hoped for someone else besides yellen >> you have republicans issues support, gary cohn former nec director for president trump saying janet yellen is an excellent can choice and believes she'll promote economy good for everybody >> much more on that and strong markets next on "fast money" which starts right now >> i'm melissa lee, this is "fast money. tonight's trader lineup -- tonight on fast. over cooked what morgan stanley's mike wilson is calling this market and says we could be due for a big pull back. and snap rolling out a new service to take on tiktok. why one trader thinks this could be a big bet that pays ox late -- pays off later, good old fashion game of shop it or drop it which belong

on the naughty or nice list. starting with late breaking news on president-elect joe biden's treasury secretarypick steve l. >> reporter: esman has steve liesman with the details. >> thanks very much. president-elect joe biden nominating janet yellen as treasury secretary if confirmed will be the first woman secretary in the country 231 one year history and second chair to host post of second chair. first woman to fed chair from 2014 to 2018 raising inequality that the fed should deal with. fed vice chair 2010-204 and ceo chairing in clinton 97-99 can expect tore additional relief for the

economy, believing less in the markets to come out of the recession without government aid. here's what she thought needed to be done in april if coronavirus lingered longer than expected. >> if this lasts a long time there will need to be additional support for unemployment insurance, possibly further checks to support other needs that households have i think state and local governments need more support than the cares act provided, perhaps health insurance, particularly for workers whose got health insurance through their jobs and that's been severed. those would be things on my list >> yellen can be expected to be in line with democrats on holding the line on existing banking regulations, --

her biggest challenge as a treasury secretary should be expected to back her boss politically on economic issues but not uncommon for good economics to conflict with politics. >> on that point, steve, as treasury secretary she'd be expected, i imagine, to also be the bridge between administration and congress when it comes to stimulus it is clear she's in favor of bigger, boulder stimulus do you think she's got the political chops to play that role >> you know, i don't know. because here's the issue as fed chair her ability, her willingness and tradition of the fed was that they weren't really all that political. >> right. >> they didn't really go in and lobby for things say, hey we should have stimulus how much or what you do is up to you. now the shoe son the other foot so to speak where the administration could be proposing here's what we need to do and she'll have to go in and lobby for it in public and

behind the scenes. >> so stimulus we know where she stands low rates we know where she stands, banking regulation we know how about things like the dollar as well as trade some of the other policy-oriented questions the markets might have >> you no know, is it will . >> you know, will be interesting to hear what she thinks about trade. she would have been part of the consensus that favored free trade. it is hard to learn economics and not be generally in favor of free trade helping the people who are hurt by it but not keep out the exports. i think the biden administration will have to pick its way very carefully here on relations guys china, president trump has reset the issue in a big way, that's going to be an issue for biden to navigate, and yellen to navigate on the issue of the dollar will

stick to the old saw, won't talk about the dollar very much, the dollar will go the way it's going to go and specifically intervening on the dollar i wouldn't expect to be a policy of the biden administration certainly not a yellen treasury. >> steve, clearly the market likes this i guess my question to you is being she wore the fed chair hat, how much of that is transfer tbl -- transferable is there a skill set she'll bring to the treasury that maybe someone in the past, going back to hamilton, has never had >> i don't think so. in part, because i think the economics as she sees them are the same economics as she goes over to the treasury it's a matter of she wasn't all that excited about the trump corporate tax cuts i don't think she was excited about them at the fed. i don't think she crosses over to the treasury side and she's going to be more excited about them i think she'll probably have to do more in terms of

international relations. she did a lot of that at the fed as well. i'm not sure there's something specific about it except that she's going to have to follow the economics. there's a lot she said and written about economics. eek conomist differ how they wa the economy to run things -- it's a sense or signal that biden will side on the favor of the free market with more intervention than republican side but not dismissive by any shape, or form >> it will be interest s to see if she does anything to close the gap in the inequalitys that are developing in this economy because of the pandemic given her background as labor eek m t economics' and fed chafir

