obviously you've noticed huge swings. we'll give you the one pick to weather the volatility. >> can't wait. straight to you. live from the nasdaq market site, i'm melissa lee. break manage just ting this jus hour, samsung approaching blackberry for potential acquisition. and tesla's rough ride, the stock sinking after the ceo saying the company would not turn a profit for another five years. but first, tonight's top story. return the volatility. stocks sinking today after weaker than expected retail sales numbers. and even with a massive midday, closing in the red. are investors concerned about global growth and stronger dollar? something raoul pal brought up

last night. >> i think this year all things being equal, i think we may have one of the biggest moves we've seen in a long time and in the dollar. i think we have a potential for a plus 50% year in the u.s. dollar. if that's the case, oil will come down further. oil is just one of the things. >> so when you take a look at what happened with retail sale, when you take a look at what happened with kb homes yesterday, the consumer is not necessarily getting that boost that everybody thought the consumer would get because energy prices are that much lower. >> it hasn't been this low that long. oil had a precipitous move down. and i also think we really have to see specifically who did well and who didn't. i don't believe everybody did poorly. to me a lot of things got very kroefr so oversold today. a new position for us is michael

kors. the stock is always way too expensive. they have had great growth. they have done a ex-book job of building a business. it trades like there is no growth left in this story at all. i absolutely don't believe that to be the case. and it has never come remotely close to a multiple like this. this a value multiple for a company that i think still has growth and provide as good opportunity. down three bucks at one point on nothing. >> so consumer name of all things. >> energy reversal today was interesting. but to answer your question, it's clearly a great thing for consumers. the gas price being where it is. but i think it's more than offset by other costs not the least of which are health care costs. obviously yesterday was the reversal in the market i think today's flush was probably expected. the bounce was interesting. i like the way it it bounced. i like the way some things

reversed. maybe today give you a tradable bottom. >> these guys are talking about the benefit to the consumer. lower gas at the pump. but let's talk about corporate earnings. gas or oil is a huge input. but one of the things u.s. multinationals actually -- if the guest from yesterday is correct, if we continue to see this, as some point you will have that deflationary effect. so you will see in my opinion the strong dollar offset some of the benefits of lower input costs which is crude. and that makes for a pretty difficult situation. if you think about it. because the way that the market gap down, this is pre-opening on that retail sales number, i don't think investors were really expecting that. so if that becomes a theme, then we're really in the reverse of a goldie lox scenario here. >> to karen's point, a lot of economists said it's a seasonal effect, we'll see the result of lower gas prices and energy prices in january's numbers.

>> and i think it's too early to just go off of one data point and suddenly everybody says they're not out there spending. first of all, i don't think there is time enough to react right now. and you look at the volatility in the market right now says a lot about how thin it is. we talked about a lack of participation early in the year. when you go to the very last week of the year and the first week of the year, people just aren't trading their positioning i think we'll start seeing more of that. we're starting to see volumes today again for the second day of the year so far. we actually have real volumes coming back in. and that turnaround, the retail sales and jpmorgan, that hit the markets. but when oil turned away, look at that reaction from the marketing pulling them right back up. >> were you in the banks? >> i was. jpmorgan was one of those that i can definitely jumped on today. >> longest dip you're willing to buy. >> and a big trade around noon, there was a buyer 43,000 spy

next week, 195 puts. stock was at 2 oorks they were buying the 195 put. $5.5 million in premium for 3.5% break even. that was the sort of activity we were starting to see today for the first time in big indexes, seeing panicky reaching for protection. >> but i love when they do that. that's usually a sign of the bottom and people panicking to buy either protection to the down side -- >> but they want to protect their positions. copper getting crushed falling to 2009 levels. brian kelly called the copper kru crumble. >> i think going into 2015, copper is probably one of your better commodities out there. even if china gets its act together. they are not going to be building as many house, they won't have the type of demand for copper. >> bk, now what? >> well, that escalated rather

