largest index names behave we might have been saved by the bell, so to speak, at the close there. as i looked at the numbers afterward, it was a pretty good rinse we got in the afternoon, the one-directional selling. we'll see if it abates in the morning. maybe you can get a low tomorrow morning. i'm melissa lee and this is "fast money. tonight's trader line-up guy adami, tim seymour, karen finerman and steve grasso. we are charting this selloff plus, a metals meltdown. gold getting crushed in today's session. later a rare green spot in today's sea of red the one tech name that was a true high flyer. we start off with that late-day selloff. stocks getting smoked in the close as the dow posting a 700-point swing.

the market took no prisoners all 11 s&p sectors closing in the red. today's big reversal coming si months to the day from the march bottom is this market recovery starting to stall is this a giant warning shot of more pain to come? tim, what do you say >> well, we've been stalling since september 4th. we had such extreme, i think, euphoria in stock prices at that point and we continue to kind of suffer the consequences of where we've come from. today's news was a combination of i get the sense this is more fear of covid uptick you see what happened across europe you see also kevin flynn, our producer, wanted me to talk about pmis because he loves them so much. here we go those pmis show that some services across europe have ground to a halt

the nasdaq, which yesterday hat this heroic run, amazon which moved almost 8% in less than two sessions, a lot of that has been given back the triple qs are down 13% in 13 days i still think 240 to around 245 the nasdaq triple qtf is a leve that keeps this intact the fed is absolutely still your friend >> you sound like a dip buyer. >> well, i think you have a case here where there's dynamics that have not changed i think there are a lot of people that are still dip buyers i don't think that rhetoric has changed. technicals have changed where what was support is now resistance, specifically the 50-day moving average on a lot of these big stocks. >> steve grasso, santoli was making this point. we didn't breach monday's lows on the s&p 500 and nasdaq.

how important is that? and what if we do breach them tomorrow >> if you look back on that all-time high, that 3588 in the s&p cash, i was looking for a drawdown of, let's say, 15-20% so tim talked about levels the 50-day right now is 3350 i'm more concerned about the moving averages versus individual day lows. so the 200, 3105 that has to be tested. that would be 15% lower than the recent highs i think we're going to 2850 in the s&p. that, to me, brings us to roughly down 20% or so plus or minus. and when you asked tim if he's a dip buyer, i think we're all dip buyers so what's the dip that we're

buying i think going into the election, more potential for civil unrest, technology having the fluff come out of that sector, i think the buy the dip dramatically lower than where we're seeing right now. it remains to be seen if everyone has the wherewithal to actually buy it once we get there. >> right dips are in the eyes of the beholder, i suppose, karen today's dip may not be steve grasso's dip what did you make of today's selloff? >> you know, i am a dip buyer and i'm always looking to buy when there's blood on the street even if it's your own. i was looking at facebook. i'm looking at fedex, which is 16 times earnings lows which is 18 times earnings. there's stuff to buy but one thing that was so curious to me is that the vix actually didn't go up nearly as much as i thought and i really

was wondering why that happened. my good friend explained that any panic buying in the puts was being overcome by panic selling of calls all those called that had made so much money in the last four or five weeks before the selloff, panic selling of that, that's what dampened the vix i like when the vix is high. i like when things trade down in integers that's when i want to start p buying stocks. >> usually you use the vix as a tool to determine whether or not there's enough panic on the street in order to buy >> it's interesting. i think karen makes a great point, the fact that any put buying was offset and that's what dampened volatility i think you factor that in and say, you know, maybe today's 29 vix really should have been the

36 level we saw a week or so ago. tim said something i happen to agree with him, the fed is still your friend i think, correctly or incorrectly, i think a lot of today's selloff came on the interpretation of jerome powell saying we've sort of done as much as we can we have more tools, but we're passing the baton over to fiscal you better get your act together i think the market got a little upset by that. i'm not suggesting the fed is going anywhere, because i don't think they are but this was the first hint n, n my opinion, of a fed that's looking to pass the baton. rightly so, by the way >> whether or not it is a baton that is to be passed, whatever the fed does needs to be bolstered by fiscal stimulus right now it doesn't look like it's going to get here you have a backdrop of rising covid, political rancor surrounding the election and no stimulus, which had always been

