session this year. >> speaking of bear, i turn to brian kelly. we've got a lot of questions on twitter. >> no, no, no. you can't zip up the bear suit until the dip isn't bought. so we still have to see this go down. see if people buy it. guy's been all over this russell story, and what's happened is the broader market finally paying attention to what the russell's paying attention to, which is a flattening yield curve since april, which is wider credit spreads. these are things that are unraveling a bit. i think it gets worse and it gets better. what's interesting to me is in the morning, we had the apple selloff, we had the tech selloff. then apple rallied, but the s&p couldn't go anywhere. so it really broadened out as the day went on and i do think we're going to test much lower levels here. when we get down to those levels, then a dry cleaner will see if they can dust off the bear suit and we'll take a look at it. >> i don't think it's any coincidence that we also saw the dollar index hit a four-year high. we're entering earnings season.

stephanie made the point today that estimates simply have not taken account for the strength that we've seen in the dollar. we haven't gotten the warnings, and here we are on the precipice of all the earnings that are going to come out. >> stephanie makes great points there. i don't disagree whatsoever. you just wonder, is this priced in, is it not priced in? for the most part, it probably hasn't been priced in all the way because we've watched this dollar steady, move to the upside and continuing to move to the upside. obviously that's going to have pressure on those companies that are actually exporting across the world, so we're going to have to keep an eye on that. i still think when you look at the companies that are here, i think there's some great opportunities. i look at some of these tech names that don't have all the global exposure. some of those seem to be the best ones to attack. >> the dollar was very strong. i think it's gotten ahead of itself here. you look at inflationary expectations here in the u.s. they have been dropping for the last several months. that says to me that the fed is going to be on the gas pedal and not raising rates any time soon.

the dollar is way ahead of itself. >> even what they said today -- >> spring of 2015. >> first of all, he's been saying to raise interest rates for a year now. >> isn't it not just dependent on what the fed here does? it's also dependent on what european monetary policy is. so even if it stayed still and the european central bank is moving lower -- >> that's all been priced into the dollar. that's all priced in for right now. unless europe has some ability to do a massive qe, i think a good portion of qe is priced in here. massive qe in europe, i do not think is priced in. i don't think they have the support of the bundes bank to go in. they'll vote on whether or not we're going to be even able to do qe. the dollar is ahead of itself. >> the other side is the interest rate story that i think doc and i are on the same side of. maybe for different reasons doesn't matter. but rates are starting to move

back. i'm still in the camp that ten-year yield gos down to 2%. again, i think i know what it means for the economy. >> we've got someone who says this is the buying opportunity you've been looking for in technology. let's bring in dan niles. great to get your thoughts on a day like today. you basically think this is a minor pullback in a longer bull market. the news for technology is still to the upside. >> i'm not exactly sure where you got that. >> okay. all right. >> because that's not what i'm thinking at all. in fact, it's 180 degrees the opposite. >> let me back up then. if you think this is a buying opportunity -- >> i do not think this is a buying opportunity. the short version is that the market is ignored fundamentals now that argue for three years. companies have been missing numbers. and it really hasn't mattered

because you've had a lot of stimulus and things have looked great. what i think you're going to see when q3 earnings season starts and you'll get into preannouncements very soon at the end of september and early october, i think you're going to see a lot of pretty ugly preannouncements coming out because there are a lot of things that are going on. you've gone july and august were not great months. companies went into the quiet period in the middle of september. september quarter is the most back end loaded quarter of the year. we've already seen some big companies that are off quarter like oracle, like accenture come out on the tech side and miss lower or both. on the stocks that responded pretty negatively, even so-called cheap companies like oracle continue to get hit and continue to go lower. so i think you're going to get a lot more damage here before this is done. there are some names that i like, and maybe that's where we're going with this. like facebook or google. but i'm actually pretty defensive and that's how i'm

thinking about things. >> you like apple and you haven't felt this good about apple in a number of years. why now? >> i think with apple, it's actually pretty simple. i'm guessing a bunch of you have done this, where if you look at apple's product lineup, the last big change they really had was about four years ago when they introduced the 4 with the camera on the front and the back. and in 2010, they had year over year revenue growth. that went all the way down to 68% the next year, 29%, and then 6%. so now you've finally got what everybody's been waiting for. by the way, they've been using market share this whole time because they haven't given consumers what they wanted with the bigger phones. so that's very helpful. they're going into the watch market, which i had misgivings about. but there's 1.3 billion units sold. the watch that they actually introduced was pretty good.