quickly. what happened basically in copper, here is a longer term chart. a big day today, but take a look back, get a little perspective on this. for the better part of the last two years, $3 has really been your support level. we know that china has been buying. we actually even know in december they had record imports of copper even though they're not building the cities that they used to build. they will not be building the houses and apartment alleges. this is the line i started in december. we broke that $3 level. that was very critical. now look what has happened in the last couple days. we have now broke a level that we haven't seen since back in 2010 really. 2009, 2010. and what that means is everybody who has bought copper in the last four to five years is now in a losing position. what concerns me is we also know that this is part of the shadow banking system in china. so when the collateral goes down, you have to unwind more and unwind more and unwind more. and last night around 9:00 p.m.

new york time, you saw big chinese sellersper market. so i think it has more room to run. you can easily get down to $2, $1.50 without a question. >> so is copper the only short that you have on now or are you also short some of the commodity currencies and miners? >> i wish i was short fcx. i did leverage copper futures. and in terms of the commodities, for the time period, i'm just short the u.s. gldollar for a little bit. that's a two week to 30 day trade. and i did cover a little bit of that, too. >> fcx traded three times more than normal volume. a pretty huge move in that stock. their difference denividend isn

control yet, but it's getting up there. every lever they pulled 10, 15 years ago, they seem to be pulling it wrong now. but i think there is an interesting long side trade coming up in earnings on the 27th. they will flush this thing. they will not be able to say anything good. you wonder what comes out if anything about the dividend. today was a huge volume day. i think you see a couple more. >> you may remember last week dennis gartman had this to say. you buy u.s. equities here on this pull back? >> give me another 200 points on the down side, you bet i will. >> let's bring in dennis gartman. you got that 200 point pull back on the dow. did you get long u.s. equities? >> i got long tanker stocks. most of which are here in the united states. and that's the only thing actually that i bought. we bounced violently in tankers

from there. some of them are up 60, 70, 80. one up 100%. so yes i did get long stocks at that time. but i got to tell you, a week ago seems like 2 1/2 or 3 or 4 years ago now. it was amazing how things have changed so dramatically over the course of a week. trend lines are now being one and i stepped back up and bought more tankers today, but i have put derivatives in position to get myself as far as the broad market is concerned actually slightly net short. so i'm long a lot of tanker, but i have derivatives on to get myself just slightly net short. bringing trend lines is bottomibottom i bothering me. yesterday's action and today's action bothers me. >> so back to the original question. originally the question was would you be long u.s. equities with a 200 -- i asked you when you would get long and you said another 200 points. so you were long tankers before, you just got more long, bought

more tankers, but you didn't actually when it comes to exposure, you are nare net shor? >> as of this afternoon, i am slightly very slightly net short. the trend line that i had hoped would hold held for a week. yesterday's activity was just devastating. and this morning when we opened lower, we broke that trend line that should have held all the way along. it didn't hold. and you have to pay attention to that fact. it may -- today's action may prove to be ephemeral. today's decline may prove to go up in smoke in 24 hours. but i have my doubts. so i'm slightly, slightly net short. but i'm long a lot of tanker stocks. >> this is karen. so does that mean that you have an embedded oil bearish bet? oil did turn around pretty sharply today. and much of the downdraft of the stock market aside from euro zone issues as been this oil

you've. so that could be a fly in the ointment. what do you think about that? >> karen, people laughed at me three and four months ago when i said i thought crude oil was going to go down perhaps as low as $10 a barrel. i was violently bearish of crude oil. always explaining that the contango was continuously widening. today you had a nice bounce. you need a nice bounce. i suspected what we saw today was nothing more than a short covering rally. we could go another dollar or into and do nothing to the efficacy of the bear market. i think crude oil is still heading lower, but we had a good bounce today. that's what gave you the bounce in the stock prices. for whatever roeason, oil and stocks seem to go in tandem. doesn't make sense to me, but that's what is happening. i think we'll end up seeing brent take a move to a discounted wti which is going to tell us that this market

