revenues and giving third quarter earnings guidance that is below estimates and 2%, and now down missing on revenue shares higher as the company's ceo says guess is on track to end the year with every businesssegment profitable >> that does it for the show today. thanks very much we'll see you tomorrow "fast money" begin right now. "fast money" starts right now. live from the nasdaq marketsite overlooking new york city's times square melissa lee. tonight on fast, pot and crypto. need i say more? pot stocks are lit as america's love affair grows. why not? tim seymour will lead us with names you can still buy and which you should just say no to. bitcoin above 7,000 as the shorts are waving the white flag and could this be the bottom they'rewaiting for >> genesis global will be here to tell us why bit coin 10k could be next, but first we

start off with the king of the jungle amazon hitting an all-time high after morgan stanley said it could be the next trillion dollar stock amazon up $130,000 percent in 199 1k37 sporting a cool $974 billion market cap get this if you invested 1,000 when the company went public, you'd be more than a $1 million richer today and not bad from a company that started selling only books. how much bigger can amazon get and is it the must-own stock of the market, guys >> hi, mel >> hi, simba >> my favorite was the scar guy. he had a scar. >> he was the mean guy >> he was the antagonist of the show you still own amazon and amazon is one way we haven't waivered on on this desk and it's not about any of the standard numbers, eps revenue and by the way, they actually missed last quarter on revenue to me it's all about operating

margins. if you go back last quarter, operating margins are looking at 5.5% why do i bring that up because morgan stanley in their piece cited exactly that they're getting higher margin businesses which is why they have a $2500 price target and i don't think $1 billion is the finish line in terms of market cap and it's a mild marker & -- >> is it must own? and we ask them in the sense if you believe the markets will go to e in effect be invested in amazon do you have to believe in amazon, as well? >> it is's big part of the nasdaq this is a stock that's up 70% of the year 2000 is up a nice, round number. >> it's want the bull being of their expected $230 billion in sales and to me at some point this wrecking ball, i think

we've spent a lot of -- and perceiving it at some point it will be a zero-sum game and not just because the stocks have come back does it mean that they're back and think about all of these major department stores, and the ones that you really like and stuff like that they're only growing at single digits and amazon is skipping its sales up 20%, 30% a year >> that's a nice-looking chart it's close to highs here, tim. are we, maybe, in a situation where retailers and amazon could be happy together? >> sure you can. if you look at the last year, and i think he's looked at how much amazon has outperformed xrt has outperformed qqqs. a thousand basis points over the last year. what is amazon let's not get totally exist earn here is it a retail stock is it a tech stock is it a onsummer staple stock. to me the most aggressive moves amazon has made to the consumer

staples and consumerable space where they're competing with a left mom and pop stores. that to me is where the disruption lies, and there's plenty of people like competing. awf. >> when you look at the e-commerce side, the not a margin business and there are groups out there that absolutely can compete at this point in time. >> dan put you on the defensive, didn't he? >> when i think of tjx all it does is it goes to higher highs. that's something they're building on and that's not what tjx is all about and people are wanting to go there for thosz discounts and the treasures. it's the hunt, right but the targets of the world and the walmarts of the world have

found a way toe compete well and at the game of the online side of it and the bricks and mortar side which amazon doesn't have they bought into it somewhat and they don't have the bricks and mortar side. >> that's why i say it's a tech company because it's a tech company all because of awm >> let's bring it back to retail and let's not forget toys "r" us which employee 30,000 people in america. it doesn't exist anymore it went poof, right? maybe the target and the walmart wera -- automatic just worried if amazon, and it's going to have a deep effect do we need macy's? do we need nordstrom's or dillard's? think, we do >> i thought -- and the other thing i want to say is toys "r" us are out of business and toys "r" us are poorly run and a

terrible job of inventory and terrible job of understanding where the toy world was doing which was digital, as well i think the retailers are better because they've gotten on the game and take a look at macy's they've gotten lean and mean and i think it's a harder place now for amazon to just steal their, business. >> it looks like retailers are putting up a good despite does that mean that amazon has a tougher time retail has to go down in order for amazon to go up. >> from a retail perspective, i think that's becoming a better fight. i don't know that it may give amazon a hard time, but it's a better fight and because of that fight they have to make aws a real winner for them and they are. i'll bring up microsoft. why? because they're in the cloud and they compete, they've actually slowly been getting market share ahead of amazon. >> and it's another aspect of microsoft and it's forgotten and the amount of money they make on

