investing soul. >> you were a great panel today. thanks so much. "fast money" is coming up in a few seconds. melissa lee, don't be upset when stocks go down. >> why not? there's always a way to make money. you know that as much as i do. tonight, we're going to focus, everybody is looking at what is going on the with russia and ukraine. we're going to trade that. but also looking at a potential hot spot in the emerging markets. one that could come to a head this week. you want to find out what it is and how to trade it. >> sounds great. "fast money" starts right now. at the nasdaq market site in new york city's times square. our traders are tim seymour, brian kelly, karen finerman and guy adami. apple has taken over your phone, your computer and your tablet. now, it's moving into your automobile, as well. we have details coming up. our top story tonight. stocks rebounding after hitting section lows midday. the crisis in ukraine, weighing heavily on troops. russia is denying reports it

issued an ultimatum. could the crisis get worst? there would be a signal in the markets. we saw that. one thought it wasn't as bad. >> i thought it would create a buying opportunity today. i was wrong. but the s&p traded better than we thought. if you're an emerging markets investor, in eastern europe, i don't think this is the time to buy. and i think there's plenty of things that could get worse. at the end of the day, to oversimplify this because we don't have time to go into this in the detail it requires, russia is looking -- they care more about the sphere of influence in eurasia and less in the g-8. and they feel deceived about the e.u. and the u.s., in terms of the deal cut in the ukraine. they were supposed to deliver the opposition. the opposition breaks down. here we are. >> and let's be clear. it could get worse in that region. but it may not get worse, necessarily, for stocks. >> that's really the question. what's the kind of collateral

damage? ukraine, there's problems there. how much does it affect the local economy? that's what i was looking at today. it wasn't so much an emerging market today. it was a european sell-off. look at the dax index. down 3.5%. the euro stocks down 3.5%. that's where the epicenter of this sell-off was happening today. you have a couple things. one in europe, if they get caught uf from gas. that's what a lot of people are worried about. if oil prices spike higher. that's the collateral damage. as investors you need to worry about in the longer term. >> no surprise. we saw a pop in the base. >> we did take advantage of that. and we have puts and market protection for days like today. it's not like i bought this friday thinking this would happen today. when the vix spikes up, we sell some. you know, this is why we have protection. i think the market reacted really well. you think back to other periods, this same news, the exact same

news, on a different day, would have been good for 300 points down. this was a fairly contained -- some things traded down, that were more closely affected. but traded down modestly. >> these are sectors, in large part, that have had nice runs. and the stocks that gained the most year-to-date, sold off the hardest. >> makes sense. >> there was a reason, to make profits, this could have been it. >> this should have been a worse day. given on friday, given the headlines over the weekend, down 30 on the lows. rallied late. a constructive day. the strength in the bond market still has me a little concerned in terms of what the stock market's going to do. but i think the market held it really well. a couple names that stuck out to me. lockheed martin because of the way it traded. opened on the lows. closed around the highs. that's a pretty good sign for a stock that's been under pressure recently. and having a huge flush in

december, anadarko petroleum. >> tesla is a long way from kia. and this is what you have to think about. this is how the markets are reacting. people sell germany when eastern europe is selling off. they sell carlsberg. a lot of breweries in europe. when you look at the broader market, this has zero impact in terms of global growth. the only thing playing into this today, people started believe janet yellen's comments that she is thinking about the emerging market crisis. bernanke disavowed this. if you look at the treasury band, and think what is going on here? we have a flight to qualitity, or growth has sloun dramatically. or the fed may be in play. >> or think both. and you saw gold move higher today. >> i'll go back to when guy was

talking about lockheed martin. you have defense contractors going higher, gold going higher, and the market selling off, and i know we rally back. but maybe people are thinking this is going to get worse. i do think the trade in this place is gold, number one. that's the place to go. >> let's be clear. you sold ahead of obama's statement on ukraine on friday. and now, you bought today. >> before obama spoke, i took a lot of risk off because i didn't know what he was going to say. i didn't want to buy anything. on sunday night, i bought gold, silver and oil. those are the first things i did. >> let's look at our chart of the day. commodities moved higher today. and there's so many being affected by this particular unrest in ukraine. >> i've been watching this. and commodities are up 16 of 20 days. this is proceeding some of the worst of the ukraine crisis. you look at what's happening. pgm is obvious. they're a flight to quality. but what's going on in yeern europe, you have a case of 50% of the economy of ukraine is

