vicinity of the 50-day average. >> the 10-year yield at 1.46 surprises people it can't decide whether it wants lower yields or higher yields. >> right parts of the market can seize on lower yields. >> like tech. >> yeah. and the transport. >> that does it for us on "closing bell. thanks for watching. "fast money" starts right now. live from the nasdaq market site overlooking new york city's rainy times square this is "fast money. i'm courtney ragan filling in for melissa lee. tonight on "fast" amazon in focus as we're hours away from the end of prime day or days but what do early results say about the state of the consumer? former best buy ceo hubert joly gives us their thoughts. bitcoin's big bounce crashing through the 30,000 level before staging a big

rebound. and it's the start of a whole new business cycle the ultimate stay-at-home play is trying to get in on the back-to-work trend too we're going to bring you those deals. big move for big tech. the nasdaq outpacing the broader market today to close at an all-time high and marking its first interday record since april. take a look at some of the faang plus names netflix up nearly 3% facebook up nearly 2 microsoft hitting a market cap of $2 trillion for the first time it closed just shy of that number is this a sign of what's going on in big tech across the board? steve, i want to start with you. it seems like that's all we talked about for so long you can't go wrong with faang and that faded a little bit. we're back is this today? is this forever? >> my guess is if you overlay interest rates on those charts, they would be inversely correlated so the lower the interest rate goes, the higher

the stock goes everyone knows or at least i should say the old train of thought is you don't invest in tech in a rising rate environment. >> right >> so that got slammed now when rates start to come in, you invest back in tech. that's what we saw. >> tim, we talked last night about netflix. that was sort of because netflix signed this new deal with steven spielberg. >> right. >> is there anything having to do with that sign or is netflix just a good name to own in this environment. >> i don't think netflix is a good name. >> okay. >> in the context of competing with disney. back to megacap tech, steve's right. a lot of this is an allocation we've been trying to say since may of 2020 rotating out of this, rotating out of that that's when banks made their first rotation banks said, okay, faang has rotated out of this. the qqqs have rotated 5.6% since midmay that's probably where we started

to peak on the 10-year since the fed qqqs have outperformed by 2% that has been the trade. the weightings, if you look at the qqqs, about 42, 43% of it are faang stocks it's dominant. i said this yesterday and i reiterate it wow, markets are starting to move higher. volatility is down a little bit. this is the group that's going to move the headline indices the s&p is 22, 23% for the same names. important time for markets the fact that vol finished below 17, the fact that we're settling in on a range in the 10-year i think we are range bound it was a reset last week. >> i think you own some amazon and you were saying yesterday you're never really happy if amazon goes up or amazon goes down which maybe suggests you don't own the right amount would you make any changes with amazon moving higher with the rest of the faang plus names >> no, i don't, i continue to

feel bad regardless of what happens and second guess myself. i do big faang exposure. alphabet has been my biggest position for a long time i have apple i have microsoft and facebook as well i don't have netflix i share tim's concern on valuation basis, but it doesn't seem to matter it's funny, those are the sort of old school tech now, right? the faangs are the elder states men of the tech world. i'm comfortable with those i'm comfortable with the valuations i look at something like a facebook you back out the cash. these are really value stocks. i don't think so much about rotating into value over growth or one over the other. i'm not good at picking trends i'm he not good at jumping on the sentiment. i just want to own the things i think are good a lot of these faang names are good like that maybe they went briefly out of favor. i like them. i'm going home long. >> okay. guy, what do you make of this move in microsoft, $2 trillion

that's an elder states men of the group. >> guy's an elder statesman. >> a number of times you've said -- by a multiple unfortunately. it's better than the alternative, i guess in terms of microsoft, we've said it a number of times. probably the most important country in the world that's true. it's deserved of that market cap. we haven't waivered on this name for the last couple of years it continues to grind higher you have the growth. by the way, whatever their ceo seems to put his mind to, they're successful at, number one. number two, tim is right about netflix. going back to that one real quick. netflix has been sideways since july in the 475, 575 range and it really hasn't budged much he's right to sort of still waiver from that one the one that interests me, steve grasso had a great call on this one. two quarters ago amazon reported a ridiculously small quarter

