thank you for being here. kayla, steve, my thanks, everybody. fast money is coming up in just a few moments, melissa lee. what's on tap? >> as you know, cancer immunotherapy treatment is the biggest thing, and we have the ceo in that area. he is an exclusive on the show. >> people say we're curing cancer and people aren't talking enough about it. over to you. >> fast money starts right now. live from nasdaq in new york city, i'm melissa lee. another record close for the dow and the s&p. but the top story, the new high hit. the srt hitting an all-time high as the holiday shopping season grinds into high gear. and talk about kate spade, catching an upgrade over bank of america, buy to neutral. and upping from $33 to 34 a share. this is quite a momentum stock. >> it is momentum stock.

we have had the ceo own. he's done an extraordinary job. talked about good margin expectations from bank of america. i think, you know, that plays into some of the other names. they fed on each other. macy's, coors, it was a very good day for retail. without, i thought, any significant news. decent weather over the weekend. >> right. >> but i think a lot of them are not expensive. >> isn't this dangerous? this is like with michael kors. the comps are same. it's hard to live up to the numbers the margin are staying without the big promotions. you have to be cautious. kors, look at the pullback, 30%. around here, starting to look interesting again. but looks like the same set yum. >> it seems like there was a fear about kors becoming the new coach, and now kate spooid beco spade becoming the new kors.

>> it's expensive, 45 times ford earnings. but both have pulled back about 30%. maybe give use a decent entry point. especially if the tape is going to corporate. >> but as a trade, looking at it holistically, don't you think it's a monkey trade chasing it after the runs. had the srts up 17% from the october lows. we're running into what has to be probably the most promotional holiday season on record. we're seeing a lot of these discounts early. you may see record sales -- >> yes -- >> you guys are talking about a beaten up ones, coach and kors. i don't think this is the sort of market where you want to buy laggards. that's in the xrt, they are making all-time highs. walmart, a laggard, now up 18%. i'm in tim's camp chasing things in general. don't paint the whole thing with a brush. if you have record sales, you

will have disappointing earnings. and won't play well in q1. >> the monkey that wasn't made, but you talked about. i think in some cases you have a period going into year end, they will rally, i think that's what you're saying. >> get out in front of it, don't chase it right here after these gains. >> let's talk about another all-time high today. this one for apple. hitting an all-time after upping the price target to $135 a share. sell almost 72 million iphones in the current quarter. that came from kgi. widely regarded as the most accurate apple forecaster out there. that's why so many people put so much credence into this one episo episode. >> listen, you know where we were for a long time. as long as it stays -- if it didn't breach out one or two, 88, 95 and change, close above 103, anything above 110 is

uncharted territory. as long as the market stays sort of benign to slightly higher, there's nothing stopping this at the end of the year. >> the options market? >> keep rolling up. and that's a great point. today, there was a roll. 7,000 calls of december 115 up to 119. they want to keep it going. taking profits and using less premium to have in the market. >> it's supressed. >> it's low. but there's a bid for downside puts. it's appreciated 25% since the obtain lows. >> do you think it's a bullish or bear iish trade? >> i think it's prudent. if you're buying calls, this is your strategy, it's going to keep going, take premium off the table and risk the profit. >> going down. >> and really quick, this to me is a refresh cycle going on in phones. best buy, everything they showed, gross dollar profits happening, 4 k tvs, i like best

buy, the consumer electronic. i'm long apple. trying to give you a derivative trade. apple proved they are the retail company. they are one of the most profitable in the world. but the ecosystem is why i own it. >> aeropostale soaring 9%, run up this month in ahead of black friday. what do you think of the move? >> the way to play it, go back to abercrombie and fitch. wanting to stabilize. they are not the trade, go to a and f. they are not a winner for quite some time. but i think into the season, could catch a bid. on the beta trade. >> under armor, they are doing a lot of thing hs right. in the last quarter, disappointing, banging up against 70. it's a huge, huge resistance level. a break youth between you and your end. >> what's going on with gap in terms of the holiday season?

