With the new Droid Bionic smartphone expected to hit Verizon stores exclusively this week, how should you trade?

According to Mike Khouw of Cantor Fitzgerald there's a way to play the event with options.

Get all his insights. Watch the video now!

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Trader disclosure: On Sep 7, 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 (AAPL); Seymour owns (BAC); Seymour owns (GM); Seymour owns (INTC); Adami owns (C); Adami owns (GS); Adami owns (INTC); Adami owns (AGU); Adami owns (MSFT); Adami owns (NUE) ;Adami owns (BTU); Najarian owns (AAPL); Najarian owns (C); Najarian owns (MS); Najarian owns (CLF) calls’ Najarian owns (TCK); Najarian owns (ACI) calls; Najarian owns (VLO); Najarian owns (PEP); Weiss Owns (AAPL); Weiss Owns (JPM)
Weiss Owns (QCOM); Weiss Owns (DE); Weiss Owns (COP); Weiss Owns (KO); Weiss Owns (KEG); Weiss Owns (MOS); Finerman owns (AAPL); Finerman owns (BAC) leaps
Finerman owns (JPM) leaps

For Karen Finerman
Finerman & Finerman’s firm owns (AAPL)
Finerman & Finerman’s firm owns (BAC) leaps
Finerman & Finerman’s firm owns (JPM) leaps

CNBC.com with wires.