>> also a very stretched market. silver was pulverized even more but coming from a much more overbought condition because we had this spiral, very weak dollar, negative real yields, all that stuff feeding into very high price for those assets. i'm melissa lee and this is "fast money. guy adami, tim seymour, karen finerman and brian kelly joe biden picking kamala harris as his running mate. we'll break down what it means for the markets. plus gold and silver falling hard in today's session. is this trade losing its shine bk and why he thinks this tech titan still has room to run. we start off with today's massive reversal at one point today the s&p 500 was within 5 points of an

all-time high. as you can see, it closed in the red. the dow squandering a 360 gain to close down more than 100 points tesla announcing a five for one stock split. leading today's tech losses amd, apple, microsoft, amazon all falling more than 2% guy, what is your take on this big turnaround >> i would have thought something like this would have happened weeks ago i think the reversal is interesting. we'll see if it holds up tomorrow to your earlier point, i mean you saw a pretty significant reversal right around an all-time high in the s&p 500 if there's one thing i would attribute it to, don't discount the fact i think it's actually

pretty important, the news out of the big ten cancelling their football season. that's pretty remarkable if you think about how meaningful it is to those schools and the local economies. i think that was part of it today and i think the other part of it is the stocks have been on such a ridiculous run, it was just a matter of time before we saw a move of this magnitude. >> simultaneously we had senator mcconnell coming out and saying the stimulus talks hit a stalemate. we're not sure what caused this market standpoint but from a sentiment point, cancelling football is a big deal we saw the realization in the market that this is going to be a very serious thing >> i remember when i heard that the nba cancelled their season it was a profound moment the irony is that the outperformance of the market over the last couple of days and

the last month, in fact, the dow has outperformed the nasdaq by almost 6% in the last month. so if you look at this type of news and if anything the reopening trade which is something that was really outperforming. we were getting airlines, industrials, transports and even some of the beleaguered hospitality sector starting to catch some of the bid. this news as it relates to college athletics, when you think about the regional impact of this, how profound it is and this is on top of the fact that the student body in many of these college towns which are actually very large cities in some cases, at least relative to their region and their importance to small businesses, this is a huge, huge day for the sentiment of where we are and where we can really look to normalcy now not only from a sports perspective but a lifestyle perspective i do think this was

important. the biggest moves in the market came in the biggest market cap stocks that i think is more related to rotation out of the nasdaq that i think makes a lot of sense we got to a place on the vix where a low 21 handle is too low for the risk in this market. i thinkthe market decided to take a little breather. tesla announcing a 5 for 1 stock split. we are seeing the stock rise in the after hours session, a more than 7% gain at this point phil >> this is something that a number of people have talked about possibly happening although i heard people saying 3-1 or 4-1 tesla's board has approve ad a - stock split starting on october 21st that's when they'll do the calculation and split your stock into five pieces it starts trading on the 5-1 basis starting on august 31st. it's up 6-7% after hours after

this announcement came out in the eyes of a lot of people, this is no a surprise given that the stock got up into that $1500 range. a number of people have said if they had this back down in the $200-300 range you could bring more people potentially into the stock. that's why we're seeing the reaction we're seeing. >> we're up in the 8% range in the after hours session northbound terms of a gain karen, we saw the same sort of phenomenon with apple. the notion that the retail investor can access the stock a little bit more easily >> i guess i mean, obviously it does not create any value, but people think it creates value so therefore it does. it's kind of ridiculous. especially since we've seen that

you can do partial shares now. you can do trading with little or zero cost commission. i mean, i guess it works so why not do it. the other something that stocks that have split tend to do well anyw anyway >> we've seen the rise of the retail investor. you take a look at nikola which is $41, neo which is $13 maybe for the arch inveverage i looking at a stock that's $1400 a share is offputting and maybe this will open the doors to more investors. >> i mean, sure, yeah, maybe it will i agree with karen it's absurd. >> i'm on board with you guys. so be it, here we are. >> so be it. human beings like to buy a whole

