lee at the mel heldment. you have a lot under tap. >> we will be trading those comments as well as the crazy action of twitter in the after-hours session. it's on heavy volume. if you are thinking about. if are you if an amazon trade, we got the three charts you need to know about. >> uh-o. don't go away. over to you guys. >> "fast money" starts right now. new sanctions against russia sparking a late-day sell-off. we'll have more implications for oil in the broader market coming up. right now, shares are soaring after hours, the number of monthly users beating the expectations. dick costello spoke before speaking to analysts and had this to say on how it was impacted by the world cup. >> fantastically, it's been the case product changes have gimp driven new user growth an these live events that drive more

engagement from our active users. so it was over the course product changes that we've made and we've talked about that have driven the growth. not the event, itself. >> our traders tonight are dan nathan, steve grasso and guy adam my. dan, you made a bold trade that is paying off. >> i bought some stock. it didn't have a heck of a lot to do with what they were saying or doing tonight. it was a lot more so an hour ago. i think the fuse the revenue beat, again, he said it there. they were really where they shine are around events. we're just starting to see that i think on the deck, we have been talking about that since the start of the world cup in mid-june. here is an opportunity to showcase this amazing platform where billions of people, not yet, can communicate with each other. they are real time search during events. he has been saying this if we introduce one ad into a news feed, what does that mean per

user. now they 270 million users a month. that can be $1. you do the math, you can see how exponentially this company can get to a billion dollars real quick. i'll say with a $23 million mark cap at the close of business today, it was a massively undervalued product when you think facebook paid $fine billion for something that has no revenues. >> the road map is a little clear on twitter. is this a game changing quarter for twitter? >> i think it is a game changing twitter. you have to look at it this way, anyone who wanted to sell twitter has sold twitter. there might be incremental sellers. there is not a large blocks of sellers. he should have spoke more about the mopub angle. the advertising angle. how they reach a multiple of smartphones. >> we'll see on the conference call. that is going on right now. we have the developments as we get them. brian, you are amongst that camp

that sold along the way. >> along the way, probably two months ago, three months ago. i'm tell you what, this quarter changed the game for me, prior to this, i had no desire to get back to twitter him. there was one statistic in there that stuck out to me. that's $1.60 per average streams. that number is way below facebook. facebook is north of $2. so you don't need to have the 10 1.'08 10e8.8 billion facebook has. on a pullback, i'll being looking at it. >> for a long time you said if given choice facebook or twitter. now what? >> that proved to be correct. yesterday, the fact that facebook posted a tremendous quarter. got to that 75 level we had talked ability account twitter went down on the back of that.

which led me to believe we were going to see something disappointing. that proved to be misguided and incorrect. is eight game changer? . >> yes, it is, 52, which is where we're going to probably trend up is a 50% correction of that 74 high we have seen and effectively that $30 low tim seymour bought a month first half ago or so. i think trades eastern big volume. i think you trade at that level. >> i want to say, do you guys remember last july when facebook was up 25% or maybe a bit more after they finally demonstrated in the street how they were going to monetize this billion-plus user base, how they were going to introduce ads, that sort of thing, facebook has been up over 100%. it is an exciting quarter. it is a game changing quarter, now they have new morningment in place. anthony miller is coming from the nfl. i think that's interesting, they mention in the press release,

world cup. he was at the nfl for a long time. he understands the power of a brand like the nfl. i think we will start seeing a lot of these sorts of deals with these sorts of things. >> also, watch the street chases them a little here. the street is a little bit l.a. you watch, you see a string of upgrades on the stock, nobody is saying anything in the middle 30s. now you want to see a string of upgrades facing twitter. >> let's bring in the manager director at sun trust, bob. good to have you with us. >> yes, thanks for having me agree gen. >> you have a buy righting on twitter at this point. what do you tell people about the stock? >> it's five big take aways all on a theme of acceleration. so mau's beat. there was a lot of quarter they were going to miss greatly. the u.s. accelerated 21% growth. you will see a lot of investors in that one. number two the r-group