baked into the markets is the fed going to be enough? >> to a point. it doesn't mean people have to be allocating. i think there's still a fair amount of money on the sidelines. the earnings season catalyst also, i think, is one. i think the bar is different than it was going into essentially the fiscal q-2 as we look at where we are, i think a lot of companies have really delivered about as much good news as they can on a relative basis but i do think there are ultimately those companies -- and we're going to talk about them in retail we're always talking about them. there are companies that are producing in an environment that is changing allocation and consumption trends and there are companies that are really going to continue to be in the sweet spot of that spending and that allocation

right now we are at a place where so much good news was priced in. that month of august took away a lot of seasonal effects that really could have been ridden into the fall. last fall through october 3rd we made a low and we made a low that was only remedied, i think, by the fed getting in there and doing that stealth around the money markets. there isn't that catalyst here per se from the fed, but i think we have a lot of dynamics that remain and they're ultimately constructive for equities. >> we're entering the final stretch of the year and here we are with the s&p 500 virtually flat for the year so far we've talked about apple being the barometer. here we are with apple down about 14% in the past month. what does that tell you? >> i go back to something steve said a week or so ago, that he anticipated it trading down to

that 95 level. i happen to agree with him i think the 103 level we saw on monday was a 25% move from peak to trough. but historically the selloffs of magnitude in apple, you've seen anywhere from 32 to 38%. i think that 95 level probably puts you right there on the screws what it tells me is i understand the reason you want to own apple. here's a stock that's given you many opportunities over the last decade to get in at meaningfully lower levels than the prior all-time high. within the last two years a move from 225 which was an all-time high to 150 in a straight line then recently the move from 325 down to 240 in a straight line the stock is giving you those opportunities. quite frankly we're on the precipice of exactly that again.

>> you know, to guy's point, that 100 day moving average is now 97 in apple. to what guy said before, you can close your eyes and you've been rewarded with that in the stock. for me, i think those days with gone you want to talk about dip buying it is the ultimate dip buyer's barometer. now you have an upward moving 200 day. it's at 8490 we really get the selloff that i think we're going to get, that's the level that's going to be tested in apple. just think about how many people willget gutted in that idea, their brain, their emotions if apple trades to mid 80s. that will be terrible for the overall market. >> the sentiment is key here, karen, especially when you're talking about a lot of retail investors who had gone into the market, gone into apple specifically, rode it all the way up and here we are i'm wondering if you think apple

is as important a barometer in the market or if there's something else that is a good tell for you on the market's direction. >> i think apple is still pretty good tell in the market's direction. i'm long, long all the way to the top, still long. i think it still is such an american iconic company. and i think that the nasdaq has obviously moved the market up and has now moved the market down i still think it's central to all of our sentiment it's a very widely owned retail stock as well. i do think apple is still a barometer. but i think today the fiscal floor not being there, i think, is increasingly important. kudos to brian kelly for calling that i felt it was very, very likely to happen. now not likely to happen. >> that seems to be out of the

market at this point let's talk more about today's deep selloff and bring in mandy xu what did you make of the pullback today >> i heard you guys mention the vix earlier in the show. i think that's definitely something worth highlighting, is that despite a very sharp selloff that we've seen in the equity market, we really haven't gotten much reaction in the volatility market with the vix still being relatively muted sub 30 i would attribute it not so much to selling of calls, but rather a lack of demand from downside puts what's remarkable is that we haven't seen any panic from institutional investors on the way down we've seen people buy protection in august on the way up and during the recent correction monetizing those hedges on the way down i think that's a big driver of

why the vix has been so muted. what that signals to me is there really hasn't been any capitulation people are still taking this selloff in stride. we've seen investors clean up positioning especially in sectors where they've maybe gotten a little overextended, for example in tech. right now there hasn't really been any broad panic selling that we've seen from the institutional investor community. >> that's an interesting point in terms of monetizing the puts at this point. does that mean that you believe that there will be a big spike in vix down the road >> i do think we're going into a period a very elevated certainty both with regard to the fiscal stimulus and also obviously with the u.s. election. now, what's interesting is that the vix right now is low but if you look at vix futures, november or december, they're actually pricing a fairly big jump in volatility because of the u.s. election.

