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Your First Move For Monday July 20th

Friday, 17 Jul 2009 | 6:05 PM ET

Here’s our Fast Money Final Trade. Our gang gives you Monday’s best trades, right now.

Joe Terranova recommends long coal names as a play on rising nat gas prices.

Jared Levy suggests playing AIG with the Feb 23 puts. "They've got a lot of debt and I have no idea how they're going to service it," he says.

Karen Finerman prerfers longAnadarko Petroleum for exposure to nat gas and oil.

Pete Najarian suggests long Nokia on the pullback as well as long Suncor for exposure to Canada's oil sands.

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TRADE AFTER DARK: YAHOO!

Jim Iuorio has noticed unusual options action in Yahoo!; with a large volume of August 15 calls trading.

How’s he playing it?

Although the call buying could be interpreted as bullish, I’m a seller of Yahoo!, says Iuorio. The company is heavily dependent on advertising and I don’t see that weakness reversing anytime soon.

Also, shares are trading at their highest levels since 2008, he explains.

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WHO MADE THE MOST MONEY THIS WEEK?

For the week ending Friday July 17th the Fast Money traders thinks the Harvard endowment made the most money.


Trade Profit

iShares Emerging Mkts ETF (EEM) $22.4 Mln.
iShares China ETF (FXI) $ 9.3 Mln.
Total $31.7 Mln.

Fast Money Final Trade
The Fast Money guys share their final trades of the day.

Click here to see other Final Trade posts.

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Got something to say? Send us an e-mail at fastmoney-web@cnbc.com and your comment might be posted on the Rapid Recap! Prefer to keep it between us? You can still send questions and comments to fastmoney@cnbc.com.

Trader disclosure: On July 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: Najarian Owns (BTU) Call Spread; Najarian Owns (F) Calls; Najarian Owns (INTC) Call Spread; Najarian Owns (JPM) And Is Short (JPM) Calls; Najarian Owns (MCD) And Is Short (MCD) Calls; Najarian Owns (MS) Call Spread; Najarian Owns (MSFT) And Is Short (MSFT) Calls; Najarian Owns (SU) Calls; Najarian Owns (XLF) Call Spread; Najarian Owns (YHOO) Call Spread; Finerman's Firm Owns (MSFT), (NOK), (WMT), (APC); Finerman's Firm And Finerman Own (WFC) Preferred Shares, Finerman's Firm Is Short (WFC); Finerman's Firm And Finerman Own (BAC) Preferred Shares; Finerman's Firm Is Short (IJR), (IYR), (IWM), (MDY), (SPY), (USO); Finerman's Firm And Finerman Own (RIG); Terranova Owns (TER), (RIMM), (SUN), (MSFT), (FTO); Terranova Works For (VRTS); Terranova Is Chief Alternatives Strategist Of Virtus Investment Partners, Ltd.; Terranova Is Co-Portfolio Manager Of The Virtus Diversifier PHOLIO; Virtus Diversifier PHOLIO Owns (IGE), (DBC), (DBV)

For Joe Terranova:
Virtus Investment Partners Owns More Than 1% Of (ABD)
Virtus Investment Partners Owns More Than 1% Of (CBL)
Virtus Investment Partners Owns More Than 1% Of (CAL)
Virtus Investment Partners Owns More Than 1% Of (CLB)
Virtus Investment Partners Owns More Than 1% Of (DLR)
Virtus Investment Partners Owns More Than 1% Of (EXR)
Virtus Investment Partners Owns More Than 1% Of (IGE)
Virtus Investment Partners Owns More Than 1% Of (MEE)
Virtus Investment Partners Owns More Than 1% Of (DBC)
Virtus Investment Partners Owns More Than 1% Of (DBV)
Virtus Investment Partners Owns More Than 1% Of (DBA)
Virtus Investment Partners Owns More Than 1% Of St Mary Land & Exploration Co
Virtus Investment Partners Owns More Than 1% Of Seagate Tax Refund Rights
Virtus Investment Partners Owns More Than 1% Of (SKT)
Virtus Investment Partners Owns More Than 1% Of (TNB)
Virtus Investment Partners Owns More Than 1% Of (UA)
Virtus Investment Partners Owns More Than 1% Of (WBMD)

