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Options Action: Salesforce.com

When Salesforce.com posts third-quarter earnings Nov. 18, options trader Mike Khouw expects the stock to make a big move and said some of it is baked into the December options.

December options also incorporate periods where little will happen, however, like the week of Thanksgiving. So Khouw wants to put on a calendar spread.

**MIKE'S CRM TRADE**
Buy Jan. 115 puts at $9.15
Sell Nov. 115 puts at $4.25

Learn more about this trade by watching the video.

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Trader disclosure: On November 10, 2010, the day this video was recorded, following stocks and commodities mentioned or intended to be mentioned on CNBC’s "Fast Money" were owned by the "Fast Money" traders; Tim Seymour owns (AAPL), (BAC) and (F). Guy Adami owns (AGU), (BTU), (NUE), (C), (GS), (INTC) and (MSFT). Karen Finerman owns (GOOG). Stephen Weiss owns (FWLT). Zachary Karabell owns (IBM), (VALE) and (AAPL).

GUY ADAMI
Adami’s wife works at Merck

KAREN FINERMAN
Finerman’s firm owns (AAPL)
Finerman and Finerman’s Firm owns (BAC)
Finerman and Finerman’s Firm owns (JPM)
Finerman’s firm owns (PLCE)
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

BRIAN KELLY
Accounts managed by Kanundrum Capital own (TLT)
Accounts managed by Kanundrum Capital own (TIP)
Accounts managed by Kanundrum Capital own (JEF)
Accounts managed by Kanundrum Capital own (TD)
Accounts managed by Kanundrum Capital own (GLD)
Accounts managed by Kanundrum Capital own (GDXJ)
Accounts managed by Kanundrum Capital own (SLV)
Accounts managed by Kanundrum Capital own (CLF)
Accounts managed by Kanundrum Capital own (ANDE)
Accounts managed by Kanundrum Capital own (GPRE)
Accounts managed by Kanundrum Capital own (JJG)
Tim Seymour owns (AAPL), (BAC) and (F). Guy Adami owns (AGU), (BTU), (NUE), (C), (GS), (INTC) and (MSFT). Karen Finerman owns (GOOG). Stephen Weiss owns (FWLT). Zachary Karabell owns (IBM), (VALE) and (AAPL).

GUY ADAMI
Adami’s wife works at Merck

KAREN FINERMAN
Finerman’s firm owns (AAPL)
Finerman and Finerman’s Firm owns (BAC)
Finerman and Finerman’s Firm owns (JPM)
Finerman’s firm owns (PLCE)
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

BRIAN KELLY
Accounts managed by Kanundrum Capital own (TLT)
Accounts managed by Kanundrum Capital own (TIP)
Accounts managed by Kanundrum Capital own (JEF)
Accounts managed by Kanundrum Capital own (TD)
Accounts managed by Kanundrum Capital own (GLD)
Accounts managed by Kanundrum Capital own (GDXJ)
Accounts managed by Kanundrum Capital own (SLV)
Accounts managed by Kanundrum Capital own (CLF)
Accounts managed by Kanundrum Capital own (ANDE)
Accounts managed by Kanundrum Capital own (GPRE)
Accounts managed by Kanundrum Capital own (JJG)
Accounts managed by Kanundrum Capital own (HD)
Accounts managed by Kanundrum Capital own (PCL)
Accounts managed by Kanundrum Capital own (XHB)
Accounts managed by Kanundrum Capital own (FCX)
Accounts managed by Kanundrum Capital own (JO)
Accounts managed by Kanundrum Capital own (EWH)
Accounts managed by Kanundrum Capital own (MCP)
Accounts managed by Kanundrum Capital own (MOT)
Accounts managed by Kanundrum Capital own (RIMM)
Accounts managed by Kanundrum Capital own (C)
Accounts managed by Kanundrum Capital own (SWC)
Accounts managed by Kanundrum Capital own Euros
Accounts Managed By Kanundrum Capital own (POT) Calls
Accounts managed by Kanundrum Capital are short Japanese Yen

MIKE KHOUW
Cantor Fitzgerald makes a market is (AAPL)
Cantor Fitzgerald makes a market is (AMSC)
Cantor Fitzgerald makes a market is (AMZN)
Cantor Fitzgerald makes a market is (AONE)
Cantor Fitzgerald makes a market is (BA)
Cantor Fitzgerald makes a market is (BAC)
Cantor Fitzgerald makes a market is (C)
Cantor Fitzgerald makes a market is (CSCO)
Cantor Fitzgerald makes a market is (F)
Cantor Fitzgerald makes a market is (FCX)
Cantor Fitzgerald makes a market is (GOOG)
Cantor Fitzgerald makes a market is (GS)
Cantor Fitzgerald makes a market is (IMAX)
Cantor Fitzgerald makes a market is (JEF)
Cantor Fitzgerald makes a market is (JPM)
Cantor Fitzgerald makes a market is (KBH)
Cantor Fitzgerald makes a market is (LAZ)
Cantor Fitzgerald makes a market is (LGF)
Cantor Fitzgerald makes a market is (LVS)
Cantor Fitzgerald makes a market is (MS)
Cantor Fitzgerald makes a market is (NEM)
Cantor Fitzgerald makes a market is (NFLX)
Cantor Fitzgerald makes a market is (ORCL)
Cantor Fitzgerald makes a market is (PLCE)
Cantor Fitzgerald makes a market is (SLV)
Cantor Fitzgerald makes a market is (TSLA)

ROGER NESHEM
***No Disclosures***

DAVID BANK
RBC Capital Markets is currently providing (DIS), (DISCA) with non-securities services, and has within the last 12 months.
RBC Capital Markets has provided (TWX) with non-investment banking securities-related services in the past 12 months.nundrum Capital own Euros
Accounts Managed By Kanundrum Capital own (POT) Calls
Accounts managed by Kanundrum Capital are short Japanese Yen

MIKE KHOUW
Cantor Fitzgerald makes a market is (AAPL)
Cantor Fitzgerald makes a market is (AMSC)
Cantor Fitzgerald makes a market is (AMZN)
Cantor Fitzgerald makes a market is (AONE)
Cantor Fitzgerald makes a market is (BA)
Cantor Fitzgerald makes a market is (BAC)
Cantor Fitzgerald makes a market is (C)
Cantor Fitzgerald makes a market is (CSCO)
Cantor Fitzgerald makes a market is (F)
Cantor Fitzgerald makes a market is (FCX)
Cantor Fitzgerald makes a market is (GOOG)
Cantor Fitzgerald makes a market is (GS)
Cantor Fitzgerald makes a market is (IMAX)
Cantor Fitzgerald makes a market is (JEF)
Cantor Fitzgerald makes a market is (JPM)
Cantor Fitzgerald makes a market is (KBH)
Cantor Fitzgerald makes a market is (LAZ)
Cantor Fitzgerald makes a market is (LGF)
Cantor Fitzgerald makes a market is (LVS)
Cantor Fitzgerald makes a market is (MS)
Cantor Fitzgerald makes a market is (NEM)
Cantor Fitzgerald makes a market is (NFLX)
Cantor Fitzgerald makes a market is (ORCL)
Cantor Fitzgerald makes a market is (PLCE)
Cantor Fitzgerald makes a market is (SLV)
Cantor Fitzgerald makes a market is (TSLA)

ROGER NESHEM
***No Disclosures***

DAVID BANK
RBC Capital Markets is currently providing (DIS), (DISCA) with non-securities services, and has within the last 12 months.
RBC Capital Markets has provided (TWX) with non-investment banking securities-related services in the past 12 months.

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