this side, as well. >> it sounds like would you rathering yourself would you rather >> i would rather -- amazon or microsoft and you'd rather microsoft. >> i own microsoft and here's why. the one difference i'll say really quick, amazon right now and i look at p-e and aws and everything else. it's really difficult to say, you know what? i can buy this and feel comfortable going to bed at night because i don't think i can. it's been a great buy for those that jumped in when you look at microsoft and it's trading at a fifth of what the p-e is for amazon, pretty unbelievable >> i'll play the game. >> i'm right with pete on the microsoft front. maybe as with amazon over the last five years has forced these operators and other retailers to get better and you point to target's a great example we've talked about target for a while. ever since whole -- the breach of security. that stock has been on fire and it's probably trading around

all-time highs and valuation wise, we talked about it last night and if you like walmart where it's trading you have to like target where it's trading and maybe amazon has raised the game >> think so and it's proven to be true. >> mine would you rather, first of all, and i would rather talk about what's helping the consumer i'd rather point out that i don't think data center and it's a commoditized competitive business and the best thing going on for target is the consumer truly never has been better we've been talking about this for a long time and people are happy in their job and their record job and popularity reference points and we have certainly higher wages and we certainly have 3.8% unemployment rate and the that to me is yet consumer and consumer discretionary plays are necessary. >> i'll ask an open-ended question and none of this is would you rather.

>> open ended, i'm going to pose it to you, dan what is the must-own stock we're asking amazon b. >> tough question. >> we didn't rehearse this one >> i gave it to dan because i have full faith in him >> i don't know. >> listen, i just brought it out a little bit and we're talking about amazon a year ago is really struggling to getting through 1,000 and here we're talking about it at 2,000 and that's been a big part of this market story over the last year and i'll make this point a couple of times if we got through after the six, seven month consolidation in the market and that's happening right now. so to me, i think i would bet on the horses that got you here and talking about these different rotations and i've been pointing out, the semiconductors and these difficult things happen and they're starting to a little bit right now. i think if you get confirmation,

the s&p will go to these guys' tag thes and i'm not betting on amazon, and up 100% in a year. >> i would say the must-own stock is apple >> when you look at -- and obviously, because so many business motd models, everything and as it's a hard ware company, and as they fred out and growing their areas, look at where it trades p-e wide. this is the company they think say battle ship. >> what is your view >> apple, how about j.p. morgan? if the consumer is so strong and they're based upon the valuation of where they are and having transitioned over time, j.p. morgan >> we'll give you three. >> pfizer and health care is

underappreciated and valuation is compelling and home depot has been my name, and boeing i think is underappreciated, and total hedge. total hedge. and the interesting thing is nobody named amazon. >> we started the show with it i agree with this, j.p. morgan >> and that's the one. >> what are you eating, tim? >> wheaties. for more on amazon's amazing run head to tradingnation.com and find out why one nation is calling for a pullback coming up on fast, more trouble for tesla. the stock in reverse after ne neo plans a $1.3 million ipo bitcoin breaking above 7,000 and the short against bitcoin futures. could this mark the crypto bottom >> canopy and the rest of the candidates space on a high and showing no signs of coming down. before you buy, tim seymour says

the erare three things you need to know. wye are live at the nasdaq marketsite in times square much more "fast money" still ahead. who would have thought,

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money. we have news out of washington for more on his developing story. >> president trump attacking one of the nation's most high-profile technology companies, google. the president posting this video to his twitter account explaining that he believes that google is guilty of bias against him because it promoted president trump's state of the union address on its home page factoring on the days of the president gave that state of the union speech and then once the president took office, president trump took office, google stopped promoting the state of the union address live on its homepage on those particular days i can tell you that we don't have any comment from the white house and who put it together and the cnbc's team back with cnbc headquarters and look at those days and confirm that in fact there were promotions and not on the dates in which president trump gave the state of the union speeches, but we