exports. but it's more in salts and ages. we know that historically they've used the ukraine as a way to squeeze europe. watch at least gas. but watch oil. and brent, to me, this is why people are amazed that russia has stumbled into this crisis on a macro sense themselves, oil is not breaking down. it looks like we may be in a place to see a breakout. the crb, which is representative of the commodity complex, you have different things going on. you have coffee. things in the ag space. you have industrial metals. and a lot of people look to industrial metals and say it's not as good as it is. >> crb, we have brent up at a two-month high. and this area of the world is the world's bread basket. it's a major exporter of wheats and barrelly. you saw trades with it, as well. >> wheat up 6% at one point today.

to tim's point, every oil trader is talking to today was talking about the breakout of bread for the potential for that. that's one thing that maybe tomorrow's trade. wheat up today. and prior to this, you saw the commodities. you saw coffee up 65% year-to-date. you saw hogs. lean hogs has hit all-time highs. this happened before ukraine happened. that's going to feed into chipotle, a jack in the box. anybody who has to use the products and hasn't accounted for the run-ups in two months. >> and related to the commodities, you're looking at nat gas disruptions. >> the one trade we made on ukraine getting worse, if there was to be a disruption in natural gas and that europe would have to import it, come back to a company like golar, in the transportation of natural gas. you see the material higher, aye

rates will spike. it's been a monster in light of the rest of the market. however, those options are so pumped now that we sold them. most of them. two-thirds of them. the march expiration. it could get worse. i could feel like an idiot selling them here. but they tripled over the weekend. >> that's a crazy intraday chart there. >> at 2:00, something happened. >> we were talking about this during our call midday. and u.k. natural gas was up. it spiked dramatically. i'm not sure. >> let's get more on commodities and the impact of the situation in the ukraine and russia. on commodities, let's bring in dennis gartman of "the gartman letter." thanks for being with us. we were describing so many moves in the dmodty space. which ones do you hold? which ones do you fade? >> i think you need to hold the grain market.

corn has been strong, even prior to the circumstances in ukraine. i'm surprised by how strong the wheat market was. i think ukraine will be forced into selling some of its remaining wheat. it still has quite a good stockpile. and i think they're going to have to end up selling it quickly. they're going to need money, no question. but the grain markets are very impressive. gold and obviously very impressive. especially the fact that gold has strengthened even more dr a dramadram dramatically, and gold is breaking out in all currency terms. pay attention to that. even though it's not a commodity, pay attention to what's going on in the relationship between the swiss franc and the euro. that's the thermometer that tells you if things are hotting up or cooling down. and you have that cross down towards the 121 level. and that's where the swiss franc said that's our line in the sand. if that line in the sand is taken out, pay attention. it is impressive what's going on in the grain market. the other thing, pay attention to what's going on in copper.

everybody is excited about commodity prices. but base metals is not acting at all well. gold is very strong in terms of copper prices. that's another thing to pay attention to. >> i want to drill down on the gold trade. if this situation in ukraine resolves itself, let's pretend, tomorrow, does that bid higher in the gold market go away? or you say it's impressive where it is -- it's on an upward move no matter what? >> if they resolve things, if everybody stands down and there's no more problems. yanukovich is back in the presidency and putin is off roller skating some place, gold is $40 lower, no question. and to think otherwise it would be naive. it will be interesting to see if gold were to break $40 on the news of some pleasant resolution. do i think that things will be pleasantly resolved? things are rarely pleasantly resolved when it comes to russia. >> i want to talk oil with you. last week you were worried about

venezuela. i was worried about venezuela. we have what's going on in ukraine. we have about 18 people die in venezuela in the protests, which is the same pattern that happened in the u.k. what are you seeing in venezuela, in the oil market. >> you have venezuela, where there are problems and nigeria, one of the most important suppliers of crude oil. there's problems everywhere around the world. and crude oil gets bitten. i'm surprised that crude oil is as strong as it is. with the problems that are apparent in nigeria, in venezuela, in russia, it's hard to be short of the crude oil market would take strength beyond any, my imagination. who wants to go higher at this point because of the problems? your point on venezuela, well-taken.

