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Options Action: Mosaic, Skechers

Find out what Mike Khouw is doing with his Mosaic calendar call spread. Also find out how he’s playing Skechers.

On Monday Khouw suggesting trading Mosaic with a Jan/Feb 80 call calendar which involves buying the Feb 80 calls for 3.40 and selling the Jan 80 calls @ 2.10.

With earnings out Thursday after the bell, what’s he doing with this trade?


















Also find out why Khouw is gaming Skechers with the Feb 19 puts.

Watch the video now!




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Trader disclosure: On January 5, 2010, following stocks and commodities mentioned or intended to be mentioned on CNBC’s "Fast Money" were owned by the "Fast Money" traders; Finerman's firm is short (IJR); Finerman's firm is short (MDY); Finerman's firm is short (SPY); Finerman's firm is short (IWM); Finerman's firm is long S&P puts; Finerman's firm is long Russell 2000 puts; Finerman owns (AAPL); Finerman owns (BAC); Finerman's firm owns (BBY); Finerman's firm owns shares of BMW; Finerman owns (BP); Finerman's firm owns (BP); Finerman's owns (GOOG); Finerman owns (HPQ); Finerman's firm owns (HPQ); Finerman's firm owns (IBM); Finerman owns (JPM) and (JPM) leaps; Finerman's firm owns (JPM) and (JPM) leaps; Finerman owns (MSFT); Finerman's firm owns (MSFT); Finerman's firm owns (WMT); Seymour owns (BX); Seymour owns (TSL); Seymour owns (VIP); Seymour owns (AA); Seymour owns (AAPL); Seymour owns (F); Seymour owns (FXI); Adami owns (AGU); Adami owns (C); Adami owns (GS); Adami owns (INTC); Adami owns (MSFT); Adami owns (NUE); Adami owns (BTU); Adami's wife works at (MRK); Terranova owns (GM); Terranova owns (C); Terranova owns (VRTS); Terranova owns (UPL); Terranova owns (PEP); Terranova owns (OXY); Terranova owns (GS); Terranova owns (SLW) puts; Terranova owns (GLD) puts; Terranova is short (SLV) futures

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For Brian Kelly
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Pete Najarian SOT
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For Mike Khouw
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Fast Fire SOT
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