don't know exactly why google changed its practice here. i've asked the white house whether or not they reached out to google before the president attacked the company on twitter a few moments ago. no answer to who put this together and no real answer as to what else we can expect in terms of the president's campaign against google. let me play you a sound bite here this is the president earlier today talking about the president continuing his critique about him earlier in the week and here is the president speaking earlier today at the white house >> think that google and facebook and twitter, i think they treat conservatives and republicans very unfairly, and i think it's a very serious problem because they're really trying to silence a very large part of this country and those people don't want to be silenced it's not right it's not fair and it may not be legal, but we'll see we just want fairness. >> we have reached out to google at cnbc to get their side of the story. no response yet from google,

melissa, but i can tell you that i've also asked the white house over the past day and a half or so since the president said that he would be taking a look at google we also saw some of the top white house officials here saying the white house would be looking at google in terms of the possibility of regulation. i've asked them consistently over the past day and a half about who specifically would be looking into that and what agencies might be taking action and what specific action has been taken against google or is contemplated against google and no answer coming from this white house so far in terms of the specific policy action against the company, but we can see rhetorical action is ongoing with the president's comment today and now this video posted to twitter attacking google as the president said promoting president trump's state of the union speeches and not promoting his own state of the union speeches. >> are you hearing rumblings from the congressional side, eamon as to whether or not they're holding hearings

i believe they're holding hearings next week and this is not scheduled to be the topic and nor is alphabet sending its ceo like twitter is, as facebook is there will only be an executive vice president on the hill even if this topic comes up oh, yeah, you think so absolutely you'll get a lot of republicans up on capitol hill who will follow the president's lead on this and saying google has been biased against conservatives and google made that point about what they call for mainstream media with the success for the base and you're seeing a similar strategy being applied with the technology giant you see the 2016 presidential campaign and the president hammering it home now. you get the sense here that google is about to become the new nfl in terms of the big american giant that is really in the president's crosshairs the question is how will google respond to that and what, if any, action does the administration contemplate and just no answers to that right

now from the administration. i've been talking to them consistently over the last 24, 48 hours trying to get an answer. >> thank you >> here's a question google's secret sauce is its crown jewel of ip is itsal ga rithp. it operates as a black box we don't know how it works by design, the algorithm that powers its core business, but that in and of itself is the problem, but nobody knows how it works and so therefore, i don't care what side you're on nobody can say there is no bias because they don't know how the thing works or that there is bias because they don't know how the thing works and you know what i think the best part of what i heard came at the very end when it came to the nfl >> if you look at some of the numbers as we got through the year, the nfl started to come back and you still look at the top programming of all of last year, the nfl takes up the majority of that so will it be something that could impact google? >> i think it would have a small

impact, but i think overall, what we're seeing right now has been something we've seen played out in the past. when you go back to their earnings and when you go to the fundamental side of the story and away from this regulatory talk, this is a company that's been absolutely on fire and they've been killing it and revenue growth is there. there is not a reason to sell google if you're owning the stock. >> i'm not side on the president and not on the side of president. do investors really know what google's algoes are and how they'll control the environment and so much of the value of the companies are buried within just that, and the data and algorithms and the the quality of the management team to deal with this issue. regulation is down the pike and we'll be following the europeans and gdp and google's just begun to start answering the questions. >> facebook is the most recent example and what did they do after they were attacked on lots of different fronts and they would talk about reduced

revenues from some of the activity that investors have become accustomed to and the stock is down 20% and that's likely to happen like you say, tim, one way or another and all these guys and to your point about not selling it because the president's got them in their crosshairs you could have said that in the last year about amazon and it's up 100%. so to me it doesn't seem like -- for amazon, the u.s. post office issue would seem to be a minor one. the law didn't back up that case for this there is no law and it's unxarted territory, and if congress decides if there's some sort of algorithm or if google has to open up in any way itsal ga rhythm. >> do you even know those answers or will you ever know those answers and how do you value that company >> how do i value the company?