no one is paying attention to what's going on in nigeria. >> quickly on u.s. equities. are you cautious at this point? >> it's a bull market, mel. and the stock market's going from the lower left to the upper right. it really was relatively impressive how well the market took that ill news. you were down 225 and -- still it was down strongly in the day. but down 150. as everybody said, there wasn't a great sense of panic. we'll see what happens in the next several days. but the trend is still higher. you can take the s&p. where are we, 1845 on the futures. you can take the s&p to 1780 and be a well-defined bull market. you have to err on the side of being a buyer. any further weakness, you need to be a buyer. you don't be short of the market. it is still a bull market. >> dennis, thanks for your time. appreciate it. dennis gartman of the gartman letter. >> on gold, to me, although i just said what i said about

russia and how tenuous it is, you're in a bear market in gold. it went from minus three to plus three. this is not where you see an extraordinary gold rally. net length in gold, this is the highest since 2013. if you made money in gold here, i don't think you can act like it's going to be on there forever. >> tim's been right. but something seems to be going on in the physical gold world. the huge demand for physical gold. maybe for the first time now, in 2 1/2, 3 years, gold is back in play. i'm with tim. it's in a defined bear market. you get $30, $40 to the upside, it breaks out. >> we have machine say another emerging market investors should be watching right now. find out the next crisis. and forget a smartwatch or tv, apple is making a play for your car. we have details next. [phones rings]

it's amanda. hey sweetie. what? okay, i'll send it. one hundred seventy-two dollars for a chemistry book, what is it, made of gold? just use citi popmoney. boom. ah, she's feeling lucky. hey sweetie...cancun, yeah no, you'll be spending spring break with your new chemistry book.

with citi popmoney it's easy to send money to just about anyone, anytime. visit your local branch or citi.com/easierbanking to learn more. ♪ time for today's top trades. first up, apple in the driver's seat. the iphonemaker with its car

play today, with mercedes, volvo and ferrari. it allows drivers to use apps and make calls in the car. apple ramping up the hiring of engineers in taiwan, according to "the wall street journal." >> nice go in with the foo fighters. but the car play is something that's not moving the needle right now. the next phase of this is to see them get into the next nine or ten automakers. that's not moving the needle in the short term. but if this is something you've been waiting for, china news is more important. we're starting to get data points in china. and china mobile, at a time of deployment and time of the deal with apple, had 16 cities they covered. they're going to have 342 cities. the data points is that 4g is a big deal. this is something we've been waiting on. we're not going to see the data points tomorrow. if you're trading the stock, 520 is the level you hold. after the rally, it earned 490 to 550.

i like this level to watch it. this is a level to trade it. we said 525 to 575, is where you trade the stock. >> it was a decent day for apple. and a price target raise on the notion in a the second half is going to be good. there could be market share gain. >> actually, where the trade-off of this is blackberry. blackberry is in the cars. look how blackberry traded today. traded down. at 1037, i think you can own blackberry. >> caesar's entertainment selling properties to partners. the deal includes harrah's. >> foo fighters can probably play there. >> these guys have never been more popular. >> well, at any rate. >> you buy smocks. air supply. >> why go there?

>> trades. >> there's a huge short interest for good reason. the next quarter they make money will be their first. $25 is an interesting level. if it breaks 25, the shorts might start to win on this thing. march 11th, they report. if it's on the downside, it has a long way to go. probably back to the high teens. that's how i would wait. you have to wait to play this name. moving on to stratus, the 3d printing company. earnings up 20% from last year. joining us is john bicklemyer. thanks for being with us. >> thanks for having me. >> i'm curious, why you chose stratus. >> i think the stratus -- their product portfolio is superior in

many ways in the marketplace. they demonstrated their intellectual properties. and they go to market strategies. and the maker bought portfolio is nice icing on the cake. >> you view the maker-bought portion of the case is the kicker. the core business is to the industrial and the consumer is upside? >> that's what surprised people here in the last six to nine months. people saw what they paid for and scratched their head. many were expecting to be at an $8 million run wait for revenues. and we saw a $100 million run rate. that surprised me. and i think many others, as well. >> john, it's karen. let me ask you about what you see in terms of pressure on pricing here. >> that's a good question. margins is the key there. we saw gross margins expand year

over year. when the company gave guidance january 15th, i felt they had visibility into what their quarter looked like. gross margins, you saw budget flush on the fdm technology. with the strong growth margin, the company felt -- the consumer, there could be price competition. but we haven't really seen it yet. and we're paying atension to consumer growth, as well. if people buy the machines and set them on the shelf, that's no good for the business model. you saw strong consumer revenue growth. >> and the materials that you put in the printer to make the product. i'm curious, in terms of consolidation in the space, do you think there will be as many players in the space a year from now in terms of today. as stratasys, is that this company