that's been the number one catalyst on investors' radar and people are across asset classes pricing in a record amount of election premiums. i do think a lot of that is already priced in. the other thing i would highlight on the election front potentially driving a lot of the recent weakness, on top of the election, a contested election outcome is the base case scenario in the volatility markets. if you look at options expiring in december, those options are trading with higher levels of volatility than options expiring in november. that's very, very unusual, because typically you see volatility fall sharply after the election this time around the market is saying we're in for a period of prolonged and additional volatility even after the election due to the possibility that the winner may not be known. this kind of dampens sentiment

no one really wants to step in here no one has the conviction to step in here and put on trade in meaningful sizes because of the potential uncertainty due to the election. >> if vix is priced to be higher in december, what does it look like in january? i'm wondering what the options market is thinking in terms of how long that uncertainty plays out for. >> so far it's limited to just december december is the highest point on the volatility curve after december it really starts coming in. right now investors are thinking this is a one-month additional period of volatility but of course, inauguration isn't until january. so we could see additional volatility even beyond that but that's not priced in what is priced in is just additional volatility until december >> tim, do you have a question >> thanks for joining us what do you think about how

banks, if they haven't led this move down, it's been concurrent with a tech pullback what do you see in terms of positioning by institutional players around the banking sector what do you see around bank positioning? it's certainly been have remote price action >> yeah. i would say there hasn't been a ton of interest in the financial sector in terms of exposure amongst institutional investors. people have been taking down exposure to financial names for a very long time the options market really hasn't seen much in that sector i think the focus in recent weeks has really been in tech. the question is will rotation into cyclical names, we've seen a rotation away from tech into financials for a brief period of

time, but it hasn't really been sustained. to me, for financial stocks to rally from here, we need more fiscal support we really do need more fiscal stimulus that's going to spur a stronger economic recovery. that's when you have higher yields and stronger performance in financial sector. without that i really do see this sector struggling in the near term. >> mandy, thank you for your time guy, do you think that's that the equity markets have priced in a contested election through december >> no. if you get a contested election, it's not going to be your garden variety one. i'm talking obviously bush/gore. this one could make that one look like a walk in the park i don't think at all it's pricing in the potential for a contested election and what that looks like in terms of the mud slinging and nastiness that

could be associated with it. the short answer is, no, i don't. >> with this steep selloff we are always asking the traders whether or not they are finding things to buy. steve, you actually did see dips, so to speak, in certain stocks that y stocks >> right it was based on more or less the rotation that i still think will be evident as we start to work through this selloff it's the chemical names. then west rock, i bought that off of that bullish fedex headline where they said they hired 27% more seasonal workers. so for me, i'm looking for that rotation to take place but remember, if the market sells off, these names are going to sell off too hopefully to a lesser degree. now another name, capri, name that a couple of weeks ago popped up 35%, still up 20%.

look for the names that you feel as if the sum of the parts really get you evaluation or a stock price that's going to be advantageous in the next couple of months, not the next couple of hours. >> capri, for those of you who missed that show with steve grasso's fast pitch one night. karen, did you buy more fedex? >> i was hoping that fedex would trade down, you know, somewhat more closely with the market it really didn't i think it was maybe down $2 i'd like to see that peaked out a little bit more. this level is okay i just felt like there could be more selling i own fedex. i definitely would buy more here surely if the market trades down, it's likely to trade down with it. but i think in a reopening or another wave, i think fedex will do fine in 'reither scenario. coming up, much more on today's selloff. the metals losing their shine.

we'll break down what is going on with this, quote, unquote, safety trade plus j & j taking a big step forward in the race to find a covid vaccine. ♪ ♪ ♪ ♪

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welcome back to "fast money. we've got a news alert out of washington >> reporter: a growing number of companies are filing lawsuits against the trump administration demanding a reversal of the china tariff policy and refund for tariff payments that these companies have already made. you've seen some of these individual companies making headlines for these lawsuits in recent days. but we've now learned that the number is as high as more than

3400 companies that have lauchb launched a coordinated massive legal effort against the trump administration to try to effect this policy change tesla, ford, home deppdepo, ann taylor many household names we'll let you know when we have a response, but it is certainly a sign that corporate america is fighting back against the administration for the costly tariff policy two years now in the making >> i guess it's worth a try, tim. maybe at least they could get a stay on the tariffs. >> yeah. it's interesting i think on some level it could be procedural. i certainly hope it's not political. some of those companies mentioned have some alignment, so it seems, with this administration

i think this is a dynamic where the tariffs have forced a lot of companies to go outside of their traditional supplier zone and to get into, i think, new manufacturing. but ultimately i do think that the tariffs have had a benefit to some of those companies in there as well. but it just seems to me that these are the type of headlines that you're going to always see around tariffs which typically in many cases haven't worked look at how they've certainly hit the steel industry, some of the mining industries and even the auto industry. it hasn't been good. >> the new states of play poll showing vaccine doubts are starting to creep in only about a third of swing state voters say they plan to get the coronavirus vaccine when it becomes available that's down from nearly half in july that dr this comes as johnson & johnson announced some big news on its

