microsoft trading under after hours off the aws numbers. you're right, very much a push/pump. a lot of - push/pull. it's not just big tech but encouraging you can get winners like a facebook. >> indeed s&p finished up 0.7% out of time on "closing bell." >> i'm melissa lee this is split-finger fastball tonight's trader lineup -- tonight on fast we wrap up the biggiest day of earnings season, amazon and twitter all on the move, we will break down the quarter straight ahead plus a market crush today one trader says buy this pull back we'll bring you that trade later, a technical touchdown, chart matt master breaking down big bets on cryptocur and canna

we start off with deidre bos on amazon's car . >> another record quarter surpassing $100 million and no slow down, expecting q2 sales to 110 and $116 billion. nearly every segment, aws, cloud business, to online sales to subscription services, advertising included under other revenue. it's now the fastest growing business accelerating 73% in the first quarter. only segment that fell short was whole foods, where amazon has struggled to gain share in grocery. bezos notes in the release prime video streaming hours are up 70% year-over-year remember there are now 200 million prime subscribers. the cfo just told me that this

year will be another investment year for the company they will spend in areas like content which he says to expect increase year-over-year. seen a big jump over the previous year as well. capacity, they said they'll spend on middle mile and increase of same day and one day delivery the call kicks off in less than 30 minutes bezos is never on it but this is his penultimate quarter before handing it over to the next ceo. >> excellent use of the word penultimate. guy adami i know you're thinking of that excellent use of penultimate, second to last, second to final, what do you any about this session,s all about the fly wheel effect around the prime subscribers. >> yeah, debo knows clearly. listen, the stores, the physical stores slight miss dan knows where i'm going with

this, operating margins were ridiculous, operating income beat by about 40%. i thought the last quarter was equally good but this quarter you're getting a price appreciation in the stock. $35.50 prior all-time high in september we're above it now, i think you stay on the stock. we haven't waivered on that. i was pretty surprised how poorly traded last quarter is making up for it now. >> how poorly and irrelevant basis its traded year-to-date and last 12 months dan nathan, is this stuck in a high valuation vortex that's not in favor right now >> it's interesting, guy just mentioned that this is the first new high since september 2nd, 2020, when you think about what was going on there, it was just a frenzy for high growth, for value tech, for anything tech-related, anything deemed to have won the pandemic. so for some reason investors want the totake the next seven or eight months to digest this

one. this is a great quarter. they're firing on all cylinders, one thing people say aside from bricks and mortar was slight deceleration in aws but we know they're a winner and we know they come out keeping that share. two, to me, i guess it ends up a lot like apple, mel, you will get this pop in the after-market i don't see it getting away from yourself this is different story than facebook facebook is much easier to focus where they do well and how they continue to do well and the valuation is totally different will it establish a new range above the long consolidation, pos possibly, but i don't think it gets away from them tomorrow. >> advertising -- extraordinary quarter what heard from snap the difference from amazon, the users of amazon are high intent users, right, they're on there

for a reason, they are looking to buy something so when you advertise you're engaging in an audience that is already primed to buy. is that a concern at all. >> no pun intended. >> exactly >> is a concern at all because of my google and facebook position? >> yeah yeah. >> i feel like that pie is just growing and they're taking it away from legacy-sort of business of advertising. there was nothing wrong with the google and facebook numbers and they see continued acceleration. i don't love any competition but i still feel like the pie is growing. this quarter, i just want to echo everything dan said this was a fantastic quarter operating margins were unbelievable phenomenal, everything was great however, it's hard to say, you know what, this doc really deserves a re-rating, they get a good rating already, as they should, as they deserve to, they've won the pandemic as to them spending

more money they've shown they're good stewards of capital i'm fine with that i own some of i don't think it's totally going to get away here either but i mean, just incredibly impressive i crack up thinking of the range of revenue, 110 to $116 billion. those numbers are just so extraordinary. >> i guess the question here is for a lotof these stocks is ca it get better of second quarter they will encounter tougher comps and lack the effects of the stimulus last year, tim, where do you stand on this given the quarter >> it was important they said prime day will come in june, at least you still have that in q2 and will help the second quarter comp i think it's going to be extraordinary, by the way. so i want to jump into some of the detail on the number, 20% e-commerce penetration around the world. amazon's spend on infrastructure lodgist eie istics