acceleration 84% growth vs. 87. no three ad revenues and no. 4 is mo-pub, you saw a big acceleration to 90% growth. lastly, number five, incremental margins accelerated to a quarter of 17%. i think these are all good signs. >> it's already exceeded your price target which is $45. you got a buyer beating. so what do you tell people? >> it just moved 30% in a couple minutes. we'll take the numbers, flow them through our modem. we take revenue to growth basis and scatterblock. we will see where it falls in that. >> bob, where do you think? we are looking at those maus, do you think we will be driven away? you saw twitter with those five new metrics they will leave the street on how to guide, what how this stock should be judged? so are we going to see more

emphasis put on that once we start hearing from the ceo again so we can start talking about mo-pub? because 99% of the people that look at the stock know what mopub does for them. >> i think it can be monumental from industry contacts, not just me. i think getting more information ability engagement when you do favorite and retweet capturing all that, which is not cap cured in timeline views. >> given there quarter, bob, facebook or twitter if you had to choose? if somebody asked you, what would it be? have we like them both. twitter is very expensive vs. a facebook. you areway paying 15 times, 50 times for 26th. you have to adjust those numbers. we'll look at it from there. >> all right. let's bring if somebody else on the "fast" line, somebody who is looking to take a victory lap on twitter. josh brown was the bull on twitter in last night's street fight. he joins us now.

josh, now what? >> tweet, tweet, melissa. how are you? >> tweet, tweet, josh. what do you do with your 30% gain? >> the first thing is i think bob peck deserves a victory lap of his own because we saw so many people on the sell side throw in the towel after that second quarter of twitter's public reporting and just basically say, ah, you foe what, it's a future tral. i don't know what to make of this. it's very reminiscent of facebook. i mentioned last night on the show, facebook took five quarters for the street and the companies will align and i think once that happens, that was the game changer and that happens tonight. going forward, i think it's really appropriate to think about twitter, more along the lines we think about media companies than just necessarily a tech play per se. because their reach goes a little bit beyond what you do just when you are on twitter. >> are you buying into the argument we soul be measuring tweets that appear on tv and

somehow that is a metric on which to value twitter? >> it's tough. this is a one of a kind thing. there is if you can like it. we talk about metrics that don't exist. when we talk about revenue per 1,000 timeline views, there is no other comp. this is the only story where we do something leak that and i think it's appropriate because twitter is a very unique proposition. i think at the end of the day, 270-something million users, i think there is a lot of room forup side there. i think what you are going to find is people stop doing the facebook versus twitter. since most people are using each of those for very different things if tear life. >> all right. josh, leave it there. thanks for phoning in. >> you got it. so, again, you're holding, take a look at this:30%. >> i went into this, it wasn't a trade investment. i sit there i think i will buy on putbacks. i will make one other point. the stock is at 50 t. largest line of options open interest is

the september 50 call. somebody bought these in early june when the stock was lower. they bought almost 50,000 for 87 cents. i think you can see the stock consolidate a bit here. it's had this massive move. it went from 30 to 40. now it's the break down level for march. you don't case these things. these guys were talking about the street being offsides, there is 12 buys, 19 holds, six sells, i wouldn't buy in this right now. >> we will have much more from the conference call after we get i. meantime, let's get an earnings alert. panera bread is moving higher. >> check out panera bread the cafe bakery cane disappointing same sales stores and cutting the outlook for the year. posting second quarter earnings of $1.74, in share with inline stills. revenue a bit shy at 1631 million. despite all of that, the stock is trading up about 1.5%.