i think that might actually be upside. but the most important thing is they're getting into the services market. that's what people want to see. they want to see them monetize the 800 million itunes that they have on file. i think you'll see that as you get into 2015. so that's why you own a company, when you have a big change in trend. i think you're going to see it start getting better. >> let's also talk about alibaba. you like alibaba here? and what are your thoughts on yahoo as well? >> well, there's no reason to own yahoo. we brought it this last time late july. we got rid of all of it on the 16th, i think it was a wednesday, before the ipo, around 42.60. and we started actually buying alibaba yesterday when it got below 90. because why would you own yahoo? the only reason to own it before was because they owned a big slug of alibaba. their core business at yahoo!

has been getting worse for a year and a half. and now they've got all this money they can go spend. the only thing you can hope for is maybe you get a tax-free spin. but if you want to own alibaba, just go own alibaba. >> dan, i know you follow tech very closely. we had a huge headline out of oracle last week, so i'm not asking you to talk about the stock where it's going. i'm asking you to sort of -- the larry ellison move, then the two ceos. what do you make of that? i know pete and i talked about a potential for them to break the company up. is that a potential possible? >> yeah, i don't think so. i think that was more to keep both mark and saffra happy. they're both very highly recruited, both considered very strong candidates, and so i think that's just more getting them to ceo. when have you ever seen a dual ceo structure work? i can't think of any. usually it's a really bad idea. having said that, i think with oracle, they have a really good strong core franchise, but they've got all the same issues as a lot of these other big tech

companies, which is a move to the cloud is deflationary by nature and they're going to have to try to manage that transition. you buy less stuff over time and i think that's what people keep missing in this transition. yes, it's great for the cloud business, but it's terrible for the legacy business. >> dan, great to get your analysis today. thank you for phoning in. >> all right, take care. >> i don't mean to turn you into the apologist for yahoo, but you were the one on the desk with the most clear case still saying yahoo is going to go to 50. but if you like alibaba, why not just buy alibaba? >> because i like yahoo because of their affiliation with ally ba ball. they didn't sell all of their alibaba, so i'm not saying dan's not right about it. he should like yahoo, because alibaba goes, yahoo will get swept up along the way as well and i still think there are catalysts out there. not only do they have a significant portion still of alibaba stock that they've got, but there are all kinds of other avenue where is yahoo could go

right now. i think from a catalyst standpoint, there are plenty. right now they're valuing the core business of yahoo at virtually zero. for that reason, i think yahoo's got much more upside. >> so the core business is an upside option. >> absolutely. >> and i agree with pete about that, as most of you know for the last week, i've been very negative on yahoo. it's a hedge against alibaba. for most of the folks who don't have that hundred million that you need to pick up the phone and call deutsche bank, so that i can start protecting my alibaba. as far as these hedges are being lifted now, i look at the volumes here, very heavy volume in here today. traded 245 million on friday. it's trading 38 million or so today, which is one of the heavier days since last friday's turnover. i think what you end up getting here is piece's exactly right,

the stock has to be gravitating higher after this hedge has been lifted, and i think you're got even more upside is if you were to ipo this, if you were working at goldman and you pitched marisa mayer to ipo this stock, it would be in the 5 to $9 billion range. that's on top of the other pieces they own, which put them together, it's well north of 50. >> we want to take a look at some of the big cap tech, the big laggers in big cap tech. we want to talk about price line, down about 9%. rough day today as well. >> we had this one really cold into the summer. i've been wrong ever since, though. i mean, priceline really has not performed well at all. obviously today was not a great day. so how do you trade it? i think now it trades down to that may bottom, which came in basically around 1,100. at 1,087, to be exact. it feels as though it wants to test that level. it is not an expensive stock on