continues to go lower, the contango continues to widen. and the only thing that is helping the crude oil market is the fact that crude oil is moving into tanks and tankers around the world to take up the an bbundant supply. >> dennis, thank you. so where is the oil trade at this point? in particular oil equities. we have barclays coming out cutting their ratings on enp companies large as well as small. >> i think they try to make a bottom today. it started with the commodity and we saw some closing selling and puts in some names. put buying yesterday. but to me, the problem with equities is we saw the money flow out of energy stocks and go into sectors like retail and home builders in november and december. and those trades got squished in the last couple days. home builders yesterday, retail today. so the problem i see, there is no leadership. energy won't lead us off the

bottom. we need it find new leadership and we also lost financials today. so when you think about it here, there is a problem going forward because some sector is going to have to emerge to get us out of this. >> so you think stocks in general are going lower? >> i agree with again misdennis you want to sell bounces. the lower we go, the more treacherous the trade becomes, the greater likelihood of a short squeeze. >> areas where do have leadership, big phrma names, that has traded very well. and then chip stocks. earlier today, the chip names were all still positive and they were the first area to turn positive. they ended up rolling over with the market as it tipped contin to roll over. but there is no need to be the first one in. the vom tilt remain there is. until we see stabilization, i think it's a no touch.

>> jpmorgan's legal costs hurting earnings and jamie dimon says big banks are under assault. plus blackberry soaring on new reports of a takeover offer. details on who could be buying and whether it's too late to buy the stock. ors! vectorvest mobile is here and it's free! make faster, smarter, better trading decisions with vectorvest mobile. the most powerful app or managing your portfolio from the palm of your hand. only vectorvest mobile analyzes, ranks and graphs... ...over 16,000 stocks worldwide, everyday,... ...and gives you clear buy, sell, hold recommendations... ...on every stock; anytime, anywhere. vectorvest mobile comes free with your vectorvest trial. get it now! visit vectorvest.com/mobile to get started

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blackberry stock soaring. john has more details. >> let me give you con test. the reuters report says the valuation samsung was talking to blackberry about could be as high as $7.5 billion. what exactly does blackberry have that somebody else might want? well, got to remember samsung just announced a partnership with blackberry back in mid november where samsung was not software that works in the enterprise is actually going to work through android with blackberry's blackberry enterprise server 12. that is the hope of the company, hoping to grow in 2015. that software manager is not just blackberry devices, but also ios and android devices.

what john chen has managed to do over the past several quarters is reduce blackberry's goexposu in hardware and try to position it at an enterprise software company. of course at ces, he was talking about qnx. also announcing that they want their blackberry network to be a secure network. my take, there are other companies that could take an interest in assets like blackberry has. ibm in particular, but also that's a lot of money right now where blackberry is now valued and there are a lot of governments who use blackberry who would want to weigh in on any kind of an acquisition. so this is not a simple deal. >> thanks so much, jon. we're joined by brian kelly. what is interesting about the

price action is, yes, we saw a huge increase, but it still didn't reach even the bottom end of the range. >> a couple things. the fact that they were approached and it didn't happen concerns me a little bit. what happened when they had the conversation with them. why didn't it go through, can they want more money. is there something else in the picture. ooi i'm not sure. i do think there is more value to it. there is value to the software, to the at that time tents in this company. that being said, somewhere around $13 to $15, pie target was $15. tomorrow morning, i have some 12 calls. actually i have 15 calls that expire this friday. if there is any value in those, i'll sell them. 12 calls i'll probably get out of, as well. >> this is a question, why would john chen want to sell blackberry at such an early stage in the turnaround. the guy is relatively new.