amount of something. we find it in the bitcoin world. i want to buy a whole bitcoin. i want to buy 100 shares of tesla and i can't do it at $1500. it's absolutely absurd but human beings can be absurd if it works, good for the company, i guess they created value out of thin air for the time being investors at home should understand that nothing changed with this company. maybe you get some more people on robinhood buying in but i'm not buying tesla on this news, let's put it that way. >> guy, you have sort of this double catalyst potentially, the thought it could be included in the s&p 500 and all of a sudden you've opened the door to more retail investors this could be a double boost for the stock, at least in the short-term. >> clearly that's what's going on i echo karen, bk, tim and now grudgingly probably you at the absurdity of it.

it speaks volumes to what's going on i'm going to get atted for this. a lot of people would rather be long five shares of a $200 stock as opposed to one share of $1,000 stock there's an absurdity i can't explain, but i think that's human nature obviously the same thing happened with apple. i'm sure most of these stocks do very well on that announcement maybe there is something to it we have breaking political news in the meantime. >> it's kamala harris, the 55-year-old democratic senator from california who was selected this afternoon as joe biden's nominee for vice president to

run alongside him on the ticket there. kamala harris is somebody who was very tough on the trump administration in congressional hearings in the early years of the trump administration and is seen as a formidable debate opponent potentially for mike pence. businesses and investors are going to start scrutinizing what her positions are on a number of issues she is somebody who does not link herself necessarily with the progressive wing of the party. she has said she's not a democratic socialist as bernie sanders has described himself. in terms of income inequality she had a proposal when she was running for president to give a $6,000 tax reimbursement to people making less than $100,000 a year all of those positions will be scrutinized by businesses and investors, but i think what you've got to bear in mind is it's very quick the amount of time it takes for a vice president to align their

positions entirely with the presidential candidate they're running with >> karen, your thoughts on this? >> that's why the market sold off actually i think she's a safe choice, a good choice, which makes biden more likely to win if biden wins, i think that's somewhat of a negative to the market versus trump, but not a giant negative i think a warren vice president the market would have liked that a whole lot less. >> it's funny, people are going to be googling kamala plus marijuana, kamala plus bitcoin to see what her positions are. i'm not sure if this makes a difference in terms of the pot

trade in that california was among the first states to actually go forward with marijuana legally. >> well, it is weed week on "fast money. it's good we're having this conversation we're going to talk policy a little bit later in the show i do think that the november election cycle this is going to be very important. i think california's influence is not disproportionate, frankly. i think if anything california struggled on the regulatory side in how they've handled the adult market there i think the most important issues are the ones we hopefully continue to talk about on the show as market analysts and not expressing personal political views. i believe the market's response to a biden presidency without a clean blue wave sweep in the senate would be actually maybe better for markets, dare i say i do think a blue waif would have implications. i don't believe markets have priced that in and we don't know where we're going to be. i do think the market's calculus

of an administration different from this one is something that it really has not done much with so far. >> blue wave, meaning the president, the senate and the house all go democrat, right that would be the most change for the market which we perceived as negative because markets in general don't like change let's get more reaction. tony dwyer, good to see you. what's your reaction to biden/harris >> i think it's as expected. i really don't think ultimately it matters if you asked all of us what we thought of a trump presidency when he was elected, we all would have got it wrong. i'm hesitant to make a call on a vice presidential candidate making a major difference when we didn't know how to react to the actual presidential election last time. >> tony, we saw a lot of interesting moves today and over the past few sessions in terms of this rotation we saw some of the value sector

still manage to hold onto gains into the close even with the market row vereversal, namely t financials what do you make of all this >> i think that's the challenge people have. we always talk about quote/unquote "the market. we better determine what market we're talking about. i would say that to timmy's point, some of the pessimism over the election, the second wave of the covid-19 has been discounted in the market by the extraordinary move in some of these stay-at-home stocks. i was talking earlier to stephanie. we've got to be careful not to call them mega cap tech. the reason is because amazon is consumer discretionary facebook and google are in communication services we have to be careful to not use just big cap tech. it's a mega cam stay-at-hop whin extraordinary run.