>> morgan brennan, thank you for that. panera warned they beat their expectation and are trading higher. >> in the context of p raeshio, this is at fine times forward earnings. it's not crazy griffin what we seen come in. football one, you had a big sell-off in the stock. number two, 140 was the low in 2012. we bounced them. we traded them down. this stock shouldn't be up on this report. you mentioned inline eps, revenues missed, comps not great. and margins not great. be you the stock is higher. so i think you trade it from the long side against 140. i think the risk reward sets up interesting on the long side of panera. >> i think the best news is it's baked into the stock. >> ah, there we go! >> on that note, moving on, it's not just twitter and panera. a lot of after-hours trading, u.s. steel is on a tear, we're trading all the movers coming up. spirit airlines is warning haters with a special offer.

we will talk about the unorthodoxed moves on a first cnbc interview. that's next. caused by slow internet from the phone company? that's enough time to . ♪

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let's get another alert on amgen. >> hey, melissa, we are looking at amgen. it had a huge beat in the second quarter driven by strong growth and sales like embrel an raising our guidance for the year. but the real big fuse in the restructuring. they're cutting 12-to-15% of their jobs, that's about 400 to 2900 workers. they will close some facilities in washington and colorado. they will expand in south san francisco and cam bridge, massachusetts. they are huge biotech hubs. they will take charges of $795 million on this restructuring in order to reduce operating expenses in 2016. they also gave updates on their pipeline, biotech investors are looking at this. amgen says they will file for approval. a cholesterol drug targeting a target pscsk-9.

that's a good deal for their pipeline. they said it will come in the third quarter. so stocks trading umm. analysts are happy about this restructuring. >> thanks so much, mech terrell. we are watching the after hours session, moving higher on this amgen news. >> i bought ibb and xpi today. i wanted exposure to the biotech space. i'm not a doctor. i don't play one on tv. it's hard for me to buy a single stock. there is an upside of 100%. it's a binary trade for me. i'd much rather get expose years to the whole space. >> beating stills, getting a boost after an increase in fees it is famous for. with higher fees comes a higher stock price. shares are up nearly 90% over the past year. joining us on a first cnbc interview is the president, ben, always good to see you.

>> remember, it's options, not fees. >> sorry, whatever you want to call i. it worked in the quarter. so did raising airfares. i'm wondering from the consumer stand point we want to foe at what point have the airlines finished raising price surface what is your sense of that? >> capacity discipline aloud fairs to cover the cost of xachl spart our average ticket was $385. it's still very low. we try to keep the lid down on fares. for the industry, though, i think there is some rationalization to happen as american and usairways figure out their network and united is going through some restructuring. >> is it enough to go after the individual the consumer, as opposed to the business traveler? we seen jet blue really go after the business traveler quite hard. especially as smaller businesses are looking to cut costs. is that an area you think you could expand in?

>> no, we don't have plans to do that. in fact, we tried to build a business at spirit based on the demand that other airlines reject from a price standpoint. we found a way to be really profitable with that low yield kind of base. now, we do things differently to make that happen. that gives us lower costs. so we think we found a great niche by serving the true discretionary traveler. we will let the others fight it out. >> you talked about your cost. are you about to or in the middle of expanding some of your roots, which is going to cost you something. are you going to be able to keep the par gins where you want them with this expansion? >> we believe we can. we've identified over 500 markets not yet serving. we looked at the parameters, the number of people they're flying, how much they're paying. we believe we can go without compressing our sort of target margins 15 to 17%. now, we earned higher than that in this quarter because the whole industry is just doing

great right now. we think a target runway is in the 15 to 17% range and we can grow pretty heavily over the next few years at that rate. >> ben, we have been talking about twitter because of blowout earnings. i have wondering why are airlines on twitter? most of the time your maej pages are, why are you running late? it's angry people tweeting to airlines, in general. so how are you dealing with those haters? >> we have this new program called hug the haters. there is obviously a bit of a national sport to make fun of airlines and to complain about airlines, but it's fair, we have taken the view that, look, we try to get you there for the lowest total price. sometimes we're going to mess umm. when that happens, you should tell us about that and the hate on any airlines. we got about over 300,000 people already write to us with their hate. almost 60% or other airlines which is interesting. we're giving all of them 8,000

