If you want to buy Google ahead of earnings Thursday but think the stock's too pricey at over $635, how should you trade?
Options Action trader Scott Nations of NationShares suggests placing your bets with options.
Get all the details. Watch the video now!
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Trader disclosure: On Jan. 18, 2011, following stocks and commodities mentioned or intended to be mentioned on CNBC’s "Fast Money" were owned by the "Fast Money" traders; Karabell owns (AAPL); Karabell owns (C); Karabell owns (CREE); Karabell owns (CSCO); River Twice Capital owns (CSCO); Karabell owns (FCX); Karabell owns (FXI); Karabell owns (GE); Karabell owns (GS); Karabell owns (GOOG); Karabell owns (IBM); Karabell owns (POT); Joe Terranova Owns (GLD) Puts. Joe Terranova Owns (FCX) Puts. Joe Terranova Owns (UPL). Joe Terranova Owns (VRTS). Joe Terranova Owns (PVH). Joe Terranova Owns (GM). Joe Terranova Owns (CVI). Joe Terranova Owns (CNQ). Joe Terranova Owns (LTD). Joe Terranova Owns (C). Joe Terranova Owns (PEP); Pete Najarian owns (AAPL) call spreads; Pete Najarian owns (BAC) call spreads; Pete Najarian owns (BBY) calls; Pete Najarian owns (C); Pete Najarian owns (F) bonds and (F) calls; Pete Najarian owns (GE); Pete Najarian owns (HPQ) call spreads; Pete Najarian owns (MCD) calls; Pete Najarian owns (MSFT) call spreads; Pete Najarian owns (MS); Pete Najarian owns (YHOO); 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 for (MRK)
For Brian Kelly:
Accounts Managed By Kanunundrum Capital Own (FCX)
Accounts Managed By Kanunundrum Capital Own (GLD)
Accounts Managed By Kanunundrum Capital Own (LVS)
Accounts Managed By Kanunundrum Capital Own (MS)
Accounts Managed By Kanunundrum Capital Own (QCOM)
Accounts Managed By Kanunundrum Capital Own (SLV)
Accounts Managed By Kanunundrum Capital Are Short The Euro
Accounts Managed By Kanunundrum Capital Are Short The Yen
For Joe Terranova:
Terranova is Chief Market Strategist of Virtus Investment Partners, LTD
Virtus Investment Partners Owns More Than 1% Of (ABAX)
Virtus Investment Partners Owns More Than 1% Of (AMKR)
Virtus Investment Partners Owns More Than 1% Of (CCG)
Virtus Investment Partners Owns More Than 1% Of (CASS)
Virtus Investment Partners Owns More Than 1% Of (CSVI)
Virtus Investment Partners Owns More Than 1% Of (EXR)
Virtus Investment Partners Owns More Than 1% Of (FCFS)
Virtus Investment Partners Owns More Than 1% Of (IGE)
Virtus Investment Partners Owns More Than 1% Of (KRC)
Virtus Investment Partners Owns More Than 1% Of (LDR)
Virtus Investment Partners Owns More Than 1% Of (LPHI)
Virtus Investment Partners Owns More Than 1% Of (NCRI)
Virtus Investment Partners Owns More Than 1% Of (DBV)
Virtus Investment Partners Owns More Than 1% Of (XLB)
Virtus Investment Partners Owns More Than 1% Of (XLV)
Virtus Investment Partners Owns More Than 1% Of (XLP)
Virtus Investment Partners Owns More Than 1% Of (XLY)
Virtus Investment Partners Owns More Than 1% Of (XLE)
Virtus Investment Partners Owns More Than 1% Of (XLI)
Virtus Investment Partners Owns More Than 1% Of (XLK)
Virtus Investment Partners Owns More Than 1% Of (XLU)
Virtus Investment Partners Owns More Than 1% Of (SUBK)
Virtus Investment Partners Owns More Than 1% Of (WDFC)
Virtus Investment Partners Owns More Than 1% Of (YDNT)
Virtus Investment Partners Owns More Than 1% Of (CLB)
For Zach Karabell:
River Twice Capital owns (IBM); River Twice Capital owns (MSFT)
River Twice Capital owns (GS)
River Twice Capital owns (CREE);
River Twice Capital owns (POT)
River Twice Capital owns (QCOM)
River Twice Capital owns (RBCN)
Karabell owns (RIMM)
River Twice Capital is short (S)
River Twice Capital is short S&P 500; River Twice Capital is short Nasdaq 100 River Twice Capital Owns (SOLR)
For Ryan Jacob
The Jacob Internet Fund Owns (AAPL)
For Jeff Harte
Sandler O'Neill Has Received Investment Banking Compensation From (BAC), (C), (JPM) In Past 12 Months
Sandler O'Neill Expects To Receive/Seek Investment Banking Compensation From (BAC), (BK), (C), (JEF), (JPM), (NTRS) In Next 3 Months
Sandler O'Neill Has Received Non-Investment Banking Compensation From (BAC), (C), (GS), (JPM), (MS), (NTRS)
(BAC), (BK), (C), (GS), (JPM), (MS), (NTRS) Is A Client Of Sandler O'Neill (Non-Investment Banking Securities-Related Services)
(BAC), (C), (JPM) Was An Investment Banking Client Of Sandler O'Neill
Sandler O'Neill Is A Market Maker In (NTRS)
For Andy Busch
Busch does not have disclosures
For Scott Nations
Nations has no disclosures
For Guy Adami SOT
Adami had no disclosures on (MCD) on 12/7/2010
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