it's already priced in perhaps. >> mike khouw, excellent point on valuations, so what are you thinking in terms of the trade >> it's the best house on a bad block. you can have good management, a well-run business, but this isn't a situation like apple versus blackberry where consumers are trying to choose ultimately when the price is better it could move some of those deposits just really in a tough business and a tough environment, so i'm not a buyer. >> all right mike khouw thank you very much for that on the trade, and of course carter and scott as well. >> coming up, are home builders trading on a strong foundation for everything "options action" check out our website and newsletter more "options action" coming up after this thinkorswim® by td ameritrade is more than a trading platform. it's an entire trading experience. with innovation that lets you customize interfaces, charts and orders to your style of trading. personalized education to expand your perspective. and a dedicated trade desk of expert-level support. that will push you to be even better. and just might change how

mike khouw, what's the trade when it comes to what you're doing with the u.s. dollar >> the interesting thing is i was taking a look at silver. often times when we're thinking about what's going to happen to current si, whether we have a lot of inflation as currencies weaken, we think of the metals, industrials and precious metals rallying now, based on what he was just talk about, you might think that the rally that we've seen in silver recently in that case would be done. my thinking is we might still have upside. lyme long slv. if you're not, the question you're probably asking yourself is, do i want to chase it here, and why would i be interested in doing that i think right now, the fed is really trying to navigate a very sticky situation, and while we are looking at these conflicting data points of inflation versus employment, the fact is they have other things to look at, what are the rates including the fact that the government has taken on tremendous amount of debt over the course of the last several years, and that is going to create some real pain if

mike khouw, any thoughts there >> i think that's a good way to play this. i don't think we've seen a near-term bottom for tesla when i take a look at the charts i could see potentially 145-ish in play if we take a look -- i understand why it's tempting to reach out and buy this stock considering it's down more than 50% from its all-time highs, but the valuation isn't entirely cheap. i never want to count elon out i never want to count tesla out. i think they make good products and he's arguably the country's best entrepreneur, but it just feels heavy to me. and i wouldn't be reaching out and buying the stock and understanding i don't think it's going to get a near term bound >> it feels heavy to mike khouw. carter, does it look heavy based on the charts? >> here's the circumstance we know it peaked two months prior in the s&p it's a 60% decline its relative performance is atrocious, but at this point it's just as scott is describing likely to back and fill and sequence sideways before ultimately going lower no discernible directional trade in my eye. >> any

on the desk tonight, mike khouw, brian sutland and special guest, guy adami. action this week, amazon, southwest, t-mobile, lyft, and charge point let's start off with lyft. shares down nearly 75% this year mike, what has the action been here today >> yeah, we saw the stock hit its lows for the year on wednesday, and then it bounced really hard. we saw a lot of bullish activity going on in lift women saw a purchase of 50,000 of the january 11 call spreads, making a bullish bet, risking 50 cents or so on a bet this thing could get up to 12.5 by january expiration, which is three weeks from today what's going on here -- this is an interesting case, because 2023 is going to be a really important year for lyft. it's going to be the first year where the company is going to see positive earnings and positive free cash flow. at least that's what the street expects. if it does, we're looking at a company trading forward if it gets to that income. >> brian >> lyft earnings are february 8th. i'd be playing february options. the the stock is going to move higher -- seems

i'm frank and here are carter worth, mike khouw and we look at notable stock options. boeing, amazon, tesla. we've had big volume in etfs, representing the s&p, government bonds, industrial sector and high yield corporate bonds let's dive into it as we head into the holiday home stretch. best buy and dollar tree spending the better part of tw years diverging but the options market thinks they're about to trade places mike, you have much more on the big trade. >> yeah, there was a lot of activity in both of these names. let's take a look at dollar tree dollar tree traded more than 50% average of put volume. what we saw, 9,000 of the february 145 puts. some people might think the dollar tree is one of these names that would be a good place to go if inflation went to a retailer this is a company that's true, fresher margins. it seems like somebody sees at least 9% plus to the down side over the course of the next couple of months best buy, i'll get to that real quick. i know carter is going to come pair and contrast these. march 67 1/2, we saw that go 3,000 by 6,000 for $