it's the deepest and the widest in the world outside -- >> should there be a discount because of the unknown >> i think given these, everything we talked about, and they're the ones who were infiltrated and it's a subtle difference and people got into facebook and they infiltrated the system and they influenced the way people think and that's not necessarily true with google i'll mention it so quickly and lockheed martin and boeing when can at trump became president trump tweeted about it and that was the low for the stock. same thing with bias a couple of months ago and in my opinion the same thing will happen here with google >> all right coming up on -- we've got some breaking news canada's finance minister is speaking right now >> we're working very, very intensively all afternoon, and you know, that has given more of a basis for me to continue the

conversation and we're looking forward to that and whe'll come out and talk to you about the conversation [ speaking foreign language ] >> you're been listening to christian friedman >> when she dipped into french she said i want to say hello to my old colleagues in journalism because she used to be with the ft anyway, getting back to trade and whether or not there could be a resolution on nafta by this friday if that happens -- is that clearly upside for the market? >> of course if on friday you have everything is great with canada's prudhoe

and president trump are arm in arm and the market will absolutely go higher that doesn't necessarily mean things will be better for the chinese. yankees beat the orioles, and the team to beat is the red socks, and you've got to beat the chinese and we haven't done it yet >>. >> it's really well done >> coming up on fast and the more trouble for tesla after chinese rival launches plans for a $1.3 million ipo we have a fast money report. you're watching "fast money" on cnbc here's what cells coming up on fast >> never give up never surrender. >> except the bitcoin bears just might be surrendering. >> but that could spell trouble for bitcoin. a top trader will explain. plus -- >> smoking >> pretty much describes what

shares otirahabef lly s en doing and there tim seymour it is are says there is another cannabis stock out there you can buy and he'll tell you what that is when "fast money" returns

welcome back to "fast money," the cannabis stocks continue to soar bob pisani is at the new york stock exchange with more details. hi, bob. >> hi, melissa marijuana stocks are riding a high some of the bigger cannabis names are up 60% to 80% in six trading sessions and average volumes are up anywhere from 50% to more than 200%. three big drivers are behind the rally. first, regulation, second deal news and earnings. canada announced it will legalize the recreational use of marijuana in october and global companies are all abuzz to get in on that action. that's the main mover. global spending on legal cannabis is expected to grow from $9.5 billion in 2017 to $32 billion in 2020. up 230% and that's according to

bbs analytics. they're looking to pair up with pot firms. two weeks ago, constellation brands said it was investing a record $4 billion in canopy growth it will now own roughly 40% of that company that news lit a fire under other pot stocks like afria which is up about 80% since then. that's just one of many booze companies looking to catch a bid from pot growers coors is joining with apothecary, and diageo is reportedly in talks to make a weed play of its own tillray just scored with nova scotia liquor. the company saw revenues double from a year ago. and the tilray ceo said he thinks we're getting a lot closer to legalizing pot in the u.s. some say the u.s. market would have the potential to be up to ten times bigger than canada finally, google's search interest for the term pot

stocks you know we're going to turn this in. appears to be nearing a peak and pot may be bigger than bit coin was at its height. >> bob pisani at the nyse. tim seymour has the perfect recipe on how to choose the right pot stock for your portfolio and he'll go over to break it down into a segment that we like to call the more you know >> the more you know has never been more important as we talked about this sector which has been exploding and i reminded you that this is the asset class and reminds me of investing where you see the market cap that's not that great so what do i think you should do when assessing the market now? >> what's the company's focus? what part of the cannabis industry are they? are they in production in in medical and do they have a flashy storefront in dal cal and new york are they a u.s. company, are they in california are they in new york are they in other legal states you have to think about the legislative environment and

which strategy and which company focuses the most profitable and you have to assess that and next, you to look at the management team and i really mean corporate governance and i'm not talking about companies and how transparent they are if you're looking at south of a billion dollars in the market cap. you a lot of companies that are made up of multiple deals and convertible bond deals and i know it's difficult to sort through that, but you to get the alignment of interest and where investors may be the last to be able to cash out finally, on valuation and we talk about this all of the time because that's what most people know how do you value cannabis stocks and it's some combination of a cash flow model and a price to sell and that gives you a place to assess these companies. let's talk about ultimately, which ones look good and which one is good here now and they wanted to say yes or no. ultimately, there are two stocks we can do that right now to talk about and we can bring them up right here

