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Options Action: China

Better than expected China data fueled the Shanghai ; with the index posting the best gain in about 2 months.

So why does Mike Khouw of Cantor Fitzgerald suggest going short the Shanghai with options.

Watch the video and find out now!


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Trader disclosure: On December 13, 2010, 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); Adami's wife works at (MRK); Terranova Owns (UPL), (C), (PEP), (OXY), (GS), (NKE), (VRTS); 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 is long S&P puts; Finerman's firm is long Russell 2000 puts; Finerman Owns (AAPL); Finerman's firm owns (ARO); Finerman Owns (BAC); Finerman's firm owns (BBY); Finerman owns (GOOG); Finerman owns (JPM); Finerman's firm owns (JPM) and (JPM) leaps; Finerman's firm owns (THC) calls; Finerman's firm owns (GLNG); Finerman owns (GLNG); Finerman owns (GOLE); Finerman's firm owns (GOLE); Finerman's Firm Owns (OCR); Finerman's Firm Owns (GLW); Finerman owns (CVS); Finerman's firm owns (CVS); Weiss Owns (FNSR), (FRO), (FAS), (INFN), (OCLR), (SWC), (QCOM), (MXIM), (VZ), (DVN), (HK), (COP)

For Brian Kelly
Accounts Managed By Kanundrum Capital Own (AAPL)
Accounts Managed By Kanundrum Capital Own (ANDE)
Accounts Managed By Kanundrum Capital Own (DE)
Accounts Managed By Kanundrum Capital Own (FCX)
Accounts Managed By Kanundrum Capital Own (GLD)
Accounts Managed By Kanundrum Capital Own (TBT)
Accounts Managed By Kanundrum Capital Own (JJG)
Accounts Managed By Kanundrum Capital Own (BG)
Accounts Managed By Kanundrum Capital Own (DRYS)
Accounts Managed By Kanundrum Capital Own (MCP)
Accounts Managed By Kanundrum Capital Own (FXY) puts

For Joe Terranova
Terranova is Chief Market Strategist of Virtus Investment Partners, LTD
Virtus Investment Partners Owns More Than 1% Of (ABAX)
Virtus Investment Partners Owns More Than 1% Of (ALK)
Virtus Investment Partners Owns More Than 1% Of (AMKR)
Virtus Investment Partners Owns More Than 1% Of (CCG)
Virtus Investment Partners Owns More Than 1% Of (CASS)
Virtus Investment Partners Owns More Than 1% Of (CSVI)
Virtus Investment Partners Owns More Than 1% Of (EPR)
Virtus Investment Partners Owns More Than 1% Of (EXR)
Virtus Investment Partners Owns More Than 1% Of (FCFS)
Virtus Investment Partners Owns More Than 1% Of (IGE)
Virtus Investment Partners Owns More Than 1% Of (KRC)
Virtus Investment Partners Owns More Than 1% Of (LDR)
Virtus Investment Partners Owns More Than 1% Of (LPHI)
Virtus Investment Partners Owns More Than 1% Of (MGRC)
Virtus Investment Partners Owns More Than 1% Of (NRCI)
Virtus Investment Partners Owns More Than 1% Of (DBV)
Virtus Investment Partners Owns More Than 1% Of (XLB)
Virtus Investment Partners Owns More Than 1% Of (XLV)
Virtus Investment Partners Owns More Than 1% Of (XLP)
Virtus Investment Partners Owns More Than 1% Of (XLY)
Virtus Investment Partners Owns More Than 1% Of (XLE)
Virtus Investment Partners Owns More Than 1% Of (XLI)
Virtus Investment Partners Owns More Than 1% Of (XLK)
Virtus Investment Partners Owns More Than 1% Of (XLU)
Virtus Investment Partners Owns More Than 1% Of (SUBK)
Virtus Investment Partners Owns More Than 1% Of (WDFC)
Virtus Investment Partners Owns More Than 1% Of (YDNT)
Virtus Investment Partners Owns More Than 1% Of (CLB)
Virtus Investment Partners Owns More Than 1% Of (DRYS)

For Mike Khouw
Cantor Fitzgerald & Khouw are market makers in (AAPL)
Cantor Fitzgerald & Khouw are market makers in (ANDE)
Cantor Fitzgerald & Khouw are market makers in (ATVI)
Cantor Fitzgerald & Khouw are market makers in (BBT)
Cantor Fitzgerald & Khouw are market makers in (BAC)
Cantor Fitzgerald & Khouw are market makers in (C)
Cantor Fitzgerald & Khouw are market makers in (CML)
Cantor Fitzgerald & Khouw are market makers in (CVLT)
Cantor Fitzgerald & Khouw are market makers in (DELL)
Cantor Fitzgerald & Khouw are market makers in (FNSR)
Cantor Fitzgerald & Khouw are market makers in (F)
Cantor Fitzgerald & Khouw are market makers in (FCX)
Cantor Fitzgerald & Khouw are market makers in (GE)
Cantor Fitzgerald & Khouw are market makers in (GS)
Cantor Fitzgerald & Khouw are market makers in (GLW)
Cantor Fitzgerald & Khouw are market makers in (GOOG)
Cantor Fitzgerald & Khouw are market makers in (INFN)
Cantor Fitzgerald & Khouw are market makers in (JCG)
Cantor Fitzgerald & Khouw are market makers in (JOYG)
Cantor Fitzgerald & Khouw are market makers in (JPM)
Cantor Fitzgerald & Khouw are market makers in (MELI)
Cantor Fitzgerald & Khouw are market makers in (MCP)
Cantor Fitzgerald & Khouw are market makers in (MSFT)
Cantor Fitzgerald & Khouw are market makers in (MS)
Cantor Fitzgerald & Khouw are market makers in (NFLX)
Cantor Fitzgerald & Khouw are market makers in (OCLR)
Cantor Fitzgerald & Khouw are market makers in (ONXX)
Cantor Fitzgerald & Khouw are market makers in (QTM)
Cantor Fitzgerald & Khouw are market makers in (STT)
Cantor Fitzgerald & Khouw are market makers in (SLV)
Cantor Fitzgerald & Khouw are market makers in (T)
Cantor Fitzgerald & Khouw are market makers in (WFC)
Cantor Fitzgerald & Khouw are market makers in (WNR)
Cantor Fitzgerald & Khouw are market makers in (XLF)
Cantor Fitzgerald & Khouw are market makers in (YHOO)
Cantor Fitzgerald & Khouw are market makers in (VZ)

For Doug Kass
Doug Kass has no disclosures.

For David Riedel
David Riedel has no disclosures.

Other relevant disclosures
Karen Finerman (SOT)
Finerman Owned (GYMB) On 10/7/10
Finerman's Firm And Finerman Owned (JCG) On 11/23/10

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