Options action: dollar general

Dollar General landed on the trader radar Wednesday after the company missed Street expectations, with price cuts dragging down margins. For Dollar General, which prices most of its

merchandise below $10, the weak economy is a double-edged sword. As shoppers seek more affordable food and other basic goods, a soft economy drives customers into its stores. But to retain

those customers, the company must keep prices low, which is difficult when, as now, costs are rising. Considering the dichotomy, how should you trade this stock? Don’t make a move until you

hear from Mike Khouw of Cantor Fitzgerald. Watch the video now! ______________________________________________________ Got something to to say? Send us an e-mail at [email protected]

and your comment might be posted on the _Rapid Recap. _If you'd prefer to make a comment, but not have it published on our Web site, send those e-mails to _Trader disclosure: On June 1,

2011, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s “Fast Money” were owned by “Fast Money” traders; Accounts Managed by Brian Kelly Capital own

(ANDE) calls; Accounts Managed by Brian Kelly Capital own (BHP); Accounts Managed by Brian Kelly Capital own (IAU); Accounts Managed by Brian Kelly Capital own (NLY); Accounts Managed by

Brian Kelly Capital own (NEM); Accounts Managed by Brian Kelly Capital own (TLT) calls; Accounts Managed by Brian Kelly Capital own Aussie dollar; Accounts Managed by Brian Kelly Capital own

Canadian dollar; Accounts Managed by Brian Kelly Capital own Swiss franc; Accounts Managed by Brian Kelly Capital own Hong Kong dollar; Accounts Managed by Brian Kelly Capital own Mexican

peso; Accounts Managed by Brian Kelly Capital own Swedish krona; Accounts Managed by Brian Kelly Capital are short yen; Terranova owns (XOM); Terranova owns (KSS); Terranova owns (CVI);

Terranova owns (OXY); Terranova owns (TM); Terranova owns (BJ); Terranova owns (DIS); Terranova owns (PFE); Terranova owns (V); Terranova owns (HPQ); Terranova owns (FLX); Terranova owns

(JPM); Terranova owns (MCD); Terranova owns (PEP) Terranova owns (VRTS); Terranova is short (DELL)_ For Joe Terranova Virtus Investment Partners Owns More Than 1% Of (ABAX) Virtus Investment

Partners Owns More Than 1% Of (AMKR) Virtus Investment Partners Owns More Than 1% Of (CCG) Virtus Investment Partners Owns More Than 1% Of (CASS) Virtus Investment Partners Owns More Than

1% Of (CSWI) Virtus Investment Partners Owns More Than 1% Of (EXR) Virtus Investment Partners Owns More Than 1% Of (FCFS) Virtus Investment Partners Owns More Than 1% Of (IGE) Virtus

Investment Partners Owns More Than 1% Of (KRC) Virtus Investment Partners Owns More Than 1% Of (LDR) Virtus Investment Partners Owns More Than 1% Of (NRCI) Virtus Investment Partners Owns

More Than 1% Of (DBV) Virtus Investment Partners Owns More Than 1% Of (XLB) Virtus Investment Partners Owns More Than 1% Of (XLV) Virtus Investment Partners Owns More Than 1% Of (XLP) Virtus

Investment Partners Owns More Than 1% Of (XLY) Virtus Investment Partners Owns More Than 1% Of (XLE) Virtus Investment Partners Owns More Than 1% Of (XLF) Virtus Investment Partners Owns

More Than 1% Of (XLI) Virtus Investment Partners Owns More Than 1% Of (XLK) Virtus Investment Partners Owns More Than 1% Of (XLU) Virtus Investment Partners Owns More Than 1% Of (SUBK)

Virtus Investment Partners Owns More Than 1% Of (WDFC) Virtus Investment Partners Owns More Than 1% Of (YDNT) Virtus Investment Partners Owns More Than 1% Of DOMINO'S PIZZA UK & URL

PLC Virtus Investment Partners Owns More Than 1% Of (DRYS) MIke Khouw *No Disclosures Joe LaVorgna * No Disclosures CNBC.com with wires.