and erp are so far ahead of everyone it's -- i just think that amazon is not expensive, i tend to lean value. you know, 16, 17 times ebitad next year by a handful of folks on the street not relative to its history. i know you want to see growth out of aws but that number had to come down the e commerce here and profitability in that are incredible and i think it's time for next move higher. >> it's a value stock relative to itself on ebidat basis. >> yes. >> let's get to twitter. >> watching that stock drop after reporting. julia boorstin with the details. >> twitter share down nearly 10% by couple factors user growth of

7 million fell one million short of expectation and revenue guidance lighter than analyst anticipated though did -- double revenue by 2023 ceo told me the guidance does incorporate the new operating system to enable people to opt out of ad targeting. he said the impact will be modest and measurameasurable couple points where it is trend, brand advertising got off to a slow start with a strong march direct response advertising, a newer business for twitter was strong all quarter with ten times year-over-year increase if direct response ads from three categories, cryptocurrency investing and embedding companies. the company is sticking with prior expense guidance of 25% or

more for the full year with revenue they say will be growing faster worth noting growth comparisons get more challenging later in the second half of 2020. ned segal will be coming on cnbc tomorrow on "squawk box" to talk of the quarter ahead >> thank you, julia. dan what do you make of this stock lower? >> i'm going to make it really easy for people out there. we have a chart that goes back to last spring, draw a line from the low in march and tax -- attach it to each time it's touched the line in the last 13 months and you got a great buying opportunity each time there's been three moves when it bounced off the up trend of 80% one of 45% it feels like it's headed back to the mid-50's and if it over shoots to the down side like it

just over shot to the upside, that's where you buy what's the catalyst? well expectations are being reset. they had an analyst laying out all these new products, their acquisition review, sub stock competitor and twitter spaces, clubhouse competitor, these are very interesting products, they're just being rolled out, they're focused on the creator economy and how users will monetize them which will increase engage. ment i didn't like it when the stock was trading here $80 but high 50's it's a lay up. >> yeah. karen what do you think? >> i would rather own facebook and i do own facebook. it's a lot of the same bet but at a much cheaper price and, you know, much cheaper, and they haven't stumbled like twitter does the growth rate i guess is higher but the value to me in

facebook it's not even close, google as well social media advertising i'd rather be in those >> that's interesting way to see how well you can play the same trends but lower valuation and you get more options with like a facebook because of the other things they own like what's app and graham which guy i know you're active on. >> i love the graham, for a number of reasons, i think it's a great restaurant as well i'm not on the gram. number one karen did the would you rather, you didn't say a word, if tim did that -- i get it i will say this, everyone's focused on daily average users i got a muppet news flash that number is not going up any time soon ad engagement was up 11% year-over-year and at $59 this makes sense, it's enough you can get back in the pool

i didn't think it was going to miss by the way. we had the ice breaker on talking options on twitter i think you buy the weakness in twtr. >> yeah. tim your take on this decline. >> i just think ad revenue and the focus on ad revenue especially at google and facebook has been so rosie, even what we just heard out of amazon this is just not good enough and the first quarter was not good enough that's based on an investor day and the concept of doubling revenues of 2023, it's just, look, they built the expectations, they put the bar way too high, like these guys, this is a very healthy pull back and as they do they over shoot that's where i totally agree with dan, do you have to buy tomorrow, no, but think of the sentiment on the turn for this company and exciting initiatives did it change over night i don't think so i think the market got well ahead of itself.

