those bets grew. soon, he was betting $15,000 a game. talk about atlantic city. how do you walk into casinos here and in a span of four months time get $15 million? >> they were desperate for business and overpitching the games. >> atlantic city casinos, owned by mgm, the boyds, and caesar's, began calling don offering $50,000 in free bets to get him into the door. the deals were so good, he said atlantic city was in worse shape than any other gambling city. >> vegas has enough critical mass and they have a huge convention center. some fairly major properties that can do a lot of cross marketing with different properties they own around the country now. >> the cross marketing strategy to keep las vegas strong also steals business from atlantic city. vegas casinos anxious to grow profits outside of the strip are pitching small casinos all around the country. states hungry for tax dollars are embracing these casinos. >> i call it a win-win. it will generate hundreds of millions of dollars in revenue. >> let's take the first step in gaming this year. >> new competit

he wants big bets. >> they were letting me bet $25,000 a hand by three hands. that is $75,000 a swing which is not hard to win $4 million. i did not have $4 million to lose. that was the key. >> he doesn't have $4 million to lose because he negotiates himself a discount -- a 20% rebate on all of his losses. if he gambles $4 million, he will only lose $3.2 million and that matters over the entire course of play. >> i haven't worked for a property that has been dumb enough to get themselves in that situation. >> he negotiates with high rollers. >> some casinos have not paid enough attention. they haven't thought through it all. >> don't casinos have mathematical models they put in place to make sure someone like him can't come in and walk away with nearly $6 million in one night? >> they need to make an evaluation on you as a player, some kind of track record or past performance where they now judge you as a player and say this is a player we think we can beat. >> why would the casinos think they could beat don? >> in the case of don johnson, why is it that your

a huge options bet today has the entire market buzzing. who was behind it, and what's the best way to cash in? >>> and housing stocks are starting to mount a turnaround. is a rally ahead? we'll give you the moves, when "options action" returns. change in after-market trading. ♪ all the tech stocks with a market cap... of at least 50 billion... are up on the day. 12 low-volume stocks... breaking into 52-week highs. six upcoming earnings plays... that recently gapped up. [ male announcer ] now the world is your trading floor. get real-time market scanning wherever you are with the mobile trader app. from td ameritrade. i don't have to leave my desk and get up and go to the post office anymore. [ male announcer ] with stamps.com you can print real u.s. postage for all your letters and packages. i have exactly the amount of postage i need, the instant i need it. can you print only stamps? no... first class. priority mail. certified. international. and the mail man picks it up. i don't leave the shop anymore. [ male announcer ] get a 4 week t

now carter, would you keep on betting against net lix? >> we like that bet. the principle is this, the stock has returned to a difficult level, actually, it's finding a bit of difficulty. few look at how it's performed relative to mark, it's a real lagger, we think this is the stall the sign, ultimately, it will roll over, given the amount of time we have, we are incleaned to stay. >> the exercise we realized, net flicks, the biggest knock against it for the longest time was that they were going to see increase in content costs. they solved that problem by deciding they were going do start creating their own him some have turned out to be incredibly successful, himself. so they actually are changing the game a little bit here. the valuation is what we are betting against, it's hard to buy outright options, this has been offset by some of the decay, i'm declined to stay with this. >> we are talking changing the game, what do you make of netflix introducing these samberg specials, including with bill cosby, it looks like they're on hbo's turf here. >> when you

now carter, would you keep on betting against netflix? >> we like that bet. the principle is this that the stock has returned to a difficult level, and is actually finding a bit of difficulty in the sense that if you look at how it has performed over the last three or four weeks relative to the market, it's a real laggard. and we think this is the stall or the sign that ultimately it's going to roll over. and given the amount of time we have, we're inclined to stay. >> you know, the exercise here was that we realized this was a momo stock that was really on the move. the other thing is netflix, the biggest knock against it for the longest time was that they were going to see increasing content costs. they solved that problem by deciding they were going to start creating their own. and some of those turned out to be incredibly successful, kevin spacey said himself the show he is on never would have been created without something like netflix. so they actually are changing the game a little bit here. the valuation is really what we're betting against, but it's