>> they lowered the bar when they missed. and not doing well. but i think that reaction was really overdone. so the stock rallied just a little above 40 now. the bar is low enough they need to not blow it completely. >> we wanted to see the best performers from now to the end of the year. we did it for the past ten years. and according to ken show data, the highest positive trades and returns, including, surprising list, sonic auto, 7.2%, footlocker, up 6.78%. and ascena, formerly dress barn, and a cons, a top performer in electronics. a competitor if the best buy. >> this is what happens. the seasonal play is to be careful about. i don't know if you hold it into january. look at margins that have stabilized. and it's overcome.

be careful. much past this, had a 30% run in six weeks. >> footlocker, coming off of a good quarter. it reversed and traded an all-time high, reversed closed lower on the day. you have to recapture 60, effectively where we traded on friday to continue. >> the call of the day right now, shares of solar city, extending gains to outperform. bring in the analyst who made the car, ben, great to see you again. >> thanks for having me. >> price target is $83 a share. and you have had good calls. your downgrade, it's come in 24%. your price target is a whopping 51% return over the next year or so. the first driver of your upgrade is what's going happen in 2015 and 2016 with record number of solar residential installments. what are your market assumptions

in their market share versus their competitors over those two krit corral years? >> moving into q3, get out of the back end loaded nature of the year. improving on the stock. look out into '15, '16, solar city maintains over their 30% of market share. and i think that actually when we move towards a post-subsidy era in 2017 and beyond, at least when the subsidy steps down, i think they are in the standpoint where they can gain share because of their scale and their cost advantage against a lot of their competitors. >> what make you so so certain about their cost advantage compared to the nearest competitor? they're all in cost per watt. is that fairly close considering theirs is a third of solar city. theoretically, as market share increases go on, there's more

synergy and cost savings for each of them. why do you think solar city will be able to maintain the cost advantage over vivent? >> sure. they have made acquisitions on the technology front to help drive down costs. on the financing side of the -- of the business, they continue to make innovations through their solar loan program. that will help drive down costs. they're making innovations on customer acquisition, which is a big part of the whole residential solar business. driving down that acquisition costs and because of their scale, and because of solar city being the number one brand, i think that's something we have to focus on. that's the brand out there on residential solar. you see the big, green trucks and the green frpriuses and eli musk, that drives down acquisition costs for new customers. that will help them maintain their advantage going forward. >> it's karen.

when do you think that we will see oil prices and solar city decouple? >> fundamentally, there's little relationship. less than 5% of electricity is produced off burning oil. but perception is everything. obviously the stocks sold off with oil. last week, the deal and chinese reports out there being good. china market firms up. that's helped improve sentiment. i think as we flip the calendar year, too, this is one of the reasons for upgrade, the u.s. market is humming. the rooftop market is strong. there's positive headlines all over the board. and i think that will help restore investor confidence in the space we're not back in 2010, 2011, 2012 when the market was going to the bottom. >> how important are rising interest rates in your models with and be do you think the cost savings per watt will offset the rise in interest rates for the consumer. >> that is a risk.

it's something we watch very carefully. obviously any kind of energy products are dependent on the cost of capital. it is something we watch closely. it's something that could be a risk for solar city right now looking forward. we're fine with it. we feel comfortable with it. we feel comfortable with our upgrade here. >> ben, thanks for your time. >> thank you for having me. >> ben upgrading solar city. what do you think? >> i think karen hit the nail on the head, decoupling. moving solar city from 80 in march down to where we are now coincides with oil. a bit of a double bottom, traded down in may, and held down now. ben has been aces in all of the cases. but back to 83? but everyone 65, 70, that's a big move. understanding they are volatile, you can play it. >> this move in oil has brought down the space across the board without any exceptions. and he said it has not one io

iota -- >> it's the same conversation last week. >> exactly. >> and it's a very important one. from an opportunistic perspective, look what they're doing, executing on their targets, getting costs down, and getting progress in commercial space. walmart, installing our their rooftops. not big in terms of the big picture. between 52 and 70, that's where you protect yourself. own the stock, and you have to watch out. >> option prices are cheap in this name. because it's been so volatile, the prices haven't been very high. to tim's point, use 50 as a stop, you can buy near the money call here is with the stock in 56.35, the january 57.50 calls are there. and you can define the risk to give or take a few bucks here. and look to me, 70 could be a moon shot. >> coming up next, 3-d printing announcing a new deal, sending shares of one competitor tuming.