>> headline is approach, right? >> that's true. >> so i approached a lot of people in the '80s. it doesn't mean something will happen. but we question the price target. given what you said, it should be a lot higher. i think we've said it before, this thing still feels like it wants to fwe higher. >> just to the question specifically, it may not be in his hands, the decision of whether or not to sell. so that would be a reason. >> that's a good point. >> the interesting thing, and i did something today, with all the craziness, the option volumes went absolutely insane today. traded 173,000 contracts, 146 thour ,000 were on the call side. but they were not going way up in strikes. we did not see people going up to the 15s and 17s. they were going for the 11 and

12. so it's interesting at people estimating if something were to happen, it's not some extreme number. >> and the partnership was a short time ago. why buy the cow when you get the milk for free. the company said they want to get away from hardware. samsung where apple is eating their lunch is here in north america and this is where blackberry has that market share. if they were looking to play catch up, at least on units, that's one way do it. down day for the big banks. jpmorgan out with a big miss this morning. higher than expected legal expenses weighing on ultimate ares. jamie dimon making interesting comments on the slide in crude oil prices. >> i'm surprised that people are so surprised when commodities move like this. commodities moved like this my whole life. but to me, all commodities have

volatility. in the oil business, you got to prepare for willing this like that. and that's the way it will be for the rest of your life. yes, speculation, inventory, all those things may effect in the short run. >> wells fargo also posting. what do you make of this? >> not a great day, but to me it wasn't the legal costs. the things disappointing, the net interest, that is an issue. this flat yield curve is hurting them. i thought that they had stabilized, there was a little more deterioration there. so that's not great. the legal fees don't better me, but it's the environment of them being so strapped by regulators. and needing to have so much capital and costing them so much to deal with. that's disconcerting. i do hope that dies down and i actually think that it will. but i feel like the reaction in the stock today was just really

excessive. we bought more. pete was in there buying, as well. i think premiere franchise like this that i don't believe will be broken up at one and a quarter times book is just too cheap and i'll buy more. >> people say that i say nonsense on this program all the time. that clip was total nonsense from him. on his conference call about oil and the way it moved that is nonsense. >> i disagree. i don't think energy is a big issue to he was commenting thatt never -- >> the only reason to own these stocks is that you thought that rates were going to go up. that's not the case. to me they're cheap and they may

stay cheap. >> so is there no point that you would own jpmorgan? >> we had talked about it earlier. this stock was trading at 52 week highs. >> you were basically short this stock. >> i think what is going on in europe is the bigger problem. i think the volatility and the weakness we've seen is likely to flow over here especially when you consider the rate environment, the regulatory environment. >> down 6% in jpmorgan, i dre with you. >> how about the fact that the equity trading is up 25%. the eninvestment banking side is up 31%. everybody seems to want to focus on the billion dollars in the bump of the road again that the government continues to put in front evof them. i think it's an opportunity. coming up next, tesla hovering near the 190 level. comment that sent the stock tanking. and traders will give you their playbook and how to protect from all the volatility.

tesla tumbling 6% on slow demand on china. let's get to phil lebeau in chicago with all the details. >> we heard these comments late yesterday afternoon when we were this detroit. let's start first off with what eli musk had to say about the tesla sales of the model s in china. they started last year. and they were off to a fairly robust start. yesterday he said there was unexpected decline in q4 sale, revolving about questions whether or not it would be

difficult to recharge vehicles. here's what he had to say late last night in detroit. >> china is certainly a lot weak than expected. mostly i think because of misperception because of the difficulty of charging which we're correcting. and we are seeing now an uptick in sales in china. ju i think the china situation is temporary and will get createth corrected later this year. >> it may be temporary, but enough to spook investors. tesla now trading at levels last seen in may. and he said in a meeting with investors last night that tesla expects to be profitable probably by 2020 when the third generation vehicle is at full protectio production. >> phil, we want to talk about that and also the fact that he's

a ceo who likes to talk off the cuff. the problem is, when musk speaks, investors actually listen and the stock usually moves. so september 5th, he told cnbc i think our stock price is too high and the stock dropped 3% by the close. a month later on october 1st, he tweeted it was about time for up veil the d in something else and the stock rallied 6%. then sold off 13%. on christmas day, he tweeted a knew upgrade will enable nonstop travel a 400 mile range and the stock rallied once again 2.5%. and then yesterday, he speaks in detroit and the stock sells off. is this also a risk in the tesla story? >> not a risk. i think i think it's refreshing that he speak what is is on his mind. he can't help what heem will do to the stock. what is today, wednesday?

