Fast Money Picks For July 27th (SPY, CHD, CVS)

, Dan Nathan said that investors should be defensive and buy weekly puts in SPDR S&P 500 ETF (NYSE:

) on Wednesday. SPDR S&P 500 ETF (

) fell 0.37% today, and it closed at $133.33. Guy Adami likes Church & Dwight Co., Inc. (NYSE:

), and wants to buy it tomorrow. Church & Dwight Co., Inc. (

) gained 0.07% today, and closed at $41.90. Karen Finerman is a buyer of CVS Caremark Corporation (NYSE:

). She believes that the merger between Express Scripts and Medco is good for this stock. CVS Caremark Corporation (

) dropped 0.54% today, and closed at $36.86. Joe Terranova thinks that you should watch copper tomorrow.