steve said to fade it, he's right. tested the all time and it did amazon into earnings a month from now sets up really well and quickly. in terms of google, i think karen will agree with this you slap a 28 multiple on $100 you're going to earn, that's not excessive. you're talking about a $2800 to $3,000. >> i don't like to do mental math you do it for me how about that steve, what do you think when it comes to the regulation that may possibly be coming down the pipeline if you're an investor or trader and you want to look at some of these names, how do you have to factor those in? >> it's the one true sense of consensus that you have equally as many republicans as you do democrats that want to regulate big tech so democrats are in control but i think their mind, i think the politician's mind are on other things.

i think that is symbolic they're not worried and we don't see the ceos marching around on capitol hill right now regulation is probably third or fourth on the agenda. >> we haven't talked about a.m.le, tim. what do you think about apple? that one probably less in regulators' eyes. >> pretty interesting place on the charts they did a good job testing 121, 133, pretty good resistance. you have an argument that this may be that move this may be that move higher the valuation in apple, it's interesting. we talk about amazon i don't think anyone would call it a value play. amazon at 2 times gwv and aws, the sum of the parts, it's growing into expressive.

on apple the story on a forward number 24 to 28 times. deserves a higher multiple that's something we've all digested we've digested a good news around the refresh cycle around 5g how much pull forward has there been about the holiday season? i can't believe it but i bet we'll be talking about it sooner than later microsoft at 2 trillion, look, i agree amazon is the front of the list 20% of the u.s. population is just getting into an ecommerce story if you look at adjusted retail sales there's a long way to go for the leader of the pack and this stock has been doing nothing the chart is telling me i want to own this on the break of 3500. >> even if that part is not all that profitable? >> i think it's -- it's proven to be -- again, if you look at prime and what that means for the prodder peripheral of their business, another 6 billion on top of the 8.6 that they're going to do. the real trade, i'm long

walmart. if i like amazon at 2 times gmv, walmart trades at 1 times. it doesn't have the same growth. they're if anything encroaching on amazon's turf they have the biggest footprint. >> they do they always remind us there is a walmart of 10 miles of the u.s. population. >> guy, we were talking about social media use sablg and whether or not we are as active as we were if you look at facebook that's something you want to play because you're playing the advertising revenue? >> 100%. again, i'm not suggesting you should watch the show because you have a lot of other things to do, but one of the things i've said for seemingly the last couple of years is i hate everything about facebook, i find it to be reprehensible, except the stock again, just on a valuation basis you can make a cogent argument this could be a 380, $400 stock. nothing has happened to dissuade

me when things got bad for them, people didn't flee and advertisers didn't flee. that's all you need to know. >> fair point. zero in on one of the most powerful faang names, we've been talking about it amazon the annual 48 hours prime event is in the final hours. the prime days have helped drive the most online sales in a 24 hour period. for more let's turn to hubert joly also the author of "the heart of business." hubert, it's so nice to talk to you again and have you on the program. let's start with amazon because that is the event of the day it feels funny to talk to you about amazon after it was sort of your biggest competitor for a long time but you proved to turn around best buy and be a formidable competitor. what do you make of the importance of prime day to a company like amazon?