on the desk tonight, carter worth, mike khouw, and tim seymour. today was expirations day for more than $2.5 million worth of trades and the activity on tuesday, wednesday, and thursday were off the charts on macy's tomorrow is super saturday in what could be a break for retailers who are swimming in inventory? super saturday is tomorrow after a promising fall mike, what you are seeing there? >> as you would expect on a week line this one, we did see bearish activity but there were a couple spots with launch bullish bets in the retail space. macy's is one of those names saw a buyer of the january 23-25 call spreads we get a lot of retails sales data ahead of that i think what's going on is there is some optimism, some people hoping for a retail bounce this is a way somebody's able the risk less and going out and buying a million share of stock, which is how much this trade represents to make a bullish bet. >> carter, what do to charts say to you >> if there ever were a gambling children i would say that it that way, macy's is it the price is the s

on the desk tonight, carter worth, mike khouw, and tim seymour. we begin with a monster week in the options market today was an expiration day for more than $2.5 trillion worth of trades and tuesday, wednesday and thursday activity was off the charts according to our traders. tesla, nvidia, warner brothers discovery coinbase and more. let's drill down first on macy's tomorrow is super saturday on what could be a make-or-break for retailers. super saturday is tomorrow after a promising fall it's been a long december, though, mike so what are you seeing there >> as you would expect on a week like this one we did see a lot of bearish activity in several places but there are a couple spots where people were making really large bullish bets in the retail space macy was one of these names. we saw another now the company is going to be reporting after that expiration but of course we've got a lot of retail sales data ahead of that. some people hoping for a little bit of a retail bounce here. this is a way someone is able to risk considerably less >> cart

on the desk tonight, carter worth, mike khouw, and tim seymour. we begin with a monster week in the options market today was expirations day for more than $2.5 million worth of trades and the activity on tuesday, wednesday, and thursday were off the charts. take a look at some of the notable stock names -- tesla, nvidia, macy's and more. investment-grade corporate bonds. let's drill down first on macy's tomorrow is supe saturday in what could be a break for retailers who are swimming in inventory. super saturday is tomorrow after a promising fall it's been a long december, so, mike, what you are seeing there? >> as you would expect on a week line this one, we did see a lot of bearish activity but there were a couple spots with launch bullish bets in the retail space macy's is one of those names we saw a buyer of the january 23-25 call spreads the company is going to be reporting after that expiration. we get a lot of retails sales data ahead of that i think what's going on here is there is some optimism, some people hoping for a retail bounce this

khouw, i saw you do out, apple or tesla over three years. which one would it be. we'll talk about apple later on in the show. but what else are they going to get the growth from? service revenue is the catalyst and that is enough, and in three years who will see the biggest gains? >> in terms of revenues? >> stock price. >> well tesla will outgrow apple over the course of the next three years in terms of revenues and earnings does that justify the current multiple, i can't say. but a big distinction when we look at a company like tesla relative to every other auto manufacturer is the infrastructure issue they have the supercharging network and nobody else does if you drive electric vehicles for any distance, and we have two of them in our household, coy tell you this makes a big difference one of them is a tesla and having the supercharger network is a big deal. i don't know that people are factoring that in. i think it is helpful for ford they'll sell evs but it is not huge revenue growth so their stale a car maker and working within the de

. >>> mike khouw has the options action. >> on the heels of that disappointing news, we saw two times the average daily put volume one of the early trades was a purchase of 1,000, the buyer paid $1.21 that buyer betting paramount could fall another 5%. >>> all right. obviously what bob says raises concerns about all the media properties, tim. >> i think the cyclicality around the ad business and these streaming company. it's a trend nobody wants. it's the first one to rally back it's just not time i think we talked about some of the issues with netflix and why that's a very different story. of those, i do think you want to own disney >>> mike khouw, you won't want to miss david faber's interview with paramount tomorrow at 10:00 a.m. eastern >>> and for more "options action" tune in 5:30 on fridays. up next, final trade hello, world. or is it goodbye? you know, it seems like hope and trust are in short supply. [clap] now, as businesses we can blame and shame. or... [whistles] we can make a change. [clap] we can make work, work for our communities. create more equal opportunities. [clap

mike khouw for more option action tune in friday, christmas eve, 5:30 p.m. eastern time. >>> what the central bank did in japan to send the yen surging. and tesla heading lower and lower. are there any red lights in sight. the traders are digging in when "fast money" returns. >> get your trades to go with a "fast money" podcast catch us any time, anywhere. follow today on your favorite podcast app. we're back right after this. power e*trade's easy-to-use tools like dynamic charting and risk-reward analysis help make trading feel effortless. and its customizable scans with social sentiment help you find and unlock opportunities in the market ♪ ♪ a cyber-attack can grind everything to a halt. cisco security keeps your company moving forward. because if it's connected, it's protected. cisco. ♪♪ for skin as alive as you are... don't settle for silver. harness the power of 7 moisturizers & 3 vitamins to smooth, heal, and moisturize your dry skin. gold bond. champion your skin. >>> welcome back to "fast money. another check on the markets today. stocks clo