it's like a chess piece, yellen to treasury if confirmed what does chairman of the federal reserve a little brayman look like in terms of policy. >> we know fed governor lail gray braynor was strong on cia banking relations, wanted to have done. that was big part of it. i want to go back to the point of yellen, these are easy days for her, why, because the fed and treasury will be together for the next several months maybe the next year on what needs to be done for the economy. it's down the road as the economy reaccelerates when issues of the deficit become important you could almost immediately have republicans in the senate start

pivoting towards fiscal haust hausteritausterity. you could have a bond market demanding austerity. could have the fed -- these are easy days now, the question is to ponder how does the relationship work when the fed and treasury during a booming economy have to go their separate ways. >> very good question. steve, always a pleasure thank you. >> pleasure, thanks. >> steve what do you make of jellen treasury secretar yellen r . >> i think she's thoughtful and rational and does bridge monetary and fiscal policy

if there's criticism from the right that she fed policy in the last ten years has been beyond remit, has stepped past where people thought the fed should go in terms of coming up with unorthodox policy to encounter unorthodox times i think the most important legacy for miss yellen from the fed and treasure possibly is that the fed in the obama administration was very much focused on and certainly focused on not removing monetary policy before the economy recovered all of the dangers and peril leaving a economy to suffer a shock it's unable to endure. that dynamic opposed to fiscal policy will be very important. the market's going to like this. the market does like it.

that's the place we pick up the conversation >> i mean she's a dove and wants a lot of stimulus. isn't that what the markets want to hear. >> yeah, i do think it's interesting though that obviously she presided over the end of zur when she was initially after year in the seat at the fed she is a dub. i think the point about being a labor economics' when she talked about how many when she talked about how many lost health care because of loss of jobs, at 700,000 lost their job. from january to february it was averaging 225. so we're going to have to deal with structurally high unemployment at a time there's going to be really deep scars on our economy for the next year or two, you know. so i do think she's very thoughtful i think it's ironic that trump

seemed to really like her during the campaign in '15 and '16 but i suspect she'll work well with jerome powell, the begging hes was doing for further fiscal stimulus all summer into the fall is probably where we get a good connect and to your point the markets will like that. >> yeah. should we be more bulli isish -- about the markets knowing yellen could be treasury secretary? >> i think what's equally important, you brought up the relationship she's going to have on capitol hill what it will look like since she's supposed to be non-political figure i think what dan said is important, the relationship she's going to have at the fed and people she know there's is equally as important let's remember, the senate is still run by republicans so what can and cannot be done is a huge elephant in the room,

if you will. so i think, the market should be excited about this it's an acceptable choice. not only for the democrats, but for the republicans. i think this is as close to a non-event choice as president-elect biden could have made so i think it's a great choice for the market >> about a dozen republicans voted in her favor during her confirmation as fed person, that's important to bring forward through the next set of hearings guy, your take on this pick? >> yeah the market likes it and the fact you have elizabeth warren on one side singing the praises of that selection and number of republicans as well, i think it speaks volumes how universally likeness this will be to steve's point though are you going to run into trouble with the fact republicans seem to be in control of things was fascinating couple weeks ago when will burr ross out of nowhere talking about debt and

deficit, now we're starting to hear about it, if we hear more maybe that throws a wrench in the works. don't know that's the case, but that's my concern. but the fact that she's been in the previous role, i think the markets are going to continue to like that. and i think getting through this without someone that could be polarizing in that seat, example, elizabeth warren, i think that's what the market is looking for. >> yep more on this treasury pick and impact on the market bring in chief equity strategyist at morgan stanley, what's your take. >> from my standpoint get thing is it's not going to be a fight. she'll get approved pretty quickly which is important because we don't want time to pass in the transition so that's point number one point number two, she's a familiar person as well. the market knows her i mean, the world knows her.

