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.
Got something to to say? Send us an e-mail at email@example.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 firstname.lastname@example.org.