frequent flyer miles if they tell us what they don't like about the airlines. it's a bit of a catharsis, people vent a bit and they feel better about things. >> that's important. i do want to ask you when it comes to facebook or twitter, you are on both. what do you find is more effective for your airline? >> there are a lot of rules about how we are advertise fares and such. so twitter and facebook are both important for us and clearly important to a lot of our examiners. but we don't use them for price pro position that much and that's most of what spirit does. so we use it more as communication tools, twitter, obviously, is a real time, you know, this is ham right now. so it creates that urgency. so they both speaking of the airline business, but the reality is, neither are going to be real important vehicles for us if terms of actually selling tickets. >> benl, thank you for your time. it's good to see you. >> it's great to see you. >> ben baldafza the ceo of

spirit airlines. >> i like ben. he said you want feedbacks. given the form on how the stock trade today? he made an all time of 70 bucks. traded up, reversed, based on the lows of the day. tech federal governmentally i love talking about this you have an outside day, significant volumes on an earnings release, what does that mean? it means the stock mate be if fin for a pause here. let's see how and where the dust settles. >> interesting. >> i think ben frame the cadillac summer collection is here.

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amazon, welcome back. carl icahn is reducing his stake

if family dollar. you will recall with the acquisition yesterday his holdings were worth somewhere north of $100 million in terms of the game. he is reduced down to 6%. melissa, of course, carl icahn had pushed for a merger with dollar general. instead, and he thought that that would have been a better deal. apparently, he is going to take his capital now and deploy it better elsewhere according to filing. >> amazon a one-time internet darling down 11% since reporting on thursday. the stock hasn't had a bounce since last week's sell-off. dan nathan found a correlation between the media appearances of ceo jeff besos. >> it has nothing to do with the fact that sales year over year and the quarter were up 23 first half percent. they made 40 billion in operating profit on that. you can go back and look. besos is a visionary.

he's redefined so 'different industries, primarily ecommerce. think back to 19 fine when he was fee cured at "time's" person of the year, look at that cart right there. in the year since that cover, the stock was down 85%. >> that obviously corresponded a little bit with that thing called the internet bubble bursting. >> a good point. >> but it says something about sentiment. from that low in 2001 or 2002 the stock rose 1,700% to 2007. right before the financial crisis. in of of 2007, besos was, once again, fee cured on the cover of "newsweek." there was a lot of excitement about ereaders. 65% decline and here we go again, the stock right up until this past december we have the now infamous appearance on "60 minutes". >> the drone interview. >> the drone interview, they

were going to deliver all your toilet paper and everything by drones to your home. since that the stock was down 20%. it was down 3% in may. it leaves some thinking is this the sports illustrated jynx here? >> none of us foe what it is. for years if you were on the cover of "sports illustrated" you or your team would do poorly in the the weeks. there are numerous things to point to. >> dan did a good job, revenues are growing 23%. >> it's a market cap of $147 billion. how many other koens companies the size can grow revenues? what would you rather? would you rather have a company? would you rather be able to grow revenues 23% or worry about your bottom lean, they can always, always squeeze if.

i don't know if they can. because they have all the investors in the company. >> they are invemt vesting the company. you can't turn that off. >> if they said we're going to stop spending on new warehouses and on our drone program, what would the stock reaction be? >> i think would be amazon retrenching bad news. >> you by accident just agree with me, because if they continue to spend like this. >> no, no. >> grow by 23%. >> i agree revenue growth is important. i think the market environment the context if which the stock exists is very important. prior to palm beach of the year, stocks like that were great. after march, they were higher. >> that's the point, if all the stocks has is sentiment. that's it. as soon as you lose, people believing that he's going to earn.at some point if time the stock collapses. >> it had every chance to go down those old lows around $290. it didn't. the fact that you said there is

no bounce. >> another soft moving lower on earnings is ups, the shipping giant posting a mixed quarter revenue atop expectations. eps missed the still by an increase in commerce shipping. revenue per package decreased. it has to decrease spending in order to get ready for to holiday shipping season, which last year was fiasco. >> this scares me. we ramped up to the same levels in january and failed into this quarter. people talk about technically double tops, where does it go? i think it can move down to this 90 level that it vacillated around earlier in the spring. so it feels as though you will hear double tops. $90 is your level. what does that mean? 7, to %? that's interesting for ups. >> usually ups gives you a view on the economy. the numbers, the package