mike khouw has the action. hey, mike. >> so snap traded over 1.7 times the average daily call volume. the businest options were 6600 trade for 16 cents that part of 45,000 and buyers betting that snap could get back above 150 by this week and pinterest and that did hold on to the early gains today. >> bonawyn, do you like any of the social stocks? >> yeah. given the back drop, i think if tiktok were to be banned i think it is a boon i think snap probably has like the closest in terms of what the actual consumer offering is. >> all right mike, thank you. mike khouw for more "options action" tune in friday at 5:30 p.m. eastern time. >>> up next, final trades. you ok, man? the internet is telling me a million different ways i should be trading. look! what's up my trade dogs? you should be listening to me. you want to be rich like me? you want to trust me on this one. [inaudible] wow! yeah! it's time to take control of your investing education. cut through the noise with best-in-class education resources that match

mike khouw, what did you see >> two times the average daily options in netflix it was the second busiest single stocks option tracks notionally. 320 strike calls we saw over 50,000 of those trading for about $3 buyers risking a little under 1% of the stock price betting that the rally in the name can continue. >> courtney, do you like netflix? >> i'm a little more cautious on netflix. it's done well but it is still an expensive stock it trades at 33, 34 times earnings and it is a media company. it is in this phase where there's a lot slower growth than they have in the past. i don't know if you can justify having that high of a multiple i think it's great they have an ad supported tier. staying at this higher level, it doesn't come down, you are going to see this hitting customers. if they are going to stay on netflix, how is that going to affect them so much in the long run to justify such a higher valuation. we have exposure i'm not adding more to it now. >> mike khouw, thank you for more "options action" check out the full show tomorrow 5:30 p.m. eastern time. >>> coming up, are iesrs

mike khouw >>> still to come, a christmas version of so bad it's good. we will hear why one of our traders think there is a beaten-down home builder that is so naughty it could be nice in the new year. >>> next, julian emanuel joins the desk his must-see market call for 2023 after this break. "fast money" comes right back. >>> get your trades to go with the fast money podcast catch us any time anywhere follow today on your favorite podcasting app we're back right after this. with gold bond... you can age on your own terms. new retinol overnight means the smoothing benefits of retinol are now for your whole body. plus, fast-working crepe corrector diminishes wrinkled skin in just two days. gold bond. champion your skin. if your business kept on employees through the pandemic, getrefunds.com can see if it may qualify for a payroll tax refund of up to $26,000 per employee. all it takes is eight minutes to get started. then work with professionals to assist your business with its forms and submit the application. go to getrefunds.com to learn more. >>> welco

mike khouw joins us to break down the action. what caught your eye. >> we were looking at bank of america. that is the tenth busiest amongst financials today some of the action that i was take egg a look at was the january 32 puts, i saw a block of those trade for $1.34 and that were a part of a series of blocks 6,000 of them traded for over $1.30 a contract and i think the buyer is betting on or hedging against a move down to the october lows probably between now and january expiration that is about six weeks away. >> that is mike khouw with the "options action. i just want to put out one quick word here and if we look at some of the these banks, the jp morgan and the b of a are the ones that we talk about but often times the opportunities are elsewhere in some of the banks that i mentioned with courtney with the regionals. is there a compelling that are not jp morgan or b of a or citi. >> i think it is that much more exposed. if we get into buy now and pay later, i think those go to zero. i think the place to be are the money c

carter weather mike khouw and brian, great to have you here. names like boeing, dollar tree, tesla, we've had big volume in etfs including those representing the s&p, nasdaq, government bonds, industrial sector and high-yield corporate bonds. as we head into the homestretch, best buy and dollar tree spending the better part of two years diverging but the option market thinks they're about to trade places you have much more on that big trade. >> yeah, so there was a lot of activity in both of these names, first let's take a look at dollar tree traded more than 50% above average and going into the holidays that comes as a surprise one of the big trades we saw was the purchase of 9,000 of the 145 puts some might think dollar tree is a name that is a good place to go but the opposite appears to be true. it's got pressured margins trading over the s&p valuation so seems like somebody scene's % plus to the downside over the course of the next couple of months also best buy. i know carter will compare and contrast the two the march 67 1/2 put traded i