we're at 3300. maybe the market could move sideways and even come down a little bit as you get increased exposure on some of these economic sensitive areas >> i watched the market today. it seemed to me that the lack of a new stimulus plan was a real driver of the selloff, which is something i've been concerned about. i don't see a lot of incentive for there to be a deal prior to the election if we get no new economic stimulus prior to the election, does that change your view on the markets? >> i would be very surprised at that but my view isn't about the next 15 minutes or next 15 days we have a never before seen level, a never before, not even close seen level of excess liquidity. excess liquidity is money supply

plus bond and stock, mutual funds and etfs against what money is needed for economic growth it has never been as high and at the same time the oecd reported yesterday that you've actually seen a pivot in the composite leading indicators from a historically weak level just like the summer of 2009, you're pivoting the 37 economies they're looking at on a month to month basis. extraordinary money availability at a time when you're just beginning to pivot economic activity similar to 2009, you can have pullbacks. but they're to be bought, not sold because of this economic and money supply backdrop. >> a question we asked last night and something people seem to be picking up on now is the fact that gdp continues to head the wrong way and the market cap

and the s&p 500 continues. we're probably approaching 170% now. do we need gdp to ratchet back up, or is it just unsustainable given the gap between the two now? >> guy, it is based on exactly what you just high heightelight. you have to have economic activity the amount of credit generation is beyond historic if you don't have economic activity in the next six months start to pick up enough that companies can pay back that debt, but you're seeing the data if it's up to opinion, i stick to the data. any time you've seen a combination of historic excess liquidity coupled with a pivot

from uniformly a synchronized we kov recovery in the global economy, it's not a time to be fearful even when the market is up when you look at the 44-day volatility of the s&p 500's high relative to its low, when you look back at times like this typically this kind of volatility spikes like we've had and collapses like we've had happen at the beginning of new economic market cycles i think that's really the call here, not what the rotation is going to look like in the next 15 minutes or 15 days. >> tony, thank you >> karen, your thoughts on tony? the markets today didn't get them because they were too busy talking tesla. >> right today was all about rotation yesterday i was saying my biggest fear about my fang holdings is just they're rotated

out of the biggest move for me is obviously banks. it's interesting because they're a value play obviously when i think about pe and value investigation in terms of pe, so many investors have started to look past 20 to 21. but banks have been reserving and reserving. when they reserve the next quarter, they're going to announce earnings in october so we'd be starting to look toward 2021 the pe for banks in 2021 is way too cheap relative to the s&p. i'm glad they started to move. i think there's more room to go. >> along with that move in the banks, we saw a notable move in the ten-year yield higher. it wasn't just the banks holding onto gains in the close, industrials, transports, the groups that have been strong in

reents sessions. >> it's interesting before the tpi, we had producer priels index come out today that was higher than expected it looks like we were getting a little bit of an inflationary push here. you had yielded start to rise relative to where they've been that fuelled the banks but that also says maybe we're seeing some economic activity. then you get this kind of readjusting of your portfolio where negative real rates, maybe they're not going to be as negative as we originally thought. i still think i'm not a buyer of the banks. they can go higher that's fine. they're going to go higher without bk riding on them primarily i'm concerned that we

don't get a stimulus package before the election. losing their luster, gold and silver plunging today. we'll dive into what's behind this drop. later, getting lit our week long cannabis series looks at legalization and the companies that stand to benefit most hike!