shipments were up. this is good. it's a company specific problem, a cost problem they have. they are ramping up for christmas. >> it's an amazon. >> we will complete each other's sentences here. >> amazon problem because they are getting squeezed by amazon pressuring them down to get their shipping costs in line with how they can make a fraction through amazon prime. >> it's so savvy. so savvy. >> well, a lot of anger on the desk. i love this energy. >> it's spirit. not anger. still ahead the latest from dick costello live from twitter headquarters. stay tuned. . in today's market, a lot can happen in a second. .

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welcome back to fast money. we are live at the nasdaq market. twitter holding on to master gains, just off session highs, still her by about 28%. let's go to julio boresen on the conference call. she's got the latest. >> reporter: the conference calls in the q & a period. c eo said boldly that he sees

twitter reaching every person on the planet. that's his goal. he talked about international revenue and serve serve ads, which helps margins, the c eo says it's looking beyond the people who log into twitter to all other people. take a listen. >> there are a hundred u nikkei visitors that come in every month that don't log in. when you consider the combination of monthly active users and unique visitors, the size of our audience, on our owned and operated properties is two to three times that of just or monthly active user base. >> reporter: now, of course, there are a lot of questions on the earnings call about how exactly twitter plans to monetize all those new users. costolo says they will try to

protect the user xeerns e experience, mike gupta says total ad grew 8% thanks to a strong demand around the world cup and incoming cfo announced the company will roll out a new ad company could promoted video. anthony noto says it would be very valuable considering how much money is going into mobile video ads in particular. melissa, anthony noto said he wants to join the company because he sees such massive potential if twitter going back to what costolo said about reaching every person on the planet. back over to you. >> that was a great point he made on the conference call about the number of people that go onto the website and don't sign in. prior to joining twitter about a year first half ago, a year ago, i was a twitter creeper. i went on to see what die was tweeting and dan. >> you just want to see traffic. that's what they were trying to get to. the metrics where you could

quantify traffic without it being a monthly active user. i think that's huge for the stock. we mentioned when they came out with that new metrix. >> that will move it. >> what about using it as a search engine? if you want to find out water going on in the world right now, what's trending. this is a real time search. i think this property has to be in the eyes of google. this is a massive blind spot for google. is there this is why, they're chargeing less than facebook now. they have a very broad audience. to me, if i was dick costolo, i'd have every sales person out there using exactly what he said. >> i'd like knowing you were stocking me on twitter. >> you were there, i didn't stock you. you said a lot of the other names were higher as well. linkedin, guys, you had been positive for some time. >> that traded down to a level. it hasn't done much. i think facebook will move on

this as well. i think facebook becomes interesting once again here. >> let's check off our earnings trade book u.s. steel reporting after a pharaoh tan expected q2 last week. >> forget about that. they smoked this quarter. it was fantastic. as strong a quarter as they possibly could have reported. thing to is manifesting that in the after market. now the problem is, we're at this $30 level. we topped out if january. i would be careful i wouldn't go piling into u.s. steechl we talked about this a number of times. you buy the stock when it was at its worse. a couple months ago we street bought this at $2-and-a-half, you sell it at it's sz e nith. you take profits. >> you definitely want to be a seller up here. you have the sufficient the e pa, trying to raise a lot of

tear r their reg lation that, will affect your cold stocks and your steel stocks. if people think the yen is not as bad or recovering, it's weird to say recovering at 7.5%. watch the e pa repa regulations. >> this is a sad one. i love my chicken wings. >> really, surprising in there the stock rallied about 10% in the last month. maybe an all-time high. the q2 was fine, they guided down e ps growth to 25 to 30%. the prior consensus was 34%. i don't know water going on there i think guy has a two-day rule, a three-day rule. if you see the stock back in around 150 taking out the last month's move at the breakout. that's probably where you take a shot if you like yourself a