the details how to trade it, next. and sending shares of tesla higher intra-day. back in two.

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shares of tesla rising as

elon musk says he's in talks, bmw for batteries and parts. and making bullish comments earlier today on squawk alley. >> it's about the batteries. they could ultimately almost change society if they pursue battery technology that really creates the ability to store enough energy that you could run a house on. get yourself off the grid. particularly in the sun states, here in southern california. solar could really take over. it's risky. you're right. it's at a high evaluation. but i like it. >> gun lock is long tesla. the comments didn't say why tesla itself, the stock, would move high perp but reasons why solar would move higher. >> and that's good for a fragmented industry. you want to see this, especially looking towards ev. but doesn't give you reason to support their valuation. which is what i think he said. the bmw has a fantastic car on sale right now. they could be sharing

technology. it's a place where they said no competition for tesla. totally wrong. it's not an auto company, it's a technology company. . >> the thinking is it lifts all boats, speeds up adoption. but you're making a bet that tesla will be superior to bmw. >> and i think the morgan stanley note last week took the wind out of the sails. it felt like 280 until the stanley note came out. maybe they're right, or not. and they cut the eps forecast in half for 2015. i think you trade against 220. that's a big risk. but i think the market favors the upside. >> gun lock has been talking about this for a while. in the summer, he said he should go to the car companies and say we're out of the car business and sell you batteries. it could grow into the valuation. there's no reason they can't be

the samsung, like in consumer electronics, sell components to the end users. >> samsung has been skidding right here. >> but think about it, adoption -- >> people were comparing apple and samsung. different companies. >> i like it. >> and why he sees treasuries headed in the next year. >> the surprise will be how low a level the u.s. yield curve flattens at. i think the fed's going to raise rates. the message of 2014 has been as the potential for fed rate hikes has increased, the long end has done nothing but rally. yield curve will flatten at a level previously thought unthinkable. >> that hasn't happened yet, guy. >> kudos to guy. >> he's been talking this, flatten at a lower level. trade it down to 189, bounced since then. but i think the bounce in rates

or the softens in bonds has been healthy. i think it sets us up to move lower towards the end of the year and into early next year. >> i don't love the idea of a flat or worse, i guess, theoretically possible yield curve. the net interest is so kweez squeezed. it could happen. >> then what? >> make more money on fees. >> okay. >> i think they're trying to change the mix to you get a better multiple on fees than spreads. >> okay. let's move on to 3-d systems, top trades. soaring 6% after announcing. buy a competitor, hoping to strengthen their businesses. maybe the most interesting was autodesk. down 1.5%. finishing the day down 1%. >> this stock opened at the high level for the year. about 98 bucks or so. it's had a horrible year

obviously until today. we traded down, effectively held the lows last year. had a lot of analysts weigh in on the acquisition. price targets anywhere from $45 to $70. crazy as it sounds, at 38 earnings, it's not an unreasonable valuation. the shortage is 40% the ri risk/reward sets up well on the long side. >> make so many acquisitions, you don't know their organic growth. >> the ceo has been on a lot. when it was trading 25 times sales, didn't make sense. the stock's washed out, has a ton of short interest. in the mid to low 30s by year end, you're going to have a move above 40 at some point. and it can act like a coiled spring. i didn't love to see it up 6% today. >> coming up, a slew of companies filing for ipos. sit down with one of the names

at the forefront. that's next. inovio pharmaceuticals. and will saudi arabia stop prices from falling. we weigh in. stay tuned. . >> this is fast money. have a markets question for the fast money traders? tweet us at cnbc fast money.

