CNBC’s Million Dollar Portfolio Challenge kicks off this week, our popular contest where you start out with a million bucks and have a limited amount of time to grow the money as quickly as possible.
As trader Karen Finerman so accurately points out, the contest compensates you to take as much risk as possible, (i.e win the contest). In keeping with that spirit the Fast traders reveal their fantasy trades – very high risk and very high reward plays.
Finerman likes playing Walter Energy as a possible takeover target. “If possible play it with options”, she adds. “Either you lose all your money or you make a huge amount
Dan Nathan says his fantasy trade would be placing the entire $1 mil on Amazon short dated puts.
Joe Terranova doesn’t like the thesis at all. “I wouldn’t even play the contest, let along trade real money, that way. Picking bottoms never works out.”
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Trader disclosure: On Sep 19, 2011, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s "Fast Money" were owned by the "Fast Money" traders; Nathan is long Apple (AAPL) through call spreads; Nathan is long Goldman Sachs (GS) through call spreads; Nathan is long Intel (INTC) through put spreads; Nathan is JPMorgan (JPM) through put spreads; Nathan is long Oracle (ORCL) through put spreads; Nathan is Sprint (S); Nathan is long DIA puts; Nathan is XLF puts; Adami owns (AGU); Adami owns (C); Adami owns (GS); Adami owns (INTC); Adami owns (MSFT); Adami owns (NUE); Adami owns (BTU; Finerman and Finerman’s firm own (AAPL); Finerman owns (BAC) and Finerman’s firm own (BAC) leaps; Finerman owns (JPM) and Finerman’s firm owns (JPM) stock and (JPM) leaps; Finerman’s firm owns (IBM); Finerman owns (GOOG); Finerman owns (ORCL); Finerman’s firm owns (MSFT); Finerman owns IWM; Finerman owns MDY; Finerman owns SPY; Terranova is long VRTS; Terranova is long OXY; Terranova is long HOS; Terranova is long OIH; Terranova is long CVI; Terranova is long AXP; Terranova is long EMC; Terranova is long WFM; Terranova is long AMZN; Terranova is long WFC; Terranova is long AAPL; Terranova is long IBM
For Brian Kelly
Funds managed by Shelter Harbor Capital are long Euro
Funds managed by Shelter Harbor Capital are long MON
Funds managed by Shelter Harbor Capital are long MCP
Funds managed by Shelter Harbor Capital are long TLT
Funds managed by Shelter Harbor Capital are short Aussie dollar
Funds managed by Shelter Harbor Capital are short SLV
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Nations is long SPY
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Janney Montgomery Scott is a market maker in the securities of NFLX and GME, and may at any time hold a long or short position in these securities. Janney Montgomery Scott may seek compensation for investment banking services from the subject company (ies) NFLX and GME securities in the next 3 months. The research analyst is compensated based on, in part, Janney Montgomery Scott's profitability, which includes its investment banking revenues.
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