chicken wing. >> wow, i love the way you phrased it. >> this is what happens to all these restaurant stocks. we talked about el pollo loco. everybody is expecting passive growth. which there will be. with understand that growth slows down, once they stop opening new stores, then the stock, eventually cracks. >> that might be happening here. despite how much dan likes chicken. >> dreamworks is getting hit after hours after missing on the top and bottom lines. >> content is king. "hunger games," you know how much it was to produce that? $100 million. dreamworks animated shows, they need to bring their costs in. they've admitted that. they're trying to bring them in dramatically. i don't know if they can do it. they need to go past what they're shooting for as far as bring income the efficiencies. >> coming up next the united nations andism u. hitting russia with a fresh round of sanctions, bp warning it could be hurting the business.

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president obama announcing today the u.s. will expand sanctions on russia, including those on banks, defense and energy. the e u imposeing sweeping economic sanction on those sectors. this morning bp warning escalating sanctions could affect rothnet. let bring in senior analyst paul sankey with us. >> hi. >> is that impacting where oil prices go? >> yes, obviously, you got the three in the world along saudi and u.s. so any sort of risk is enormous. yes. >> so yes, you upgraded refine ris, s r ry /* -- refineries what is driving bp, wti? >> the spread we are looking for is spread would wti and global

brent. obviously, the situation if russia and libya, iran, all these things are ongoing. we expect brent prices to remain elevated. additionally, have you the saudis potentially cussing if there is any real weak ness, china is strengthing somewhat. the wti story is different. what you have there is now with much less u.s. oil imports the whole wti prices is subject to whether u.s. refineries are running or not. we have through puts in the u.s. refineries. this was in the last week. you are not going a whole lot higher. we think you have peaked. you will see a much weaker demand. obviously, we're looking for an expansion of the brent wti spread. we hope upgraded at the peak when par gins look pretty bad right now. >> so going back to russia, in particular, the achilles heel is the energy going into europe.

is there some way for europe to get other energy and if there is, what companies would provide that to europe? >> there isn't. the fact of the smatter you are excessively dependent on russian goose and rigs oil. if you think about the sanctions imposed on iran, eventually, compare them to what is being done here. these sanctions are not that mean in all reality. there is clearly an issue here of double jeopardy. >> where are we with crude exports, paul, on the timeline of that? done you think that play noose the wti brent spread that melissa had started out with. since you are positive on refiners, do you think the street numbers has to come down? >> well, what we did in yesterday's note is we looked beyond the crude ban lifted, which we think is three years time. obviously, it's dependent on washington. we found value allowing for a post-export ban world. we are saying u.s. natural gas will be discounted.

just not as much as it was, for example, if 2012. so what we believe is this poor policy not to allow free trade in the u.s. regardless of whether it's live horses, red sea, crude oil is what's in that current ban, believe it or not. those are the three things that ban under that particular rule. so ultimately, good policy will prevail. people are worried about gasoline prices, politician don't want to see risks, if you allow exports, you may see higher gasoline prices, what we seen recently is the examiners department allowing compensate, super light crude, actually, last night we heard there is a slow down if approval. we had two successful approvals. now, we are hearing a slow down. we don't foe where the white house stands on this, they are worried about the near term, you know the way it looks fear term. overall, it's crucial. if you allow exports, you narrow wti and brent. if you don't allow them, you potentially blow them out. it's pressure on wti today because of that announcement

last night. it's wage affecting prices. >> paul, thanks for coming by. paul sankey of world research. where are you trading these days in oil? >> first i like ln gvm i'm launching 12-and-a-half dollars, it's a once in a lifetime trade. i'm staying long lng. i think the benefit is to be in that space. i think if you want to buy the oil space or energy space, you should be in the service fames. i think refineers, as paul said, football versus to come down. you will see a lot of bearish sentiment on that space. >> i am long, brent. you saw last night, there is also a fire in kansas city. you saw wti prices come in. so it is all about these refiners. when you see wti going further, i think brent can stay where it is. >> his coverage universe, a couple names we talked ability. conoco tlil philips stalled as has e ps. psx around 82, 82.5 these stocks