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young staff we have on "fast money" citing these clever little pithy lead-ins. what do you think, guy >> one of the beautiful things about gold is it doesn't rust. i can get into the reasons why what do i think about it the great carter braxton worth who has a twitter account pointed out that today's move in gold percentage wise is the 27th largest move the biggest move was in march of 1980 it was down 9.5% and i think a week or so later it was up 14% the minors got whacked i think this is part of the bull thesis people are going to get blown out. they think it's over i think a week from now given the data we're seeing, inflation is out there and given the fact that people are still looking to torch their currencies globally,

i think we're going to look at a gold market that's going to go higher. >> as for silver, it still closed more than 42% above its 200-day moving average and more than 20% above its 50% moving average. >> you have a case here where gold has not slept it has been a massive move if you look at short positioning, we got overbought if you look at those ppi numbers and those inflation break even expectations, we're as high as we've been since mid february. if you get to a place where you say a lot of the gold move is the faear of a deflation their

spiral, i think even though gold could be argued as defensive in this negative environment, i would agree with this. this trend is not over if anything, it got a little bit of ahead of itself >> i bought gold and silver today on this selloff. i think the only thing that really happened today is we had the thesis or the theme that you had here which was negative real rates. those negative real rates got less negative so you had some people having to rotate out of that gold and silver do this. they're a volatile commodity there's nothing wrong with this. so i don't think there's anything that's really changed dramatically with the reason you want to buy gold silver and

bitcoin. it's because countries and the u.s. in particular no matter republicans or democrats, they are going to print a heck of a lot more money and you're probably going to get something like modern monetary theory which means you just print a whole bunch of money and pay for everything everything's free. in those environments i want to old gold and silver and bitcoin. coming up, transport on a tear but is the sector trucking higher from here plus, we're counting down to earnings from lyft some see a grilled cheese sandwich and ask, "why?" i see a new kitchen with a grill and ask, "why not?" i really need to start adding "less to cart" and "more to savings." sitting on this couch so long made me

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boeing shares getting a lift today despite dismal new numbers

on orders. phil lebeau? >> investors looking through the bad news from boeing and from the airlines in terms of passenger levels and saying eventually it's going to bottom out and improve. if you look at the july numbers for orders and deliveries it's more of the same story, the sixth straight month where you've seen negative orders on a monthly basis, in july negative 52 planes, year-to-date negative 3600 planes. the order book for the max since they have started having cancellations last year and order adjustments, negative 1,047. that's how many have been taken off of the order books today boeing moved a little bit higher, actually pulled back with the rest of the market but finished positive. they delivered four planes in the month of july, 74 year to

date the other equation is passenger levels there have been a sense in the market that things are improving when it comes to people who are flying yet it is improving, but not by a lot. up to 6.9% on a daily basis at this point in july you go back to last wednesday when the president said, yeah, i think these guys should get another 25 billion to guarantee airline jobs, stocks have been having a really nice run although they did pull back late in the day today along with the rest of the market who knows when it ends, but at some point you're going to see, okay, we have flushed out what we think in terms of cancellations for order adjustments when it comes to the 737 max. >> phil lebeau in chicago. karen, how should we think about

the airlines at this point with the promise of aid coming, has the deadline been pushed out? even though the improvements in traffic have been so small, we've bought the airlines or maybe the airlines are getting more time in order for that traffic to fully return if there's additional aid. >> that's really important so they can survive in terms of valuation, there's been so much new debt on these two funds. it depends on the airline but they're burning up to $30 million a day or more. so the valuation is still, i think, really stretched. that's not consistent with where the stock is i feel like debt markets always understand better than the equity markets i hope we have a vaccine quickly and things get better fast, but

the valuation here i still find not even close. >> the move in boeing was interesting, up $10 higher from where it closed at one point in the session before it fell along with the entire market. >> been a great trading vehicle. i know you have a memory basically unrivalled in the industry you will remember at the end of june we played our game trade it or fade it karen said fade it we talked about the 160 level being your reentry point if you go back maybe ten or so trading days ago, traded down to 155. that proved to be a decent level. the airlines have just become trading vehicles delta, for example, $27 has been a good pivot level i think there are headwinds for sure but if you look at some of

the technicals they've worked and i think they'll continue to work in boeing. >> the transports have been on a tear climbing nearly 17% over the last month where are they headed next >> we're looking at the air freight logistic part of transfer rather than rail. ups and fedex are about 20%. take a look at the iyt the stock has been sharply moving up toward a breakout level at about 201 below that you look at the iyt ratio. large retailers were on a timeline to build up their e-commerce pre-covid now more products are being shipped and the beneficiaries are ups and fedex.