valuation. i think the story still makes sense. i think the selloff is exaggerated. with that said, things overshoot on the downside. i think that's what we're about to see. >> with priceline, too, they have a lot of exposure in europe. we saw the dax today really crater. so you definitely have a problem with that. i'm with guy. i thought it was interesting today, it didn't make new lows today. that shows at least there's some buyers in there. i don't think you have to go in tomorrow rushing to buy. wait for that flushout. >> let's talk amazon, about 4%. for the year, pete, for this year, it's at about 4% or so. >> stock was over $400 a share, then it pulled back. now here you are closer to 321. i think it's a no-touch. it's one of those names that's been teflon for a very long time. everybody can shoot against anything they want when they look at valuations, but now folks seem to be much more focused on that. with that, i don't think you need to step into amazon right

now. >> let's get an earnings alert. morgan? >> thanks, melissa. we're watching shares of micron edge higher in the afterhours. shares initially traded down as much as 4%, but they are bouncing back now on fairly heavy volumes. the semiconductor company posting earnings of 82 cents per share, and revenue also topping analysts' expectations at $4.23 billion versus estimates of $4.16 billion-plus. the company giving strong revenue guidance for the current quarter. all of that is pushing shares up about 4% in the afterhours. back to you. >> there are a lot of fundamental reasons why investors have liked micron. its purchase of lp, which is gating into the automotive. >> i think a lot of people are concerned that the margins were going to wane and they didn't. the margins hung in there, which is to me the entire story with

microns. if this tape wasn't as lousy as it was, i think it's stock even higher than it is. >> i love micron and kudos to you, i know mike murphy has this one in his playoff playbook and he's been doing great with the stock. i was happy to see it turn around in the after hours. >> coming up next, a top analyst weighs in next with the two names worth buying on the massive dip. that's next. as we head to break, take a look at the sea of red we saw across the s&p 500. just a few managed to eke out a gain. we're back with much more on the selloff straight ahead. hi! can i help you? i'm looking for a phone plan. it has to be a great one, and i don't compromise. ok, how about 10 gigs of data to share, unlimited talk and text, and you can choose from 2 to 10 lines. wow, sounds like a great deal. so i'm getting exactly what i want, then?

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biostocks beating down today.

which name should you still buy on this pullback? let's bring in robin carnascas. this is in context because this is the best performing sector for the quarter, but a lot of people feel like they've missed the boat. so they're looking to these sorts of pullbacks as buying opportunities. so in your view, what is the number one pullback that you would buy? >> stock, i don't talk about as much, regeneron. it has a great i business. we think it will launch, do better than expected. i think it's a real opportunity to buy a company that will be a very big company in the next few years. >> and you also like vertech. >> it's kind of restoring now. people don't realize that.

they're launching a new pill in 2013 that we think will be much higher. their revenues could be ten times today in the next five years. expenses are going to remain low. >> very doable within the next couple months. >> i think the price of the drug will be half of what their current drug is on the market. 150,000. >> when mel asked you about buying on a dip, obviously it's a lot more than $1.70. this is a new dip after a new all-time high. what level would you be very interested in? >> you want to buy it now. the stock's kind of been stuck

for a while anyway. so this is a stock you want to own now, because people are starting to realize very quickly, we've got a big catalyst in the first quarter. that's coming up. the pricing of the drug. so i expect the stock to do very well in the fourth quarter and continue to do well early next year. >> you also see this pullback in general as an opportunity to load up on the pillars of a biotech portfolio. a couple of the big cap names. >> what i would say is gilead. it's still cheap. with no longer expect a bump on the price announcement. >> if we were in an environment where beta names are selling off and that there is downward