could be bought. >> it's possible. but it starts to get a large company. and it would take somebody of considerable size to be able to swallow up this company. as a stand-alone entity, this makes sense for years to go. it is hitting its sprid and has open-ended growth on it. >> john, thanks for your time. john bichelmeyer of the buffalo fund. how do you feel about the space? >> love the space, long-term. >> how about right now? >> the valuations. >> that's the -- here's the issue, right? here's what i like. i like that it's factory in a box. and i think that over time -- >> you should trademark that. >> factory in a box. that's the part i like about it. it's a revolutionary product. where the stocks are trading, it's completely different. valuation, you can't think about it here. but the way that stratasys is

trading today, you have to wait until it flushes out. >> okay. i don't know if you caught this today. the bitcoin rally, the digital currency on a tear today. the oracle of omaha weighs in on where he thinks the digital currency will be in ten years. and elon musk's other company, solar city, delaying for the second time. what gives?

♪ for tapping into a wealth of experience. ♪ for access to one of the top wealth management firms in the country. ♪ for a team of financial professionals who provide customized solutions. for all of your wealth management and retirement goals, discover how pnc wealth management can help you achieve. visit pnc.com/wealthsolutions to find out more.

i'm spending too much time hiring and not enough time in my kitchen. [ female announcer ] need to hire fast? go to ziprecruiter.com and post your job to over 30 of the web's leading job boards with a single click; then simply select the best candidates from one easy to review list. you put up one post and the next day you have all these candidates. makes my job a lot easier. [ female announcer ] over 100,000 businesses have already used zip recruiter and now you can use zip recruiter for free at a special site for tv viewers; go to ziprecruiter.com/offer2.

the stock is moving lower. let's go to morgan in the

newsroom. >> solar city has delayed the release of its fourth quarter earnings for a second time. the solar company says it will restate its 2012 and 2013 results after finding an accounting error. stock moved lower during the regular session. down about 2%. in the after-hours, down a percentage point. this raises some concerns about their internal controls, according to deutsche bank. this is a serious matter. >> yes. i think that's pretty obvious, it raises some concerns about their internal controls. >> i wonder why they have certainty of getting it together for march 17th or 18th. as of last week, they were going to get it together today. and now, how do they have -- i don't know. how are they able to gauge when they're going to get it together? >> these are potentially concerns. but this is a company that is going to probably have 40% of

the installed capacity. i think you stay here. bitcoin gaining ground after the collapse of the exchange. this morning, warren buffett weighed in on the currency in an interview on "squawk box." >> the currency does not meet the test for currency. i wouldn't be surprised if it's not around in 10 or 20 years. >> all right. it's not a currency. you don't have to believe that to be bullish on bitcoin. >> that's the thing. i think you need to separate from bitcoin, the network. the peer-to-peer network and the technology behind it. to warren's point, it is a currency. it's a medium of exchange. you can exchange bitcoin all around the world. the other thing it is, it's a unit of accounting. no currency is a unit of accounting. nothing is tied to anything physical.

>> not backed by anything. >> not backed by anything. >> neither is gold. >> soon, you will be able to back it by something, if you want. and everybody talks about score of value. it's volatile, absolutely. but it will get better. the volatility will come down. there are some things. some people, maybe even people on this desk are working on ideas. >> it's not guy. >> #jerk. >> you're working on it, is another -- >> perhaps. i mean -- >> is there any other currency that is as volatile, remotely as volatile, as this? that you think of as a viable currency? >> no. >> okay. >> i get it. >> there's no liquidity. there's very low liquidity in this currency. and gold isn't backed by anything, either. there is nothing backing gold. that was -- for people that is

an advocate's reason for owning gold on the way up. >> there's two things that are catalysts for bitcoin. it will grow into it. very experimental. this is like early days. this is aol and compuserve back in the '80s. >> the internet's still around, isn't it? >> another target was climate change. here's when asked about the climate change, in berkshire's insurance business. >> in terms of our insurance business, no effect in terms of prices we're charging this year versus five years ago. and i don't think it will have an effect of what we're charging three years or five years from now. we have one plan. i think we ought to pay a lot of attention going on. >> guy, insurance? >> like it. a name like prudential. hartford financial on the show. they're okay. everything he says is well and good. but look at stocks, it's really interesting here. traders were lousy today. but it has been a monster of a