monday -- i lose track. on monday, it was 180. printed 185 today. so against today's low effectively you could trade this for the long side now. >> you ask an interesting question. is this normal communication? i would almost say his comments last night, should that have been a pre-announcement for q4 in a way, an official press release from the company. because to see the move that you saw in the stock based on that new, you're assuming they will mitt ea miss earnings. >> the fact that china sales are light, it could mean -- because they're already capacity constraints. they could still have strong demand for the u.s. and europe. >> and he said that last mnight. >> didn't they say they pushed some of the capacity to china and that's why they missed in north america? so seem the like they're stealing from peter to pay paul.

>> part of the problem is that people are looking for linear growth that goes straight up in all regions. they're not doing that. they have been clear that some quarters, they will ship more to europe. some quarter, they will ship more to china. and you don't know quarter to quarter assen an investor. you can go to certain websites where they claim to be tracking vin numbers. i've done that. a lot of the information is not accurate. >> isn't sound like fun either. phil, any updates on google's self driving car? >> this is an interesting story. happened this afternoon in detroit. guy in charge of the google car project, he was talking about their development of the prototype vehicle. he says there will be autonomous cars in the u.s. by 2020. they have 100 test vehicles that they are currently working on in a number of states. and yes, they are talking about automakers about possible partnerships. he didn't want to go into specifics. but the question came up is google just doing this so that

they can have your time to sell ads in a self driven car. here's what he had to say. >> will is not about having more eyeballs look at ads while in cars. this is very much about this opportunity to kind of have a technology that is meaningful to people to improve safety, to have people be able to get around more easily, to kind of give more people mobility. and that big societal win we think will be the basis to build a business from. you do it enough, and you have compelling enough product that is out there, you'll find a way to turn that into money. >> one other piece of news came out from his speech. here are some of the partners they're working with in developing the google car. continental, bosch, lg chemical and roush. the bottom line is this, we're in the beginning of a race not only between google and some of the tech companies, but the automakers, as well.

everybody is moving toward the you autonomous drive vehicle. it is a race that they are moving very quickly in because the technology is coming fast. it will be here within five years if not sooner. >> wow. all right. phil, thank you very much. i love self driving cars. >> you're the only person i know who has driven one, though. >> driven in quotes. phil has, too. coming up, survival of the fittest. no, we're not talking humans. we're talking tech trades. inside the stock picker's market of which tech names are evolving the fathsest in 2015.

welcome back to fast money. i'm josh lipton. blackberry stock soaring on those reports that samsung approached the company. blackberry putting out the following statement. blackberry is aware of certain press reports published today with respect to a possible offer by samsung to purchase blackberry. blackberry has not engaged in discussions with samsung with respect to any possible offer to purchase blackberry. blackberry's policy is not to comment on rumors or speculation and accordingly does not intend

to comment further. >>sh, thanks so much. we did see a move lower in the after hours session. >> dan nathan said it, cow and free and milk. >> you approached a lot of can'. i'm reliving my 20s on live tv. >> time for pops and drops. >> game stop a cheap stock. i'm not sure you chase it up 11%. it did not hold all the early gains. but it is cheap. and if this is a retailer that you want to play because you think there is secular trends going on, it's probably not a bad level right around here. but i'm not chasing it. >> pop for monster. 4% you'move. >> nice upgrade. gets a terrible tape. they talked about the deals with coca-cola and we know about the strength of the energy drinks. definitely giving the stock a