>> impressive and a bet on the fed and a bet on central banks and the rest of the world. >> well, the bet that they're not going to end their stimulus anytime soon in any great magnitude i guess? >> yeah. if you look at this week's data. you are mentioned it. shockingly poor. both out of the u.s. and out of europe. what does that mean? it means that central banks will be dovish for longer. what does that mean? the market needs to continue to bet on the fact that the central banks have been the market's best friend. i agree with all that. two really important qualifyifications, scott. swun valuation matters, and at this level of valuations for the bond market and equity market, they are telling you different things about the destination. that's the secretaond issue. not enough to bet on the journey. you need the destination to come through. i'm more nervous this bet on bad news is goodness. there's a limit the higher valuations go. >> i had the pleasure of being on "squawk box" yesterday morning and a gentleman came on there, a very noted strategist, who raised the issue of getting dou

carter, would you keep on betting against netflix? >> we like that bet. the principle is this. the stock has returned to a difficult level and is finding a bit of difficulty in the sense if you look at how it's performing for the last three or four weeks relative to the market, it's a real lager. we think this is the stall of the sign. given the amount of time we have, i'll buy the stat. >> the exercise was that we realized this was a momo stock that was on the move. the other thing is that netflix, the biggest knock against it for the longest time was that they were going to see increasing content costs. they solved that problem by deciding they were going to start creating their own. some of those turned out to be incredibly successful. kevin spacey said the show he was on never would have been created without something like netflix. they are changing the game here. the valuation is what we're betting against, but it's hard to get naked short and buy outright options. i'm declined to stay with this for another opportunity spread. >> we're talking of changing the game. dan, wh

a huge options bet today has the entire market buzzing. who was behind it, and what's the best way to cash in? we've got a special report. >>> and housing stocks are starting to mount a turnaround. >> every dog has his day. >> is a full blown rally ahead? we'll give you the moves, when "options action" returns. [bell rings] ♪ time and sales data. split-second stats. ♪ its so close to the options floor, you'll bust your brain-box. all on thinkorswim, from td ameritrade. sweater, extra sweater oh and this is the xfinity tv go app. he can watch live tv from over 50 channels and xfinity on demand movies and shows wherever he wants. have fun, make some friends. alright? did i mention his neck pillow? (blowing) ♪ [b♪ll rings] time and sales data. split-second stats. ♪ its so close to the options floor, you'll bust your brain-box. all on thinkorswim, from td ameritrade. >>> you really find a lot of riff-raff in times square these days. it was the biggest options trade of the day. a huge bet on herbalife. tell us what this is all about.

a huge options bet today has the entire market buzzing. who was behind it, and what's the best way to cash in? we've got a special report. >>> and housing stocks are starting to mount a turnaround. >> every dog has his day. >> is a full blown rally ahead? we'll give you the moves, when "options action" returns. ♪ [ bell ringing, applause ] five tech stocks with more than a 10%... change in after-market trading. ♪ all the tech stocks with a market cap... of at least 50 billion... are up on the day. 12 low-volume stocks... breaking into 52-week highs. six upcoming earnings plays... that recently gapped up. [ male announcer ] now the world is your trading floor. get real-time market scanning wherever you are with the mobile trader app. from td ameritrade. when the world moves, with the mobile trader app. futures move first. learn futures from experienced pros with dedicated chats and daily live webinars. and trade with paper money to test-drive the market. all on thinkorswim from td ameritrade. >>> you really find a lot of riff-raff in ti

sports betting unregulated is a debacle. it's horrible, because it puts money into the wrong people's hands. the nfl are a bunch of hip ochris. forget about brain injuries. they're hip ochris on gaming. they want to get into fantasy football, which they're in full square. every sunday when you turn on the various channels that support tv footballs, think talk about the lines and who is the favorite. why should nevada and delaware have a monopoly? it's a states rights issue, and i'm a democrat talking about states rights. when we passed an amendment in new jersey, they overwhelmingly supported it, governor christie and the democratic legislature put their arms around it, and we got defeated by the nfl. there's a bill that was just on a governor's desk to -- >> how does the nfl defeat it? >> they went to court. we had ted olson in our corner. >> the attorney general, exactly. and the supreme court rejetted cert, which we applied for. the issue is not over. i think we're just starting to get into the -- because the nfl can't ma

talk about a bullish bet. some big money betting on big moves in the emerging markets space in the future. >> susan, thank you so much. will the bulls be right? carter has made his way to the smart board. >> there's a lot to look at. let's try to figure it out together. the first thing is the setup. emerging markets have not participated to the extent that the u.s. market has participated over the last five years. this is essentially a five year part juxtaposing s&p 500 with eem and obviously it's the spread that is quite incredible meaning we haven't had the lift that we've seen here in north america. so is the strength of the past couple months a foreshadowing of a bit of a catchup here? we think it is. let's look at some charts. standard one year chart. nice steady up trend. tracking its line and no problems, if you will. yeah? nice channel, if you will. so here's the issue. we're right back to the top. do you break out here or not? this 45 level, keep that in mind. look at here's our line again. look at th

