With the gold making its sharpest decline in over 3 months on Tuesday, how can you profit and protect in this potentially volatile trade?
Scott Nations of Nationshares suggests looking at a 120-130 put spread in the GLD.
Learn more about this trade. Watch the video now!
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Trader disclosure: On Oct.19, 2010, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders; Grasso owns (ASTM), (BA), (BAC), (C), (CSCO), (JPM), (LPX), (MO), (MOT), (NDAQ), (PFE), (PRST); Cortes is short oil; Cortes is short gold; Cortes is short the Euro; Cortes is short (RSX); Cortes owns the S&P 500;Finerman owns (AAPL); Finerman & Finerman’s firm own (BAC); Finerman & Finerman’s firm own (JPM); Finerman’s firm owns (IBM); Finerman’s firm owns (SKS); 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; Pete Najarian owns (AAPL) call spread; Pete Najarian owns (BAC); Pete Najarian owns (CRUS); Pete Najarian owns (MS); Pete Najarian owns (YHOO); Pete Najarian owns (DO); Pete Najarian owns (DD); Pete Najarian owns (CNI); Pete Najarian owns (NOV); Pete Najarian owns (TEVA); Pete Najarian owns (NFLX) call spread; Pete Najarian owns (BMC) call spreads; Pete Najarian owns (AKAM) call spreads; Pete Najarian owns (RDN) call spreads; Pete Najarian owns (STX) call spreads; Pete Najarian owns (TSO) call spreads; Pete Najarian owns (LNC) call spreads
For Steve Grasso:
Stuart Frankel & Co and it’s partners own (COG)
Stuart Frankel & Co and it’s partners own (CUBA)
Stuart Frankel & Co and it’s partners own (GERN)
Stuart Frankel & Co and it’s partners own (HPQ)
Stuart Frankel & Co and it’s partners own (HSPO)
Stuart Frankel & Co and it’s partners own (MERC)
Stuart Frankel & Co and it’s partners own (NWS.A)
Stuart Frankel & Co and it’s partners own (NYX)
Stuart Frankel & Co and it’s partners own (OPEN)
Stuart Frankel & Co and it’s partners own (PDE)
Stuart Frankel & Co and it’s partners own (PFE)
Stuart Frankel & Co and it’s partners own (PRST)
Stuart Frankel & Co and it’s partners own (RDC)
Stuart Frankel & Co and it’s partners own (TLM)
Stuart Frankel & Co and it’s partners own (XRX)
Stuart Frankel & Co and it’s partners own (SDS)
Stuart Frankel & Co and it’s partners are short (QQQQ)
For Brian Kelly
Accounts managed by Kanundrum Capital own (GLD)
Accounts managed by Kanundrum Capital own (GDXJ)
Accounts managed by Kanundrum Capital own (TIP)
Accounts managed by Kanundrum Capital own (SLV)
Accounts managed by Kanundrum Capital own (REE)
Accounts managed by Kanundrum Capital own (MCP)
Accounts managed by Kanundrum Capital own (JEF)
Accounts managed by Kanundrum Capital own (UUP)
Accounts managed by Kanundrum Capital own (PCL)
Accounts managed by Kanundrum Capital own (LPX)
Accounts managed by Kanundrum Capital own the Swiss Franc
Accounts managed by Kanundrum Capital are short the UK Pound
Accounts managed by Kanundrum Capital are short the Mexican Peso
For Rich Ilczyszyn
***No Disclosures***
For Anthony Scaramucci
Scaramucci and SkyBridge Capital own (DPS)
For Scott Nations
***No Disclosures***
For Paul Miller
***No Disclosures***
For Jordan Rohan
Stifel, Nicolaus & Company, Inc. or an affiliate is acting as exclusive financial advisor to Rivals.com in its pending sale to (YHOO)
Stifel, Nicolaus & Company, Inc. makes a market in (YHOO)
Stifel, Nicolaus & Company, Inc. expects to receive or intends to seek compensation for investment banking services from (YHOO) in the next 3 months.
CNBC.com with wires.
