Fast Money Picks For October 17

CNBC Fast Money's Steve Grasso said in the segment of the show called "Final Trade" that he is long Google Inc GOOGL GOOG. He believes that the viewers should buy it on Friday because they will probably be able to get it on a discount. Jon Najarian bought Ambac Financial Group, Inc. AMBC on Thursday because he noticed unusual options activity in this name during the week. The stock spiked 7.03 percent on Thursday. Karen Finerman bought the December 15 call options in Bank of America Corp BAC. She believes that it is going to trade to $20, from its current price of $16.08. Brian Kelly thinks that Market Vectors Gold Miners ETF GDX is a buy. He believes that Russia should back its currency with gold.