With Tuesday’s disappointing Best Buy earnings setting a more cautious tone for the consumer into the holidays – how should you position?
Scott Nations of NationShares says this is a good time to buy a put spread in the SPY .
Get all the details. Watch the video now!
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Trader disclosure: On December 14th, 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), (C), (GS), (INTC), (MSFT), (NUE), (BTU); Adami's wife works at (MRK); Terranova Owns (UPL), (C), (PEP), (OXY), (GS), (NKE), (VRTS); Terranova Owns (GLD) puts; Weiss Owns (DVN), (COP), (HK), (QCOM), (VZ), (MEE), (SWC), (AKS), (NIHD), (TBT), (UUP), (JWN), (VRML), (NIHD); Weiss Owns (NFLX) puts
For Brian Kelly
Accounts Managed by Kanundrum Capital Own (AAPL)
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 (MCP)
Accounts Managed by Kanundrum Capital Own (TBT)
Accounts Managed by Kanundrum Capital Own USD
Accounts Managed by Kanundrum Capital Own (JJG)
Accounts Managed by Kanundrum Capital Own (GDXJ)
Accounts Managed by Kanundrum Capital Are Short Euros
Accounts Managed By Kanundrum Capital Own (WMT)
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 Mark Mahaney
Citi Employees Own (GOOG)
Citigroup Global Markets Or Affiliates Owns 1% Or More Of (AKAM), (NFLX), (YHOO)
Citigroup Global Markets Or Affiliates Has Managed Or Co-Managed Offering Of (PCLN) In Past 12 Months
Citigroup Global Markets Or Affiliate Received Investment Banking Compensation From (PCLN) For Services Provided In Past 12 Months
Citigroup Global Markets Or Affiliate Received Non-Investment Banking Compensation From (MWW), (AMZN), (GOOG), (EXPE), (YHOO) In Past 12 Months
(PCLN) Is Or In Past 12 Months Was A Client Of Citigroup Global Markets
(MWW), (GOOG), (AMZN), (EXPE), (YHOO) Are Or In Past 12 Months Were Non-Investment Banking Clients Of Citigroup Global Markets (Securitites-Related Services)
(MWW), (GOOG), (AMZN), (EXPE), (YHOO) Are Or In Past 12 Months Were Non-Investment Banking Clients Of Citigroup Global Markets (Non-Securities-Related Services)
Citigroup Global Markets Is A Market Maker In (MWW), (AKAM), (OPEN), (GOOG), (PCLN), (AMZN), (EXPE), (YHOO)
Citigroup Global Markets Has A Significant Financial Interest In Relation To (GOOG), (AMZN), (EXPE), (YHOO)
Citigroup Global Markets Or Affiliates Owns 5% Or More Of (YHOO)
For Scott Nations
Nations owns (SPY)
For Sarah James
Wedbush Securities Is A Market Maker In (HUM), (CNC), (MOH)
Wedbush Securities Is A Market Maker In (HUM), (CNC), (MOH)
Seymour owns (PBR), (AAPL), (F)
For Barry Ritholtz
FusionIQ's Average Holding Period During Current Environment Has Been 4-8 Months
FusionIQ Owns (C), (SU), (ACI) for Clients
For Daniel Ives SOT
FBR Capital Markets Is A Market Maker Or Liquidity Provider For (RVBD)
For Taped Piece/SOTS
Funds Managed By Dennis Gartman Owned Gold On 6/28/10
Schiff Owned Gold On 2/19/10
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