coronavirus vaccine. >> j & j announcing that the first participants have been dosed in the trial of this potential vaccine. they're going to roll up to 60,000 people across three different continents with a special focus on diversity and enrollment among those over the age of 60. what's different about this vaccine is that it's the only one so far that requires just one dose the ones from pfizer, moderna and astrazeneca are all two-dose ridegimen regimens a lot of the reporting saying the fda must move quickly on these vaccines we asked j & j's chief scientific officer about that perceived political pressure and his confidence that regulators

will take the appropriate time on these vaccines. >> i'm very confident in the regulators world wide that they first want to see good data before they will approve but we also have our own principals we have developing vaccines for more than 60-70 years and we always stay to our own princi e principles of makie ining sure h risks. >> if the vaccine proves to be safe and to work, he says they-batchthey will have batches ready for use in 2021. >> everyone who has a hand in approving the vaccine should take that vaccine themselves that would be the ultimate confidence boost. >> it would be dr. holland, the fda commissioner as well as other top health officials including

dr. fauci were asked today if they would take the vaccine. all of them said they would. >> that's good meg, thank you johnson & johnson, one dose, which makes it more effective in that you're not relying on people to come back and get a second dose for full efficacy. guy, what do you think >> yeah. obviously that's a cap that's very difficult for me to wear given my education in terms of the stocks, every name that's been associated with the vaccine doing great, wonderful, tremendous things has really been a dud. look at gilead, for example, which spiked over 85 i think it closed at 63 today. moderna is another name that made a $95 high. that's in the mid 60s. if you're buying j & j on the back of this, in my opinion you're doing it wrong. j & j topped out at 157 or so in april. we've tested those highs

recently and now here we are in the mid 140s i think there's a chance that j & j goes into the high 130s. don't buy these stocks thinking there's some panacea here. coming up, we are charting the selloff. one top technician lays out the key levels to watch. later there was a green arrow in today's sea of red what sent shares of twitter flying

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amazon now has a goal to be net zero carbon by 2040. we don't really know exactly how we are going to get there. it's going to be pretty hard. but one way or another we're going to reduce our carbon footprint to net zero. i want my son to know that i tried my hardest to make things better for his generation. welcome back to "fast money. it was an ugly day on wall street stocks erasing early gains to finish deep in the red there was a glimmer of good nus

news in all the selling. >> we closed above the monday lows of 3229 that's the good news i've got. that's not much good news, though since september 3rd, it's really been downhill. the average stock isn't doing well the s&p 500 is at its lowest level since mid july health care and banks and energy, small caps, they're in very clear down trends right now. nothing is working here. value, growth, low volatility, quality, momentum, it doesn't matter they're all down 5-8% this month. you can't blame the traders for betting a little worried on the progress on the treatment and vaccine, that's a clear positive valuations, that's a problem here technology stocks have benefitted from coronavirus and work from home nobody knows how to accurately value them you keep talking about apple

the biggest company in the world goes up 40% in august and drops 22% in september does that make sense to you? i'm looking for logic in a market that is trading on momentum if we get a vaccine, stocks will rally. in the meantime, what do you want anybody to do you buy covid stops like apple the momentum guys are keeping very tight sell stops to avoid getting caught up in this big reversal art says it's wash and it's been rinse and you do it all over again. it's like groundhog day. it's frustrating. >> sounds like it's going to be a wild ride. bob, thank you today's selloff comes as the market bumps up against key levels where are we headed from here? >> we see key levels here. that's obviously sort of the

first support level. next level we should be looking at is that 3100, roughly around the july lows. then i think everybody is focused on that 200-day moving average which is around that 3100 level so there's a pretty big band of support here that i think the market can pull back into. a lot of the shorter term indicators is working its way down into oversold territory we certainly see that with a lot of technology stocks when you look at weekly charts, a lot of those need time to unwind before they get back to a neutral or even an oversold level. you get a bounce in the beginning of october and another pullback in the middle of october.

at that point i think a lot of stocks will have unwound a lot of that excess that deadly weapon developed that's my road map that we have going into the middle of next month. obviously we're going to get some short-term bounces in here. i think in terms of really putting capital to work it's just an issue of time. the market still needs to unwind a lot of the excesses here. >> you were talking about apple. what are you thoughts on apple and whether that is one that has unwound enough or if there is more downside here >> i don't think it's quite there. if you step back away from the noise of the daily charts and we look at the weekly chart profiles, it still needs quite a bit of time. so i think there's still more downside in apple. but there's other names out there that are starting to come into some fairly interesting levels. >> which are