>>guest: in the great question we thought it was a great title because their verse several bets placed at the start of the election. rewrote the book in realtime and published electronically as the campaign went on so we did not know how the booklet and when we began writing and publishing. may after the election we collected into the physical book your holding we needed at title that would be flexible matter the outcome. but what barack obama faced as a gamble was the slowly growing economy. was that the nav? what about mitt romney? should be pointed out obama had not destroyed the economy to the full level? or something else entirely? and it should they return the incumbent president to the white house that only brought slow growth? that is why they took their chances on the challenger. then the obvious campbell trying to enter the conversation. >>host: ended mitt romney ever have a chance of winning? to an absolutely. yes. he had a chance. but it would be hard always. >>host: we heard a lot about barack obama afield a strategy field officers get out the vote. >>guest: we cover that.

really, the way to make -- if you want to be betting on alibaba, then you can bet yahoo!. otherwise i think it's somewhat misguided. much rather be in google. >> nobody has said amazon. >> when you look at amazon on the screen, everyone bets against amazon. when you look at the revenue number, that's incredible. what would you rather be, a company that did grow rev mys and can rachet back or would you want to see them betting on the next best and greatest thing? >> and taking shares everywhere. >> that's what i think you want. google gives you the valuation at a decent level. yahoo! is a role of the dice on al alibaba. >> it's still growing. >> it is. i don't see the same growth. short term. you've got the core. you also have this alibaba thing. it's hard to discount they have a 24% steak and they also have -- >> why is it buy alibaba? >> you could or you could get the ride that you're getting in yahoo!. a lot of people didn't see this coming. the stock was at 19. guy and i are talking about this stock. i think $44 very easily hit in the next couple of weeks. >> all right.

and she's saying bet wrote the script. and they ac at to that. steven hill who bet's president of music, programming and specially also issued an apology that someone there thought it would be funny. they were been disciplined. we found out the producer of the show was actual suspended. steven hill also said he reached out to jay-z and beyonce to apologize for e joke. so she's dealing with the fallout. bet is also dealing with it. but let's just say let's not make any jokes a bt a young child's hair. okay back to you. >> and a big difference in age but this is also to me very reminiscent of our olympian gabby douglas and everything that happened there. >> right. absolutely rig and i think blue ivy so beautiful. coming o the vma performance it was such a sweet moment with her and beyonce and jay-z and everybody was talking how adorable she is. so let's keep that positivity and not make anymore more jokes about that little child. or any child at all. how about that. >> very positive. good way to end it. shawn thanks so much. we appreciate immateria

i like making a bullish bet here. this is one of the situations where you do have really cheap stocks because everybody is panicked. getting an option gives you leverage out the risk of buying it. >> i think one mistake people make, too, buying the call, they hold on and wait for expiration to happen to finish in the money. basically, what you do here, what i recommend, if you see a pop, russia pull from the borders, things improve, just buy the call and look to sell the call back out later. don't ride it to expiration. trade around it. i think there's a lot of volatility in the market coming up. just owning and waiting for expiration is not the right thing to do, but buy the call to take the profit. >> spread and roll out trades like this. this is one of the situations where the stocks there are so cheap, and i know a lot of value investors who play in emerging markets are looking at situations like russia where they are cheap. there's not a lot of places where you purchase financial assets. >> to mike's point, i did

so all of these are bets longer-term bet, not short-term bets, listening to what they're saying at jackson hole, we're not going to see rates moved up by the fed until 2015 and perhaps well into the 2nd or even third quarter of 2015 and we'll see what that does other than flattening the curve. because global pressure is still down on rates, not up. >> i think that's a good point you make. the catalyst will be a steepening yield curve. fed funds, 43% chance of a rate hike in 2015 at the june meeting. if you take a look at the two-year note, which is more sensitive to rate hikes, that is not moving much. >> we will see the cush flattening, that's what we have been seeing. people are surprised to see what that's been doing. watch the shortened, people, if you look at what's happened to the two an three year, the curve is flattening. the clip as we laid from and talked about the fed trying to be ahead of the curve. will is no way the fed is ahead of the curve. took clear, the fed never ahead of the curve. they will be reactive. the question is, request you have zero fed funds rates with the la

to fulfill the terms of the bet, it was an unusual bet. the loser had to walk from boston to washington in ten days and arrive in time to see the inauguration. now, this was a really arduous undertaking in 1861, the inauguration was in march of 1861. i'm sure it's no walk in the park today, either. i wouldn't recommend taking the interstate. but he walked from boston, set out on february 21st. and, of course, the words were terrible and it was the middle of winter. outside the major cities, there were really no paved roads. in some places, you barely had more than a dirt path to tell you where to go. there were no reliable maps to speak of, basically. when he got to a town rngs he would ask how do i get to the next town. but this attempt to walk from boston to washington really captured the public's imagination. it fascinated people. for a couple of reasons, not guilty a lot of good news in the papers. so westin's walk was really kind of a feel good, human interest story. and as it progressed, as he made his way south, huge crowds would tu

