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Your First Move For Friday August 7th

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

Tim Seymour says, “if you’re concerned about oil prices, Petrobras down in Brazil is probably in a lot of trouble.”

Guy Adami suggests taking profits in Gap after the stock traded up to $18.10.

Joe Terranova recommends longIMAX after hearing from CEO Richard Gelfond. (Click here to check out our interview with the IMAX chief)

Pete Najarian thinks PPL Group is a buy for its dividend yield.

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WHO LOST THE MOST MONEY TODAY?


For Thursday August 6th the Fast Money desk thinks the person who lost the most money is… former AIG CEO Hank Greenberg.

Greenberg doled out a whopping $15 million to settle fraud charges with the SEC.

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TRADING AFTER DARK: PROTECTING PROFITS

Options traders Jared Levy of Peak 6 suggest looking at the SLV , the ETF that tracks the price of silver. He likes this trade as a hedge, explaining it should go higher if the market slides and the dollar gets weaker.

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 Aug 6th, 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 (AGU), (C), (GS), (INTC), (MSFT), (NUE), (BTU); Najarian Owns (AA) Call Spread: Najarian Owns (BUCY) And Is Short (BUCY) Calls; Najarian Owns (CSCO) And Is Short (CSCO) Calls; Najarian Owns (HIG) Calls; Najarian Owns (INTC) And Is Short (INTC) Calls; Najarian Owns (JPM) And Is Short (JPM) Calls; Najarian Owns (MS) And Is Short (MS) Calls; Najarian Owns (MSFT) And Is Short (MSFT) Calls; Najarian Owns (YHOO) Call Spread; Terranova Owns (MSFT), (RIMM), (MCD), (AMZN); Terranova Is Short (F), (WYNN); Seygem Asset Management Is Short (PBR); Seymour Owns (AAPL), (AA), (BAC), (C), (TM)

GE Is The Parent Company Of CNBC; NBC Universal Is The Parent Company Of CNBC

For Joe Terranova
Terranova Is Co-Portfolio Manager Of The Virtus Diversifier PHOLIO
Virtus Diversifier PHOLIO Owns (IGE)
Virtus Diversifier PHOLIO Owns (DBC)
Virtus Diversifier PHOLIO Owns (DBV)
Terranova Works For (VRTS)
Terranova Is Chief Market Strategist Of Virtus Investment Partners, Ltd.
Virtus Investment Partners Owns More Than 1% Of (ABD)
Virtus Investment Partners Owns More Than 1% Of (CAL)
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 (DBC)
Virtus Investment Partners Owns More Than 1% Of (DBV)
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 (CLB)

For Jared Levy
Peak6 Investments Owns And Has An Options Position In (SLV)
Peak6 Investments Owns And Has An Options Position In (GLD)

Symbol
Price
 
Change
%Change
GPS
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IMX
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PETR'
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PPL
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SLV
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