>> good to see you, courtney yes, formidable company and their ability with prime day should be a shopping event that's way beyond amazon now walmart, target, best buy have all offered savings during that time so they've created a newak seller rated shopping day. part of retail is creating demand that's what they're doing. it comes in a very favorable consumer environment. >> so when you are a competitor to amazon and you try to hold a competing promotional event, say a best buy, for instance, how does that end up working out in the end for best buy because you have people more interested in shopping online, there is a halo effect, is it not? >> yeah, it's an opportunity generally speaking if they create wins, you want to take advantage of it.

that's what all of these other retailers are doing and the consumer benefits. i think it's smart on the part of these other retailers to take advantage of it for sure >> mr. joly, it's karen. thank you very much for joining. as i'm sure we all know, the pandemic has been great for the walmarts, targets, best buy and amazon do you think those are permanent share gains that they've gotten or is it -- can anyone compete and take back share? >> well, i think we have a very favorable consumer environment it's extraordinary but it's been affecting different categories differently and different players differently. categories during the pandemic are coming back. if you think about apparel, i think it was the fastest growing category in the government's retail data. travel and hospitality of course is going to come back. so you have shifts that are

taking place now the nesting trend i think is here to continue so i would not -- but everything related to travel and going back to work is going to be helpful. the other thing is i think in retail, courtney, you and i have spoken about this before, there's an increasing differentiation between winners and losers i think what's interesting in terms of what's happening is now not just about the consumer, it's also about the employees. i think it was a report from the government in april you've seen the largest number of people leaving the retail sector as employees because of the low wages and the difficult working conditions and so the successful retailers will be companies that are not only able to provide a secure value proposition to their customers and go to their employees. it's not just about the wages, it's about the environment how do you unleash human magic it's interesting even jeff bezos, our good friend, in a

shareholder letter said yes, we've been focused on building earth's most attractive company from a customer standpoint and now we have to do it from an employee's standpoint. >> yeah. that was a line that was pulled oud of the shareholder level because he's been so consumer focused. you talk about the supply of labor in general the problems that are going on. that affects retailers from a smaller one to a retailer. what does that end up meaning for consumer spending if you can't actually get the products that you want to buy >> yeah. because of the size of the demand shock, now supply constraint now we have 37%. it's the question of product

availability, lead times you also have problems with inflation of the cost of supply. companies at all levels are dealing with you can imagine what the gross would be if there were no supply constraint it's going to work itself out but in the short term it's an issue. >> hubert, i read once that you were -- or i should say best buy was reliant on apple for about 15 to 0% of sales a couple years back what have you learned from sitting in that seat about how big they were. ecommerce and jvs and how they sell within your stores, how do you work through that and not become too reliant on any one partner, so to speak >> yeah. so there's several questions embedded in your question. what has been our governing thought is it's always the

consumer, right? so instead of trying to lead the consumer to buy online or in the stores, we would say so what is the need of the customer and what's the best way to serve them and then we're going to serve them as whatever and however they want to be served the partnerships, whether it's apple, microsoft, samsung, even amazon and google, you know, other than the pandemic, i think there's another disease in the world which is the idea of zero sum games. amazon was a purist. the only way not to die was to kill them. instead we focused on let's become the best version of best buy we can be and i think partnerships are part of business why amazon and apple are competitors of best buy, we partner with them to the satisfaction of customers. it relates to the size of the stores that's going to be very interesting to watch

i know that she's experimenting with the size of stores. the shift to online is so significant. it was 5% of online supply and now it's 40% the store footprint, role of stores, is it fulfillment, exper experiential is it a mix? it takes time. it's an evolution. it's not like online where you can do ab test and you choose five minutes we're going to see significant evolution of the stores. no doubt stores will continue to play critical role grateful filament, part convenience and a lot of work to do. >> cory was talking a lot about labor, retraining labor, having different types of labor in the store to adapt to models

hubert, author of "the heart of business" thank you for being with us this evening. >> so great to see you. let's trade it let's talk, actually, a little best buy why not? karen, you like consumer names what do you think about a best buy? >> well, i missed the run on best buy great tenure there mostly, but -- so for me, i'm in some of the other names we talked about yesterday, the targets target's my biggest retail position amazon is a much smaller one and then walmart there with tim, i like walmart, what they're doing, the valuation isn't so stretched the best of the bunch is target. >> all-time high today. >> what's interesting about back to best buy, they're playing around with an amazon model in terms of what -- prime now 200 million strong worldwide is part of that flywheel and part of what i think prime day is about. >> yes. >> and the stickiness of that. best buy has been experimenting with an annual technology for

