Fast Money Recap June 4

• Despite 8% drop in Chinese market, Chinese ADRs listed on US markets performed well e.g. HMIN, primarily because they are tied with liquidity in US.
• Great stocks to buy CTRP, BIDU, CHL, JOYG (coal mining equipment maker).
• WMT is a buy.
• One way to make money from the bid for Dow Jones by Rupurt Murdoch is to buy a straddle (Call and Put together) but since so many people are betting on it, the options are extremely overpriced. Instead a better way would be to short the stock, as there is an upside of 5% or so expected now and if the deals falls through the downside is around 30%. Upside call can be used to hedge risk of the stocks further upward movement.
• There has been unusual options and stock activity in HOT, WYN and today same happened in MAR.
• Nat Gas is a buy showing inverted head and shoulder pattern and possibly on its way to $11.
• 3 trader out of 4 are buyers of AAPL due to the iPhone release. Most agree that PALM is a sell.
• IBM has slashed 3,700 jobs, announced $15b buyback, raised quarterly dividend by 22% and it is up 11% since April 24. But there is no organic growth. Selling bond to finance buyback.
• Airline stocks sold off in the wake of foiled JFK aiport plot. OSIS is growing at 30% annually. CCJ and SU are play on energy requirement if something unimaginable happens.