i will use options to make a bullish bet. i think the best way is look out to january at the 110 call spread. you can spend a little over $5. options have been cheap. here it's not as cheap as in some others. the stock is. this the a way you can get nice upside exposure looking out the next four months or so if it continues to rally and you are risking 5% of the stock price if it doesn't. >> i leak the trade this is the trade you like to look at. if you look at the trade and the other growth names out there, i think you can aplooty same sort of structure, calm spread that's slightly out of the money call spread you are trying to get some value here and apply those to growth names that have had a tremendous run, those there have had the same value and roundedness that gilead has. >> the stock is steep day-to-day. it's not a mature move. it's a steep intermediate move not so ma cure to suggest it's exhausted. >> is there is some upside. >> we think so. the markets is held up surprisingly well, some options traders are seeing mo

however to bet on the machine you need to pony up $500 every time. a lot of money. >> sure is. >> thinking about betting real big in atlantic city it's not the same place it used to be. >> harry smith tells us how the city is struggle and what it is doing to reinvent itself. >> reporter: strolling down atlantic city's aralon mm'saytois sp r salatfy. nearby, kids play in the surf. donald johnson knows there's something wrong, he works 16 hour days and has done so for seven years. >> the tourists here for obvious reasons, canopoinupll over the country. >> reporter: three of the city's dozen casinos will be closed by this fal a fourth is in trouble looking for a buyer. at stake more than 8,000 jobs. in office just six months, mar don guardian knows the city rode its bet on gambling far too long. >> how hard a hit is your town taking right now? >> it'sicing a very hard hit. this is a town where all o eggs were in one basket. >> reporter: gambling was legalized in atlantic city in 1976. it was supposed to be thent dote to decades of decline. >> overnight

they are betting against volatility. we haven't seen them that against volatility rising since january when the had the emerging markets. >> bond markets are telling us a different story. treasuries are down for seven consecutive weeks. >> the biggest weekly decline in seven weeks. citigroup's economic surprise -- , measuring gauge data that beats and data that mrs.. >> data above and below forecast. it is the highest since february of this year. perhaps reason to circle. >> at the arch dove come of the queen of doves, the fairy godmother of the bull market has yet to speak. >> keep the pension fully invested. diplomacy is intensifying and a convoy is poised to move. finally settrucks to cross the border into ukraine as world leaders step up diplomatic efforts. our international correspondent, hans nichols, joins us from berlin. do we have any confirmation on when these deliveries may begin? expect it to happen later today. what is happening on the ground is these convoys are being inspected by red cross officials. they

he was never foun found guilty f betting against his team, he bet on his team, we forgive as a nation, that is a great characteristic of this country. but, pete rose, he should have been forgive in, yeah. all right, my next investment idea for the day coming up, company includes handset receivers from mobile communication market, fundamentals look phenomenal, i think the best at work making. we'll be right back, i'm going to try to make you a lot of money. your 16-year-old daughter studied day and night for her driver's test. secretly inside, you hoped she wouldn't pass. the thought of your baby girl driving around all by herself was... you just weren't ready. but she did pass. 'cause she's your baby girl. and now you're proud. a bundle of nerves proud. but proud. get a discount when you add a newly-licensed teen to your liberty mutual insurance policy. call to learn about our whole range of life event discounts. newlywed discount. new college graduate and retiree discounts. you could even get a discount when you add a car. call liberty mutual for a free quote today at see car insuran

that's why karen was betting against it. it was a bankruptcy on some levels. >> can we talk about nordstroms for a second? they revealed the price of trunk club $350 million. it will be diluted for several years. it sounds like a small transaction, yet a big impact. is that crazy? >> you might be crazy which might have nothing to do with it. it seemed very expensive. the multiple of sales was high. it is that odd to be that diluted. four-and-a-half times sales i think they said. it's an interesting concept. i go es the street didn't like that. also i think because of the share buyback, them raising the guidance on the eps looked a little better just because lower share count. so maybe the actual earnings dollar amount wasn't higher. >> did you buy clothes in the mail? >> i never did in my life. >> i think north stroms had such a huge run. they had to say everything exactly right this quarter. this opportunity to buy, it's probably going to take place 63-and-a-half, 64. macy's, we said yesterday, it turned out to be correct i