pressure, where you concerned? >> that's a great question. used to be that biotechs would not be that way. but you've got companies like sustainable earnings and above average earning growth. we're not trading as much of a premium, so i do think now for large caps specifically, not the mid cap, they view it as defensive. >> thanks for coming by. always great to see you. where do you go on biotech? >> i find myself far more gravitating toward the big pharma name, but in terms of biotech, i think amgen. it's one of these names that for whatever reason gets pushed to the side. you look at amgen and the performance, you look at the fact that it trades 15 times forward earnings, this is a very interesting name and trades much more like big pharma, yet it's a biotech. >> do you also believe we're in a different market paradigm? >> yes. i do. because it's the one area where you identify they have a real growth prospect here. she was talking about the potential for the drug being a

ten times revenue of what it's going to be. that being said, i sold them in the beginning of september. i don't see myself getting back into them. it seems to me it's only because of the tape that these things have a little more way to go. >> we talked about amgen. giddy up. giddy up indeed. amgen is a real story. it's a horse. this vertex that robyn just mentioned, i don't want to give away the ghost, but that's a candidate for final trade. just saying. >> a candidate for final trade. i think you just gave up -- >> what do you mean? >> just given up. coming up next, a massive earnings week. the latest headlines after this break. and later, with all three major indices slumping to their lowest levels in over five weeks, are the charts pointing to more pain ahead? we've got the technical take later on. "fast money" means trading. everybody's got to bring their best information each and every night. the entire trading day is the

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nike's earnings call under way. let's get the latest from dom in the newsroom. >> what we need to know right now is the stock is up about 6% in the afterhours. the upside move triggered by a beat on the bottom line. also came in better than expectations. some interesting conference call highlights so far. nike ceo mark parker saying on the conference call that running basketball and global football are driving growth and women's lines continue to grow faster than men's. also, that they continue to lechb leverage the power of their digital franchise. e-commerce revenues are up 40%. all of that is leading ceo mark

parker to begin a little bit more optimistic about nike's prospects and that gain triggers that. take a listen to what he told investors on this conference call about just how much strength he's feeling in the brand. >> i'm tremendously proud of our q1 results. the momentum and our management team's ability to seize opportunities and manage risk. at the same time, i've never been more excited about the future. >> that growth in global futures order is driven by all places north america and europe, both china and japan both coming in slightly below expectations. so it's north america and europe that's coming in better than expectation, at least with regards to the future orders. back to you guys. >> thanks so much, don. for more, dana, great to have you with us. by all accounts, it looks like it's a blowout quarter. what were your takeaways? >> i think it was all about

acceleration. they saw acceleration on the sales line. if you take a look at category strength that they had, i thought it was a very impressive quarter. it shows the strength of the category. when you think about active wear, you think about nike, but everyone is benefiting, given that more people are wearing active wear for more use. nike is a dominant player. >> so athleisure is a dominant player. arer yes, and the world cup doesn't hurt. >> for nike, does the margin change? i mean, if they're selling let's say a shirt for running through their own channel versus through a store, does that make a difference to them? >> i think everyone wants the sale. i think in this multi-channel world, being able to just get the market share is key. margins typically on e-commerce are a little bit higher than what's in your direct store, but gaining net market share is what

everyone's working to do. >> we didn't see any impact on currency. are you concerned about that going into the next quarter? >> we didn't see much impact. i want to hear a little bit more on the call as they keep talking. i'm much more focused on driving that top line. i think the currency impact will -- i think it will be pretty much as expected. >> you buy nike at these levels on this pop? >> yes, you do. >> all right, great to have your analysis. thank you. >> i think these guys have been innovative for a very long time. with innovation comes pricing power. they've got it right now. margins are very strong. you look at the jordan brand. continues to absolutely kill it. you look at converse and hurley. big pop in the afterhours. i think you'd want to wait to see this thing get back underneath 80. >> who's losing? >> i think this is definitely a nike specific story, right? you asked about the currency

problems. i was thinking, you know, if europe is doing it very well for them, that would be a currency issue. i'm with pete, though. >> you wonder if the loser is lululemon. >> or josh brown, if you want to use his actual name. >> i like lululemon here. he took the other side. is lululemon losing to this? maybe. i think we'll find out in the next couple trading sessions. >> i was really impressed, so i would actually buy it. our innovation pipeline is going to surprise and delight you. the last firm that i heard say that was apple ahead of this big 22-point run-up that they've had up until the introduction of the iphone 6 and the iwatch. so if nike is telling me that they're going to delight me with what they're going to innovate with, well, i'll pay attention.