>> let's start with some of the big cap growth names that have broken out amazon would be one. netflix, for example i think these charts, as much as people are talking about a secular peak in technology, netflix is just pulling back it's getting to the back of the top of that trading range. when you look at something like an ebay, for example, same type of profile they're not that extended. they're unwinding that excess, sort of in that 42-44 range i think it gets really interesting. probably one that has a lot more hair on it and is probably controversial, i think the semicap equipment names are important. they peaked well ahead of the market i think that's actually fairly

interesting at current levels. >> what do you think of these names, tim >> well, if you think about some of the tech names and you think about lamb or ebay, i think you have some of the secular trends that have made some of them to be go-to stocks. but netflix for sure what i think we've seen and i think we saw this earlier this week, some of that news on monday was around europe and some of the uptick in covid-19 that we were hearing and some of the closures what were the trades that were very defensive netflix was certainly one of them i think you can follow some of the same playbook because there will be those folks looking back into the stay-at-home trade. i think largely if you look at the nasdaq 100, i think we go back to around those july 1 levels that i think are some of the places that rob was talking

about, but for the triple qs that's somewhere around 240-245, which would make it a 25% pullback. >> 2850 didn't cross rob's lips. i'm curious what you think of his levels. >> no. i like rob's work. rob is being realistic with what's in front of him obviously those levels of 3105 in the s&p and 3000, the natural big fat round numbers attract people but i'm looking in worst case scenario for what we have to test i do believe that 2850 level will be tested yet again ebay and netflix are both up 40 and 45% year tho date i would go with the lamb because it's counter to everything that people hate about the marketplace. tech is overbought it's bloated lamb, as he said, first to peak. now it's troughing i think it's time to buy that

one versus the other two. coming up, big tech under fire in a big way on capitol hill we'll bring you all the headlines as the white house preps to crack down on the industry plus, costco one of the big winners during the lockdown. can it continue?

welcome back to "fast money. check out shares of twitter topping the tape today the social stock soaring more than 6% on an upgrade on pivotal research that says twitter could run another 40% higher from here guy, your take on this call? >> i love the fact that their price target is $59.75 which i find fascinating for a number of

different reasons. first of all, i know dan nathan power pitched this sucker i think when it was trading around 32 across the board we've been very bullish on twitter you go back to the last quarter. i mean, i hate the metric but daily active users are up 8% you have all good things happening. they say they might be able to monetize better based on the 2021 olympics. that remains to be seen. twitter has given you every opportunity to buy the stock and stay with it it looks great on a great and i think it's going to continue to grind higher good for them. they're late to the dance, but at least they're at the dance. >> tim >> i think it's a multiple of revenues which is maybe what you have to do, although i think twitter has shown they have been growing ebitda and some of their usage and engagement numbers are

on but pivotal is talking about not just the olympics, but their direct response business, a nascent subscription business. these are things we've been waiting on for a long time i'm long the stock the best thing to me about it is the chart getting back to those june 2018 levels where it consolidated nothing trade in a straight line these days but twitter always runs with a beta of two to three. if you look at that consolidation over the last couple of years, this looks like the level it was starting to break out on. we're following a developing story that could spell trouble for the tech trade including twitter. president trump with his push to crackdown on big tech. >> reporter: i spoke with the head of the republican ag jeff landry of louisiana after he got out of that meeting with the president. he told me he is 100% behind the

doj if and when it decides to sue google over anti-trust violations >> i can tell you that we absolutely will be joining the u.s. department of justice if or when they take that action louisiana will be there. >> reporter: landry also warned that any potential doj action wouldn't stop the states from potentially filing their own anti-trust lawsuit he called out specifically google's acquisition of double click as a red flag and said that facebook has been predatory. now, that meeting at the white house was ostensibly about a stra separate but related issue of trying to reign in the tech industry's liability attorney general barr said companies have become emboldened by their sheer size. >> these platforms can abuse those positions of trust by

deciding which voices they're going to amplify >> reporter: now the doj has sent draft legislation to congress on what's known as section 230. so far, guys, it does seem there are no democrats who support this >> so potentially this sector faces two separate issues, anti-trust concerns but also efforts to curb the protections afforded to them by section 230 of the fcc karen, nothing's really hit the stock even though these threats have been around forever. >> right we saw gdpr a couple of years ago. the resolution always ends up being a positive the announcement of the action itself or the threat of it is what weighs on the stock i feel like they've been under this cloud for a long time and i think that if we see a biden victory, then i think the

