Updated from 10:14 a.m. EDT
The traders of CNBC's "Fast Money" are always one step ahead of Wall Street. The crew knows how to spot market-moving news, unusual options activity or a conference event that can lead to gigantic profits. They don't call the show "Fast Money" for nothing. The crew's trading ideas can produce lighting-fast returns.
The gang recently highlighted trading opportunities that play off the American Society of Clinical Oncology meeting, a potential ethanol phase-out and stocks that will get hurt with high oil prices. Here are some highlights from over the past week as aggregated from the show.
Fast Money's ASCO Biotech Trades: The traders discussed the stocks that could present market moving data at the American Society of Clinical Oncology meeting this weekend. On Wednesday's "Fast Money" show, CNBC pharmaceuticals reporter Mike Huckman told viewers: "Look for headline-grabbing test results out of ImClone(IMCL Quote)." Fast Money's ASCO Biotech Trades included OSI Pharmaceuticals(OSIP Quote) and Elan(ELN Quote). ...
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