welcome back to fast money. watching shares of pa low al to networks. the network security and software maker, better than expected first quarter results. and looking to guard data and networks from hacker. but investors may not be as impressed in the after hours. down 2.5%. again, beat on the bottom line. a slight beat on the top line here. and then they did say the q2 earnings gans guidance was in

line, but still, this is a stock beaten up in the after hours. perhaps not as good as some investors would have liked. back to you guys. >> sure. thanks for that. this is one of these examples where the stock runs up so far, a tremendous run, meeting expectations is hard. >> all-time high today. a quarter was fine, to his point. the guidance was not great. not the street was looking for. and the multiple, close to 80 times earnings, it continues to be a growth story. if this stock opens up 110 and rallies, i love the story. i love the story despite the post market. >> like the call. >> very nice. america and pfizer are teaming up to develop cancer drugs that fight the deadly disease from the inside out. one company is leading the charge. let's bring in the ceo and president of inivio.

they are concerned and interested in the pipeline. kicking off with ino, 5150, which is a drug you had a partnership with roach. they dropped the partnership. you're of the immune responses and safety from these trials. how well this immune therapy is working. >> right. and that drug in particular would be a treatment, amino therapy treatment for prostate cancer. i want to talk about the treatment for hpv-induced

cervical cancer, expecting to start phase three in 2016, why the long delays in the phases? >> certainly this is a new era of treating cancers with the patients own immune system by harnessing and releasing the power of that. and vgx 3100 does that in a phase two clinical testing which we released the top line data earlier this summer. we were showing that by three jabs into the air, you can clear the pre-cancerous lesions without surgical intervention. that was fabulous data. >> it does seem that the lag, the period in between, is quite a long period. >> unfortunately, we're in a highly-regulated industry with the fda. racing as fast as we can. we're preparing the production of the large-scale product manufacturing already.

and we're -- we're prepared to meet with the fda to finalize our protocol in 2015. >> for both of these drugs so far, these are both examples where you're going at it alone with a partner. in the most recent quarter, ended with $101 million in cash. you had enough to fund operation through 2017 within which includes the vgx 2100, and include the others? do you have enough cash to do these costly trials on your own without a partner? >> yeah, absolutely. so we were able to leverage the partnership with roach pretty well do get to the goal line. and punching it in, the cost of the trials will be a small portion of the cost of getting the product to the clinical testing. we're very well prepared with a minimal impact to the bottom line to do the next study. and, you know, roach actually won a bidding war between multiple companies to get that first license in the first place. so i don't think we'll have any trouble finding another partner

after -- especially if we have great data from human testing from this trial. >> and doctor, the last time we spoke to you, it was about ebola. you had a treatment tested with great efficacy in prime minister -- primates. now that the worst could be over, or certain treatments identified which don't include your treatments, is it prudent to just sort of cut bait on this? >> yes. no. >> no. okay. >> i think it's prudent to pursue all different options. no vaccine has shown to work in preventing infection of ebola virus. so we're actually manufacturing the products now. we're on track to go into first human testing by early next year. so we're fully-prepared to -- to take that into the clinical testing. we have been engaged in a multiple government agencies to

get -- >> and the space is volatile. not a huge market cap. less than a billion dollars. close to $650 million. right. it's a great story. and comes sort of -- you talked about prostate cancer. that's a bit of a cautionary tale. on the other hand, make puts the wind behind the sails of ino. it's volatile. it's one of the stocks that's by their, play it that way, be my guest. >> people are worried about the cash. spending about $10 million a quarter. phase two showed proof of concept. you have to stay in the stock. at the least, it's a neutral. and the volatilely is not bad. it's somewhat flat. >> coming up next, opec getting set to host the most important meeting in years. how are they playing the oil