boiling of this -- this is like front and center right now i think that will recede i know it's somewhat bipartisan but it's not a burning issue for democrats like it is for the trump administration so that could happen i think bad news is already priced in. >> steve, do you agree with that take on biden being a friendlier administration to tech >> no. because if you go back and replay the debate, we had elizabeth warren, we had kamala harris, not so much joe biden, but i don't think he was asked to weigh in. they would like to break up the large cap tech companies so there's going to be a real push i do believe it is bipartisan and i don't think the foot is going to be pulled off the gas the more the democrats get pulled left and start listening to elizabeth warren or even kamala harris as the vice president. so i don't think there is an easier path for tech going forward. coming up, there was no

daine in the mining trade todin toy's selloff. and later options traders are going big and bulking up on this retail name. that's what my dad does.

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gold miners getting slammed today, down more than 5% this as gold hit its lowest levels since july. guy adami, what do you make of this trade is this a dip to buy >> i think so, yeah. i think obviously what i make of it is the dollar's been strengthening. i think the commentary we folk of earlier out of the fed definitely hurt this group and maybe rightly so again, i'm a believer. i don't think it's over. i think if you still think the

fed's in the game, you've got to still think gold's in play and i think it is. in terms of newmont mining, 56 is the level it troughed at back in june. if it gets down there, i think you buy it into the earnings release. to answer your question, i don't think the move higher is over. >> tim, what do you think? >> guy talked about the dollar which had a move hlower of about 10% from march 19th to about three weeks ago and has risen 3% and possibly heading higher. that will put pressure on gold but i think the trend for gold is very much alive the bigger beta move has probably been in silver, which was also the big catchup trade on people trading that gold/silver ratio which got to places where it really looked

like it was a buy for silver silver probably has some more room to unwind if you look at copper and what we've seen around the materials and commoditiecommodities, coput 3%

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. welcome back to "fast money. costco has been one of the biggest winners of the consumer trade this year. traders are betting shares will continue their winning ways when earnings report tomorrow mike khouw has the action. >> costco sell more than double the average daily options volume and calls significantly outpaced puts the market is implying the stock could move $15 higher or lower that compares with a change of about 3 % over the last eight quarters the buyers of those were paying about $5.75. total volume of over 4,000 contracts exceeded the existing open interest so we could tell those were opening trades. obviously those buyers are expecting the stock to finish the week higher by at least the $5 they paid that means the stock needs to go up at least 3% before those options traders see profits. >> karen, do you like costco

>> i do. i don't own it, which i've said for a while that was a mistake but they do a fantastic job. i think they'll be fine in the pandemic and out it's a great company. >> it seems like buying things in bulk, particularly things like, i don't know, toilet paper, steve grasso is perfect for the pandemic [ laughter ] >> yes and i agree with karen the point she was, i believe, make iing that what people haveo have in stocking up and buying, they're doing the same things through an amazon or amazon pantry but going to costco and bulking up on toilet paper, water, supplies and canned foods, those shopping hacket inping habits ao change i think it's going to take some time before we get back to a more normal, quote, unquote,

shopping pattern i believe that costco now is flirting with that all-time high in the 360s. so if mike is right about options traders, that's what you're aiming for, that 363 price. i would not buy it on a blowoff top here i'd kind of hedge my bets and pace myself and wait until that level holds for at least three days. >> you have a smirk on your face, guy. i'll permit you to participate in this conversation >> i was thinking you could hedge that bulk buying of toilet paper bet by just getting yourself some beyond meat burgers. it worked great for me >> there's a number of things. mike khouw, thank you. for more options action tune in friday 5:30 p.m. eastern time. up next, final trade ♪

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time for the final trade tim seymour? >> i stay with twitter on this one. >> karen finerman? >> i think that the housing trade is very much intact. i like lowe's. i love what marvin ellison is doing here it's not crazy expensive lowe's. >> steve grasso? >> so if we're going to have less qe dollar's going higher, gold in theory should be going

lower. i'm looking at gdx, the gold miners you could wait a little bit here, wait until it recaptured the 100 day. gdx should outperform the metal. >> guy >> we talked about the hospitals on 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. welcome to cramerica my job is not just to entertain but educate, teach, put it in context so-call me at 1800-743-cnbc or tweet m me @jimcramer. days like this, i know, i know, they are discouraging.