Google (GOOG), SanDisk (SNDK) and Advanced Micro Devices(AMD) all came out with results after the bell. How are investors trading the news after hours?
To find out we went to TD Ameritrade's after hours center and spoke with Jay Pestrichelli, SVP of Active Trader Group. Following are excerpts from what was said.
He told us that Google traded higher after hours – about $647 at 5:30pm ET and it was the most actively traded stock at TD Ameritrade.
SanDisk traded at $56 even after hours, he said.
AMD traded at $14.70 after hours, Pestrichelli added. “And right before the close we saw a lot of October calls and puts at the money being traded. It might be people putting on some strangles.”
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Trader disclosure: On Oct 18, 2007, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders; Macke Owns (INTC); Najarian Owns ( C), (GOOG)(CY); Najarian Owns (SNDK) Options; Finerman Owns (C), (GS); Finerman's Firm And Finerman Own (ASD), (KALU); Finerman's Firm Owns (NYX), (MSFT), (LTD), (BIIB), (BEAS), (COP), (TGT), (VMSI), (WMT); Finerman's Firm Owns S&P 500 Index Puts; Finerman's Firm Owns Russell 2000 Index Puts