'Fast Money' Recap: GM Runs on Oil

The discussion moved to the financials, with Lehman Brothers(LEH Quote). Adami said he isn't convinced that Lehman will get bought out for a premium. He said the high-risk trade here is to be short Lehman. Najarian said that in the financial sector the names that continue to impress are Charles Schwab(SCHW Quote) and Ameritrade(AMTD Quote).

Tech Season The traders moved on to discuss the technology sector. Finerman said she bought some call options on Apple(AAPL Quote) today. She says the stock is a great "back-to-school" trade. Macke questioned whether Google is losing its focus with the release of the new operating system Chrome. Najarian said that Google(GOOG Quote) is going for the jugular on Microsoft(MSFT Quote) with the new browser.

Adami said he likes Advanced Micro Devices(AMD Quote) for a tech trade. He said the stock has a huge short interest and could go to a 7-handle.

Najarian highlighted some unusual options activity in the September $40 calls on Lexmark(LXK Quote). He suggested that the trading action had no institutional size, so he said he believes it's just some small retail traders who are speculating on a buyout. Macke joked that the short-sellers have been printing money on Lexmark.

Burnett brought up the deadline for Boeing's(BA Quote) machinists, who vote Tuesday on whether to go on strike over job security and medical benefits. Finerman says that a deal will happen and that the stock will go up a couple of bucks.

The Dollar Play

Strategic investor Dennis Gartman, author of The Gartman Letter, joined the traders to discuss the commodities market following the big drop in oil today. Gartman explained that the plunge in oil is directly due to the strength in the dollar. He said the dollar went through $1.46 against the euro last night and that drove all commodities lower.

Adami said that the dollar will continue to show strength in the second half of the year. Gartman said the gold market looks awful here. He pointed to the lack of strength in gold in the face of news such as the Russian/Georgian conflict that should have sent the commodity higher.