technology and trade-ins it gets people into the store and gets into the fulfillment dynamic. i think other folks are trying to determine what's the way they can create their own flywheel? especially when you have obsolescence, that's interesting. >> i had a best buy service experience recently, it was very good normally had to shop for actual products. >> device geek >> i'm not technology scares me there was a coffee spillage situation but best buy helped me recover some pictures of the little guy. >> you can spill coffee with this membership on your laptop >> that's what they told me. that's what they told me. >> steve, that's great for you >> good to know. meanwhile, jerome powell just wrapping up his testimony before the house committee subcommittee on the coronavirus response let's get to ylan mui.

>> reporter: hi, courtney. jay powell repeatedly made the case that inflation is transitory saying the supply chain was caught flat footed by the dramatic spike in demand eventually he expects those pressures to moderate. >> it should not leave much of a mark on the inflation process. >> the other major point of contention was enhanced unemployment benefits. powell said the labor market will pick up once they run out in the fall. tim jordan seized on that as evidence the benefits are holding back the labor market. >> that's not what democrats are saying they're talking about renewing them if so -- if it helps if they run out, if they renew them, won't that hurt? >> these are judgments for people who -- >> no, i'm following your logic f. it runs out --

>> i think we'll see strong job creation in the fall, i really do >> on the fed's emergency lending facility, powell said they work better as backstops rather than direct loans as for what they care about most, rate hikes and asset purchases, powell didn't get any questions and he didn't bring it up courtney >> thank you, ylan there was interesting testimony at the top of the testimony. coming up, a chip rip. wall street going all in on shares of nvidia today we'll break down what's behind the big move plus, as bitcoin breaks down, we'll go to thecharts. tetht s more "fast money" righ afr is can do both. that's why manufacturers are going hybrid with ibm. with watson on a hybrid cloud factories can use ai to automate the little things

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high what do you make of the action today in nvidia trading at 755 >> it's been fantastic if you really look at this stock, another one that went sideways for a period of months and consolidating post earnings, this is where the growth is. >> it's coming off the last earnings release we're there in the space where everybody wants to be. would you like nvidia or would you want to dabble somewhere else >> i mean, you know, i look at

fundamentals. you can get comfortable with the fact that they are two incredibly sexy segments data center is up almost 87%.

and nvidia might be calling it higher the numbers are insane. >> if you look at the stock since they announced the stock split, it's up 30% stock police do nothing fundamentally for the stock. everyone rushes in we saw it with apple and tesla >> 755, a ways to go to 900. perhaps it will get there. >> here's what's coming up next. trouble in the skies why a surge in unruly passengers is causing some turbulence for the airlines and from crypto to ipo we're breaking down the most speculative trades in the market and going off the charts to find out where they're headed next.

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on it orchestration by cdw. welcome back to "fast money. bitcoin dropping below $30,000 for the first time since january. the crypto did stage a mid-day comeback you can see it very clearly in the charts in what direction is it going from here? for more on bitcoin and other speculative trades, we're going to bring in chris brown of strategis. >> when we talked about bitcoin and other spec cue la tich markets, we have to talk about the markets and what are the other macro implications that they're telling us if you look at bitcoin, i

brought along a couple of charts here the first chart, we think this is a pretty good pop bitcoin down 50%, our view has been from here best case dead mo money, worse case lower. that's nearly identical to january or february. with one big difference. back then you were above the 200 day. now you're below the 200 day the technical condition of the chart has deteriorated we think that upper 30, low 40 range will prove to be big resistance moving forward. when you get decliechb to this magnitude going down, you need to see the period that typically follows that that's when i'm not convinced we've seen that. that takes time and it brings us to our second chart looking historically or longer term when bitcoin breaks, it tends to stay broken and it tends to stay