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still ahead on fast money, opec's most important meeting days away. how to play it ahead of the decision. and breaking up is hard to do. google glass biggest proponent is turning the tables on the fancy eye wear. and karl icahn did not get into the ibm. that is ahead. kick off with oil. crude, falling ahead of the opec meeting. west texas prices dropping 30% in the next six months. whether opec will cut production and stem the bleeding. joining us now is dennis, heedir and publisher. good to have you with us. >> good to be had, always. >> what do you think happens on the 27th? >> opec will announce a cut in production. there's no question. they have no choice. they have to put the best foot

forward. the question will be what will they do when they have made the announcement. and the answer is opec lies. they have always lied. all the member haves always lied. always agreed to cut production and rarely followed through. if you are iran, you have a real problem. you have a problem with cash flow. you have made promises to the citizens in the form of subsidies and education and health care. all sorts of promises for social benefits that need $130 per barrel crude oil. doesn't matter what iran's production costs are. they're much below the current price of crude oil. but their cash flow is so high. so what happens when you're iran? you promise a production cut, but for all intents and purposes, increase production, not decrease production. that's the problem. >> walk us through the trade. this is tricky. most of us are celebrating thanksgiving that day. they announce the production cut.

there is a knee jerk reaction, so crude goes higher and that bounces -- what happens -- tell us what happens and what you're doing as skrud reacting. >> the trend of crude is from the upper left to the lower right. it has been a bear market. if you get any bounce, and i mean, any bounce, perhaps a dollar, which i'm not sure you're going to get, especially after today, even if you got that, onl to the high 70s. any bounces you get are to be sold. crude oil is going to go quite a good deal lower. they have no choice. everybody will cheat. iran will cheat, angola, venezuela, and you have to laugh. the russian oil minister today said he was going along with opec and not increase production. isn't that nice? wasn't that sweet? >> dennis, it's karen. let me and you. educate us, what's the whisper lie out there. and when do we know how much lying there has been?

>> the -- the lying will be that they will cut production between half and skml a million and a half barrels. that's what they will say. hope to get everybody to agree to a million and a half barrels. the announcement will be between there. they will all cut production for two days, two hours, two minutes. within a month we'll find out that they have all increased production well-past what they are producing right now. because they needed cash flow from it. so it's just a matter of remembering what opec has always done. my wife says don't say always and don't say every time. but almost every time opec has lied, and they have cut production. agreed to it. and without equivocation, they go out and produce what they had, if not more. and they're going to produce more, not less due to the cash flow. >> oil in the 60s before the 80s? >> yes.

absolutely. the structure is telling you that. there's plenty of crude oil around. the term structure has gone to the -- crude oil is bidding for storage. prices are heading lower. surprisingly so. >> dennis, thank you. happy thanksgiving. dennis gartman. and it's gobble, gobble day. i did that because guy hates it. in terms of the oil equity trade. that's what most people are trading. if we are to believe we see oil 60s before the 80s. >> some of the names, petr china, they have room to rally. and you have a scenario, oil going into this meeting can -- there's a lot of squeezes. i think you're set up to rally. a spike, maybe not sustainable. i agree. losing about a million barrels of demand, and there's tons of

supply. so much has been priced into this, long into the meetin ingm >> if you believe that oil is going to 60. >> do you? >> no. but downgraded cbi and jacobs engineering. but if you believe a bounce, i believe they're dirt cheap. the bottom in terms of the stock price. chicago, bridge and iron off the down grid. >> time for pops and drops. a drop for verizon down 1%. >> downgraded citi to a knew ral. flat on the year, i don't think you have to step in and buy in front of increased costs in 2015 to compete for customers and spectrum. to me, buy it here for that yield, you keep astop eive lent, that's 56, 47. >> drop for solar. >> speaking of correlations to solar to oil, a great case in

