Fast Trades Into Friday's Close


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.

Widely followed analyst Dick Bove upgraded Citigroup on Friday to a 'Buy' and suggested an ultimate price target of $12; should you buy?

I think $12 is overdone, says Brian Stutland of Stutland Equities. But I do like the stock here.


BUY RIMM ON REVERSAL?Research in Motion slipped on a weaker-than-expected forecast; should you buy the dip?

I’m a buyer on weakness, reveals Patty Edwards of Storehouse Partners. But I’d only be nibbling at it.


BUY OIL? The weak dollar, geopolitical concerns, or anemic manufacturing data – what’s driving the price of oil?

I think oil goes to $85, says Bill Strazzulo of Bell Curve. The bigger picture for crude still looks bullish to me.


BUY GOLD?Gold moved higher on Friday; should you get it at these levels?

I’m a buyer of gold below $890, explains Jared Levy of Peak 6. And I’d play it by selling the July 89 put in the GLD.


TRADE TO GO: SOLAR Options trader Jared Levy tells the desk he thinks First Solar looks good here and “I'm a buyer.” How’s he playing it?

”Go long by selling the 150 puts in July -- that allows you buy stock cheaper,” he counsels

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Trader disclosure: On June 19th, 2009, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders;

Stutland's Firms Is Short options premium in SPX (S&P 500 options)
Edwards Owns (SH)