to me sell upside. >> big movers, we check it off to at&t. >> the headline that got this space working was wind street to spin-off networks. that got that whole space spinning higher. if they can do it. why can't anyone else do it? the idea that if it's a potential, it's another ref few stream for them. at&t is still bullish. >> a bill drop for corning down 9%. >> i was twitter stocking done earlier. it said gorilla slapped on corning. all of this had to do with weak tablet sales. stay away. >> up 2%. dan. >> the stock has been a new high for 2014. global sax slapped the conviction by on the thing. this is an expensive stock. it's a very well run company. executing well, peers are not doing well, it trades at 25 times for a single digit e ps if sales growth. i stay away. the cart does look good. use 115 on the stop.

>> pop for w cnn? >> mat el wasn't great, las vegas was surprisingly strong, which is why it traded leak it did. i'm sure dan threw options actions to the upside. i think it will take avenue highs. i think 2 when the is the what you trade against. >> we have a pop for tofu mcnuggets, mcdonald japan is offering a new tofu mcnuggets. it comes days a after pittsburgh donald's japan halts the sale of all chinese imported chicken. last week the distributor was hit with allegations of seblg expired meat. >> it can't be worse that's beex and claws. >> beaks? >> see what they did with the music there? do you have any idea? >> no. enlighten me. >> playing institusubstitute.

>> substitute. >> genius. if we could only use this power for good use. shares of herbalife one trader made a bet against the stock at the open. dan nathan has the options action after this break. ♪

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herbalife shares plunged 14% today after missing out on earnings. dan is over the smartboard with more on this, dan. >> one thing that was really interesting, options volume did run hot and puts outnumbered calls two-to-one, shortly after the opening the stock was 60/40. about a thousand of the september 67 first half calls looked to be sold to open at $1 fine 75. it could be long looking to take yields in over the federal government two months or so. to me, it looked like a pretty negative bet for the most part. when you look at the chart for a stock that's been as volatile as herbalife has been over the last couple months, specifically over the last couple weeks. the stock opened down 11%. it traded in a $1 range for most of the day between 11:00 and

3:00. it fell off, it's interesting. it signals there was a buyer there. we know this company issued a convertible bond if april. they were using proceeds to buy back stock. they suspended tear dividend to buy back stock. they did this the geniuses before their first earnings miss in 2008 i'm not a fan of the story, obviously. ly mention this, if you look at the stock here the most open interest or highest strike is a jan 50 calls about 70,000 of them. you look back over the last two years, that's a huge line in the sand. bill ackman is believed to own those puts over the counterer. so you foe with the stock closing as badly as it is, maybe the buy back is done. maybe large sellers are in there who have been holding the stock a long time. maybe the stock is too hot to hold. >> more options action.cnbc.com. we bought the final word on twitter and your first move tomorrow. we come right back. stay tuned.

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during the cadillac summer's best event, lease this all new 2014 cts for around $459 a month or purchase with 0% apr and make this the summer of style. . twitter shares still up 30% in the after hours sessions. let's go to julia boresen for

the wrap-up on the conference call. >> melissa, they are wrapping up the final question now. ceo dan costolo is talking about improving the user experience for those who move in and go to twitter with recon tent tan contributing tweets themselves, anthony noto has been filling if questions of mopub, whether it's a massive opportunity and also about how much of the ad buying is automated, which also yields higher margins. they didn't add that many specific answers, but said the potential is huge. >> julia boresen, thank you so much for that. >> i am staying on twitter. i buy pull back to the mid-50s. >> amazon the stock dan loves to hate. usually a 310 stop. >> insprierd by grass so, trg, i'll buy the army. >> i think this now takes it to

the next level 80 bucks. >> i'm mel lit issa lee, do not anywhere. "mad money" with jim cramer starts right now. 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. other people want to make friends. i'm just trying to save you some money. my job is not just to entertain you but to educate me, so call me. tweet me. twitter @jimcramer. we're losing cycles and trying to make them up with