broken for a while i'm showing you here bitcoin for 200 day moving average, two periods. 2014, 2015 you spent 380 trade willing days below the 200 day and you spent 369 below the 200 days when we've seen this great trend it tends to stay broken for a longer period of time. bitcoin more broadly if you go to the next table here, thinking about bitcoin as one of these speculative darlings of the last 6, 7, 8 months if you look at where bitcoin was, up 127% year to date this point next year and down relatively flat. that's true for a lot of other speculative securities we go down the list whether it's spacs, tesla, solar etfs

we've seen the air come out of the speculative trades what i think is notable is bond yields have come down from 175 to 135 that still has not been enough to reignite the flame behind some of these speculative trades that brings us to our last chart, which is tech broadly i'm curious. does the weakness in the bitcoin ultimately start to weigh here i recognize tech in the absolute sense is that new all-time high but it's not there in relative dollars. i find that notable, tech relative to the s&p has not been in the five year it's interesting when you put it in the context of bond yields. bond yields have come down for us looking at the speculative trade, bitcoin is more about just their chart but also more about the macro climate that they operate in >> chris verrone of strategis. thank you. what do you make of these charts

and this analysis? >> well, i'm long bitcoin so i do, you know, watch them pretty closely and some other currencies as well i thought it was interesting i am not a price action junkie and i actually don't mean to take your role, courtney, but i want to ask guy a question >> jump in yeah yeah >> which is, guy, when you look at the price action today, would you say bitcoin had a good day because it broke 30 and then was able to rally back and actually close in the green or did it have a bad day because in fact it broke 30 and we'll see that again? >> yeah. thanks, karen. i would say the latter tim talks about this all the time the trades you're looking for things that create the most pain for the most amount of people. reverse utilitarian thing. if you look at it like a

commodity, stairs up, elevator down carter has talked about this 20% resistance in 2017 past resistance becomes support. just the way it's trading lends me to believe we're going to see that if you're of the belief like a lot of people are that this is a half a million dollar, million dollar thing, a move from 30 to 20 is negligible if you are trading it around the 20 to 60 range, it's significant. i would wait for the pull back to 20 in my opinion. >> tim, guy, are you in? what do you make of it >> momentum lost is something that's going to take time. it's interesting a lot of those trades broke down mid february there are different reasons for it if you look as chris verrone referenced, the qqqs were at all-time highs on the s&p on february 11th. the chart showed the breakdown ultimately whether it's the spac index, whether it's some of the other space names or ev names, i think those were symptoms of a market that just was too frothy

and i think in some sense this is all very healthy. look, bitcoin advocates and really digital advocates, blockchain and all of the dynamics around this are things that, you know, most people think are -- it doesn't matter as guy said, there are a lot of traders that have been caught at the wrong time here putting the most money in at the peak. most of the folks that are hard corbitt coin and digital advocates are -- they're not even thinking about this yes, they're upset about the move in their p&l but i think it's expected after the move on the way up. >> in their eyes, in their pictures, right? >> you've got to have red eyes. >> you learn something new every day. coming up, a surge of unruly passengers in the sky causing major headwinds. we'll tell you how to trade the

turbulence kb home and what the options market expects to see in the housing trade. you don't want to go anywhere because 've wegot a lot of "fast money" after this. there's interest you accrue, and interests you pursue. plans for the long term,