point. they're up 18% year over year. >> third quarter, missed by a fenny. stock, 10 bucks and the floor, then step out. >> speak of the devil. cbi, down 5%. >> nine times forward earnings. traded that and held the low in 2013. i think it's expensive at all. a bounce in crude oil or energy, it's a coiled spring. >> like that. >> exciting, yeah. >> pop of foot looker up 3%. >> announced earnings, and traded up and down. event though i thought the call was good. a tiny fear on margins. a lot of upgrades today. a few houses, jeffreys, maybe buckingham. overdone. like it. but you've missed the rally now. sorry. >> earnings alert here after the session. don is in the news room. >> here's what we're watching. nuance communications, providing

voice and long solutions. voice recognition software for smartphones. the stock is moving higher. 3.5% to the upside. better than expected fourth quarter results. up off the after market highs 3.5%. a different story for workday, which makes cloud-based hr, human resources software. posted a narrower than expected third quarter loss on better than expected revenue. a good story. but fourth quarter guidance was in line with wall street views. as a result, maybe investors not as impressed, down 6% in the after hours. >> thank you. quite a tumble for workday. >> a week after salesforce.com had weak guidance that investors didn't like. tech investors are choosey. there's some high valuation things, take palo alto, up to 52-week highs heading to today. they don't like the other two. stick with the ones that are

working. don't buy the dips. >> nuance, operating margins better than expected withen and bookings for the fourth quarter, up 25% year over year. that's good. a lot of activist chatter in the name as well. that should make the stock a buy. i like the name. >> should you cross google glass off your holiday shopping list? why google's big experiment may be coming to an end. more fast money, straight ahead. the equipment tracking system will get you to the loading dock. ♪ there should be a truck leaving now. i got it. now jump off the bridge. what? in 3...2...1... are you kidding me? go. right on time. right now, over 20,000 trains are running reliably. we call that predictable. thrillingly predictable. it's more than the car.er. for lotus f1 team, the competitive edge is the cloud.

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♪ the google rumor mill has been churning in recent weeks and painting a gloomy picture for the eye wear. twitter reportedly stopped supporting the app. and rumors that google could be closing the retail glass shops. and joining us, lance, who wrote a story, why i'm breaking up with google glass. good to see you again. the last time on the show, you brought the glass, big enthusiast, loved the thing, and now -- >> i like the way you say i brought the glass. >> but you now hate it. what happened? >> look.

i'm uncomfortable. right now i'm uncomfortable pop to be fair to google. you can get parker glasses and -- >>day yan -- >> right. but how many average consumers are going to do that? thinking about fashion and style. not thinking about information, i have to know everything going on or record everything. or by the way, i'm recording alloff right now. the reason i'm doing that is people are asking, are you recording me. you can tell if i am. why am i having that conversation? here's the thing. wearables are future. i believe that. but until they can be completely subtle, highly fashionable, where you don't think about -- you almost forget that's technology baked in, it's not going to work. >> can't tell i'm wearing them not for nothing. >> except for the bright light. >> the wart on the side of my head. you know, i mean -- and -- >> but to get it right, has nothing to do with the

technology. your feelings, feel like a glass-hole. >> some people treat me as if i am, sir. >> okay. >> but, no, it's -- it can be difficult at times. but i do think that the technology is smart. i think the idea of being aware of your surroundings, informed of information relevant to where you are is useful. does it have to be in any face, does it have to scream, i have information on my head. i don't think so. >> you're not going to wear them because of what other people think about them. >> that is right. that's what i tried to explain in my post. it's really me. it's me -- i went from being, i don't care what other people think to i love you. to i don't love you so much. and i realize other people are looking at you like you're not cool. >> but you must be used to that. for anyone -- you said

yourself -- >> well -- you know -- >> so many other technologies. >> and i think that's cool to not care. >> i say care what people think and then i do something like this. i wear two smart watches. why? because i can. >> taking off the glasses -- >> i would wear those. >> and one of them happens to be a moto 360, based on the android. not the end of wearables. this is a break. i think google would acknowledge we are in the early days. they not walking away, they're baking it into the next version. and as far as the support is, they may have closed base camps, supporting it online. not done. >> pioneers withstanding, how much to invest and what it means for the stock? >> google doesn't talk about the products building these on the side. they start with 20% and move into products. spent a lot of money. a lot of design and effort and a lot of people. but i don't know what it does.

