Fast Money

Monday - Friday, 5:00 - 6:00 PM ET
Fast Money

Show Me State

Bear Stearns as well as Lehman, Goldman and other banks are opening up the books next week. What’s the trade ahead of broker earnings?

Bear Stearns

I’ve never seen a stock beaten-up like Bear, says Jon Najarian. There's put activity which suggests there’s at least some chance Bear could be selling at $5 or lower by next Thursday. If Bear survives the week, and I believe they will, the options also suggest Bear will be bought.

Goldman Sachs  

This bank is probably the best on the Street, says Pete Najarian. I think they could crush numbers. I like this stock under $160.

I think Bear under so much stress is a benefit to GS, adds Karen Finerman.


Options action in Lehman is similar to action in Bear a few days ago, explains Pete Najarian.

Merrill Lynch

Merrill is 85% correlated to Bear over the last 3 months, explains Jon Najarian. And I’m seeing unusual put activity.

Next Week's Trades #1

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Trader disclosure: On Mar.14,, 2008, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders: Finerman Owns (GS); Finerman's Firm Owns (AAPL), (FNM), (MSFT), (NMX), (NYX), (SKS), (TSO), (VLO), (WMT), (YHOO); Finerman's Firm Is Short (IYR), (SPY), (IWM), (IJR), (MDY), (COF); Finerman's Firm Is Short (LEH) And Owns (LEH) Puts; Pete Najarian Owns (AAPL), (AMR), (C), (MS), (MSFT), (NOK), (YHOO); Pete Najarian Owns (COP) Calls, (DNA) Calls; Pete Najarian Owns (FNM) Puts, (LEH) Puts, (USB) Puts; Finerman's Firm Is Long (CCU) Call Spreads: Jon Najarian Is Short (LEH), (MER)