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welcome back to "fast money. for more let's bring in phil lebeau he's at the chicago o'hare airport. that airport phil >> reporter: courtney, new data from the faa shows just how bad the problem is when it comes to unruly passengers. they just announced another proposed $124,000 in fines bringing the total number of proposed fines this year for unruly passengers to 563,000 according to the faa there are reports from the airlines of more than 3100 unruly passengers now the faa doesn't take action on all of those. they investigate them, but they have taken action on many of them 75% of the cases involve passengers refusing to wear their masks or mouthing off or pushing back when it comes to the requirement that you wear a mask on the airplane and in 60 of the cases, at least 60 of the cases there was a physical

assault. this week you're seeing the faa and airlines ramp up pressure to bring more public attention to this issue to the airlines and airline union sending a letter to the attorney general saying these pose a safety and security threat to our passengers and employees. we respectfully request the department of justice submit to the full public prosecution of on board violence. the faa and airlines have asked the faa to refer more of these cases to the doj tomorrow morning you do not want to miss our exclusive interview with steve dickson, administrator for the faa, a former delta pilot he's familiar with what was in the air when you're commanding an aircraft when the passengers get out of line. we'll talk to him about the latest information also the new efforts to draw public attention to this including a tweet they just sent out where they basically mocked the people who are not considering acting appropriately by saying, you wouldn't act like this at your grandmother's house, why would you act like

this on an airplane. you don't want to miss that interview tomorrow morning, courtney lots to discuss with steve d dixon. >> where were you raised where were you raised? >> the airlines were food. >> yeah. >> that was the biggest complaint. you have to fight and wrestle. >> people could spit on you. that's just horrible >> keeps you on that cliff that guy's in your town. anyway >> for airlines, is this changing if anything, i think the expectations we have when we're flying about the experience is not great clearly. >> i know. >> but i think it sets up well for the airlines to be delivering on that and i don't think it has a whole lot to do with airline valuations here but clearly as we get into a resurgence in business travel and some of the things that are really, to me, the multiple

drivers for airlines, that's where i think airlines are going to distinguish themselves. that's where they're going to stand out from each other and i think passengers will let it be. >> guy, what do you make of this you were on the desk when we were talking about the unruly behavior in the past what does that make you think about any of these names with the recovery trade does one stand out more than another? >> yeah. well, i mean, if you are looking for a play there, we mentioned this last night on mission expedia. it's off the all-time high they report a month from now my instincts suggest you'll start seeing upgrades in that name in terms of the unrest and unruly people. put your rear end in the seat and don't come up. this is my okay boomer moment, but i remember in the early '90s i flew home from south africa. 16 hour flight i did not move from my seat. karen can speak with that because she's seen me fly. i get in the seat and i don't move i suggest you all do the same thing. >> i like that yeah

just put your bottom in the seat, put your mask on, mind your manners this is just wild. that video was just insane thank you all for playing this. >> can i just add one thing? >> yeah. please, karen. >> we've traveled together, done a few things guy always checks luggage no matter what. we could be going for one day. >> oh, man. >> guy checks luggage. it's ridiculous. >> you want to be fast boarding the plane or why check the luggage? you're adding potential hiccups to your trip. >> no, i'm not i want to be unencumbered as i make my way through the airport. people bring -- you look at the airport right now and it's like the beverly hillbillihillbillie. it's anarchy at the highest level. i'm trying to make it easy. >> i wear the biggest thing. i'm joey from "friends" wearing all my clothes to save room. i want to be able to bring a bag on the plane

you have to follow a system, guy. i'll teach you. coming up, we have our move of the day on deck one etf making big leaps we have the name next. options traders gearing up for earnings and one home builder standing on strong foundation we're drilling into that when "fast money" returns. miss a moment of "fast"? catch us on the go follow the "fast money" podcast. stable has no penalties or advisory fee. and we can monitor to see that we're on track. like schwab intelligent income. schwab! introducing schwab intelligent income. a simple, modern way to pay yourself from your portfolio. oh, that's cool... i mean, we don't have that. schwab. a modern approach to wealth management.