i want to talk about canada trust and krons on group and i'll say yes, just say yes to canntrust and say no to cronos the valuation is ridiculous and because it trades in the u.s. the valuation is even more ridiculous those u.s. stocks like canopy, like cronos have gotten an extra boost from being in the most liquid market in the world canntrust, has more capacity and funded traft and that has a solid management team and at this stage it hasn't run so much and that to me is the way i look at these companies back to you. >> anybody have a question we're heavy tonight and a very heavy show tilray reported yesterday $9.5 million in revenues. >> yep they're closing in now on a $6

billion company. is that how ridiculous things are? they'll basically grow into that valuation. i think that valuation is tough to trade at even with international opportunities which doesn't mean they won't and you have to assume that this marketplace is a global one for 'til ray, but again, first u.s. ipo and a lot of froth in the space right now, great management team, great strategy and great backers, but want a name i'd be buying today >> time to vote. >> pete najarian what do you say? >> i like the canadian side of this thing, tim. i think there are a lot of different reason yes the u.s. stocks are in front of that, but i like that name a lot >> dan i can trust tim here because i know they've done a lot of work in betting these companies pip think the most interesting thing to me about it is the u.s. federal approval comes sooner or later and it can come ten times the market >> at least. >> in match game charles nelson

riley. and everyone -- he always messed the game up. >> did you say he was heavy? >> i said cannabis, gwth, mel. >> they're not here on the dow we did want to hear in you at home and are you hot on tim's can trust idea we only have a yes or no you can't put in another yes or no from cannabis to bitcoin, rallying 9% in thlae st week one of wall street's crypto traders says 10,000 will be next and he will be here when "fast and he will be here when "fast money" returns ♪ ♪ the difference between possible and impossible? it's a person who believes they can, surrounded and supported by others -sible.

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welcome back to "fast money," there could be more for tesla at they gear up for their own ipo. phil lebeau breaks it down in chicago. hi, phil >> melissa, this will be an interesting ipo by the company known as neo, which is a chinese-based automaker. neo has filed paperwork to list shares on the new york stock exchange, hoping to raise $1.5 billion with shares priced between $6.25 and their 8.25 when they come to market nio is getting a lot of attention because it's based in china makes electric vehicles and has designs on making a big splash when it comes to luxury electric vehicles in the world's largest electric vehicle market. sounds like there would be some competition for tesla. keep in mine, nio is just

starting to deliver vehicles and it has 16,000 reservations, but it's nowhere close to being a true threat to tesla at this pin the. none the will, shares of tesla are under pressure as investors digest what the future might be of tesla in china and speaking of tesla and elon ufk in, responding about the controversy and what he has put out on twitter, he is making news on twitter, remember, it was just a few weeks ago when he referred to one of the people trapped in the cave and elon musk said you don't think it's strange he hasn't sued me he was offered free legal services by the way, the gentleman who was referred to as pedo guy was told to the press in england that he is withholding comment from these latest comments from

elon musk and whether or not he may take elon musk to court, but once again, elon musk and twitter making news. melissa, back to you >> all right phil, thank you. phil lebeau in czechoslovakia. this is not why tesla wants to be in the news, right? i don't care what side you're on this is not the kind of publicity the company wants and shareholders should not want this either. >> think everybody would wish that we stop being elon as much on twitter >> there are a lot of different people and we wish they weren't on twitter quite as much and it's just one of these interesting things because of the private thing and some of the criticisms lately. it would be great. i like a lot of things that elon musk is doing and he needs to focus tesla impeach. >> this comp tigd is going on. want here, but if you're in new

york, something that you could theoretically buy and there are a lot of comparisons between the two -- it macks it close, and these guys have a car that's $68 and there is real competition and there is competition is my point. >> one of the reasons that tesla has a $52 million market cap is the scarcity value so few pure plays and you can talk about what ford and gm are doing and you give investors the opportunity to do that but likely with less fanfare than what elon is doing and elon has to shut his mouth or shut his fingers or something like that and investors have to start to focus on the execution and how to get 5,000 model 3s. i just don't know if that will happen >> it's interesting. >> they were executing the stock went from 285 to 290 to 250 and were doing just fine

until he put the tweet out about funding secured. >> again, i thought when he tweeted it he had it which is why i thought the stock would support 20 and i was wrong and here we are at 305, but what does it mean in terms of the stock? well, the 280 level is right in the crosshairs and he's positioned himself where he's not going to get the benefit of the doubt anymore and if he did a starary. to me it's still a no-man's-land. >> if the company were to report in october if it beats or does the stock rally? >> right now they're gauging it off of that and i'm not sure if that's the right way to gauge it and invests on are doing that. >> bitcoin, the shorts on the crypto tumble and one bull says 10c 10k may be next. 'susa rgird, it's a plane, no, it jt suing stock up 140% this year and the traders think it could go higher