residential instilling a, and elon musk behind it i would not bet against it. liz: google, teaming up with barnes & noble to take on amazon. same day books, to your house, or your business, this market amazon dominated for years, st-rstart with hitha. barnes & noble, they closed two closest ones on my house i was so annoyed. can they do this. >> i would say if they did this three years ago it would have gone a great partnership. the problem, it is a little too late,. too little, they are not on same scale azam john, they don't -- amazon, they don't shop google enough. >> this is a game changeer, i went on there today, you sign up for this maybe, free shipping, i can order a book 8 a.m. and by7 p.m. it is there. >> who reads books any more. >> i want a drone dropping a book off thank you. >> barnes & noble closed is a stores this year, nook sales are down 22%. 22%. >> who still reads books? >> i still read books,. liz: amazon moving lower because maybe people are waking up to the p/e ratio is cookie. but i love amazon. >> google teams with barnes & noble, for sa

. >> if they had bet with you, they would have lost that bet. is that correct? >> that's correct. >> and you currently are offering a bet on sea level rise. would you tell the committee about that? >> yes. i'm looking for someone who would be willing to bet $1,000 on the sea level increase for the year 2024 in charleston, south carolina. >> and -- >> the rate currently is around 3.15 millimeters. i don't know how they do that to the nearest hundredths of a millimeter. can you do it mathematically. i don't know how you can do it scientifically. i will bet that the rate in over ten years from now is not over seven millimeters. if 57 millimeter rate starts now and goes to 2100, it would equal about a two-foot increase. many people are talking about a 14 millimeter being equivalent to a four-foot increase. so i'm essentially betting that for the next ten years, it will be not increasing at a rate that would equal a two-foot increase by the year 2100. but i'm not going to be living that long so i can't win that bet. >> well, would this bet apply to your heirs and ass

your best bet is stay with frankford avenue. so, frandford avenue, runs parallel here to torresdale. and that's the way to go. however, torresdale avenue is also the route for the 56 bus. so i just talk to septa. anyone going eastbound, the bus also gun levick, to frankford, and back down nor if you are coming the opposite way, will use nor to frankford, and back down. septa bus also even use frankford as the at that the. again, until the investigation is wrapped up, at least for the first half of our morning rush hour. i95 looking good coming out of northeast philly, no problems there at girard avenue. all of the bridges look fine at the moment. erika, back to you. >> bob, thank up. all right, will he or won't he? hear what pope francis is saying about visiting philadelphia next year. and, other possible destinations. >> and don't sabatage your work out whenou the problem. >> a philadelphia police officer shot by gunmen overnight shot this morning with graze wounds to his head. >> this happened after police respond today a call

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so westin, to fulfill the terms of the bet, it was an unusual bet, the loser had to walk from boston to washington in ten days and arrive in time to see the inauguration. now this was a really arduous undertaking in 1861, the inauguration was in march of 1861. i'm sure it's no walk in the park today either. i wouldn't recommend taking the interstate. but he walked from. go. set out on february 21st. and of course the roads were terrible and it was the middle of winter. there were no paved roads at all and in some places you had barely more than a dirt path to tell you where to go. there were no reliable maps. when he got to a town he would have to ask how do i get to the next town. but this attempt to walk from boston to washington really captured the public's imagination. it fascinated people. and i think for a couple of 40l@7÷qh;7o&i!vvÑkÑ:nf0-k4ek(

in december, we get a new 15% online betting tax. they finally got themselves into gear to do a digital presence. 160% housecking up in 157%. ireland, two.n in march, he'd have a great world cup like the hotel industry is had. -- has had. >> who has their fact of the day? that rory mcelroy was winning. but that was 200 kuwait at 500 to one odds in 2004 that his son would win the british open within 10 years. ladbroke's 100,000 pounds. it could cast him another 80,000 pounds. that is a big loss for ladbroke's from one bad. in horse racing as well. they did have a better grand national and they started to see a bit of improvement with the world cup. the chief executive is under pressure. they're well-positioned for growth. >> will keep that in mind. russia is never far from our news. a convoy is on the way to the ukraine. it is part of an international humanitarian effort, not a military operation. ryan joins us with more. ryan, i suppose a world will be but thiso hear this, is not military by cloaked. you know the united states, the e

