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TRADE TO GO: REFINERS...
Refiners are priced for armegeddon, explains Joe Terranova. I’d look at companies in the space "for the unwinding of the bearish sentiment that has depressed the entire sector." Personally, I like Frontier Oil[FTO
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]. They have a great balance sheet.
CALL THE CLOSE
Joe Terranova,Virtus Investment Partners Chief Market Strategist: I think the market goes higher overall but I’d reduce my position in high beta-names.
Mike Khouw, Cantor Fitzgerald Director of U.S. Equity Derivatives Trading: As an options trader, I’m not looking for direction, but names with cheaper options.
Katie Stockton, MKM Partners Chief Market Technician: I'm a seller. I think a lot of stocks are bumped up against important resistance levels
Jon Najarian, Optionmonster.com Co-Founder: I'm a buyer.
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