this is not somewhat will she be like people know who januaet yellen. people know who janet yellen is, someone with clear visibility. >> shorter term looking for pull back and long term bullish, i wonder, if knowing janet yellen will likely be the treasur trea secretary will it make the market bigger for consumers. >> i wouldn't say bigger or belter but will relief the anxiety. we still think we need stimulus in the first quarter and think he we will get it once we get through this lame duck period. maybe it will require market pressure our call on the mark has been pretty clear the index is not really where the action is.

right. the market opportunity is beneath the index level that's a thing we've been a spousing all year that does require an economy to continue to improve. i think the janet yellen pick is supportive to that idea. i think in the near term we have to get through things that have nothing to do with this appointment and the market may need to deal with that in the next month or two and maybe that creates anxiety one more time and the market has one more twist up its sleeve but we're in a new bull market recovery and need to skew down the cap curve towards more cyclical parts of the majority -- the market and that seems clear here. >> when you look at your picks how much are you looking through the prism of growth into value and today energy was the leader. is that because of a, the vaccine, growth in the value, or, do people think that biden

was going to be terrible on energy and now we're softening on that? >> well, today's an interesting day of priced action energy moves are always extreme when they get going because there's a the love shorts in the energy space that sector trades like it's short. that's why it's so outsized. you look to the industrials and financials all participating in mostly small caps. to me it's higher beta on energy because of the short base. i think it's performing in line with its natural beta and short basis making it more extreme. i don't think anything specific today more on energy than other cyclical areas. >> mike, it's tim, what has moved aggressively are things under the index, whether transports, whether industrials, the gm and airlines, recovery

trade where do you jump in i thought today's market action was very bullish, actually, i'm curious where you are. >> i agree i think you and i have been on the similar page for a while which is you need to force yourselves away from the former leader and elite opportunities, in the stocks that once again materials, industrials, energy in that bucket and also financials is the one still left behind because rates haven't really moved yet way i think about it is the rate market is the one that's behind. okay every other market in the world is telling me things are going to improve this year but whatever reason the rates market is left behind because there's a view the fed will keep things tapped out but that's a losing game the economy continues the way we think it will, rates will follow and leads me to believe maybe financials have the biggest

upside potential because people are still leary of going there simply because of the rate story. >> mike, great to speak with you thank you. >> thanks a lot. have a good night. >> mike wilson morgan stanley. you too. to build on the leadership names, this was sent out moments ago. each of the top five stocks in 500 declined while index rose, dan, i thought of you immediately when i read that e-mail. >> listen it's been my view. steve has been on this rotation for a while. when you see apple the largest market cap company in the world, $2 trillion market cap down 3 percent and rest of the group down you're seeing the rotation here's where i'm a little less optimistic in neither term in the mike wilson camp that the market is a little over cooked here the fed balance sheet has increased three and quarter trillion this year alone we know there's going to be one

or two trillion more in just fiscal stimulus coming in the first half of next year. at some point all of that debt has to weigh on future growth. i know the rates where they are is great for stocks on a relative basis i'm not concerned when i think of the major mega cap tech stalks correcting, goi goingway because you -- going side ways because you have moves in other area but i don't buy it, i see gold golden sacks calling for are we in a double dip what's going on with the economy? longer this transition is extended least likely we are to have our population inokay lated under the best case scenario which is really when the economy and stock market can take off. i'm not so certain with all of this debt that we are just getting to the bridge to the vaccine so we can keep the stock

market up. not sure great for future returns or economic growth. >> get together financials, guy your take. >> we said for a while, when was trading at 41 and 59 tangible book we said these were value ags you didn't even see in the financial crisis and the stocks were too cheap and now you're seeing the banks move to levels that make more sense i still think you could see a rally in the banks you can get citi to 85 tangible book and $58 to $60 stock then you start taking profits true for other names as well my push back for dan, i understand what he says about the resource trade but i do think there's room in resources, free port, mack ran, cleveland, they make sense, and leverage energy name, look at the move in psx in last month and half and

look the move today. despite the fact there's head winds coming there's running in terms of stock to the upside. >> all right coming up snap take's a spotlight, a new feature to take on tiktok. will its big bet on short videos pay off. we'll debate that. and tesla stock to a new all-time high we'll break down this record run when "fast money" returns i will send out an army to find you in the middle of the darkest night it's true, i will rescue you oh, i will rescue you