. >>> ladies, i know you all consider yourself to be smart, intelligent women, but i bet this new show makes you look like idiots, it's called "idiot test," that's ben, the host, he stopped by a year ago, a kmeed yap, actor, a funny guy. >> if you get it right, you get the money in your bank, but if you're wrong, you get zero money, and i'm probably going to make fun of you. just so you know. >> all right. >> classic game show format, teams of two people on either side presented a picture, a simple picture. you got to pick the right answer, and the faster you pick the answer, the more points you get. >> what would the briefcase fit inside? >> locked in with 180 on the money meter, and read the question again. >> what would this briefcase fit inside. >> an airplane. >> usually. >> even if you know the answer, you do it so fast, you second guess your insingt and that does you in. >> to tell us about the show and who get the easy questions right and wrong, we have the host. who claims i'm the smartest and look like idiots? >> we have a lot of scientists, and people had a harder time than

talk about a bullish bet there. as you see, melissa, some big moves in the emerging market space. >> so will the bulls be proven right? let's call to the chart master. carter, what do you see? >> there's a lot to look at and let's try to figure it out together. the first thing is the setup here, which is to say emerging markets have really not participated to the extent that the u.s. market has participated over the last five years. here it is visually. this is a five-year chart, juxtaposing the s&p 500 with emm, and obviously, it's the spread that is quite incredible. meaning, we haven't had the lift that we've seen here in north america. so, is the strength of the past couple of months a foreshadowing of a bit of a catch-up here? we think it is. let's look at some charts. so standard one-year chart, nice, steady uptrend, tracking its line. and no problems, if you will, yeah? nice channel, if you will. so here's the issue. we're right back to the top. do you break out here or not? this 45 level, keep that in mind,

one of the biggest carriers is betting that the way to get them is through the bellies. cnbc's phil lebeau has the story. >> i like that marketing line, tyler. when was the last time you saw an airline actually increase its food service, even adding them to? flights, well, that's happening with united airlines. yesterday in new jersey, the airline gave us a peek at what it's going to be offering in business class starting next year on those flights for those flying in business class or in first class on flights of at least 800 miles. in the past some of those flights did not have food service. now they'll be offering that and revamping what they're offering in business class later this year, adding salads, wraps, a number of new items as they try to spice up the menu. >> menu fa teak is probably the biggest issue. i'm already going to start weeping it clean, because we'll have to in about nine months a year reinvent the wheel and start from scratch. >> for years we've seen airlines shifting menu plans. it's basically down to here is a tray, take a banana, a bag the peanu

some are betting the stock has more room to run. i'd rather have a martboard rather than a dumb board? >> i hope so. today we saw over four times the average daily volume in marathon petroleum. what they were doing is buying the september 90 calls that's up about 5% by september expiration. that's what the goal is. why might they be doing something like this? they just announced earnings at the end of july they comfort aeblg beat a name trading les then ten times earning on an ebitda basis. both look good on a liss torical valuation, when you take a look at the downstream energy companies like marathon, the thing that matters most is going to be the crack spread. right now the crack spread is trading at a three-month high. >> we can catch more "options action" every day at 5:30. check out our when site at optionsaction.com. >>> you tweeted. guy, what are your thoughts on facebook breaking out of the 73 range? >> facebook traded down to 59. i said it was unjustly punished when the rest of the social media spots got whacked. i thought

traders are betting on even bigger declines here. dan is at the plaza with more on this. dan. >> a lot of weird action today. we will talk about the s&p oil and gas etf. there was a lot of put action in the xl e. really, i just got to talk about the s&p here. it traded four times the afrl daily. most of -- average daily volume. a trader sold 15,000 o. august '79 puts after $5 in a quarter. they used the proceeds to buy 15,000 o. september 73 puts. that was when the stock was 7362. likely a protection trade. when you see that sort of roll out and down in put strikes, it's probably protecting maybe a basket of stocks or positioning. i want to look at the cart right here. when you look at the sop this is the one-year cart. this stock got down to that level where it broke out early in the year. i want to make one other point about applied volatility. near 52-week lows. you know, there was a good roll in extending the protection. >> all right. thanks, dan. we come right back. stay tuned. in a world that's changing faster than ever, we believe outshining the competition tomorro

he succeeded, won the bet. again, along the way, huge crowds in buffalo,eeie, when he got to chicago, an estimated 25% of the population of the city was waiting to meet him. this really solidified his reputation as a celebrity, sent athlete. est westin the walker. the name westin became synonymous with walking. he was a clever guy. after this, his fame at a peak, he decided to take his act indoors. '6 in the early 1870s, roller skating became a very popular sport. general sherman was a big fan. towns and cities began building roller rinks, places where you could go roller skate. nice, flat space. he would stage walking exhibitions inside roller rinks. he would attempt to walk 10 miles in 24 hours. he would pull into town, hire a band and do these walks and tows of people would come and pay ten cents apiece just to walk him walk in circles on the floor of these roller rinks. sometimes, the lap was so small, it was 50 laps to a mile. but he just walkeded continuously. he had amazing endurance and also an ability

