Options Action: Green Mountain Coffee Roasters

Considering shares of Green Mountain Coffee Roasters are up nearly 50% over the past 3 months, how should you play this stock?

If you’re already long and remain bullish Mike Khouw of Cantor Fitzgerald suggests protecting gains with the following options trade:

Buy the Jan 35 puts pay 3.70
Sell the Jan 30 puts @ 1.90
Sell the Jan 40 calls @ 1.90

Learn more about this trade. Watch the video now!

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Trader disclosure: On Sept. 13th, 2010, 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), (BTU), (NUE), (C), (GS), (INTC), (MSFT); Adami’s wife works at Merck; Seymour owns (AAPL), (BAC), (INTC); Edwards owns (PM); Finerman’s firm owns (BAC); Finerman’s firm owns (GLW); Finerman’s firm owns (HPQ); Finerman’s firm owns (JPM); Finerman’s firm owns (PLCE); Finerman’s firm owns (DTG); Jon Najarian owns (AAPL) call spreads; Jon Najarian owns (ARST) calls; Jon Najarian owns (CSCO) call spreads; Jon Najarian owns (RHT) call spreads

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Cantor Fitzgerald makes a market in (GMCR)

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