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Options Action: Goldman Sachs

Shares of Goldman Sachs have surged 15% in only the last month. How should you play the firm now?

Scott Nations of NationShares thinks the stock may be ahead of itself and suggests the following options trade.

Get all the details. Watch the video now!






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Trader disclosure: On Oct 31, 2011, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s "Fast Money" were owned by the "Fast Money" traders; Nathan is long Jan puts BAC; Nathan is long Nov & Jan puts MS; Nathan is long Jan calls NFLX; Nathan is long Jan puts INTC; Nathan has long Nov puts CSCO; Kelly is long GLD; Terranova is long APC; Terranova is long F; Terranova is long AAPL; Terranova is long FCX; Terranova is long CAT; Terranova is long AXP; Terranova is long EMC; Terranova is long IBM; Finerman owns BAC; Finerman owns GOOG; Finerman owns JPM; Finerman’s firm owns AAPL; Finerman’s firm owns YHOO and short calls; Finerman’s firm owns IBM and short calls

For Brian Kelly
Shelter Harbor Capital is long VLO
Shelter Harbor Capital is long SPY
Shelter Harbor Capital is long COL

For Todd Gordon
No disclosures

For Dennis Gartman
Gartman is long gold
Gartman is short Euro

For Chris Verrone
No disclosures

For Evan Gold
No disclosures

For Jim Iuorio
Iurorio is long JNJ short calls

For David Greenberg
Greenberg is long CME

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