×

Fast Trades Into Wednesday's Close

FFF_Fast_Furious_Thumb.jpg

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.

BUY RIM?Research In Motion reports earnings Thursday; should you buy ahead of the release?

I do think you buy ahead of this release, counsels Patty Edwards of Storehouse Partners.

Symbol
Price
 
Change
%Change
BB
---

BUY OIL? With oil trading lower after the latest round of inventories, should you buy the dip?

I’m a seller into the close, counsels Jared Levy of Peak 6.

BUY GOLD? Gold traded lower on Wednesday; is this an opportunity?

I think it will pullback further, counsels John Kosar of Asbury Research.

DEFLATION OR INFLATION? Consumer prices showed a drop of 1.3% year over year, the biggest decline since 1950. Should investors focus on inflation or deflation?

I think deflation is still the problem, muses Guy Adami.

--------------

TRADE TO GO – CHIPS

I think Intel makes sense for a lot of reasons, counsels Guy Adami. It’s a buy around $15.80 and sell it around $16.50.

Symbol
Price
 
Change
%Change
INTC
---


______________________________________________________
Got something to to say? Send us an e-mail at fastmoney-web@cnbc.com and your comment might be posted on the Rapid Recap. If you'd prefer to make a comment but not have it published on our website send those e-mails to fastmoney@cnbc.com.

Trader disclosure: On June 17th, 2009, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders; Adami Owns (C), (GS), (BTU), (AGU), (INTC), (MSFT), NUE); Najarian Owns (V), (CSCO); Najarian Owns (C) Preferred; Najarian Is Short (POT) Puts; Najarian Is Short (WFC); Seymour Owns (AAPL), (BAC), (BX), (EEM), (FXI), (F), (IYT); Terranova Owns (SDS), (XBI), (TER), (BTU), (ABT), MSFT); Terranova Is Short (XOM) Call Spread; Terranova Is Short (GENZ) Call Spread; Terranova Is Short (OIH)& (OIH) Puts; Terranova Is Short (RIG)& (RIG) Puts; Terranova Is Short (FCX)& (FCX) Puts; Terranova Is Short (RIMM)& (RIMM) Puts; Terranova Is Short (GENZ)& (GENZ) Puts; Terranova Is Short (IBM) Calls; Terranova OWns (BRCM) & Is Short (BRCM) Calls; Terranova Owns (POT)& Short (POT) Calls; Terranova Is Short (JPM)& Is Short (JPM) Calls; Terranova Owns (MS) & Short (MS) Calls; Teranova Owns (X) & Is SHort (X) Calls; Terranova OWns July Nat Gas Futures; Terranova Owns (DIS) Octovber Call Spread