'Fast Money' Portfolios of the Week

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PEWAUKEE, Wis. (TheStreet) -- The traders of CNBC's "Fast Money" believe that institutional and retail investors don't want to miss out on the current stock market rally. On Tuesday's "Fast Money" TV show, Tim Seymour told viewers that stocks were boosted by comments out of Fed Chairman Ben Bernanke, who said the recession was near the end.

Karen Finerman said the market move seems like the type of action where money managers are just chasing returns. She explained that investors who manage money for a living can't afford to miss out on gains.

Guy Adami said he was intrigued by the Master Trust data. He mentioned that banks such as JPMorgan Chase(JPM Quote) showed a rise in charge-offs and the first jump in delinquencies since April. Adami was surprised that the investors were jumping into stocks and overlooking the bad data.

Pete Najarian pointed out that options volume was huge as investors continued to speculate on upside calls but also bought inexpensive puts for downside protection. He thinks this type of options activity means the market will see more upside.

The crew has recently highlighted trading ideas that play off of five bank stocks, three biotech stocks and stocks with unusual options activity. Here are some highlights from over the past week as aggregated from the show.

Fast Money's 5 Banks to Own Now: Which bank stocks should investors buy right now? The traders know just the answer. On Tuesday's "Fast Money" show, Rochdale Securities analyst Dick Bove told viewers: "The important thing to know if you're trading the space is that 60% of the banks in the United States are probably going to show losses over the next six months. I'd only look at banks where there's sure to be pretax earnings." The Fast Money's 5 Banks to Own Now portfolio includes Goldman Sachs Group(GS Quote) and Northern Trust(NTRS Quote).