>> btw, guy, you laughed when i first brought athleisure a while back. but that's a natural thing that's happening. i'll interview you. coming up next, could this be just the tip of the iceberg for the selloff here in the u.s.? a look at where the charts are pointing to the moves as the key as our next leg lower. gold hovering your 2014 lows earlier today, though bouncing back in the afternoon. your best way is to play the metal volatility ahead. ♪ music plays ♪ music plays traveling can feel like one big mystery.

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welcome back to "fast money" live. massive selloff. tech and financials ticking off as the hardest hit sectors. we've got a deeper dive next. plus, gold prices settling higher on the day, boosted by the declines across the board in stocks, but what about the u.s. dollar strength? and later, the undercover apple supplier that could be facing serious pressure in the next few weeks. but first, we've got some breaking news here on apple.

let's get to josh lipton outside of apple's headquarters in cupertino, california. josh? >> well, melissa, i'm here at apple hq where i was just given a firsthand look at apple's so-called reliability testing lab. now, this isn't a lab most people have access to. very few people have been to this lab. what they do is exhaustively test their devices. all kinds of test for strength, for durability. obviously this is in response, the reports we've seen blowing up about it. the videos we've all seen about reports of users questioning the bendability of these new phones, and what am wanted to show me was the lab where they test these phones, a lot. the iphone 6, for example, 15,000 tests were contacted before that achb -- iphone 6 hit the shelves. the whole point of apple saying listen, we take the designs here, but we also take the

strength and durability seriously. i had the chance to sit down and talk with apple's phil schiller, the head of marketing. i asked him about these reports, about the bendability. he called them extremely rare occurrences. he pointed out that apple had sold 10 million of these next generations. a reported issue, the customers complaining about the bendability, so extremely rare, he said. also apple's head of hardware engineering. when it came to the iphone 6 and the 6 plus, he says they have never tested another product as exhaustively with this many tests as they did with those tests. so again, a unique insight into the lab, into how these products go through the test before they're available for purchase. back to you. >> did they basically tell you that not all iphone 6s bend? because they're calling it rare. and i'm just wondering what the

point is of saying that it's tested. didn't find in their exhaustive testing that some iphone 6s actually bend? >> well, i guess the point here is that we see the reports of all this bendability, and i think their point is that it's an extremely rare occurrence, that there's only been nine out of 10 million that have come back. i guess that was the point they wanted to make, to make sure that people understand that they take those issues of strength and durability as seriously as they do about the size of the screen, the battery life. they want to make sure that the outside -- as much time goes into the structure as it does outside. >> so they're not going to do anything about it is the bottom line. >> well, at this point, you've had nine reported cases, according to schiller. if you do have a phone that suffers this kind of bendability, i asked schiller what you could do. he said the policy remains the same. you would go to an apple store, talk to one of their so-called

geniuses. if that genius thought something could happen with that phone, it would be covered by warranty. but there wouldn't be any kind of huge policy about it. >> thank you very much for that. >> somebody should send apple a dictionary. i don't think they know what the meaning of the word exhaustive is. it seems like they've got three problems now. they've got a problem with their lab, too. >> guys. >> he seems to be in soap operas. i think the stock is going to 88. does not change my view. >> how did you short it? >> i shorted it because we published for our folks that this is one of the many videos that shows an iphone 6 plus being bent, had 8 million views yesterday. that was a lost. this morning, it was 20 million. right now, it was 26 million.