because i think everybody has made a difficult bet on wearables. you look at apple. the biggest question mark in their product lineup is apple watch next year. no one knows if this is going to work. i'm wearing wearables and i don't know if they're all going to make it. but i think that later, five years from now, it's going to be a part of our lives. but it's going to look a lot different. >> only hope. >> thanks for coming by your glass. maybe this is -- the pointers, new mexi erers th the bucket. we were having the conversation on the break, maybe not the problem itself, but the intellectual property developed in the course of making this. >> no doubt. like lance said, part of their future as far as wearables. but let's just say,

reputationally, cost a marriage. there's a lot of things. >> really? >> it did. he left his money for the woman who was one of the big sales people for google glass. google it. >> character issues -- >> but it's a high-profile failure and something they are at the forefront of doing. >> is it? >> really? >> i was going to say, to their credit, they don't care about the aesthetics. and that's why apple is going to work. apple is about the brand and the cool and it's not coming out until it's ready. it's different than google. >> i think they have a right to have failures like these. could be incorporated, the technology could be incorporated later. and think about amazon with the fire. so many failures. >> the phone. >> but that's part of being an innovat innovator. you're to have failures. >> google, sideways, apple is higher. google has been dead money effectively, growing at 20% on the top line. which i think is great. >> google, trade. >> the stock held 510 twice this

year. not traded well this year. you had the big bounce in late october, early november. traded lower since. it concerns me the way the stock is trading. >> still ahead, bullish bets as rumors hit the streets that karl icahn is taking a stake. we break down that trade. that's next. ♪ [ male announcer ] andrew. rita. sandy. ♪ meet chris jackie joe. minor damage, or major disaster, when you need us most, we're there. state farm. we're a force of nature, too. ♪

have on the options market. >> right out the gate, the stock opened up traders started gobbling up -- >> look at the date chart of ibm, this is the big ramp. almost 2% early in the market. scot broke in, scott sold off 1%. stock closed up 75 basis points today. but the options price,s this is the weekly 165 calls. they closed 12 or 13 cents down.

this is short-term traders kind of getting leverage on the potential for some sort of announcement this week. when you think about what's going on, i'm not a fan of chasing short-dated options. especially in a holiday week. when you think about ibm, the worst-performing stock in the dow jones industrial average. here's the trading at the lows of the year. this is implied volatility. this is the price of options. if you are going to make a contrarian bet in a stock like this, buy longer-dated calls, and makes more sense. >> is this a dog of the dow? >> it has been. >> next year will be a balance for ibm. >> no. they have no visibility -- the reason three years ago, the visibili visibility. don't have it now. the performance was stock tell

use everything you need to know. >> michigthey have no idea how the volume is. it's a cheeap option. >> check out the live show, 5:30 eastern time on friday. >> do it this friday? >> no, not this friday. >> thanks for pointing it out. >> because of gobble, gobble day -- >> turkey day. >> a lot of our oa fans are tuning in. >> deep into her shopping mode at that point. >> i hope so. coming right back. stay tuned.

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execute your ideas with speed and conviction. and it's only on fidelity.com. open an account and find more of the expertise you need to be a better investor. time for the final trade. around the horn. tim. >> talked bout the low bond yield trades, go buy the french etf, with stimulus, europe is going to outperform. >> the movement in the xr it, and retail, a lot of good news. take profits, sell. >> karen. >> the heels of what dan said, foot locker, upside sales. >> i'm on the other side, we talked about gap holding 38.

i sat next to him last week, seemingly held 38. i like gps. >> i'm melissa lee. see you back tomorrow more fast money. keep it here. mad . >> my mission is simp -- 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 hell 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 make a little money. my job is to educate and teach you, so call me or tweet me. give me a thesis, any thesis, and i'm a buyer of stocks. that kind of thinking, which i