130 target. >> drop for irobot. >> i guess thjamie dimon doesn' like the cat video. no compelling reason to buy it. i think it break breaks 30 bucks to the down side. >> sun edison. oil is up. they trade in tandem. >> with the massive swings we've seen, it is time to bring back our good old volatility playbook and traders are laying out the best ways to protect yourself against all the movements that we've seen here in the markets. so dan. >> i had this trade on in february. when you think about holdings, $2.5 trillion in market cap. the other 90 components make less than $2.5 trillion. so it's the big names driving the train. and i'll make a point of the qqq

versus the s&p 500. it's in a down trend right now. and some of the biggest components are not acting particularly well. so this is bis one i guarantee own some of the components. this is one way tactically on a short term basis look interesting to me. >> what i did, what pete did, i like to buy options in the names that i already open. so i know they're a little pumped, but it gives and you sense of exactly how much you have at risk and because they're so pumped, look at jpmorgan buying stocks and doing a one by two, that's an interesting trade. >> i took it as volatility take advantage of volatility. levels are becoming very interesting. i still think they need to cut dividend. seadrill bounces, it's at levels where you can embrace the volatility, this is worth a

look. >> i'm embracing volatility, as well. i bought jpmorgan stock and was selling implied volatilities much higher than normal. today i wanted to get back in there again. i used the options. i bought call, sold and upper strike call. so i'm using that higher volatility one against the other to be able to position against the stock. >> still ahead, survival of the fittest. a look at which tech names are evolving the fastest in the new year. that's next.

as technology changes rapidly, which stocks will evolve this to the winners. rob owens is with us. i guess the premise is that you have to change in order to survive. only 29 companies are still in business since the beginning of the s&p . so which names are best posed to change with the times? >> we think this year is about change. as we look back at 2013, it was

about disruption. 2014 was more about the type so dinosaurs and watching them dance. we look at 2015, we think it's about change and evolution. so microsoft number one. we think there is a broader cloud play. f 5 on the networking side, they have a broader security play and tip to dominate the category. arm holdings on the chip side as they have a broad play around mobility. and palo alto networks caught up with what is going on in security right now. >> does this mean these are your top picks, these are the analyst teams top picks for 2015 in tech? >> these are some of our top picks. we have a list of about 16. these are the largest in market cap. >> you specialize in cyber security stock, so i want to just sort of focus in on palo alto since it is on that list. we're expecting president obama to unveil new cyber security legislation. would you be long these stocks going into that?

in the past, he's mentioned this many times and it's been is a. sell the news event. >> but i think the world's changed twice. if you go back to the last holiday season, it was really the first time we saw something of that magnitude. this holiday season being sony. we've seen more material breaches than ever before. so as we look at trends, we think this is the best secular trend across all of technology. and we'd be long in president obama's statement and also the conference in april. i think it will shed light on some of the newer company. but just the momentum overall in the space. >> all right. be rob, thank you so much. what do you think about some of these dinosaurs? >> palo alto is not a dinosaur. you buy because every bad headline that comes up, this stock goes higher. >> microsoft, love it. i agree with him completely

there about the cloud. and that f 5 networks, when you look at a lot of these different company, this is one of those names where we've talked about it for a very long time. when you look at valuation compared to their peer, they absolutely blow everybody else away. so it makes sense. >> still ahead, one trader disagrees with our options action. that would be dan nathan. he breaks down a trade next. t s. you have made my life special by being apart of it. (everyone) cheers! glad you made it buddy. thanks for inviting me. thanks again my friends. for everything, for all your help. through all life's milestones, our trusted advisors are with you every step of the way. congratulations! thanks for helping me plan for my retirement. you should come celebrate with us. i'd be honored. plan for your goals with advisors you know and trust. so you can celebrate today and feel confident about tomorrow. chase. so you can.

incredible bond rally continues as the tlt bond etf hit another record high. one big trader thinks it's time to look the other way. >> yeah, one big trader is disagreeing. but here's the thing. options volume ran three times average daily volume. and there was a massive trade. a big roll actually. a bearish roll, etf was 133.65, trader sold 40,000 of the puts to close and bought $40,000 of the february 128 puts paying 76 cents. that's $3 million in premium. and the break even is down about

