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Long-Shot Trades: High Risk & High Reward

Friday, 8 Jun 2012 | 2:59 PM ET

If you’ve got the appetite, our pros have the trades. Following are the Fast Money long-shots; these trades come with high risk but offer high rewards.

Patty Edwards - EnergySolutions

They’re involved in the nuclear clean up, business, explains Edwards. They have a Fuskishima contract. I think EnergySolutions could be a triple digit winner.

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Steve Grasso- Sprint

Grasso thinks the beleaguered Sprint is finally ready to turn a corner. “Once it gets above $3 I think a lot of money will take a gamble on this stock,” he says.

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Brian Kelly - Clean Energy

Shares of Clean Energy have come down 50% off the March highs, explains Kelly. If it goes back to the highs it’s a double and it’s a great play on nat gas transportation industry.

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Jon Najarian – Arena Pharmaceuticals

Traders Long-Shot Picks
The VIX is falling to session lows, and the FMHR traders share their triple-digit stock bets, including Sprint Nextel, Clean Energy and Arena Pharmaceuticals.

With obesity becoming a growing problem not only in the US but around the world, Najarian thinks demand for Arena's weight management and diabetes drugs will do nothing but increase.


Posted by CNBC's Lee Brodie

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Trader disclosure: On June 8, 2012, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s "Fast Money" were owned by the "Fast Money" traders; Jon Najarian is long FB CALL SPREADS; Jon Najarian is long FIO CALL SPREADS; Jon Najarian is long ARNA CALL SPREADS; Jon Najarian is long AAPL CALL SPREADS; Jon Najarian is long JPM CALL SPREADS; Jon Najarian is long HLF CALL SPREADS; Jon Najarian is long CME; Jon Najarian is long CBOE; Jon Najarian is long DDMG; Jon Najarian is long GLUU; Brian Kelly is long QQQ Calls; Brian Kelly is long JPM Calls; Patty Edwards is long AAPL; Patty Edwards is long GLD; Patty Edwards is long INTC; Patty Edwards is long JOY; Patty Edwards is long SBUX; Patty Edwards is long COP; Patty Edwards is long AMZN; Patty Edwards is long FB; Patty Edwards is long MCD; Mike Murphy is long LULU

For Richard Repetto
Nothing to disclose

For Sara Senatore
Nothing to disclose


CNBC.com with wires.

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ARNA
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