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welcome back to "fast money", snap hitting all-time high as it rolls out a new feature called spotlight, showing users the top snaps for consideration and will pay top readers with daily pool more than $1 million as incentives and spotlight will launch ad-free for the time being steve's been all over snap for a while. is this a big deal >> yeah i think it's a huge deal more importantly it's grossly outperformed facebook and twitter, snap is up 180 percent year-to-date facebook and twitter up 30 and

40 percent respectively. most importantly not in the cross hairs of d.c when you look at the pool of $1 million per day that they'll be giving out will bring a host of content in, it's going to bring in more users and then not to begin with but they will start having ads there that's going to move the needle again for snap i think you stay there far as i'm concerned. >> it's interesting as i'm reading this analyst note they make a point a lot of users use snap ar features already so the likelihood is they will use both effectively so you won't lose anybody, you might gain some people, and you'll keep the people, more importantly. >> yeah, listen, it could work again, the stock is up 180 listen, last week we were talking about twitter's fleets, we were like that's cool, i fleets a couple times, i'm done.

so i'll tell you next week at this time, i have two teenage daughters who go back-and-forth between tiktok and snapchat if they start using the spotlight, if they do and stay there because say charlie goes to snapchat because she wants to take a million a day, right, then they'll have the audience and the engagement and they'll be able to kind of sell ads to it, right. here's the thing, in the near term, just saying, they're going to have to ramp up and hire a lost people and make sure there's not bad content on there. there will be cost associated with it. we'll know quickly if major tiktok influencers if they don't use the spotlight it will be under water this company said they don't want to rely on celebrity user-generated content for engagement so it is tricky. i'm all for it if it works >> i know you go to dunkin and get your charlie drink and fleek

at the same time i'm you're courthouse to see what you i'm curious to see what you think of this one. >> i'll be careful here. for those a certain age, fleek, it's a different product i digress, i encourage people to go to google and check it out. we've been stead fast with snap stock when facebook took the eye off the ball now ask yourself $16 billion market cap company from 28 to 45 in a straight line since the earn s release is it too much too fast? as bullish as i've been now's the time to be pairing back, azuas as euphoric as people are, now's the time to be pairing down on snap. >> coming up, is santa claus coming to town this year

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welcome back to "fast money. the countdown to christmas is on, only 31 shop days left and santa claus is coming together, a strong holiday season of 5 percent sales growth and 20 to 30 percent increase in online shopping sales we were just talking about the need for more stimulus

the desperation of americans who are out of work with no health care and here we are talking about people spending more than lastary. last year. >> my shopping is done so i can tell you from experience. >> that's me clapping. good for you, tim. >> yeah. right. i think the reallocation of the wallet in the household is very clear and when you talk about discretionary retailers and their stories it's not difficult to see where even a lulu lemon and target and walmart and extent consumer has more money to allocate towards purchases, they will, they're not spending on vacation, entertainment or restaurants and even a down trodden consumer, note everybody, but unfortunately there's a lost folks out of work this holiday season. the covid trends have a little more time left i think you will see the numbers

in the holiday season. what's priced in, we have that conversation every night in terms of what we will see around the holidays, should be. >> >> and the stock market market suppose to help feel richer around this time. >> yeah, without question. i've said this for years never bet against u.s. consumers wanting to spend money, they'll do it given the opportunity and are doing it now. spending in restoration hardware in an all-time high william sonoma as well great name as with dollar general listen, we have one of our favorite games called shop it or drop it. >> i can't thif another game up there in the pan theen of games in "fast money." check some of the moves as we head to wonderful year for some stocks nordstrom up 93 percent.