stock over the last six months. i still like the name. >> all right. the tension between russia and ukraine is weighing on global markets and capturing attention of investors. we have someone here saying there is another emerging market shoe waiting to drop. plus, is global turmoil affecting your next meal? why restaurants may be feeling the heat. tdd#: 1-888-648-6021 there are trading opportunities tdd#: 1-888-648-6021 just waiting to be found. tdd#: 1-888-648-6021 at schwab, we're here to help tdd#: 1-888-648-6021 bring what inspires you tdd#: 1-888-648-6021 out there... in here. tdd#: 1-888-648-6021 out there, tdd#: 1-888-648-6021 there are stocks on the move. tdd#: 1-888-648-6021 in here, streetsmart edge has tdd#: 1-888-648-6021 chart pattern recognition tdd#: 1-888-648-6021 which shows you which ones are bullish or bearish. tdd#: 1-888-648-6021 now, earn 300 commission-free online trades. tdd#: 1-888-648-6021 call 1-888-648-6021 tdd#: 1-888-648-6021 or go to schwab.com/trading to learn how. tdd#: 1-888-648-6021 our trading specialists can tdd#: 1-888-648-6021 help you set up your platform. tdd#: 1-888-648-6021 because when your tools look the way you want tdd#: 1-888-648-6021 and work the way you think, you can trade at your best.

tdd#: 1-888-648-6021 get it all with no trade minimum. tdd#: 1-888-648-6021 and only $8.95 a trade. tdd#: 1-888-648-6021 open an account and earn 300 commission-free online trades. tdd#: 1-888-648-6021 call 1-888-648-6021 to learn more. tdd#: 1-888-648-6021 so you can take charge tdd#: 1-888-648-6021 of your trading.

welcome back to "fast money." live at the nasdaq market site in times square. as russia tightens its hold, we want to bring in one of the producers who is fluent in russian and has been monitoring the situation throughout the day. >> none of the major news channels are independent. listening to the broadcasts give you a sense of what's going on in putin's mind. ukrainian nazis that's how they are preferring to the protesters in ukraine. when they pan to an image of crimea, it's palm. they are waving the flags. then, they go to images of the protesters and the reporters say look at the bandits and the

radicals. they're wreaking havoc on ukraine. one of the anchors taking a jab at nato. saying i don't know when these world powers were caring about ukraine. also, a very bad rap, the former prime minister of ukraine. she was in prison for several years. her health was deteriorating. so, when she first came out, she was in a wheelchair. they found a picture of her days later out of that wheelchair and said, all of a sudden, she's getting a lot better. the broadcasters really not holding much back. i want to say if we see tensions escalate, especially between the united states and russia, i wouldn't be surprised if that's reflecting in those broadcasts. dina thank you for that report. back at headquarters. tim, you were in russia for some time. you're familiar with this. >> dina's right on. and one of the things they're probably thinking is these people would be orphied if there

was bloodshed on their brothers. russia cares a lot more of this sphere of influence. and uniting eurasia, than the g-8. and nato has been in russia's face for many years. and it's a big insult to russia. i'm not saying it's right or wrong. but that's exactly how they feel. there's another emerging market to worry about. that's china. the yuan which has been considered a safe one-way bet is coming off its largest weekly move against the dollar since 2010. it's expected to be a topic at the people's conference meeting in beijing. larry mcdonald, following what's at stake here. he's the senior director at new edge. great to have you with us. >> hello, michelle. >> it's melissa. >> you think of trades unwinding and how much has been put long the trade as opposed to short. and also, the structure products. structured around this one directional trade, which had been a one-direction trade. >> you think about it, when a

central bank, in the fastest growing economy of the world is trying to slow that economy down and trying to actually cut down on speculation, it's a dangerous, almost unprecedented in the world. they're trying to slow down speculation. there's a lot of people playing the character aids. you could see an unwind because they're hurting companies in china that are highly leveraged. >> there's estimates that yuan shorts are around $500 billion. and the structured product that are leveraged to this particular bet. that could be about $150 billion. what's the ripple effects that we could be seeing? all of this is moving against somebody out there. >> i think the most compelling trade and situation, if you look at it, is we've done all of this q.e. in the united states. the fed has a lot of investors