>> let's bring in founder gene munster should twitter be down almost 10% at this point >> it should, melissa. i'm in the camp this is not a buy on this pull back, respectfully to your esteemed traders. i ultimately think this needed the greatest -- we have the greatest ad tailwind coming for social companies, 29% growth is subpar compared to facebook 46%, google's 33% what they want to do is really push forward engagement and their mechanism, i think dan mentioned this, kind of their twitter spaces that that product unfortunately there's already a product out there, clubhouse is out there, they're getting a lot of traction. and i think that that goal of trying to increase engagement and i absolutely agree with guy, i think he said his muppet news flash that users are not going

to be groin in this even though the miss was fractional 0.5% compare that to facebook in the last four years have grown daily and monthly active users, just moving at the strength and pace of a glacial at 8 to 10% every quarter, had -- this is very different from twitter. with growth stories you look for the slip up and you have to ask questions, there's a better place to put your money. >> dan made the case in the spring that the stock pulls back and then you buy it, gene, i'm just wondering if at this point in time you think this is a reset of twitter's valuation lower? does it deserve to be lower? based on what we heard today from the earnings. >> it does deserve to be lower ultimately in growth companies it's a very simple model we have followed

for almost 20 years is that growing -- companies that deserve higher multiples, even though the multiples come down still relatively high -- companies that grow need to be beating and accelerating revenue or maintaining revenue growth and with twitter that's not the case i think it is justified, the pull back here, i think this is a great company to trade i would be cautious about just owning this for the next five years. i think this is one to maybe trade down here lower. ultimately we anchor in more of a three to five year approach. there's just not enough growth here and the metrics are not moving in the correct direction. >> hey, gene, it's karen, thanks for coming on. i don't know if i'm jumping the gun when we talk about amazon but i wonder how you get to -- where you get to a valuation and how?

>> so, i think that, you think about that growth story, we did get a read tonight on what amazon believes that they're kind of post-pandemic growth is the first of those reads. i will answer your valuation question in a second here. but if you take the june guidance and apply a typical beat to it it implies 33% top line growth it's been 44 for the last two quarters but if you go back to the quarter before the pandemic, december of '19 the business grew at 28% in other words what we're seeing with amazon is they're indicating essentially growth slightly higher before the pandemic off these very difficult comps. that's representative of a company that's continuing to step into this growth curve. e commerce, as a reminder, different numbers are out there but it's similar between 20 and 27% what's bought in the u.s., that still has a large way to

go i beg a question when it comes to amazon and all their growth where is the next big step in growth going to come from? what's going to happen in retail over the next five years that we'll be talking about i think what's happening if retail in the home is going back through the door amazon leaves it at the door, going back through the door is a huge opportunity you're going to hear more about. >> gene, the market could be extraordinarily fickle, having done this for a while, it humbles me every day but last quarter i thought for amazon was as good, maybe slightly worse, was an exceptional quarter, stock traded up to $3400 in the after hours and week and half later had 2950 or $3,000 handle on it no apparent reason i could ascertain. obviously a much different story now. what was a missing then that the market is seeing now. >> it comes down to what is the true growth rate you've covered it all week, it's

the a-topic, what is the true growth rate? i think what we're seeing here, in my view, it's that the growth rate is more sustainable you look at the five big companies that reported this week and there's strong debate about which of those companies will have sustainable growth i think what maybe the market has missed, looking today going forward, i think amazon is going to continue in this high-20, low percent growth, even up against these massive comps and ultimately what is the valuation, the correct valuation of that? i just think, i just believe it is higher than it is today at $1.8 trillion. >> gene, always good to get your analysis, thank you. gene munster of loup ventures. you had the earnings report, that's one thing, and stock reaction can be something entirely different we have seen very, very different reactions to very good earnings reports the next day. and i'm thinking of, let's say, an apple great quarter.