one trader made a particularly timely bet on the stock ahead of the result mike khouw joins us now. >> we often talk about unusual trading, but we also need to talk about option prices the most expensive options at the end of last week were those of madrigal fpharmaceuticals. it closed out. meaning that they saw profits in the neighborhood of 5 million dollars, in just one trading day. >> not bad >>> mike, thank you. for more options action, be sure to tune in for the full show >>> coming up, the poll has spoken, twitter voters weighing in what musk stpi dn ulepngowcod immediate for the social network and tesla. you ok, man? the internet is telling me a million different ways i should be trading. look! what's up my trade dogs? you should be listening to me. you want to be rich like me? you want to trust me on this one. [inaudible] wow! yeah! it's time to take control of your investing education. cut through the noise with best-in-class education resources that match your preferred style of learning. learn your way. not theirs. td ameritrade. where smart investors get smarter℠. hello

options traders are betting the gains could be bigger in the new year mike khouw has the action. >> on what would be a relatively slow week we did see well above average call volume. ford was 1.7 times its daily average call volume. the we saw over 25,000 january strike calls trade at a quarter and several institutional blocks buyers are betting the rally will continue. >> courtney, do you also like ford >> i like ford it is dirt cheap and they're bringing down their costs, becoming more profitable i do think short term interest rates and vehicle profitability will continue to just be an issue for not just ford but your autos in general so i would wait a little bit here if you're looking at a one to three-year time horizon, absolutely look at ford. >> mike, thanks. we'll see you tomorrow which is the final "options action" of 2022 full show tomorrow 5:th30 easten time. >>> coming up, we'll be joined by chris harvey, head of equity s strategy. >>> and southwest shares flying high today but should investors expect more turbulence ahead the trade when we come right back stay tuned. >>> ge

mike khouw >> i like vertical call spreads in some of the retail names, including discretionary like nike, and i would hedge my bets in fedex with a vertical spread, put spread in this case, though. >> that does it for us in "options action. wereac a bk next >>> my mission is simple, i'm here to level the playing field for all investors. there's always a bull market somewhere and i promise to help you find it. hey, i'm cramer. welcome to "mad money. welcome to cramerica other people want to heamake friends, i'm trying to save you money. my job is to teach, educate, train and entertain. the fed is in full rate hike mode and it's scarring everyone like they're trapped in a burning building which is why the s&p tumbled and 1.11 and the nasdaq dropped .97% first time it hasn't been worse than the s&p in awhile by the way, nice increase from earlier in the day that bad today there is just one problem with the thesis why the heck didn't these people sell. >> sell, sell, sell, sell! >> at any point in thepast year why now? the fed wants to see lots of layoffs to tamp down on inflation and i

khouw joins us now with that action. hey, mike. >> that is one very busy but today it was much busier puts trading nearly four times the average daily volume the single largest trade was 10,000 of the april 3 puts buying about $1.55 and 1.5 million in premium that the stock will go below that strike but the busiest contract with the april 2 puts, nearly 70,000 of those trading and institutional a traders that amc could still go lower. >> thanks, mike. before we let you go, any particular thoughts about amc, either the options or the stock itself >> yeah. i mean, amc, the options and also the debt are suggesting that this thing is in real trouble. it is probably toast and if you compare it to some of the other meme stocks like game stop and bed bath & beyond, they don't have any debt, so it is very story you have debt trading at 11 cents on the dollar and that one is in real trouble too. >> we appreciate it. and tim, we saw a tweet from the amc ceo, suggesting that shareholders could vote to boost the share price. >> won'

khouw has the action on that. >> really heavy volume in the names today. almost four times average daily put volume and we saw the january 22.5 puts and traders risking close to 3% of the stock price on a bet that it will drop at least 20% that is looking right at the levels of support that steve was just talking about >> thank you, mike for more "options action" tune in tomorrow at 5:30 eastern time. >>> up next, the ftx collapse and wh imes att anfor the bitcoin trust. stick around more "fast money" in two thinkorswim® by td ameritrade is more than a trading platform. it's an entire trading experience. with innovation that lets you customize interfaces, charts and orders to your style of trading. personalized education to expand your perspective. and a dedicated trade desk of expert-level support. that will push you to be even better. and just might change how you trade—forever. because once you experience thinkorswim® by td ameritrade ♪♪♪ there's no going back. just look around. ♪♪♪ this digital age we're living in, it's pretty unbelieva