this has been with the context of amazon doing their last-minute delivery program trying to compete against ups and fedex. they have big global operations. that's really hard to duplicate. we hold ups and fedex in our strategy if you look at the fedex monthly chart, it traded down during initial covid response to the lower end, a big support channel right around 85. that channel goes all the way back to 1993 the weekly chart, the $200 is key resistance in fedex. fedex is doing fine post amazon. their last report moved up to 72% volume from a year ago the company companies are implementing surcharges in the holiday season that they expect

to continue through covid. ups switching over there that's the clear winner in the transport and industrials from a technical point of view. ups on the monthly chart, the breakout has already occurred, clearly ripping on the upside. we might be meeting resistance around 170 that might offer a near term pullback ups earnings have been extremely strong with that surcharge and the holiday season >> todd gordon, thanks brian kelly, what do you like in transport? >> i mean, i think the e-commerce play is the way to go ups and fedex are benefitting. i don't know if you've shipped anything recently but they're suspending their guarantees. they're not saying it's going to get there overnight anymore, yet they're charging the same price. i actually think they're in the catbird seat in this if you want

to stick with the e-commerce play i would say prolodges trust operate a whole bunch of warehouses which you need in e-commerce that's another way to play it. coming up, another development in the drama at kodak. first, bk here is winding up for a fast pitch on one big tech stock. at leaf blowers. you should be mad your neighbor always wants to hang out. and you should be mad your smart fridge is unnecessarily complicated. make ice. making ice. but you're not mad because you have e*trade which isn't complicated. their tools make trading quicker and simpler so you can take on the markets with confidence.

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welcome back to "fast money. despite the recent pullback, tech has clearly been in rally

mode this year, up more than 20% in 2020. bk says the run isn't done for one big tech name. give us your fast pitch. >> let's do it it's a fast pitch on microsoft i've got a couple points about this number one, this work from home trend i think continues. we have a big secular tailwind here i'm not discovering anything new to the shift to the cloud work from home. what i do think is people are discounting the fact that even when we get back to work, a large percentage of people are going to be working from home for a period of time maybe it's a couple days a week. that type of shift in the cloud is going to continue i've got a big tailwind there over the next couple years now let's talk tiktok. i happen to think it's a distraction for microsoft, but it doesn't matter because the market rewarded them when they thought they were going to buy it if the tiktok deal happens, that's good for microsoft.

if it doesn't happen, i think that's good for microsoft as well it's kind of filled that tiktok gap today prior to the big selloff. it was trading near the highs of the day. that's kind of interesting now let's go down to valuation you might say, listen, this thing is trading 3 times next week's earnings. that's insane. back in '99 you had this thing trading at 80 times earnings there's a lot more room to run here in an environment where every central bank is blowing the biggest stock market bubble we've ever seen, why in the this trade at 80 times earnings in this environment, what multiple do you put on that? i think you use the weakness in microsoft to buy it here that is my fast pitch. >> we're opening up for questions. tim has one. tim? >> brian, long time listener, first-time watcher

just kidding i think you have a case here where the cloud story for microsoft continues to be a very, very strong one. i'm very concerned about the intense competition. it's not just amazon or google maybe coming from good old ibm, which is hard to believe how do you feel about the competitive landscape and the profile on margins >> if there's any knock against it, it would be the competitive landscape. we saw there is some competition coming in where the pie may be only this big. my view is the pie is actually growing and going to continue to grow therefore microsoft is going to be able to navigate that and they're probably going to be best in class in that area. >> time to vote. are you buying bk's pitch on microsoft? go around the horn guy, what do you say >> can you see that, mel

does that come up on your screen >> it's a picture. >> do you know who that is >> that's a picture of beaks from trading places. i am so with that beak and this beak and he makes a very cogent argument put me in the checkmark box for brian kelly. >> karen, what do you say? >> yeah. you had me at hello there, beaks. go home long it's the same as buying it right here i amlo long. i'm in it's expensive but i'm in. >> tim >> he was very rude to that elderly who tried to get into the phone booth in "trading places" but i'm a buyer of microsoft. >> traders have spoken are you at home buying the fast