solid quarter. today the action was eh. right? facebook great quarter. great action the list goes on and on, guy, you can post a great quarter but if you have a high valuation you tend not to do so well the next day, in this environment >> yeah, it's fascinating. you talk about apple last night. one of the comments i made i thought apple given that quarter, you know, my assumption which should have been significantly higher of i guess the longer it didn't sort of test that 145ish level the more it made me believe it was one of these good news, bad price action situations. to your other point though, facebook, it becomes a math problem when you see some of the numbers they're putting up again, we've all been doing this a long time and i will tell you it never ceases to amaze me how sometimes the market reacts how we think it should and other times the opposite, clearly amazon was one and today apple

the other. >> we'll keep you posted on the amazon call kicking off very soon the picks are in, field are set for the cnbc stock draft did team seymour alpha score the touchdown or was it a fumble we're ready to grade the picks but first u.s. steel conference call is under way, we'll bring you details and more when "fast money" returns you got your existing customers — they also get our best deals. everyone. gets. the deals. questions? got it. but, why did you use a permanent marker? because i want to make sure you remember. i am going to get a new whiteboard. it's not complicated. only at&t gives new & existing customers the same great deals on all smartphones. get up to $800 off our latest 5g smartphones. ♪ ♪ (upbeat music) ♪ ♪

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welcome back to "fast money. we've got another earnings alert, u.s. steel reporting earnings let's get a break down of the quarter, bertha. >> melissa, mixed quarter for u.s. steel reporting $1.08 well above the estimate of 91 cents of the top line shy of expectations at $3.66 billion. the street had been looking closer for $3.7 billion. bottom line, benefiting from strong demand the company says and recent acquisition in big river steel adding about 300 basis point of enterprise adjusted ebitad adjustment during the quarter interestingly

flat rolled steel shipments down about 7% from a year ago and total shipments up 12% another sistering thing on the another interesting thing on the balance sheet cost of sales up 18%. even with record steele prices everyone is feeling the high commodity cost. >> thanks, bertha. tim you've been hot on this one. >> couple dynamics, the tailwind for the steel sector are enormous and demand remains very high slightly disappointing when you're on 12 year high on hot roll or cold steel whatever you're buying. if you look at something i don't think people are talking about as part of this release they announced a dividend of a penny a share, no one will get rich on that, it won't attract dividend funds, this is a company everyone worried about their solvenciy this is a symbolic victory and

they're balance sheet changed dramatically stocks up 200% going into this print, expectations are high, stock to hold $21 and the up trend very much alive. look in the environment we have with commodity prices moving higher and resource trades are still early this is a trade i stay in. >> does x cast a doubt on some of the other material stocks, guy? >> i don't think so. i'm with tim i think you can definitely read into that dividend without question i think it's more than symbolic. i think it's them putting the stake in the ground saying we're back by the way this was $45 stock in march of 2018 in an environment that was maybe 60% of what it is now for steel. so you can see where this stock could go yeah it's disappointing. i think maybe people are looking for a little bit better on the ebit number in terms of revenue but it's fine in valuation i think the environment still

works for them big river acquisition added to their margins, i think you stay with this name. >> we got it wrong the conference call is tomorrow morning not this afternoon, tomorrow morning by lot more ahead on "fast money. here's what's up next. >> there's a new reddit trade on the radar, what name are they targeting, details ahead. and forget football, it's cnbc stock draft day our own tim seymour kicking off the party with the number one pick will he see more alpha this year find out as we have greatest picks next, that and a lot more when "fast money" returns. to a huge wedding. to give high fives to our patients. to hug my students. with every vaccine, cvs is working to bring you one step closer to a better tomorrow. sales are down from last quarter wibut we are hoping cthings will pick up by q3. yeah...uh... doug? sorry about that. umm... what...its...um...

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your pick this year is --

>> -- well, i'll tell you what, it wasn't easy there's no trevor lawrence out there but it's exciting time for our franchise. we're just a player away, happy to say, no cannabis, time taking bitcoin talents to south beach that's right number one pick, bitcoin, the best athlete available, to vote for cannabis -- >> tim, by the way, tim seymour, alpha had the first pick in both rounds and he went all in in crypto and cannabis in today's cnbc stock draft now betting on big gains between now the close and february 11, 2022, the last trading day before the super bowl. so what do we all collectively make of his picks, dan, kick it off. >> oh, i like it