looking for places to go. so, the develop markets are viewed as this safe haven. therefore, all of this capital is pumped up. european stocks are at 22-times earnings. emerging market stocks are at 11-times earnings. russian stocks have been at four-times, five-times earnings. all of this money is floating to develop markets. i think if russia -- if china does lose control here, the biggest air bubble will be in the develop markets. the emerging markets have priced a lot of it in. >> it's counterintuitive of what you're thinking of as a safe haven because you're saying it's not developed. it's not europe. it's u.s. that may be emerging. >> the emerging markets have priced in a lot of this. you look at price-to-book, russian stocks, 0.5-times book. in the develop markets, where 2 1/2-times book. valuations have stretched. >> i'm confused.

the move in yuan is something you think is going to be toxic for local institutions? you think it's a one-way bet. the speculation was also one-way. they were manipulating the currency up. we want this thing tradeable. and i think that's very positive. and i think going to the national peoples congress, this is good news. i want to understand your point on the weakness and where you see the risk factor with that. >> remember, the banking system now has $23 trillion versus when lehman failed, it was less than 10. the banking systems are leveraged to those captions. i think big, planned economies, it's like trying to land a very, very big plane on to a very small airport. they could do it. but if they do something wrong, it sets up a problem where you have the united states economy, which is now 18% of our earnings are exposed to emerging markets. >> before you go, what's the line in the sand in terms of pain?

what level does the yuan hit where it becomes much more -- >> i think 620. or 605. overall, the real -- i think the real value now is -- are in some of the -- look at the rsx today. 32 million shares of the etf outstanding. and 25 million traded today. the money is just piled out of the e.m. and all piled into the developed markets. >> larry good to see you. larry mcdonald, newedge. worries about ukraine causing food prices to spike. will restaurant stocks feel the pressure? when you see wheat spike, you have to wonder how it's going to trickle down the chain. >> a lot of things, particularly with hogs. hogs up 20% this year. they were up today. and these are things that happened before ukraine. these are things that limited. in other words, the reason why hogs are up because there's swine flu. and several years ago, the farmers slaughtered a lot of hogs and didn't have anymore because of -- and it takes two

or three years to grow a pig. i'm not a farmer. but i think it takes a while. >> grow a pig. >> point being, these are structural changes. not because it's hot some place. it's not just because somebody invaded somebody. these are major changes that are going on. i don't think any of the restaurant stocks have factored in. i was talking about chipotle. i was talking about jack-in-the-box. think of anybody who uses a lot of the pigs that people grow or cow or wheat or anything like that. >> city slickers say, it takes a while to grow a pig. >> i'm not a farmer. i'm a country kid trying to make his way but not a farmer. a major tobacco deal may be in the works. and no teen angsted here. teenage trader weeks for the co-founders of the leader investment club. these two started trading when they were 10 and 11. (announcer) scottrade knows our clients trade

and invest their own way. with scottrade's smart text, i can quickly understand my charts, and spend more time trading. their quick trade bar lets my account follow me online so i can react in real-time. plus, my local scottrade office is there to help. because they know i don't trade like everybody. i trade like me. i'm with scottrade. (announcer) ranked highest in investor satisfaction with self-directed services by j.d. power and associates. so our business can be on at&t's network for $175 a month?

yup. all 5 of you for $175. our clients need a lot of attention. there's unlimited talk and text. we're working deals all day. you get 10 gigabytes of data to share. what about expansion potential? add a line, anytime, for $15 a month. low dues, great terms. let's close! new at&t mobile share value plans our best value plans ever for business. pops and drops. big drop for darden restaurants. >> nobody likes the olive

gordon. >> really? >> red lobster? >> back in the day. it's a whole different story. darden restaurants, dri, bad earnings. >> pop for blackberry. >> upgrade. what people have been seeing. their focus is working. the cutting costs is working. this is a turnaround story. there is a lot of headwinds for the story. you don't need to trade it here. but long-term, i am in this name. >> a pop for dendreon. >> this is $330. they have a market bench in europe. that's why it's up as big as it is. 25 million shares. typically trades 3 million. they got squeezed. this is the $100 table. but understanding, it's buy narry. >> they had a big similar release to solar city. they are going to delay their 10k by march 18th. down on the box on that.

