How are the Fast Money traders gaming this market into the close? Following are the “Fast & Furious” trades - hot ways to play today's market moving events.
How are the Fast Money traders gaming this market into the close?
TRADE TO GO: IYR
I’m seeing very strong put activity in this ETF, explains OptionMonster Jon Naiarjan, which I think means big investors are anticipating a sizable move lower. It was at $22 back in March and has exploded up to $35 recently. But now I’d be a buyer of puts or I’d sell the IYR short -- for the next 15 days.
CALL THE CLOSE
Mike Khouw of Cantor Fitzgerald: I’m a buyer of COP but not consumer names
Steve Cortes of Veracruz: I’d buy the dollar and sell stocks on rallies
Katie Stockton of MKM Partners: I’m a seller.
OptionMonster Jon Najarian: I’m a buyer of Dell.
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