i mean, listen, i think bitcoin feels heavy here, it topped out at 64.5 couple weeks ago trading at 53. it was just at 48. feels like it wants to go lower. with the back drop of a lot of money seeming to come out of bitcoin into ethereum. so it may go lower before it goes higher. i think it seems like a reasonable pick a year out. >> yeah there's some strategy involved in this because you have to plan for a year, not what happens in the next couple months or six months it's what happens until february 2022. karen, can you get on board that portfolio? >> yeah, kind of -- i mean, you referred to the strategy of it, i totally agree, you have to think about that, what could really move a lot. right? you could buy something that has tons of leverage, a year ago there were things with a ton of leverage but bitcoin has tons of momentum one way or another. since you're not penalized if it

goes down, you just don't win, and then til ray also followed it's such a pick for our time. cannabis, bitcoin. yeah so i like it >> i mean, if we had a third round he could have toss in an amc or gamestop. guy, i was at least a little taken back that bitcoin was tim's first pick but i get the reasoning. >> didn't think it was going to be there in the second round and he was right because if you recall, which you do, maria ho, who picked second, said she absolutely would have taken bitcoin so tim took it off the board early. good for him and tilray you could see what happened from time to time, it had a huge move in february of last year, big pull back, here we are now so he's playing his space in cannabis, he got it late, and

he's taking a flyer on bitcoin i love what he did it were round three he was throwing letter f at you without question around $11 bucks i think hashtag smooth did a great job. >> # seymour alpha for the draft pick let's bring in carter, did tim score a touchdown. >> jury, judge and executioner first thing, i notice he's not picking coke, utilities, at&t. of course when you go for it you go for it. one year out, i don't think anybody knows anything who would have thought rates would have went where they went, and amazon 1600 to now 3600 in the past year. why don't try to appraise it technically, that's what i can offer, right let's look at bitcoin, i got four charts. here's the one-year bitcoin chart and the trend line which it has broken, it has breached

now, once you breach a trend line what reference point can you use? moving average a prior level? both so look at the next chart, it is the exact same time frame and i've highlighted the january p peek which bitcoin surged higher that level is 40,000 plus minus. the third chart is with the 150-moving average which interestingly also comes into play at the january high so final chart for bitcoin anyway, all of the lines put together so we have a 27% peek to trough decline over 12 sections we bounced a bit here. i think it is probably not done. the time-outs i'm talking about have nothing do with what tim is talking about. tilray not for the faint of heart. exciting three charts the first is very clear.

this going from 440 to 67 and cracking -- crashing 75% look at that sell off. >> all right, carter, thank you. carter worth, time. >> hi. >> it's interesting because the technical take doesn't help draw conclusions as to whether or not you're in good standing for the win ultimately but the chart on bitcoin is a little troubling, at least in the near term. >> yeah and i'm not worried about the near term. i think we've seen multiple pull backs in bitcoin and look i would have loved to have bought it $20,000 ago but i think the sense for me is we're starting to see much broader institutional adoption

it may be awesome moving into ethereum the idea was i wanted to draft the best athlete a avaivague an ambiguous the best athlete available and what you're stacked for me it's can cannabis, i run a cannabis etf but the point is tilray rallies when fundamentals in cannabis have been good it's not a favorite pick in the sector plu but is a way to play something, a lot of volatility in there >> carter had a gremlin that's now gone, so carter's back do want to finish out your charts on tilray. >> sure. gremlins, yes, they're everywhere the sell off it viable that's the bottom line from my seat again, tactically, we're down to a well-defined trend line and also to the 150-moving average, something i rely on heavily. so, $67, all the way down to

$15. it's bounced nicely. here we are $18.65 i like this for a further bounce. >> carter, thank you of corner stone macro. if you missed any of the stock draft it was a lot of fun you can rewatch it on cnbc.com tim was there, guy was there, cramer was there, big parter coming up one trader is buying a beaten down name, that trade ahead. plus, is there a glitch in the software stock, shares service now stock sinking, we will break it down next much more fast in two.

