nobody has a quicker trading draw than pistol pete najarian. after using a frenetic trading strategy to weather this perfect storm, even pete knows sometimes it's time to step back and smell the slow money. his long-term pick embraced the strategy for the next century. california is turning to alternative sources from solar, wind to ocean waves. >> the key issue is what is the situation on climate change? we want to use energy efficiencies and renewables and clean coal. >> let's slow this linebacker down a moment and get pete's slow pick. take it away. >> slow money. >> did you play without your helmet? >> i did a little too long, i think, sometimes. i got really interested in the stocks. this name intrigued me when we had the ceo standing here and he was talking about the moves they are making forward for clean energy. the growth potential that they've got going forward from here at solar, where it's only 1% of their power generation right now, 22% coming from nuclear, a lot of clean energy coming out of them, but only 1% produced so far from s

. >> coming up next, we get up close and personal with pete najarian on trading lessons he learned trading during the collapse of lehman brothers. stake round. right now 1.2 million people are on sprint mobile broadband. 31 are streaming a sales conference from the road. eight are wearing bathrobes. two... less. - 154 people are tracking shipments on a train. - ( train whistles ) 33 are im'ing on a ferry. and 1300 are secretly checking email... - on a vacation. - hmm? ( groans ) that's happening now. america's most dependable 3g network. bringing you the first and only wireless 4g network. sprint. the now network. deaf, hard of hearing and people with speech disabilities access www.sprintrelay.com. most people try to get rid of algae, and we're trying to grow it. the algae are very beautiful. they come in blue or red, golden, green. algae could be converted into biofuels... that we could someday run our cars on. in using algae to form biofuels, we're not competing with the food supply. and they absorb co2, so they help solve the greenhouse problem, as well. we're making a big commitment to

. >> coming up next, we get up close and personal with pete najarian on trading lessons he learned tradingcollapse of lehman brothers. stick around. if you're still one of the guys who's going over and over... going urgently... waking up to go... it's time to do what lots of guys everywhere have already done-- go see your doctor, because those could be urinary symptoms due to bph, an enlarged prostate. and for many men, prescription flomax reduces their urinary symptoms due to bph in one week. one week. only your doctor can tell if you have bph, not a more serious condition like prostate cancer. avoid driving or hazardous tasks for 12 hours after your first dose or increase in dose, as a sudden drop in blood pressure may occur, rarely resulting in fainting. if considering cataract surgery, tell your eye surgeon you've taken flomax. common side effects are runny nose, dizziness and decrease in semen. millions of men have been prescribed flomax. maybe it's time to see your doctor and ask if flomax is right for you. and call 877-4-flomax to see if you qualify for up to $40 off new or refill p

pete najarian, how do you interpret this? the streets, neutral to moderately positive on this. >> right. i think that the way you have to interpret it is if you look back to january, there were reports that they were already starting to get this into position. this is something that's been expected. everybody knew there would be some time frame, probably in the fall, because the contract comes up next year. this is just the progression. i think you already knew, going in front of, the smith barney acquisition, all of this is setting up what morgan stanley is becoming. not a complete lack of risk-taking, but they've got the right guy in charge now. i believe james gorman fits the bill federal reservely. managemt ewe yit over ther unit over there. we have citi saying it will enjoy a $1 billion gain in its principal investment business which would be a 9% increase in an $11 billion business. at this point we're a few dollars away from the 52-week high on this stock. what's your read here? too crowded? >> brian kelly you're talki

plus, pete najarian the pit boss got your setup ina head of tomorrow's big earnings report from rimm.et's get the word on the street. k-fine, let's start with you. what did it feel like you to? why did we turn around midday? >> i don't know. i think was just a slow melt. if you think about where we were before today for the month a very big move. this brings us right back where we were monday morning. it didn't feel panicky at all. in fact, the vix didn't move hardly at all for a move like this at the end of the day. >> so it didn't move? >> right. you look at the volatility index, it was moving to the fought down side rapidly. we were pushing 22 right before the very last hour of the trading day, then we rocketed right back up, finished back in positive territory on the vix. like karen says, though, there was never any panic. it was really led by financials. you look at the xlf, look at goldman sachs, hit 592-week high, hits 188 and then finishes the day on the low at 184. not saying that's necessarily a negative. but certainly the way the financials turned late the last 45 minutes d