those are people that are going to put off purchases, i believe. so no matter what apple or josh lipton is nice enough to find out from their engineers, this is a problem for apple. it will probably have to be resolved with a case and there are a hell of a lot more than nine incidents. i don't care what apple says. >> how did you short it? >> the 195 spread. that's what i bought. >> i say poppycock, i think the stock is going higher. >> turn back to the markets here. it's my favorite word, actually. taking a beating today across the board, let's go off the charts. what should we be expecting? >> the question is, how much more could one expect? i think the place to look for cues is the russell 2,000 and the msci, asia, far east, and

all of europe exchange. so if you believe in decoupling, it would suggest that somehow the s&p is going to maintain its up trend, even though the russell are both now down some since july, about eight to eight and a half percent. so here's the question. is the s&p going to go the way of the other major aggregates? we think yes. the place to look for what's next is right here. i don't draw these lines. these lines draw themselves. we are on the cusp of violating this line. so if this goes the way the russell goes, the break is presumptively at hand. how far down? well, let's try to figure it out. here's the channel we've been in since the bull market began in

march of '09. we are above the top of this channel. i'm looking for, expecting something in the order of back to the middle. middle of this would take it to 1780. take a look at the long-term chart. the middle would imply about 1780 or an 11% drawdown. >> 11% down from where we are right now. >> right. >> how does that line up? >> i saw him with the little red line. he drew that line himself.

>> he doesn't really mean it that way. anyway, how does that line up? >> critical support. time now for big movers of the day. we've got a pop here for auto nation. >> how about that? car max, auto nation, a couple of the stocks people wouldn't have been focused on. this one one of the only pops on the board. lower rates, that has to be good for them. >> drop for tiffany's. >> not a huge drop on this tape. we've held there a couple times. i think you could actually trace tiffany's. >> a drop for blackberry. >> yeah, tough day. they did not like the past board at all. going into earnings tomorrow, i

don't have my stock position anymore. >> oil and gas producer. they actually managed to find themselves an incredible producing well. up over 12% over time. plenty of shorts in the name. that's probably part of the reason. >> gold bouncing back to end the day if green. why did gold survive the selloff? much more "fast money" straight ahead. when change is in the air you see things in a whole new way.

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gold prices bouncing back today. explain to me, frank, what these days is driving gold. i don't quite understand it because i feel like on a day like today, this should be the time for gold to shine. >> a lot has to do with the

dollar. the inverse relationship is very significant. what's driving this inverse relationship are real interest rates. last year when gold fell, real interest rates went from minus 50 basis points in the five-year government bond to plus-50 basis points and then by june of this year, they'd gone negative again and gold had rallied. so whenever we have positive real interest rates on the five-year government bond, you see the dollar strengthen and you see gold being sold down. >> okay, so basically are you telling me that there's no reason to own gold? that's what it sounds like to me. >> there is a reason, because of -- it's a tradeoff of money, and gold is money. so right now if you look at the spread with a five-year eurobond, the american five-year government bond is so much more attractive with a yield, so money leaves, and in gold terms, it's looking much more attractive than it is in u.s. dollar terms. so gold is money here. >> it's brian kelly. so when i look at u.s. five-year

break even inflation expectations, they've been falling for the last month. gold would do very well if we went into a qe 4, 5, or 6. what is your view on that? >> well, it all really is -- jewelry has taken it on the chin from i guess august 11th. i think the big factor is what are real interest rates on a relative base around the world and what is gdp per capita growth in emerging markets? when gold hit 1,900, we had negative basis points, and gdp per capita peaking in china and india. effectively known as chindia. you've seen negative interest rates turn positive. >> let's get to your picks. you're saying to stay away, but you do like a couple of relatively smaller ones. arroyo gold.

why? >> they get nice, sweet royalties. they don't have a lot of the problems, jurisdictional problems. they get royalties right off the top. profit margins like their software companies. and they've been great, great performers for the past one, three, five years. i'd also stay away from the gold etfs, active gold fund managers have been doing better. i think that that's a key component when looking at equities. >> great to speak with you. thank you. >> good to be back. >> what say you? >> every opportunity rally hasn't done it. >> nothing. >> the u.s. dollar index is up 15% year to date. how far down do you think gold is? >> not that much. probably 4%. >> it's up. >> up. >> so my point is -- listen, my point is the correlation with