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welcome back to "fast money. take a look at shares of service now plunging after reporting a drop in the latest quarter, red hot stock seeing the biggest decline since march last year. not the only name under pressure shared of z scaler, docu sign all dropping, throw in citrus as well dan, you pointed out the big move lower in software. >> yeah and interesting none of the name use mentioned confirm any of the new highs in the s&p

500 and recent one in the nasdaq 100. i just find it interesting specifically about service now this is a great company. has nothing to do with them. the miss wasn't even that big. the problem is yesterday it was $110 million market cap company trading 17 to 18 times sales or so and clip 10% off today because of a small miss, investors are saying for them to grow into this valuation they have lofty growth expectations to get to $10 billion in annual revenues it is going to take longer than they think and are they willing to pay 100 times earnings and 17 types sales, the answer seymems to be no you have to be careful consumers don't care about valuation right now it's about eyeballs and crap to justify the valuation when it comes to the cr m or saas stuff it could be different. >> yeah with high valuations you throw in a ten year yield that was up to 1.68 during this

session and don't have a cocktail working for you, karen, you're still short itbf the i track software. >> yeah a lot of the high-flyer stocks also happen to be pandemic stocks so when you raise rates like you just cited than the multiples come down and when you have a reopen trade and people flee the sort of things that work-from-home like a docusign they can still grow but those two things together they're unsustainable. >> are babies being thrown out with the bath water? guy? >> z scale you mention the massive double bottom in zs we talked about couple months ago that's tradeable service now to throw more fuel on the fire, they also fired mixed shelf as well in this thing that i think maybe took the market a bit off guard

it's a valuation story with n.o.wrks for sure that got people concerned it is not to cast aspersions, it's just too rich of a stock. >> same question to you, tim. >> so you want a name, i think of some of the names you have or have not mentioned how about palantir was part of the stock draft today and whether it's enterprise software, in some cases, companies look like they dominated a corner of the intelligence side of it, i like that story and i think the valuations haven't made sense in software for a year and half. the poster child is crm. that's a terrible chart. oracle has gone the other way they're a remade company effectively that's a chart you want to own. the high multiple software stocks have been hands off palantir is a stock that got caught in a reddit kind of confusion. it's a story you have to see a

broadening of their customer base, i think they will, i think they're in strategic position to do that. >> the reddit rebellion focused on laser technology, micro vision going wild today, why traders see no end in sight for the wild swing first pharmaflops when "fast money" returns (♪ ♪) a fashion first, (♪ ♪) a science first, (♪ ♪) or a first for us all (♪ ♪) whatever you hope to achieve for your business, cloud first helps you get to value...first (♪ ♪) let there be change accenture

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welcome back to "fast" another check on tonight's big tech earnings, amazon higher in the after hours session the call is now under way that stock holding a 3.5% gain. twitter now down 11.2% that call kicks off in 15 minutes at 6:00 p.m. dan, pick your poison, if you were on those conference calls tonight, what would you want to know >> i think for twitter, most importantly, on a move like this, what is the catalyst to kind of reinvigorate user growth and some of the announcement made over the last two months about new product offerings will that increase engagement i'm sure they will get asked those questions and like i said 30 minutes ago i suspect

somewhere in the mid 50's is a good do in this stock. >> merck having a melt down falling 4% after hours and not alone. karen, you took the pull back to buy more, why? >> yes well my whole big cap pharma was making me a little sick, just a little throw up in my mouth looking at that price reaction so they missed merck 20 scent these missed on revenue. however -- that 20 cent miss this was a low flyer 11 times so the market threw a 20-something multiple on that miss, though the stock trades 11 times, that seemed excessive to me we had almost the exact same story with bristol myers, market put 50 multiple on that miss though they too rea first perioded both these

reaffirmed both of these and big cap pharma i think of reopen trades, i don't think of them as sales denied but sales delayed when we talk about multiple contraction i'm surprised to see it here when this is such low multiple stocks. normally on a miss i wait three days and let it shake out but the magnitude when they reaffirmed seemed excessive to me so i bought merck and bristol and lily as well at this valuation, ten times, you know, i'm comfortable owning it plus the dividend but that's not why i own it. >> ten times for what could be the most ultimate reopening trades, if you think about what merck makes, two-thirds of what it makes, treatments or vaccines, must be doctor-administered. you have to go to the doctor's office so when things reopen what are you going to do, guy, go to the doctor's office an gd get the treatment you've been putting off, right