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and let the experts help you repair it. woman: they were able to restore my good name. vo: visit reputationdefender.com or call 1-877-866-8555. it's weed week here on "fast money" where we give you the lowdown on the current state of the cannabis industry. pablo, great to speak with you. we're getting a little bit more clarity on what the race could look like, the presidential

election could look like with a biden/harris ticket. i'm not sure if that influences how you think about the election or what sorts of issues are you thinking in terms of the pot industry and what the elections should shape >> on the regulatory front would really divide the discussion in three areas. the first thing we're very focused on is at the state level. the ballot in november in new jersey and arizona there are four states going to vote for legalization of recreational cannabis. in new jersey it's likely it will pass. of course pennsylvania, maryland, connecticut, new york will follow very quickly so by middle of next year or late 2021 you will have a situation where close to 20 states in the u.s. have legalized recreational cannabis at the state level

in total 40 will have some form of medical program nebraska and others are also looking at voting. we're very focused on the state level. the second point is that regardless of who has control of the senate next year and even the white house, we think it will be a significant pressure for banking reform for the industry, for something that's called the safety act or something along the lines of that that was approved ed by the hoe last year but it has not been voted in the senate. we believe that regardless of who controls the senate next year because you have so many states approving, close to 80% of the population will be in those states, you have to introduce banking reform it will help the industry grow the third part, of course, is who takes control of the senate.

the third part, it's more making cannabis fairly permissible. we think that's more likely under a senate that will be under the control of the democrats. that would help with federal r permisibility. everybody talks about the biden plan, which is federal legalization of cannabis that may be a moot point if you already have 20 states that legalize cannabis, then medical doesn't make much of a difference every state has different norms for medical so it makes it difficult to implement the federal company. and companies doing well in restricted states may not be in favor of federal legalization in

the short-term under a biden platform and under a democratic senate, cannabis reform will not be done in isolation. it will be passed as part of health care reform, criminal and police justice reform and social equity it had been part of an overall reform i think that will take time. even if you look at new york state which is controlled by democrats, they can't agree on a path forward on rec. it may happen next year, of course on the federal legalization, our take is more difficult on the medical side when they realize that medical may be a moot point and think we should legalize rec, but you should tknow under the biden presidency it's unlikely >> two bullish scenarios where you have more safe legalizing

led by arizona and new jersey with neighboring states to follow and more access to banking. which companies stand to benefit the most >> for example you have a company called harvest half of their sales come from arizona. in new jersey you have companies like acreage holdings. a canadian company has a deal that's contingent to buy acreage holdings if you get something like the states act or federal per missability, that would double that's an arbitrage play the only thing i would add in term s of obviously it's been a volatile sector, but the numbers for the industry are very

bullish. you're looking at illinois up three times since the legalization, pennsylvania almost up four times, florida two times. so very significant growth this is a market that translates into about $16 billion on the legalized side the total market is calculated at 75-100 billion. we see significant upside for the sector and the right companies that are well capitalized with the right strategy. >> pablo, thanks for your time tim, pablo is mentioning the explosive growth recently in some of these states i'm wondering how much of that is just people locked up at home and they've got nothing else to do so therefore it's not going to be repeatable in the future. >> first of all, weave already had an opportunity -- are people still locked up now? i think what we've seen is the

surge that might have been the pantry effect from march and april has been exceeded in may, june and july. i think we've seen a lot of companies pifvot in terms of logistics and fulfillment. it's made companies a lot more competitive. the point that pablo brought up around legalization and the dynamics here, i think the most important thing is the states have been holding the keys to a bunch of fortunes. new jersey coming online, the northeast essentially is going to flip. the companies that have an advantage are the ones most positioned in the limit license stated strangely enough, the east coast is more profitable and interesting for investors, i would think, than the west coast. that's despite the fact that california is a more mature market legislation is powerful but it's already happening. >> we have a news alert coming

