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Fast Trades Into Monday's Close

Monday, 6 Jul 2009 | 1:34 PM ET

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.

How are the Fast Money traders gaming this market into the close?

TRADE TO GO: IYR

I’m seeing very strong put activity in this ETF, explains OptionMonster Jon Naiarjan, which I think means big investors are anticipating a sizable move lower. It was at $22 back in March and has exploded up to $35 recently. But now I’d be a buyer of puts or I’d sell the IYR short -- for the next 15 days.

CALL THE CLOSE

Mike Khouw of Cantor Fitzgerald: I’m a buyer of COP but not consumer names

Steve Cortes of Veracruz: I’d buy the dollar and sell stocks on rallies

Katie Stockton of MKM Partners: I’m a seller.

OptionMonster Jon Najarian: I’m a buyer of Dell.



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  Price   Change %Change
COP
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4331
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IYR
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UUP
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