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.
SHORT REAL ESTATE? With the Ultra-Short Real Estate ETF soaring Friday how should you play the space?
I think real estate stocks have even more room to pull back, counsels Brian Schaeffer of VDM.
BUY TREASURYS: Investors appear to be looking for safer havens as the rally stalls. Should you get into the bond market?
I’d get long the TLT to game the risk averse trade but only for the next few weeks, counsels Jim Iuorio of TJM.
BUY CSX: Rail name CSX reports earnings on Monday; should you get in today?
I think there’s more room for downside disappointment and I’d short the rails, counsels Chris Zook of CAZ.
BUY GOLDMAN?Goldman Sachs stalled Friday after climbing on yesterday's upgrade; should you buy?
I’d sell Goldman short, counsels Jeff Tomasulo of SMB, and cover at $135.
TRADE TO GO – SOLAR NAMES
Jim Iuorio has spotted unusual options action in solar names First Solar and LDK Solar . The volume of puts trading on Friday suggests to Iuorio these stocks could go lower.
He thinks the bearish activity likely stems from crude oil going down hard. Lately solar and crude have traded in tandem.
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Trader disclosure: On July 10th, 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 (AGU), (C), (GS), (INTC), (MSFT), (NUE), (BTU); Finerman's Firm Owns (MSFT), (PBR); Finerman's Firm And Finerman Own (BAC) Preferred Shares; Finerman's Firm And Finerman Own (RIG); Finerman's Firm And Finerman Own (WFC) Preferred Shares, Finerman's Firm Is Short (WFC); Finerman's Firm Is Short (SPY), (USO), (BWA), (IYR), (IJR), (MDY), (SPY), (IWM); Finerman's Firm And Finerman Own (FLS); Seymour Owns (TSO); Terranova Owns (TER), (FTO), (SUN), (RIMM), (MSFT); GE Is The Parent Company Of CNBC
Terranova Works For (VRTS); Terranova Is Chief Alternatives Strategist Of Virtus Investment Partners, Ltd.; Terranova Is Co-Portfolio Manager Of The Virtus Diversifier PHOLIO; Virtus Diversifier PHOLIO Owns (IGE), (DBC), (DBV); Virtus Investment Partners Owns More Than 1% Of (ABD), (CBL), (CAL), (CLB), (DLR), (EXR), (IGE), (MEE), (DBC), (DBV), (DBA), (SKT), (TNB), (UA), (WBMD);Virtus Investment Partners Owns More Than 1% Of St Mary Land & Exploration Co; Virtus Investment Partners Owns More Than 1% Of Seagate Tax Refund Rights