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>> it's a bird, it's a plane, no it's jack dorsey and the super square the stock is soaring 6% hitting an all-time high after guggenheim raises it to 100 bucks calling it the best idea shares are up 150 pertz this year can you still buy it here? >> stocks will go to 85 and from 5 they go to 100 and they put on a 100 price target

what's most important to remember is this say company that has the $1.5 billion in sales and that's for the next few years so if you believe in that sort of revenue growth and the size of the pie they have in mobile payments could the stock go up another $15? >> what do you say, pete >> i like the name and i think it does go to 100 and paypal is a better buy and with the valuations and there are comparisons there and paypal makes more sense, i think. >> there is something else that sent square soaring and it is back to 7,000 and there are signs in the market that many bitcoin shorts could be waving the white flag and let's head back to the nyse hey, bob >> always a pleasure to be with you, mrelissa. bitcoin rallied and the cboe bitcoin has had a modest decline in bitcoin short positions the more widely traded cme

bitcoins have not. bitcoin has successfully helder in 6,000 several times this year and much of this is much leak a technical bounce and more volume, and even as bitcoin prices have plunged in the last couple of months while trading volumes on the stock markets like coin base, for example, have been relatively flat for a few months and about 11,000 bitcoins a day typical and the futures volumes on the cme have doi doubled from 30,000. a rival at the cboe has been relatively flat at about 5,000 bitcoin equivalents a day and why is this sud lean gettidenly more they're allowing some form of bitcoin futures trading. some may also prefer the settlement method the cme uses what's important is the increase in futures volume on the cme has

occurred while bitcoin went from 6,000 in june to over 8,000 in july and all of the way back down to about 6,000. it means that at least some traders are perfectly willing to trade bitcoin futures on the way up and also on the way down. it seems like a more active market out there >> back to you, melissa. >> bob pisani on the nyse. what is behind the rally micha michael moros of genesis capital, one of the largest crypto traders on the street welcome to the show. >> thanks for having me. >> why do you think it's been above 7,000. >> think the biggest news in the last week is in a call about a week ago the sec rejected nine bitcoin etfs and in the days leading up to the rejection you see a rise in bitcoin across the exchanges and we saw an increase in genesis capital where people were taking out loans for the purpose of shorting.

once the news broke about the sec rejection we didn't see the sell-off that you've seen in previous rejections and the technicals around the 5800 and 5900 level helped. so i think the bears have realized that they've run out of steam. on the spot trading side is right around the 6k level, very few sellers. >> do you think they would hold $7 toudz >> your call would be $10 thou what's that level. it flows steady growth what you need to see the less violent move what i also think is it's important that the market happened says that the sec's etf approval isn't any time soon so the market senses we've gotten a market in the approval

process is much more muted which is a healthier outlook over the next few months. >> you look at the chart of bitcoin and we've seen a series of lower highs and so yes, we've held 6,000 numerous times this year do you think they're just sellers that live above because when they get back to the prior highs the whole thing just doesn't exist anymore in 2018 and therefore that's one of the reasons why we've not been able to make a new high in 2018 from the prior? >> what i think is interesting, every sickle time we get a pop in bitcoin price the first thing that happens is sellers. >> it's folks who manage to scoop up the dip and are selling at the next pop. the folks that buy at $6100 in the last two weeks were sellers in the last 24 hours the question is are the bulls seem to stay each though there have been size size interest, is the market going to head down to the 6k just because the role is

the 7k really going to hold and then see where we go from here >> what are you seeing in terms of orders? are you sensing -- you mentioned in the past 24 hours short interest has climbed is the rally up tlie 7,000 was fuel short covering, will they in back to reload >> whether the real short game is down from seven to six, sure, is that enough ultimately to get this done and the question is where are the bulls? are they now on the sidelines or what does the 7k level hold? say the next week or next two weeks will the bulls be 100 be back and that that we are more likely to see 10k rather than five? >> that's a level in your view that it's got to dz in order it they're there. >> i think the key level, $in