that was not that big of a deal. just down on the market. tobacco stocks smokin' today in reports that reynolds -- >> did you write that? >> i didn't. >> reynolds american could be exploring a bid for rival rlr. mike's at the smartboard with the options action. >> the tobacco names saw a lot of activity. lorillard saw 10-times its daily val volume. reynolds is the other name involved. what we saw were buyers at the march 55 calls. that's up here. the stock had a big move today. it paid an average of 80 cents for those. average being the operative word. we take a quick peek. this is the price of the options throughout the day. f.t. reported that news early. and a lot of other news sources picking it up. these things were trading less than 40 cents at that point. and finished the day about

$1.50. four-times what they started the day. the interesting thick here, this stock is at all-time highs. if you're interested in making a play here, buying options is probably a good way to make a bullish bet because the stock is trading about 10% above its average valuation here. i wouldn't trade the ones bought today. they have a run. look further down the money. look for the cheap ones. the stock itself is not that cheap. >> tim, where are you going? >> i've been long this. long altria. but lorillard, an overdone on the regulatory risk. it's a dividend play. and if anything, it's a range play. this stock was sold off after today's move. catch your breath. but watch this one. >> thank you, mike for that. more "options action" every friday, 5:30 p.m. eastern time. it is the first day of our teen trader work. and we're featuring teenage traders from all over to discuss how they're making fast money before they get a high school

diploma. this is going to be fun. check out one of our traders' throwback picture. can you guess who it is? what a cutie. >> i can't -- oh. [ indistinct shouting ] ♪ [ indistinct shouting ] [ male announcer ] time and sales data. split-second stats. [ indistinct shouting ] ♪ it's so close to the options floor... [ indistinct shouting, bell dinging ] ...you'll bust your brain box. ♪ all on thinkorswim from td ameritrade. ♪ from td ameritrade. a 401(k) is the most sound way to go. let's talk asset allocation. sure. you seem knowledgeable, professional. would you trust me as your financial advisor? i would. i would indeed. well, let's be clear here. i'm actually a dj. [ dance music plays ] [laughs] no way!

i have no financial experience at all. that really is you? if they're not a cfp pro, you just don't know. find a certified financial planner professional who's thoroughly vetted at letsmakeaplan.org. cfp -- work with the highest standard. here in philadelphia you can access a philly cheesesteak anytime, day or night. just like you can access geico anytime, day or night. there is only one way to celebrate this unique similarity. witness the cheesesteak shuffle. ♪ cheesesteak, cheesesteak ♪ ♪ it's the cheesesteak shuffle! huh! ♪ ♪ every day, all day, cheesesteak, cheesesteak! ♪ ♪ every night, all night cheesesteak, cheesesteak! ♪ ♪ 9 a.m. cheesesteak! ♪ 2 p.m. cheesesteak! ♪ 4 a.m. cheesesteak! ♪ any time (ruh!) >>geico. fifteen minutes could save you fifteen percent or more on car insurance.

we still run into problems. that's why liberty mutual insurance offers accident forgiveness if you qualify, and new car replacement, standard with our auto policies. so call liberty mutual at... today. and if you switch, you could save up to $423. liberty mutual insurance. responsibility. what's your policy?

♪ all week on "fast money," we'll be talking to traders who started trading very young. extremely young. even our "fast money" traders weren't buying and selling stocks back in high school. but they were sporting '80s-style outfits. brian kelly in the last one. he claims that "miami vice" was very hot. >> it was very -- >> you were hot yourself, there, in the woods, in your dan johnson outfit. >> i had white shoes on, too. >> karen looks so good. >> yeah. >> and the rackets. >> i had a little bit of a temper. >> guy, you just stepped out of your iroc-z?

two traders started a group for themselves. austin schwab and julian marchese are part of the investor club. austin, i'm going to start off with you. you started trading at 10. where do you like to invest these days? >> overall, i'd say a global recovery remains intact. but recent economic data has made it hard to get a good feel on where the global economy's headed. we've seen weak gdp and trade data out of japan, disappointing numbers out of the u.s. and europe raises questions about their monetary policy. in japan, we're losing momentum and won't see a catalyst there until next quarter. ultimately, i think the west way to be for a macro investor is in europe or the united states. the federal reserve seems rather optimistic about continuing to taper their quantitative easing program, despite a string of