For Jared Levy:
Peak6 Investments Is Short And Has An Options Position In (AGU)
Peak6 Investments Is Short And Has An Options Position In (AMZN)
Peak6 Investments Is Short And Has An Options Position In (BBT)
Peak6 Investments Is Short And Has An Options Position In (BTU)
Peak6 Investments Is Short And Has An Options Position In (EBAY)
Peak6 Investments Is Short And Has An Options Position In (FCX)
Peak6 Investments Is Short And Has An Options Position In (GE)
Peak6 Investments Is Short And Has An Options Position In (GS)
Peak6 Investments Is Short And Has An Options Position In (HAS)
Peak6 Investments Is Short And Has An Options Position In (IGT)
Peak6 Investments Is Short And Has An Options Position In (JPM)
Peak6 Investments Is Short And Has An Options Position In (KO)
Peak6 Investments Is Short And Has An Options Position In (MAT)
Peak6 Investments Is Short And Has An Options Position In (MCD)
Peak6 Investments Is Short And Has An Options Position In (MO)
Peak6 Investments Is Short And Has An Options Position In (NOK)
Peak6 Investments Is Short And Has An Options Position In (PENN)
Peak6 Investments Is Short And Has An Options Position In (PLCE)
Peak6 Investments Is Short And Has An Options Position In (PM)
Peak6 Investments Is Short And Has An Options Position In (POT)
Peak6 Investments Is Short And Has An Options Position In (SBUX)
Peak6 Investments Is Short And Has An Options Position In (SHFL)
Peak6 Investments Is Short And Has An Options Position In (SU)
Peak6 Investments Is Short And Has An Options Position In (UPS)
Peak6 Investments Is Short And Has An Options Position In (WMT)
Peak6 Investments Is Short And Has An Options Position In (XLF)
Peak6 Investments Owns And Has An Options Position In (AXP)
Peak6 Investments Owns And Has An Options Position In (BA)
Peak6 Investments Owns And Has An Options Position In (BAC)
Peak6 Investments Owns And Has An Options Position In (C)
Peak6 Investments Owns And Has An Options Position In (CAT)
Peak6 Investments Owns And Has An Options Position In (CIT)
Peak6 Investments Owns And Has An Options Position In (COF)
Peak6 Investments Owns And Has An Options Position In (F)
Peak6 Investments Owns And Has An Options Position In (GLD)
Peak6 Investments Owns And Has An Options Position In (GOOG)
Peak6 Investments Owns And Has An Options Position In (IBM)
Peak6 Investments Owns And Has An Options Position In (INTC)
Peak6 Investments Owns And Has An Options Position In (JNJ)
Peak6 Investments Owns And Has An Options Position In (LM)
Peak6 Investments Owns And Has An Options Position In (MMM)
Peak6 Investments Owns And Has An Options Position In (MRK)
Peak6 Investments Owns And Has An Options Position In (MS)
Peak6 Investments Owns And Has An Options Position In (MSFT)
Peak6 Investments Owns And Has An Options Position In (PFE)
Peak6 Investments Owns And Has An Options Position In (SJM)
Peak6 Investments Owns And Has An Options Position In (TXN)
Peak6 Investments Owns And Has An Options Position In (USB)
Peak6 Investments Owns And Has An Options Position In (USO)
Peak6 Investments Owns And Has An Options Position In (UNG)
Peak6 Investments Owns And Has An Options Position In (YHOO)

  Price   Change %Change
AFF
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APC
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NOK
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SU
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YHOO
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AAPL
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  • 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

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