Fast Money Picks For August 6

, Steve Grasso suggested that investors should consider

as a buy. He explained that the stock has been an underperformer, with a 42 percent loss year to date and he believes that it is cheap. Grasso bought some on Wednesday. Brian Kelly wants to buy VIX as a protection. He thinks that it is a good idea to be protected for a potential decline in the S&P500. Karen Finerman wants to buy

. Guy Adami is a buyer of

.