. >> pete najarian -- >> come on, hobbs -- >> the second one in two weeks. >> hi, mr. evans. >> all right, pop for u.s. steel at 5%. >> upgrade for neutral. dollar's weaker, resources go higher. that was the story today. >> and we got a pop here for a sri lankan man. >> huh? >> a sri lankan man whose name's very difficult to pronounce. set a new guinness world record by smashing 29 wooden bars on his baddy in one minute. the martial arts champ already holds the record for smashing -- >> you sure he didn't get caught for jaywalking? >> breaking 44 at once with his head. apparently he's very good at smashing various hard things on his body. >> that doesn't look like -- >> way to go, wasantha. he watches the show. in between bashing stuff he's watching. >> not anymore. >> coming up next after a year that sent many wall street heavyweights packing, does this survivor have what it takes to dominate the new landscape? you're watching "fast money" on cnbc. we're first in business worldwide. hey, it's great to see you're back after that accident. well...i couldn't have gotten

and we say this again and again on this desk and certainly pete najarian does but apple's implied volatility, two-year lows on that. and puts are logical -- >> it makes complete sense of why you'd want to protect your portfolio in something like an apple, something like goldman sachs, because you still believe in the story but why not? when you can get it at the cheapest levels in two years, why wouldn't you buy the protection? it makes complete sense. great opportunity to still ride that up side. and there's still plenty of up side there. >> moving on to the next trade here, strange options activity in energy conversion devices today as the company confirms that the ceo has pulled out of a scheduled appearance at the think equity conference. so you know, you flagged this earlier. >> tuesday. >> heavy call activity. >> absolutely incredible call activity. about 50,000 options traded. it's been averaging about 3,500. 50,000 on the call side. most of them isolated toward september. september 12 1/2, september 13, september 14. incredible activity. some of that activity returned again today. by

plus pete najarian with the trade behind the next boom on wall street. but first let's get to the word on the street. on the nyse the most -- new high since october 2007. guy, you have been a critic all the way up. every point high yer -- >> i'll say it again tonight and i'm r-o-n-g wrong. where were you today for lunch? >> for lunch? >> please say it quick. >> i was at the cable facts awards luncheon. >> where you were nominated for? >> best host news for "options action." >> somebody should bring that up. thank you. >> mr. dan rather. i had the privilege of being in the same category as mr. dan rather, and he took that award, and he deserved it. >> well, good for you, though, mel. way to go. >> thank you. >> back to the market. >> back to the market. if you believe it, finally, when are you going to -- >> i will say it. i've been wrong. and you can't get in the way of this. the market clearly wants to go higher. joe says it, tim says, it pete says it all the time. i'm scared. there's nothing out there that shows me any different. we'll talk about oracl

can't fight the wave that is guy adami and pete najarian. >> don't fight it. to contain it. >> drop here for the donald. donald trump, that is. despite sweetening a deal with scottish homeowners, residents are unwilling to sell their land to the real estate mogul. trump has been trying to buy out property owners as he looks to extend a luxury housing and golf development. he began a year ago on the meany estate north of aberdeen. i don't know if i said that correctly. >> sounds like the beginning of a bad day for the donald. >> beginning. >> the beginning. >> don't know why it's just the beginning. pop here for lowe's, up 2%, joe. >> still recovering from the august 17th sell-off. i like home depot much better. >> also got a pop here for aig. up 2%. pete. >> this stock's up one day, down the next day. you want volatility this is the place to go but i tell you what, it's awfully scary out there for aig. >> all right, here's a drop for the donald again. >> it will get worse. >> second time, in fact. as his effort to break up a union representing dealers at his t

for more let's bring in the pit boss, the one and only pete najarian who joins us on the fast line. >> i think if nothing else, you better be aware of it. they were so right back in july. it was july 28th when they moved them from neutral to attractive and now they're putting them back down. they were talking back then about the faster recovery but also the leaner supplies. now they're starting to get concerned maybe supply is starting to exceed demands. i think you've got to follow -- everybody loves to demonize goldman sachs but when we talk about profits, goldman sachs seems to be high on that list f they're pulling out, it's cause for you to look and re-evaluate. they shifted the buy rating for u.s. steel. the stock traded $51.65 lpast week. these targets are not two-month targets normally from these firms. i think it's a little ahead of itself. that's exactly what goldman sachs is playing on right now. >> just on this, i think you have to start being careful about the high cost of developed steelmakers and start to re-examine that theme of the steels of the china steelmakers who

najarian brothers will talk all day and night with appropriate detail that i cannot. the volatility, one-month volatile at 20%, that's at one-year lows. that's to be excited about. that's where pete'seen saying this all week. look, buy some downside protection here, you're crazy. a lot of guys in the middle of this rally have actually bought expense of puts, at 30, 35, 40. they were nervous. and they're reluctant to do it now because a lot of that stuff went worthless. i talked to a lot of portfolio managers saying, yeah, i will not buy puts here. i've watched them with or the vine. it's never going to be cheaper. >>ul have some interesting problems, as this market runs up in the coming weeks and take those to 11 count s&p. about where a lot of the investment houses have put their year-end target. the question is do you start to get reallocation? start to lock those gains in? where their targets have been surpassed. by the way, pete, you look very bestoekd yourself. good luck with the research. but i think that issue, come mid-october, of, okay we have reached our target? what do we do now? keep looking silly, upping our target or predict a pullback. >> and another issue that every