so, westen, to fulfill the terms of the bet, it was an unusual bet. the loser had to walk from boston to washington. in ten days and arrive in time to to see the inauguration. now, this was a really arduous undertaking in 1861. i'm sure it's no walk in the park today either. i wouldn't recommend taking the interstate. he walked from boston and of course, the roads were terrible. it was the middle of winter. you never really had a dirt path to tell you where to go. basically, when he got to a town, he would have to ask how do i get to the next town. this attempt really captured the public's imagination. it fascinated people and i think for a couple of reasons. one, winter of 1860, 1861, not a lot of good news in the papers. southern states were succeeding, war was imminent, and so, his walk was kind of a feel good human interest story. as he made his way, huge crowds would turn out to watch him walk through town. people would wait for hours in the cold to see westin on the horizon slowing making his way to town and bands would come out and play. he was

big bet on a drug that treats a rare long disease. the fda has already designated the breakthrough category. it has got a lot of pricing power. it is a disease that kills about 40,000 americans per year. the other reason is this is -- gets roche further. the asthmao build jokes a section of the business. the third reason is this is exactly the kind of old on acquisition we knew that roche and a lot of other players in the industry are looking to do instead of paying a billion dollars without any guarantee, they want to buy up their pipelines and buy jugs in late stage development. that is what they have got here. this drug is already on the market. it is a guarantee for you much that it will yet the green light in the u.s. about a billion dollars by 2020. >> what does that say about the price? what are people paying lately? what struck me was all cash. that is interesting. >> yes. roche has a lot of cash. their cash flow for the first half of the year. they have got plenty of money. we knew they wanted to do a deals. the rumors were t

bet you didn't know there was one of those. the two-day competition is billed as the biggest event on any piping fan's calendar from 16 countries including the u.s. and given that i assume both of you had that marked on your calendar since you are huge pipe fans? >> i have irish blood on both sides of my family. >> i did not know it was that competition, but beautiful music. >>> ahead on "cbs this morning," an airline disaster more than a quarter century ago inspired calls for change. why does the government still allow a potential safety

>> yeah, you bet. let's do this. to america and germany. drinking the best beer on the planet. [laughter] yep, it will do that. >> this is terrible. >> uh-huh. sure is, terribly good. >> i'm so sorry, but i can't drink that. >> okay. so that's not you speed. all right. why don't you traw a strawberry-rita. >> we have a good frirng but you can't force that on me. >> so the beer summit didn't work, but there's one more idea that could fix all of. this let's do the trust exercise. did you ever do the trust fall. stand up, turn around, turn around. you have to trust me. now close your eyes. just close your eyes and you're going to trust me.

harris: i wouldn't bet against her. or any of my students reaching for their dreams. >>> 5:43, full sunday, hoping for nice monday. >> absolutely, we can expect to keep high pressure on our side throughout the course of the day today. see it is not bringing us anything in the way of wet weather at the moment. we continue to keep high pressure, so clear skies, however, off to the west, there is another frontal boundery that's eventually going to roll through. when it does, it is going to potentially brings us shower or storm. but that wouldn't be until wednesday. so you have time to kill before that's an issue. meanwhile, tropical storm cristobal has formed. and currently it is well off to the south, current and central pressure at 994 millie bars, lower the pressure the stronger and more intense a storm will be, but, we do expect that eventually that pressure will lower, the win also going to increase, and as a result that far, dow think that we will eventually see this become a hurricane, looks like that would happen b

preferred seemed like a really good bet. and it's leading the fixed income tables, about 12% on a total return basis. i usually talk about pff, that's still my preferred way to play, the lowest cost eft in the space. it's liquid enough can you buy it in size as well. i think it finishes -- >> preferred way to play preferred? >> it's a 7% year old >> i caught that, too. >> better than the yields you're going in high yield. >> what do you like? >> macy's. we covered this a lot when they came out with earnings, missed, and the stock got hit pretty hard. the stock has literally gone straight you said since then. it hit a new 52-week high today. i think macy's is the best name out there. i think this momentum continue it is. >> pete? >> maybe there's a chance for it in the near future, the communications networking names. some of these names, absolutely the lack of performance is unbelievable, but maybe that's the next rotational area that people are going to. had a lot of option activity out there yesterday. make me start to thi

your best bet, though, is stay clear and use frankford avenue. frankford avenue, runs parallel to torresdale, and that's going to be your best bet. and torresdale avenue, also, is the route for the 56 bus. so, we're waiting on some confirmation from septa as to where that 56 bus, and how they're going to reroute the bus, whether it will go all the way to up frankford or stay on one of the local side streets. hang tight there. we'll have the information as soon as it pops over. live look at i95 right near philadelphia international airport where they are paving the northbound side, and only that far left lane is open, on 95, as you head north up toward the airport. but otherwise the rest of the majors kind of quiet. off to good start, this morning, katie, with no delays on the roadways. but, what's mother nature going to serve up for us today? >> not looking bad. yesterday really nice, today generally speaking another real nice day, what i would say an even better pool day for you, because it will start to feel little steamier, definitely, more li