5% on february expiration. when you think about it here, the bond trade has been a one way trade and this is a ten year chart of the tlt. here is this breakout we've just had. when you think about it, implied roll tilt is also the price of options has come back up to the highs from that october spike that we saw. so to me, this is one way to make possible a cheap bet rates will actually go higher an tfte such a big move. >> what say you about the direction at this point? >> they're still going lower. not that they can't have a retracement, but i think interest rates in the united states, one and a quarter for the ten year is probably right. >> check out options actions on fridays. coming up on "mad money," catch

jim's exclusive with experian. and also helping biotechs with game changing drug. all that and much more. coming up next, we have a very special guest, one of the winners of "fast money's" charity auction who donated more than $40,000 for the chance to join us right here onset and have denier with us after the show. he also happens to be the man behind mega hits bike "shawshank redemption" and seinfeld. tdd# 1-800-345-2550 [ male announcer ] your love for trading never stops,

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. our next guest had plenty of generosity and success. martin schaffer is with castle rock entertainment. he's also one of the winners of our charity auction to benefit a cause near and dear to us which supports art education programs to build creative confidence in children. each of our winners donated more than $40,000 to this cause. martin schaffer joins us now onset. thanks so much for being so generous. >> thank you. i'm a "fast money" junky. nice to meet everyone life size.

>> why do you watch the show? >> i'm pretty much on cnbc from 6:00 in the morning until 4:00 for many years. i spend half my time entertainment, half my time investing. so i watch to learn. >> what are some of the trades you're most excited about in 2015 and have you gotten any of them from these guys? >> i generally listen to everybody and i read everything and make my own decision. i was saying to pete that i pretty much got yahoo! at 37 basically because he made a very compelling case about some of the parts. so that was a rare example of a stock that i got just sort of when someone made a compelling case. but mostly i do my research and i also usually buy stocks that have ditch denied exc dividend . >> you have a couple kids and they tivo the show? >> yeah, they and their friens s

tape the show. tivo was 1980s. but they will tape the show and watch it. they watch "fast money" and they like cramer. they will watch it after school or work. they want to make money. >> you've obviously been a force behind some of the shows and movies that we although very well. i'm just curious what your take is on netflix and amazon and their original content efforts. they got lots of accolades. >> the landscape has been changing dramatically. it used to be if you wanted to see good entertainment, you went to the movies. when i grew up, there were three c channels. so now there is great television and that is one of the problems in the movie business is that it really is -- you need a compelling reason to get up, leave your house and go to the

movie theater when there is so much great television, whether amazon, shows you can watch on netflix. i mean in a way it's good because there is a lot of competition and there is a lot of buyers for shows. but you mentioned "shawshank redemption". first of all, it was actually a bomb when it came out. but it is well regarded. in today's world, some of our earlier movies, you're first five movies were when harry met salary, misery, city slickers, a few good men and "shawshank redemption" and i don't think any of them would be done as a feature in a studio today. "shawshank redemption" would be four hours on netflix or hbo. people want to see spectacle, they want it see effects and brands. >> as part of this auction prize that you won, you get to give a final trade. so you've been thinking long and hard about this. >> yes. it's my biggest holding. i've had it since it was ten. >> $10? >> yes.

apple. so they're the motst valuable company in the world. people love the ecosystem. knocks on apple are that it's just a hardware company. their app store makes $15 billion last year, up 50%. i tunes was 10 build. if you don't love apple pay because you haven't used it, i think it will be huge. and the other thing is concern about lag of innovation what is coming up. and the thing with apple is they don't talk about what they will do. in the movie business, if two people know something, everybody knows it. people could be working on a product at apple and it doesn't make it to the outside. so if the future is an indication of future, they will come up with great products. and it's a low pe. >> and last week when you were disparaging apple, he was practically throwing stuff at the tv set. >> i love when people say bad things about apple because it can go down and i can buy it cheaper. when every love as stock, there is no one left to buy it.

>> martin, thanks so much. if you would like to miake a donation, visit www.lululeo fund.org. "mad money" with jim cramer starts right now. "mad money" starts now. hey, i'm cramer. welcome to "mad money." welcome to cramerica. other people want to make friends. i'm trying to save you money. any job is not just to entertain you but educate and teach you. so call me. of course tweet me @jimcramer. somehow, i don't know how, this market has morphed from a lovable dog into a