ulta and gap up 35 percent target all-time high today time for one of our favorite games. that's right, shop it or drop it let's kick it off with nordstrom, shop it or drop it, steve? >> i'm going to shop this one, for the main purpose, my premise is, if you did well in 2020 on the retail side will be very hard to replicate that in 2021 nordstrom was a restructuring story, that's what the headlines told us in may stock rallied 75 percent off th may lows to june right now we have the target zone 25 level on technical basis. nordstrom can crash through on the upside there's a lost runway for this stock, don't bet against it, shop it. >> yeah, that seems like a fairly technical take.

i see the levels steve is looking at, the 2019 low around 25 and june or may high around 25. if you draw a line from 2018 high and connect it to the late 2019 high and get right back to that $25 you have a mass you have down trend from an all-time hi, mass technical resistant i would drop it if you know something fundamentally i don't that's one way to do it so i'm dropping this >> let's go to ulta having a beautiful month tim? >> i think i have to drop this one. even though the trends are interesting. i know the cosmetic business is down 50 percent since we got into covid the story is they've developed partnership with target. all very good. i just think the valuation is very stretched at some point, yes it's a recovery story but not in the

short or medium term to compenseate for big multiple. >> yeah, huge off the march low, no question. but i think there's room, at least up to 300 which if you go to february was one of the prior highs, not an all-time high but a prior high despite the fact it is rallying and valuations might be stretched you seen these stocks over extend to the upside and i think that's what you will see in ulta and so i would shop it. >> well played, guy. so, back to target, trading at all-time highs, shop it or drop it >> well this is one we've talked about i know seemingly forever when this was trading trough with walmart we said if you like walmart at 28 times you got to love target at their valuation, that's proven to be correct. target has absolutely caught up. the question is can it continue in the upside, yes, you're in the mid-innings but not the late

in innings for target's stock so i say shop that too, mel. >> i'm going against that on target i'm going to say drop that one target has been excellent in navigating the pandemic. it's been excellent. it's been on shopper's lists and investor's lists but you can't tell me with confidence they're going to be able to replicate that in 2021 it's about 13 percent above its 1 a-day moving average this is a hard-act to follow i'd be a seller. drop it. >> let's get to gap on levels we haven't seen since april 2019. shop it or drop it, dan. >> i'm dropping it, it's up 400 percent from the march lows. back in february before the stock fell off the cliff it stock was trading at near ten-year lows, there were things going on in this company's business that weren't attractive to investors i'm not so sure they're better

from going from earning $2 a share last year and losing $2 a share thissor and taking couple years to get back to peak earnings, that's something you want to invest in much higher than where it was trading pre-pandemic i'm droning this one -- i'm dropping this one. something's going on in this space, not something i want to own in 2021. >> right tim >> maybe >> conykany . >> right where is kanye not been you have a case here where the recovery, you see in old navy and look at i various pieces old navy trade six to eight times and athletic ten to twelve times and largely getting banana republic for free, at some point in time we have to worry what we

look like when we go back to work i think gap has some space to go, it's probably $32 stock even though it's had a big run. >> coming up, option traders are calling for a big move in dell buckle up for that first we have a mystery fast pitch on deck. what's one name to gamble on here that's a ht.in we'll bring it to you when "fast money" returns the same. the usual. the what you don't even have to say because they already know it. your go-to small businesses are relying on you to come back and shop small again. and again. and again. we know them. we love them. so let's go shop small. with american express.

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welcome back to "fast money. bally's sharing surging 50 percent from last week naming rights to regional sportsnet work this stock with more room to run, joining us for special fast pitch, steven, welcome to the show, great to have you with us. this is a company you're intimately involved with what about bally's do you still like after this massive run? >> you know, as you said, we've been involved with this investment for quite some time, seeing evolution go from single-name property to where it is now in 14 different casinos