company is betting big eared all this can be used for a new record price of over $200,000 per share of berkshire hathaway. yes. harvard university professor martin feldstein warns on possible excesses in financial markets and why that is angering several economists. the former reagan economic advisor joins us at 9:00 a.m. bacon and states of refer? which do you it might be an indicator of your politics. prime minister nouri al-maliki has agreed to step down. he will be replaced i haider al-abadi, who has been backed by the united states and iran. somecola is swapping innds and taking a 70% stake -- 17% stake in monster beverage. alibaba will not be able to publish results on time. a will go public next month. the unrest in the wake of a shooting of a black teenager in new policeissouri, a commissioner hopes to turn things around, but the question arises, why have local policemen armed as if they are in -- police been harmed as if they are in a military zone. phil mattingly, this has gone on to washington. is there a single definition for why local police forces have been using military

. >> coming up, coax monster deal, betting big on the future of monster deal, betting big on the future. >> you will hear from the ceo of pemex coming up. ♪ itsoca-cola is pumping up business with a 17% stake in monster beverage. the deal tightens the bond between the two companies. they will share marketing, production, and distribution. bill chappell joins us now. bill, you have a bye on both these stocks. who do you think this is better for? >> it is better for monster. from the size and scale and what it does in the near-term. it really transforms the market. it transforms their profitability overseas. it validates their market in the u.s. by having coke make this investment and invest behind the energy drink category for the long-term. i think they are the big winner. coke will see a lot of benefits over the next few years. problems of lot of its own. people are drinking less soft drinks. it seems that what kind of desperation can learn about this from coke? >> maybe you can look at it the other way. if coke was fully desperate, if they really need something, they probably would

the only person to bet on now is china. because they're mopping up. they're the one country that refuses -- of size that refuses to touch anything the west is doing here and happy to take a better build from the russian whose need splun to work with. >> i'd like your immediate reaction to a headlines just moving. may not have had a chance to see upward that the ukraine foreign minister will meet with russia's lavrov in berlin on sunday. do events like today have the chance of actually forcing some sort of diplomatic solution quicker than an escalation and nor fighting? >> well, look. there's no question there's ban deal to make work all the way through, which is you have to have the ukrainians back off of the separatists in donetsk and move on. the russians have veto power and overwhelming influence over the southeast. the ukrainians have been unwilling to accept that with good reason. that might end to the power of poroshenko as president. if he doesn't understand, the russians are not bluffing, prepared to go to warp if they need to. that is absolut

i feel if you want to make, you know, a bet about a protracted strength of the dollar then just bet the dollar. why go through -- you can use etf. we were talking earlier gdp. >> when you talk about the dix or edp, about 60% is the euro. you are making a euro bet. i am long euro for a very short-term trade. if you saw today, it bounced off a key level. i think in the short term, the next fortnight or so. >> whoa. >> a stone's throw. >> the dollar is mildly interesting here. maybe. but let's talk about the equity markets. possibly. you know, but here's the thing, you know, the dax is down 10%. if the s&p were down 10%, they won't know what to do. the s&p is marked down 10% get in there. you ask is the u.s. a good place to be. u.s. equities remain a great place to be. tim brought up a big move in brazil and clone, i actually think some of you guys may fall of your chair here. i think you stick with the s&p 500 until we get the moving average at 1863, which it has not been below. the u.s. is strong. >> only what 3% off the record? >> i'm saying. listen, the u.s. is down 10% there is nothin

investors around the world are freaking out about russia, but could the russian stock market be your best bet? >>> and we'll tell you how to protect yourself. >>> and what does new york's most famous deli have to do with "options action"? we'll tell you. "options action" starts right now. >> mandy drurry standing in for melissa lee. a key test next week, one key group we still have to hear earnings from, the retailers. macy's, kohl's, jcpenney. let's get in the money. by the way, i never doubt the power of the u.s. consumer. >> well, maybe i'm a little bit more of a skeptic. that was a pretty mixed bag of retailers reporting next week. walmart, macy's, nordstrom, they're not the same thing. we did have the minor uptick in the unemployment sector, and mcdonald's, not so good. but the american consumer seems pretty tapped out right now. unless something comes along to put cash in their pockets, i don't see how they can fuel a rally. >> when you say tapped out, do you mean across the board? >> i'm saying the working middle class, the people shopping at target and kohl's. >> well, the ten-year in