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?


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.


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.

Got something to to say? Send us an e-mail at fastmoney-web@cnbc.com and your comment might be posted on the Rapid Recap. If you'd prefer to make a comment but not have it published on our website send those e-mails to fastmoney@cnbc.com.

  Price   Change %Change


Contact Fast Money

  • Showtimes

    Halftime Report - Weekdays 12p ET
    Fast Money - Weekdays 5p ET
  • Melissa Lee is the host of CNBC's “Fast Money” and “Options Action.”

  • Scott Wapner is host of the "Fast Money Halftime Report," which airs weekdays from 12 p.m. to 1 p.m. ET.

  • Guy Adami is a contributor on CNBC's "Fast Money." He also is managing director of stockMONSTER.com.

  • Najarian, the "Pit Boss," is cofounder of optionMONSTER.com, a news site for options traders.

  • Finerman is president of Metropolitan Capital Advisors, Inc., a company she co-founded.

  • Founder of EmergingMoney.com

  • Chief Market Strategist for Virtus Investment Partners & CNBC Contributor

Halftime Report