10 different states and of those 8 of those will act as live sports betting we're looking at 2.0 how you do with sports betting, we got the casinos, we've acquired sports technology platform and now we've got integration of top-rated media broadcasting company sinclair idea is to no longer capture traditional sports betting but to enhance overall growth who will bet and how you'll bet. >> how do you see what will become the most valuable part of bally's? will it be the sports betting technology or the physical casinos? how do you see it plagying out over time. >> it's important to have a balance. there's a whole new customer base yet to embrace the technology what we're doing

with sinclair. when you think of how the business can grow and the multiples as far as the upside is concerned, having technology and our innovative way to match the technology with the casinos with sinclair that's where a significant amount of the upside will be but we really need the success of our land-based casinos. we've doubled the size of the casinos during the pandemic. >> i want to make clear to the audience that they know standard general your firm owned 37 percent of the flow of bally's so your in this very deep, steven you mentioned upside so what do you project that upside to be from here >> well, now for everybody, it should be -- it could be truly what we're newing about, a multiple of where it is right now. this has been a high conviction investment for our firm for a number of years right now. and we watched all of the transaction which have gotten

into a much larger casino platform but the transaction announced last week is truly transformative sand really something that we at high conviction are for and even higher at this point. >> okay. let's see if the traders have questions. guy, question for stephen >> stephen, unbelievable position, congratulations. bet works. i know bally's entered into dea is it important part of the thesis. >> it's important, the three-prong event. we've seen 1.0 version of casinos to partner up with technology partners to get new customers who weren't betting typically at casinos and not betting the spreader who wins or loses. sports betting will go to

another level in gaming, how many hand offs or passes, it will make viewing sport that's much more exciting and more people will be interested. >> stephen made the case, let's time to vote on his pitch, dan what do you say? >> that was a massive move i'm not a buyer. they obviously own this stock. i think the break out level will be between 30 and 35 if it pulls back there that will be a good reload sinclair i'm sure did a lot of due diligence there, you know, is that a network you want to be associated with given all the press over the last couple years or so related to them. to me, i think it's one play in sports betting these guys have placed their bets, it's not for me though >> tim >> so i have to be consistent. i'm long draft kings and valuation is unjustifiable except for the upside on the opportunity and technology

i'm worried basket ownership of - i'm worried about the ownership of brick and mortar casinos. i'm a buy. concerned about the short-term sector i think is out of hand. >> steve. >> i'm going to say buy. i like the opportunity here with sinclair i like that that works and you called it. if they're in control of 30 percent of the float and the float is not that great to begin with it sounds like the stock has the ability to go much higher. so although it is a tremendous move as all the guys just said, i think the stock can do a lot more aggressively higher with that little float and controlling 30 percent of it >> guy you got your white board up, go ahead. >> can you read it >> says i'm in the house of usher. >> exactly for you edgar allen poe fans,

i'm in the house of usher. well done stephen. huge move. think you stay with it. >> wow three of the four traders say it's a buy stephen thank you for sharing that pitch we hope you will come back soon. the traders have voted you're turn are you buying stephen's fast pitch on bally's. the results at the end of the show up next, ev maker zooming higher today, you will hear from ceo who has big backers does riaivn. hoping to comeout king of the car market

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welcome back to "fast money. private automaker rivian going big on green as competition in the race to electric heats up. let's get the details and rare interview with their ceo. >> we've talked a lot about electric pick up trucks will be huge year and half or two before electric trucks hit the market rivian today opened configure ator for orders of the r1t the pick up truck. the r1s is the electric suv.

by the way the r1t starts at $75,000. they are excited about it. but it's entering a crowded market when you look at the electric pick up market it breaks down like this. in the mass market you have ford and gm in there. those who will be focused on the work fleets include lords down motors we talked about extensively. and rivian along with the tesla cyber truck is in the third category, lifestyle, pick up style buyer. ceo thinks it's a huge market, here's rj scaringe >> we spent a lost time focussing on adventure lifestyle where we see the core doctorates making investment to electric. >> not only pick up trucks and suv's do rivian hope to make a

