Fast Money Picks For August 21
Dan Nathan said on CNBC's Fast Money that iShares Russell 2000 Index ETF (NYSE: IWM) is underperforming again and that he is looking to take a short position around $115. IWM fell 0.41 percent Wednesday and closed at $114.97.
Steve Grasso thinks that Apple (NASDAQ: AAPL) is a buy. He said that investors should not get scared if it revisits $95. Apple jumped 0.04 percent and closed at $100.57.
Karen Finerman believes that traders should consider buying volatility. She is doing that by buying S&P 500 put options.
Brian Kelly wants to take a short position in iShares iBoxx High Yield Corp Bond ETF (NYSE: HYG). He thinks that high-yield corporate bonds and junk bonds have had a tremendous rally and he is using put options to take a short position.
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