unexciting numbers. whee should expect pressure on the european equities and the euro, as we face events in the ukraine. >> austin, how old are you? >> i'm 17 years old. >> all right. wow. >> julian, i'm going to go you now. you started when you were 11. what are your favorite trades right now in your book? >> right now, i really like long s&ps. i've been buying the s&ps since the dip back in late january to february. we currently are seeing some really good hit patterns. that's been a good buying opportunity, if you look at past instances of fund gap downs. also, with regards to the events occurring in the world right now the strength of the market and also looking at the chinese yuan currency, the beating it's been taking, considering the support

we've been seeing in the s&p 500, that's really good. i continue to like s&p for the long term. >> austin, it's karen. let me ask you something. in your strategy, how much risk -- what's your risk tolerance? how much money are you willing to lose as a percentage of your book? >> you guys are both really young. you can go long or go all-out. you know, to the wall. >> they can be more aggressive than they should be. >> i'm just saying. time is on their side. austin, why don't you answer that. >> absolutely. i think i take a very conser conservative approach to investing. before i get in a trade, i'm not big on risk management. i analyze the overall macro picture. and then, i generate trade ideas. >> julian, what's your risk tolerance, as well? do you dabble in individual stocks? what's your top holding right now? >> my top holding is s&ps right now. i'm leveraged in that.

i only trade macro markets. i have short positionings i got into today in gold. the reaction we're seeing in those markets with the relation to the russia/ukraine relations right now is overextended. in regards of a figure of growth i'm looking to take, usually trade 1% to 2%. pretty c pretty conservative from a broad perspective. >> i don't know what i was doing when i was 17. i didn't speak about the markets. what's your plan here? what do you want to be when you grow up? >> i've always had a very entrepreneurial mindset. i've been involved in business since i was a kid, from lemonade stands to companies. i started investing at age 9. from there, i followed my passion through and learned global macro. i plan on going to college. and hopefully from there, i'll gain experience in the industry. my dream is to become a hedge fund manager. >> julian, how about you?

>> same here. austin and i have been trading since an early age. i got into the markets when i was 8. my dream is to go to a good college or university. and down the road, hopefully set up my own asset management firm while building and promoting relationships like the leaders investment club to promote education to young adults globally. >> you are setting great examples out there for younger youth. thanks for joining us. appreciate it. austin schwab and julian marche marchese. the co-founders of the leaders investment club today. guy adami, did you know anything about the markets? >> i was a lifeguard. >> i worked at car val. >> the food court wasn't really much about stocks. those guys are impressive. >> look at how short those cats were. >> stay tuned. >> what color is that bow tie?

and it feels like your lifeate revolves around your symptoms, ask your gastroenterologist about humira adalimumab. humira has been proven to work for adults who have tried other medications but still experience the symptoms of moderate to severe crohn's disease. in clinical studies, the majority of patients on humira

saw significant symptom relief, and many achieved remission. humira can lower your ability to fight infections, including tuberculosis. serious, sometimes fatal events, such as infections, lymphoma, or other types of cancer, have happened. blood, liver and nervous system problems, serious allergic reactions, and new or worsening heart failure have occurred. before starting humira, your doctor should test you for tb. ask your doctor if you live in or have been to a region where certain fungal infections are common. tell your doctor if you have had tb, hepatitis b, are prone to infections, or have symptoms such as fever, fatigue, cough, or sores. you should not start humira if you have any kind of infection. ask your gastroenterologist about humira today. remission is possible.

we know we're not the center of your life, but we'll do our best to help you connect to what is. predibut, manufacturings a prettin the united states do. means advanced technology. we learned that technology allows us to be craft oriented. no one's losing their job. there's no beer robot that has suddenly chased them out. the technology is actually creating new jobs. siemens designed and built the right tools and resources to get the job done. time for the final trade. tim? >> starbucks have their coffee costs hedged in the first quarter. this move is overdone. starbucks, stop yourself at 65. >> beakers? >> quick direction on farmers on

twitter. it takes six months to grow a hog. >> good to know. >> i would buy gold here. >> karen? >> if the markets are down tomorrow, i would sell some s&ps. >> my mission is simple. to make you money. 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. "mad money" starts now. hey, i'm cramer. welcome to "mad money". welcome to cramerica. people want to make friends. i'm trying to save you a little money. i'm here to educate you. call me at 1-800-743-cnbc. [ crying ] >> the sky is falling. don't just stand there. >> sell, sell, sell! >> especially if everybody else is selling. isn't that what we saw with the dow