Fast Money Picks For October 1

, Steve Grasso said that he has been long

and he suffered a substantial loss. The stock slipped 1.65 percent on Tuesday and Grasso decided to add to his position. Brian Kelly and Guy Adami want to buy

(ETF)

on Wednesday. TLT fell 0.56 percent on Tuesday and it closed at $116.27. Karen Finerman bought

on Tuesday. She explained that the stock got crushed on earnings but the sell off was overdone in her opinion.