With crude oil marching higher and higher nearly every day, how should you game crude now?
Along with the geo-political issues, Scott Nations of NationShares thinks crude’s strength has a whole lot to do with dollar weakness. And as a result he suggests the following options trade.
Get all the details. Watch the video now!
______________________________________________________
Got something to to say? Send us an e-mail at fastmoney-web@cnbc.com and your comment might be posted on the Rapid Recap. If you'd prefer to make a comment, but not have it published on our Web site, send those e-mails to fastmoney@cnbc.com.
Trader disclosure: On April 8, 2011, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s "Fast Money" were owned by the "Fast Money" traders; Terranova owns (C); Terranova owns (JPM); Terranova owns (VRTS); Terranova owns (UPL); Terranova owns (PBR); Terranova owns (TCK); Terranova owns (BAX); Terranova owns (XOM); Terranova owns (AKAM); Terranova owns (CNQ); Terranova is short (POT); Terranova owns (NFLX); Terranova owns (CAT); Terranova owns (F); Terranova owns (VLO); Finerman and Finerman's firm own (AAPL); Finerman owns (C); Finerman and Finerman's firm own (CVS); Finerman and Finerman's firm own (HPQ); Finerman's firm owns (JPM), is long (JPM) leaps; Finerman owns (JPM); Finerman and Finerman's firm own (MSFT); Finerman's firm is short (IWM); Finerman's firm is short (MDY; Finerman's firm is short (SPY); Finerman's firm is long S&P puts; Finerman's firm is long Russell 2000 puts; Pete Najarian owns (C); Pete Najarian owns (C); Pete Najarian is long (F) bonds; Pete Najarian owns (JPM); Pete Najarian is long (RSX); Pete Najarian is long (XLF) calls; Jon Najarian owns (AMSC), is short (AMSC) calls; Jon Najarian owns (CBOE), is short (CBOE) calls; Jon Najarian owns (CME), is short (NYX) calls; Jon Najarian owns (NYX), is short (NYX) calls; Jon Najarian owns (BBBY), is short (BBBY) calls; Jon Najarian owns (BRCM), is short (BRCM) calls; Jon Najarian owns (GDX), is short (GDX) calls; Jon Najarian owns (SLV), is short (SLV) calls; Jon Najarian owns (LLY), is short (LLY) calls; Jon Najarian owns (EMC), is short (EMC) calls
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 (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 (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 (NCRI)
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 (XLF)
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 (WDFC)
Virtus Investment Partners Owns More Than 1% Of (YDNT)
Virtus Investment Partners Owns More Than 1% Of DOMINO'S PIZZA UK & IRL PLC
For Brian Kelly
Accounts Managed by Kanundrum Capital are long (GLD)
Accounts Managed by Kanundrum Capital are long (MON)
Accounts Managed by Kanundrum Capital are long (SLV)
Accounts Managed by Kanundrum Capital are short (XLF)
Accounts Managed by Kanundrum Capital are long VIX calls
Accounts Managed by Kanundrum Capital are short yen
Accounts Managed by Kanundrum Capital are short copper
Accounts Managed by Kanundrum Capital are long gold
Accounts Managed by Kanundrum Capital are long silver
Accounts Managed by Kanundrum Capital are long crude oil
Accounts Managed by Kanundrum Capital are long natural gas
For Scott Nations
**No Disclosures
For David Greenberg
Greenberg Is President Of Sterling Commodities, A Clearinghouse For Metals & Commodities At NYMEX
Greenberg Is A Former NYMEX Executive Committee and Board Member
SOT 2/25/11: Brian Kelly Netflix
**No Disclosure
CNBC.com with wires.
