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Options Action: Lorillard

If you can't take the market volatility perhaps it might be time for a smoke, literally!

Tobacco stocks have been "smoking" with names like Lorillard and Reynolds making 52-week highs.

Scott Nations of Options Action has a trade on one of them that can make you money if it goes up, down, or nowhere at all.

How’s the possible? Watch the video and find out!





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Trader disclosure: On Oct 10, 2011, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s "Fast Money" were owned by the "Fast Money" traders; Seymour owns AKS; Seymour owns BAC; Seymour owns INTC; Seymour owns POT; Terranova is long VRTS; Terranova is long LQD; Terranova is long MUB; Terranova is long FCX; Terranova is long TBT; Terranova is long OXY; Terranova is long HOS; Terranova is long F; Terranova is long LULU; Terranova is long OIH; Terranova is long CAT; Terranova is long AXP; Terranova is long EMC; Terranova is long WFC; Terranova is long AAPL; Terranova is long IBM; Terranova is long Silver December $40 puts; Weiss is long RIMM; Weiss is long QCOM; Weiss is long HPQ; Weiss is long EUO; Weiss is long NIHD; Weiss is long COP; Weiss is long KEG; Weiss is long YHOO; Kinahan is short SPY thru options; Kinahan long CSCO; Nations is long SPY

For Brian Kelly
Funds managed by Brian Kelly are long IBM
Funds managed by Brian Kelly are long QCOM
Funds managed by Brian Kelly are long GLD
Funds managed by Brian Kelly are long AAPL
Funds managed by Brian Kelly are long LO

For Chris Verrone
No disclosures

For Dennis Gartman
Gartman is short S&P
Gartman is long gold
Gartman is long of gold/short of the EUR
Gartman is long of gold/short of the Sterling
Gartman is long of gold/short of the Yen
Gartman is long wheat
Gartman is long soybeans
Funds managed by Gartman are long gold
Funds managed by Gartman are long Canadian dollar
Funds managed by Gartman are long Aussie dollar/short of the EUR
Funds managed by Gartman are long Aussie dollar/short of the Sterling

For Josh Brown
No disclosures

For Amelia Bourdeau
No disclosures

For Greg Zuckerman
No disclosures

For David Dunlap
No disclosures

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