big splash but also commercial delivery transfers rivian will be building electric commercial delivery van for amazon will be delivered to amazon late next year. when it does happen rivian will look at a market they're delivering commercial vehicles, electric pick up trucks and electric suv, so watch rivian. a lot of people stay there's a lot of publicly traded with facts, rivian is not public yet but a company we really want to be watching. >> thank you let's look at ev makers, across the board were higher, tesla hitting a fresh all-time high. ful makes a good point, you want to watch rivian with deep pockets its backers, could it pose a threat to tesla >> sure it could i like the fact as phil said you

have amazon and ford investors, but it's amazing to me we're not seeing the prices becoming more competitive. i would like to see these prices come down. so i don't know if you're going to buy this car or truck over a tesla cyber truck. i think that's the billion-dollar question. i will say though, blink charging is up 270 percent in six days you know the headline that we all walked into today was three out of four of the nasdaq's top performers last week were in the ev space so not only look at these car makers, melissa, look at people that are servicing the chargers. look at all of the other domino effect in the industry as well >> tim you tweeted out a really interesting stat on gm, an ev maker as well, earlier today >> yeah, see what you get when

you read my twitter feed the point is, good gm is up 47 percent or so, made it look like gm needed nikola rather than nikola needing gm. going back to gm last year profits were record profits a company that's run very differently than it used to be back to the ev-story, a cup with multiple access points into the ev dynamic which phil has documented with a lot of deta s details, the models ready by 20223, including lifestyle pick up truck as well so i think they can compete in there, the most important thing about gm it is a little bit of multiple re-rating other car companies have extraordinary multiples, maybe they deserve them, maybe they don't but taking gm from 6.5 current maybe 7 times to an 8 or 9 times means this is 60 or $70

stock before you start to worry basket numbers being gaudy, especially based on a future where ev has to be a major part and clearly they've not only talked basket spending but they talked about spending but they have models ready to go. >> good for tim, number one toscano-anderson his point to tim's point about multiple, put a multiple on $6 going to earn it. $54 stock. i think in terms of deserved expansion is deserving for dell motocross -- >> dell up 15 percent since the beginning of november. looking to continue as it cross the wire >> yeah, looking at dell puts up 2 to 1 we're suing th we're seeing option volume twice what we seen over the longer term taking a look at theaverage

move, seven percent on earnings compared to nine percent move derived from implied options from between now and december. the trade that jumped out to me the december 70 calls sold for $2.75 capping the upside at 105 percent they're saying we see a lot of companies come out the doors and trade off and expect that to continue. >> thank you for that. coming up, your last chance to vote in "fast money. do you think bally's is a buy? head to twitter and weigh in results and final trades are next ♪ ♪ ♪ ♪

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tell your doctor about all planned medical or dental procedures. what's around the corner could be worth waiting for. ask your doctor about eliquis. what's around the corner could be worth waiting for. witenergyng, and change came to every part of our universe. seismic or small, it continues. change is all around us. shaped by technology and human ingenuity, we can make it work for you and your business. this is the new iphone 12 pro with 5g! and it's on at&t, the fastest nationwide 5g network. now, new and existing customers can get our best deal. really?! mom! at&t has the deal for new and existing customers! i will. so what'd she say? wrong person. it's a guy named carl. but he's very excited and on his way. word-of-mouth advertising.

it's what they did before commercials. it's not complicated. everyone gets our best deal, like the amazing iphone 12 mini on us. time to find out if viewers at home are finding stephen's pitch on bally's it was a big fold, over 75 percent of voters are not placing big bets on this name he owns 37 percent, so i doubt he cares about the polls but fyi. time for final trade, around the horn tim? >> resources trade it, it's almost back pet row bra starting to trade out

>> i like auto nation an >> steve >> ge, breaking out, i'm still long on it >> guy >> cb. chubb. >> all right thanks for watching "fast money. rar " money with jim cme starts now there is always a bull market some where and i primomi to help you find it. "mad money" starts right now hey, i am cramer, welcome to "mad money," i am trying to make you some money my job is not only to entertain but to educate and teach you call me at 1-800-743-cnbc or tweet me @jim cramer the postov