the dollar is breaking. there's something changing. is this somebody just taking a very cheap shot? maybe. they were going out to november. stocks trading under 24. it would take a significant move. but it also would -- these options would move if these miners start to move to the upside. obviously newmont, which is a possibility. >> speak of unusual activity, dr. j, you're watching dow chemical. >> dow chemical. a ton of calls were being purchased in this name today. a lot of unusual activity in the name. we weren't seeing 50s and 20s. we were seeing 5,000 lots going

across the tape. long calls in dow chemical. >> we've had activity for a while now, something like dupont. even before all the talk about they should split up and all the rest of that. performing very well this week, dow the same sort of a story line. looks like these chemicals names. we can see where nat gas is and the rest of it. there's a lot of reason why these are a good spot to be placed. >> what do you think? >> a industrial name? >> not particularly, no. not really. >> what did he say? >> meh. m-e-h. >> would you? >> from 91 to 82 now. valuation reasonable. sold off with the broader market. >> you can't always would you rather. that would be too predictable.

>> i hate being predictable. >> exactly. all right. investors still digesting micron earnings. there's another name the traders are betting against. we'll tell you what that is after this break. act i. scene 3. open port twenty-two-oh-one-seven on the firewall for customer db access. install version two-point-three of db connector and ensure verbose flag is set in case of problems. (clapping sound) isn't the cloud supposed to make business easier? get the one that can connect to the systems that you already have. today there's a new way to work. and it's made with ibm.

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some traders are betting the company, which is rumored to be a player in apple pay, could see even more pain. mike with more on this. >> a lot of the semi names, you mentioned micron earlier, saw well above average activity. nxp traded about five times the average put volume. looking over the past couple of weeks, the top four options traded were all puts. and what was interesting to me was the 65 puts, the october 65s. people were paying about 65 cents for those. those are best that the stock is going to be down about 8% before october expiration. what's interesting is it doesn't actually capture earnings for this name, which is going to be reporting the week after.

but clearly, not just on xp, but a lot of the semis seeing a lot of bearish activity. >> hard, hard hit in today's session. >> as far as stocks i like within the semimaispace i like, like broad com. i think it was up today, was it not, pete? i think it held. finished up on the day. >> but nxp, we went through this whole apple ecosystem, this is one name i would buy on daip. they're involved in making sure your car is not hooked to the internet. that's a huge, huge growth area. so this is more than just an apple ecosystem story. >> the automotive chip industry is in excess of a billion-dollar industry now. >> now my '67 gto -- the only chips in there are my lays potato chips.

you know what i'm saying there? >> that's the car we should take. remember when we talked about going to a drive-in? >> we did not. i was not present for that conversation. our thanks to mike. more "options action" tomorrow. check out the website. we have got your first move tomorrow when we come right back. stay tuned. ♪ [ bell ringing, applause ] five tech stocks with more than a 10%... change in after-market trading. ♪ all the tech stocks with a market cap... of at least 50 billion... are up on the day. 12 low-volume stocks... breaking into 52-week highs. six upcoming earnings plays... that recently gapped up. [ male announcer ] now the world is your trading floor. get real-time market scanning wherever you are with the mobile trader app. from td ameritrade. sfx: ambient park noise, crane engine, music begins. with the mobile trader app.

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it's a brutal, full-contact sport. >> from the time the whistleblows, to the last play, i promise to keep fighting for you. >> jim cramer, leveling the playing field, next. time for the final trade. let's go "around the horn." >> i still stick with the big pharma names. had a lot of activity with pfizer recently. pfizer's going higher. >> i still like the u.s. dollar, but over the next fortnight, you want to lighten up. >> how many weeks would that be? >> two weeks. two weeks if you're on the metric system. >> dow chemical. bought it today. >> guy? >> want to watch the giant game? >> no. >> 8:30. >> vertex! remember robyn was here. she's right about this stock, by the way. on my left.

>> to your left. >> i'm melissa lee. thanks for watching. we'll see you back here at 5:00 for more "fast." keep it tuned here. you'll want to hear jim cramer, especially after today's selloff. "mad money" starts right now. my mission is simple, on make you money. i'm here on 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 try to make friends and i'm here to educate you. up day down day, flat day. investing can be a lot like comedy in both disciplines, timing is everything. ♪