trader disclosure: On June 17th, 2009, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders; Adami Owns (C), (GS), (BTU), (AGU), (INTC), (MSFT), NUE); Najarian Owns (V), (CSCO); Najarian Owns (C) Preferred; Najarian Is Short (POT) Puts; Najarian Is Short (WFC); Seymour Owns (AAPL), (BAC), (BX), (EEM), (FXI), (F), (IYT); Terranova Owns (SDS), (XBI), (TER), (BTU), (ABT), MSFT); Terranova Is Short (XOM) Call Spread; Terranova Is Short (GENZ) Call Spread; Terranova Is Short (OIH)& (OIH) Puts; Terranova Is Short (RIG)& (RIG) Puts; Terranova Is Short (FCX)& (FCX) Puts; Terranova Is Short (RIMM)& (RIMM) Puts; Terranova Is Short (GENZ)& (GENZ) Puts; Terranova Is Short (IBM) Calls; Terranova OWns (BRCM) & Is Short (BRCM) Calls; Terranova Owns (POT)& Short (POT) Calls; Terranova Is Short (JPM)& Is Short (JPM) Calls; Terranova Owns (MS) & Short (MS) Calls; Teranova Owns (X) & Is SHort (X) Calls; Terranova OWns July Nat Gas Futures; Terranova Owns (DIS) Octovber Call Spread

© 2009 CNBC.com

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