'Fast Money' Portfolios of the Week

By Roberto Pedone

WINDERMERE, Fla. (Stockpickr) -- The traders of CNBC's "Fast Money" are worried that the 200-day moving average on the S&P 500 could become a brick wall for the markets. On Wednesday's "Halftime Report" segment, Brian Kelly told viewers that at these key technical areas, the market can go one way or the other very quickly. He said since the market has run-up very far very fast it makes sense to take a neutral stance or even to consider some short positions.

Melissa Lee pointed out that Doug Kass says almost the same thing. He sent a message out today that explained he's market neutral.

Jon Najarian mentioned that he's still watching 23.38, or the 200-day moving average on the Vix. He thinks that if the Vix can close below that level it will mean the market is heading to the upside. On the flipside, if it doesn't that could be conformation of a triple bottom on the Vix and a market correction could take place.

The "Fast Money" crew has recently highlighted trading ideas that play off the tech sector, mid-term election plays and stocks with unusual options activity. Here are some highlights from over the past week as aggregated from the show.

17 Bailed-Out Banks That Overpaid Execs: Recently, U.S. Treasury Department pay czar Kenneth Feinberg called out 17 companies that took many from the Troubled Relief Program and then overpaid their executives. Some of the companies named included Bank of America(BAC), Capital One Financial(COF) and American International Group(AIG). On last Friday's "Halftime Report" segment, Mary Thompson told viewers: "Feinberg is not asking that the companies repay the money that was handed out during the financial crisis. He is, however, requesting that they voluntarily adopt a break provision that would allow companies to break pay contracts during future financial crises." The 17 Bailed-Out Banks That Overpaid Execs portfolio includes Goldman Sachs Group(GS) and Citigroup(C).

Fast Money's Options Trades: The traders highlighted some options trades and unusual options activity in stocks like MGM Resorts International (MGM) and Microsoft(MSFT). On Wednesday's "Halftime Report" segment, Jon Najarian told viewers: "I have spotted some unusual activity in Chico's FAS(CHS) stocks with a lot of call buying. The stock has been hammered in the past few months, so maybe people are now betting it will outperform." The Fast Money's Options Trades portfolio includes Waste Management(WM) and RadioShack(RSH).