that multiple doesn't seem to reflect that don't know why i picked you for that >> that's not typically something i -- you know, i used to say there needed to be a bone sticking out of a limb for me to go to the doctor i'm a bit of a neanderthal so probably the wrong person to ask. merck traded 72, 73 past support on a valuation it is stupid cheap. i think the market took the headline miss in revenue and eps for the quarter and punished the stock. that's the environment we're in. same with bristol myers. and eli lily up for the day, makes sense. i think merck on this miss given the volume it traded is absolutely worth the look. >> tim, quick look on pharma. >> i agree with ervin here . >> i agree with everyone here. the great iron these are not covid plays, some think it might be in merck's case every analyst on the street reaffirmed their

numbers just the same way the company reaffirmed their numbers. yes, i think this is weakness to buy. i continue to like j&j but am long merck >> coming up this stock -- getting twice the trade as gamestop did on its bets, we will reveal the name -- and cnbc cele cele celebrates fnls -- financial literacy month >> financial education is fundamental. you have to do the math whether it's a huge negotiation, huge contract, or a huge business you're running or a small business you're running, you got to do the math immediately in your head even, financial education is fundamental to success and should start at a very young age for both boys and girls.

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laser technology stock getting more than twice as many mentioned as gamestop on reddit's wall street bets, according to think more data let's bring in mike khouw what did you see? >> quite a lot to see in micro vision options this normally trades 100,000 contacts a day, quite a lot for relatively small company traded calls out pace puts by two to one right now the options market is expecting a is big move by may a move of 40%. by june 50%. by july expiration, the options market is implying this could move 62% or more higher or lower. the most active options were the may 20 calls a lot of folks were selling those. open interest had built interestablely over the last couple weeks and started to drop off today. think couple people took last couple days of weakness as an opportunity to pair some bullish

bets that doesn't mean everyone thinks it over some are holding out hope believe it or not that this stock could double over the next three weeks or so. >> this has been, mike, i imagine a very actively traded option for quite some time now it's been on reddit, it's been on wall street bets for a while. >> yeah it has actually. it's been averaging about 100,000 contracts a i day over the last 20 trading days. >> wow. >> that's 10 million shares equivalent when multiplied by share price of $18 today that's a lot for a company with a market cap of $60 million only couple years ago >> a company in the ev-automous magical sector. >> it's the future could trade

at options on that future which actually, it's just pure pixie dust it's fai fairy we're talking about reddit, it's a bunch of nonsense they got one right, gamestop. i don't mean to rail against it, i'm telling you when this all shakes out it's going to be so nasty. >> we'll be tracking it for sure mike khouw thanks up next final trade. ♪ ♪ ♪ ♪ ♪

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time for the final trade, let's go around the horn, tim? >> beating up ford means beating up gm, i don't think that's fair and a lot has been priced into their earnings next may 5th,gm. >> salty dan. >> beating up ford, i liked it the other night as my final trade, like it here now down 10% still, i think it has more room on the down side in the next couple days to buy. >> unpick stock in the stock draft. karen? >> yeah, beating up gm, that was my trade today but that's not my final trade, my final trade is

another beaten up stock, bristol myers i thought was an excessive beating given what was bad performance. so bristol myers. >> guy adami. >> don't tell ups but fd x going higher. >> you're betraying watching "f" "mad money" starts right now my mission is simple to make you money. i'm here to level the playing field for all investors. there's always a bull market somewhere and i promise to help you find it. "mad money" starts now >> hey, i'm cramer welcome to "mad money. welcome to cramerica others want to make friends, i'm just tryingto make you some money. my job is not just to entertain, but to educate and teach call me at 1-800-cnbc, or tweet me @jimcramer. it's all about the chips on the one hand, well, we've got enough potat