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UPDATE: Pete's Best Green Trade

Considering it's "Green Week" here at NBCU, we couldn't think of a better time to call on Commander Planet for his best green play!

In case that just sounds weird, Commander Planet is what we affectionately call Pete Najarian because he follows alternative energy stocks so closely.

And Najarian seems to have a knack for spotting those companies which stand to profit from green energy initiatives.

And right now he suggests putting BP on your radar. Of all the major oil names, “they’re one of the most exposed to alternative energy,” Najarian says. “In fact they’ve got 35 years of experience.”

”Considering India has committed $19 billion towards solar power and BP has significant exposure to Asia, it makes sense to conclude that BP has great opportunities there.”

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And in an update, on Thursday the head of BP solar said first quarter sales have been robust with Italy expected to be its top growth market next year.

And it's BP's goal to cut solar panel costs by 25% sooner than estimated -- in an effort to make alternative energy more attractive.

But BP is only one of Najarian’s alt energy trades. Check out the many other companies Najarian has on his radar.

> Click here and launch the Commander Planet slideshow now!


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Trader disclosure: On November 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; Adami Owns (AGU), (C), (GS), (INTC), (MSFT), (NUE), (BTU); Najarian Owns (BP) Calls; Najarian Owns (DELL) Dec. Call, Is Short (DELL) Nov. Calls; Najarian Owns (INTC), Is Short (INTC) Calls; Najarian Owns (MCD) Call Spreads; Najarian Owns (TXN), Is Short (TXN) Calls; Najarian Owns (UUP) Calls; Najarian Owns (YHOO), (YHOO) Puts; Najarian Owns (BG) Calls; Najarian Owns (KG) Calls; Terranova Owns (POT), (GOOG), (AAPL), (SU); Terranova Owns (UNG) April 2010 Calls; Terranova Owns (FDX) Dec. 2010 Calls; Terranova Is Short Crude Oil January 2010; Terranova Owns Crude Oil December 2010

For Joe Terranova
Terranova Works For (VRTS)
Terranova Is Chief Market Strategist Of Virtus Investment Partners, Ltd.
Virtus Investment Partners Owns More Than 1% Of (CLB)
Virtus Investment Partners Owns More Than 1% Of (DLR)
Virtus Investment Partners Owns More Than 1% Of (EXR)
Virtus Investment Partners Owns More Than 1% Of (IGE)
Virtus Investment Partners Owns More Than 1% Of (XLY)
Virtus Investment Partners Owns More Than 1% Of (DBC)
Virtus Investment Partners Owns More Than 1% Of (DBV)
Virtus Investment Partners Owns More Than 1% Of (UA)

For Jim Iuorio
Iuorio Owns (UN), (MCD), (FXE), (FXC),( DELL)
Iuorio Owns (GLD), (GLD) Puts, Is Short (GLD) Calls
Iuorio Owns (ABX) Calls
Iuorio Owns (NEM) Calls
Iuorio Owns (SLV), (SLV) Calls, Is Short (SLV) Calls
Iuorio Owns (GIS), (GIS) Calls
Iuorio Owns (WMT) Calls
Iuorio Owns Put Spreads In S&P Futures, Is Short Call Spread In S&P Futures




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