Fast Money Trades (DO, APA, CELG, DB)

In the first 20 minutes of the show, the Fast Money traders offered up a number of interesting trades and analysis. Guy Adami said that Celgene (NASDAQ: CELG) is still the best company in the biotech space.

Brian Kelly said that he is playing the European banks, such as Deutsche Bank (NYSE: DB) from the long side for a trade. He believes that Greece will be bailed out of their sovereign debt problems. Gary Kaminsky, however, remains very bearish on the Eurozone.

Joe Terranova said that he is seeing a lot of bullish activity in oil futures despite the underlying fundamentals which are quite poor. Tim Seymour said that if oil continues to move higher, Diamond Offshore (NYSE: DO) should benefit.