out of the white house >> in president trump's 5:30 briefing today, he announced a supply deal with moderna for its covid-19 vaccine the u.s. government contracting to buy 100 million doses of moderna's covid-19 vaccine for $1.525 billion, setting a per dose of about $15.25 moderna up 9% on this news they are the sixth company to strike an agreement with the u.s. government. some are wondering when this was going to come because the government had been striking so many deals this is probably the highest price or among the higher prices we've seen so far. of course the pfizer deal was for $19.50 per dose but pfizer didn't get any government funding and moderna had received almost $1 billion to support the development of this vaccine. the government has an option to

purchase 400 million more doses and the company is saying the vaccine will be free to the american people. >> we know that j & j and astrazeneca have vowed not to make any money off the vaccine which is may be one reason they're priced lower than pfizer. >> pfizer, a very large company but not saying it's doing this not for profit. >> meg terrell g guy, what do you make of this vaccine news >> it's fascinating obviously. moderna was north of $90 i think given this move it's, what, 74.5 makes sense. what do i think of it? if you're looking to trade it, i wouldn't look at moderna i would look at gilead

gilead has been weak for some time now $67.50 is a level where resistance many months ago resistance becomes support if there's weakness on this back of this, i'd rather buy gilead than chase moderna. >> if you have a vaccine, you may not have as much demand for some sort of treatment, which gilead is offering here. brian kelly, how do you look at the space in terms of pharma >> i mean, one, i would buy gilead for exactly the reason. even if there is a vaccine, it's going to take some time to get into the population. moderna, the trade is over you were in it that they were going to sell out their vaccine. they did it. you sell moderna and buy gilead.

lyft shares are about to hit the brakes mike khouw has the action. hey, mike? >> as you indicate here options traders can be fickle. last week we saw a lot of bullish activity in uber and lyft today that's kind of reversed. puts outpacing calls by about 3-2. the most active options were the 30 strike puts, the ones that expire at the end of this week buyers of those puts are betting there could be additional pressure on the stock following earnings by the end of the week. up next, results of the fast pitch poll, plus final trade turn on my tv and boom, it's got all my favorite shows right there. i wish my trading platform worked like that.

well have you tried thinkorswim? this is totally customizable, so you focus only on what you want. okay, it's got screeners and watchlists. and you can even see how your predictions might affect the value of the stocks you're interested in. now this is what i'm talking about. yeah, it'll free up more time for your... uh, true crime shows? british baking competitions. hm. didn't peg you for a crumpet guy. focus on what matters to you with thinkorswim. ♪ a lot goes through your mind. how long will this last? am i prepared for this? are we prepared for this? with fidelity wealth management, your dedicated adviser can give you straightforward advice and tailored recommendations, with access to tax-smart investment strategies designed to help you keep more of what you've earned so you'll know you're doing what you can for your family and your future. that's the clarity you get with fidelity wealth management.

time to reveal about bk's fast pitch on microsoft. apparently it was a total home run, 66% set to buy microsoft. you're going home a winner, brian kelly. good for you. >> that's right. >> time for the final trade. tim seymour? >> trade in best buy i think back to school is going to be extraordinary. >> karen >> pti was just a hint we'll see more inflation i'm short plt. >> bk? >> "time of my life" is my new ring tone because i won that

>> i thought it was always your ring tone. >> guy >> i'm going to blockbuster and renting "trading places" for the vcr. i think gilead if there's any weakness, you buy gl my mission is simple to make your money i'm here to level the playing field for all investors. there is always a bull market somewhere and i promise to help you find it. "mad money" starts now hey, i'm cramer. welcome to "mad money. welcome to cramerica other people want to make friends, i'm trying to make you some money my job is to entertain, educate and teach you. call me at 800-743-cnbc or tweet me @ji