GO
Loading...

Options Action: Morgan Stanley

Worried that the banks are going to report really disappointing results this earnings season?

So is Scott Nations of NationShares!

Symbol
Price
 
Change
%Change
MS
---

Ahead of the broadcast he tells us that trading volume in equities would have to be a blow out in September for banks to just match the 3rd quarter of 2009.

As a result, "I want protection against the banks reporting really disappointing results with the most troubling name being Morgan Stanley," he says.

(Morgan has been making a series of lower lows and lower highs – a bearish pattern. Take a look)

What’s the trade?

Nations suggests buying a put spread for protection. Specifically, he likes the Jan. 2011 22/25 put spread.

Learn more about this trade. Watch the video now!




______________________________________________________
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 Web site, send those e-mails to fastmoney@cnbc.com.

Trader disclosure: On September 7th, 2010, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders; Seymour owns (AAPL), (BAC), (INTC), (MON), (POT); Adami owns (AGU), (BTU), (NUE), (C), (GS), (INTC), (MSFT); Adami’s wife works at Merck; Cortes owns (SFD), (BMO), (TD), (FCX), (BHP); Cortes owns the British Pound; Finerman and Finerman’s firm owns (BAC); Finerman owns (GOOG); Finerman’s firm owns (HPQ); Finerman’s firm owns (IBM); Finerman and Finerman’s firm owns (JPM); Finerman owns (ORCL); Finerman owns (POT) options; Finerman's firm is short (IJR); Finerman's firm is short (MDY); Finerman's firm is short (SPY); Finerman's firm is short (IWM); Finerman’s firm owns S&P 500 puts; Finerman’s firm owns Russell 2000 puts

For Anthony Scaramucci
Scaramucci & SkyBridge Capital own (AAPL)
Scaramucci & SkyBridge Capital own (AMZN)
Scaramucci & SkyBridge Capital own (C)
Scaramucci & SkyBridge Capital own S&P 500
Scaramucci & SkyBridge Capital own Gold

For Heather Bellini
ISI does and seeks to do business with (ORCL) and has received non-investment banking compensation in the past 12 months

For Dennis Gartman
Funds managed by Gartman own Gold

For Ed Mills
***No Disclosures***

For Scott Nations
***No Disclosures***

CNBC.com with wires.

Symbol
Price
 
Change
%Change
MS
---

Featured

Contact Fast Money

  • Showtimes

    Halftime Report - Weekdays 12p ET
    Fast Money - Weekdays 5p ET

Halftime Report