pact i do believe we will see it come around the marketplace >> michael morrow of genesis >> pretty interesting. no matter what you want to see about efficacy, proof of concept and exist earn and 6,000 is a key level, give or take, and i think dan's also been right by saying look, until you find a bottom you don't have a bottom and we don't know that ultimately i do think what's interesting is mike -- no one is expecting the sec to come through. he's not expecting them to come through any time and yet that is the important cat lick, we need to get back to the prior high in july and that's the first time in 2018, we have made a close with bulls to get back in rather than shorts to cover >> still ahead, check out shares of amazon just pennies away from breaking to 2,000 in the llatr-hours session and th wi help savvy traders make ten

times their money in the stock how did they do it we will explain right after this welcome to the xfinity store.

thanks, janet. it's my happy place. you can learn how to switch to xfinity mobile, a new wireless network that saves you cash. and you can get 5 lines of talk and text included with your internet. and over here i'm having my birthday party. dj fluffernutter, hit it! ♪ dj fluffernutter simple. easy. awesome. ask how to get $300 back when you sign up for xfinity mobile, and purchase a new samsung phone. visit your local xfinity store today. welcome back to "fast money," earlier today we took to twit tore ask you all whether amazon would hit a new record by the end of the week. we should have said end of the day. 1600 people voted and the results were 56% of you saying yes. 44% saying no. some of the people may have been options traders who made a killing today buying call

options on amazon. dan is at the plasma to break it down >> it exploded and particularly call volume and it was two and a half times daily volume. the august 31st weekly calls they walked in there and saw our tweet and they kept on going with this thing. 18,000 of them traded today. most of them bought and there were only 1400 of open interest coming into the day and they traded on an average of $7 they traded as low as 90 cents and traded as high as 13.5, and i just want to show you a little bit of the price action here when you look at this, this is the august 31st, call, since it was listed in july to the moon here and then if we go and question just want to look at how the stock was trading day, this was just a steady all-day long here and it closed very much near the highs and just like those options did that expire on the 31st of august's close and we talked a

lot about amazon earlier today this stock was struggling with a thousand last summer and here we are at 2000. the reason traders are playing these weekly options and there's a lot of open interest with these round numbers and this is one of the best in the momentum and you're likely to get some really good leverage on owning calls in this situation. >> pete, you saw this. the most important thing and dan, you would agree with this is the fact how short term the paper was and when you look at the call and the puts on the entire day, it was very short term so people aren't going out in the future. they think this will happen now. >> all right thanks for that, dan for a check on the show 5:30 eastern time and be sure to tune into cnbc tomorrow when becky quick will sit down with the oracle of omaha, warren buffett. you won't want to miss it.

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right now amazon is at $1999.77 >> hello, dolly. >> yeah. >> so we'll be watching this all right. so tim, to the pitch america pot, and they are not hot for tim's pot trust. he had the had the melled onnios of puff the magic dragon no toni braxton. >> time for the final trade, pete >> vince mcmahon turns out to be pretty brilliant keep an eye on wwe, it's going higher. >> cannabis was diversification and it doesn't run forever so do your homework. >> dan >> you know how i didn't answer the question of one stock to buy? >> let me tell you something, you have been right on this rotation and j.p. morgan and it will catch up and it will be

above 120. >> pete? >> i don't think peter, paul and mary like peter, paul and mary this is insulting. it's making my ears bleed. this is worse than the toni braxton. >> i thought it was a cartoon, but apparently it had deeper meaning. >> us. thank you so much for watching see you back here tomorrow at 5:00 for more "fast. "mad money" starts right now my mission is simple, to make you money i'm here to level the playing field for all investors. there's always a bull market somewhere, and i promise to help you find it. "mad money" starts now hey, i'm cramer. welcome to "mad money. i would to cramerica other people want to make friends. i'm just trying to make you some money. my job is not just to entertain, but to teach and educate you so call me at 1-800-743-cnbc, or tweet me @jimcramer. tonight i want to share some of my accumulated wisdom. believe me, i've been doing this thing for a long time, because there are