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welcome back to "fast money. the russell 1,000 growth etf cloud software company splunk surging. virgin galactic hitting the highest level. pileloton jumped ahead. and crowdstrike getting upgraded to buy at steeple. let's do a little traders choice here which of these names do you like, karen? i'm going to start with you. ladies first >> oh, gosh. i don't know they're all super expensive, that's what they all kind of have in common to me. >> okay. >> the peloton plan to me makes sense but not at the valuation

so i don't know. >> all right all right. karen doesn't know. >> i have to pass on the game. >> karen's passing steve? >> so a couple of things when i was looking at these charts when i look at crowd strike, it's up 45% since early may. trulio up and peloton up 45% to karen's point, it's kind of genius, peloton, moving into the corporate side that's probably one thing that could save them because no one wants to be in your apartment, in your house, they want to get out, they want to be back in the gym, they want to get back involved outside of their house. now if they're back at work, now you can sort of monopolize or at least leverage that. i'm going to say peloton, definitely unusual. >> peloton, creator's choice. >> i like splunk it's been a massive pull back. we know what was going on with high multiple softwares. i like this. technically i like the base that it put in. all of those stocks really with the exception of crowd strike which kind of was doing nothing

after a big bounce towards the end of last year is starting to break out again. high multiple, highgrowth stocks that i think in many cases have gone through a very painful process of also weeding out a shareholder base and i think a lot of these companies, you know, let's put it this way. i think a splung over a virgin galactic, there are real folks investing in this. i think something like virgin galactic is a momentum stock going to be coming and going with the waves of emotion around that anyway, i like splunk here. >> virgin galactic up 9% guy, finish us up. do you like any of these >> yeah, i'm with steve. peloton with the earnings growth it created at 80 and it's been off to the races since in my opinion, they've rebranded themselves from the hardware play to this wellness play i think they're going to continue to do so. given the choice between those names and a bunch of other

names, by the way, peloton. >> very interesting. coming up, home builder earnings are on deck and they're betting one stock builds higher and higher we have that for you. >> we have a message from cnbc producer scott stern as we celebrate pride month. >> growing up there weren't many role models. then i realized i was trying to blend in and not stand out the important thing is you have to be true to yourself and not try to blend in and figure out your way to stand out and that's how you're going to gain respect with your co-workers and it's the only way to really be proud of yourself.

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may. kb homes reports earnings after the bell mike khouw has the options setup. what are you seeing here >> reporter: hi there, courtney. looking at kb homes. this thing traded 12 times the average daily call volume. call outpacing play. the options market is implying it will move 4.5% or so after they report earnings that's slightly less than the 5.3% they've averaged. all of that call volume suggests that options traders are betting it will be higher with the july 44 calls trading at $1.70. they're betting the stock is going to be 5.5% higher than july expiration. >> thank you very much mike khouw kb homes tim, how do you want to trade this >> existing home sales were solid but the problem is the affordability is a big issue i think the home builders are subject to some of this. some have better homes than

others i think the way you're playing it is the home improvement home depots and lowe's, i'd like to see them lower. what if sonoma is not an expensive stock and people are nesting even though they're out and about. the value of homes are higher and people are making their homes showcases. >> it's still taking a long time to get anything ordered. >> yeah. >> what are you waiting on >> a couch we've had a couple of false starts we're going to get it. >> good luck. >> thanks. for more "options action", be sure to tune in to the full show at 5:30 p.m. eastern time. coming up next, your final trade. ♪♪ ♪♪ ♪♪

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[music ends] it's time for the final trade. let's go around the horn. karen, who have you got? >> my summer intern, my nephew he is all over amazon. i should have listened to him. >> put him to work guy? >> cutie. >> expedia, courtney. >> steve >> apple i'm going with value and growth. >> when i said cutie i actually meant the little boy tim. >> come on all right. so, look, the financials are

starting to go to base under the 10%. xl off 100 i think you can continue to ride this trend the fundamentals are strong in that space look at that cute little boy. >> so cute we need more of him. "fast money" -- "mad money" with jim cramer starts right now. hey, buddy my mission is simple to make you money. i'm here to level the playing field for all investors. there is always money to be found and i'm going to help you find it. "mad money" starts right now >> i'm jim cramer. welcome to "mad money. my job is not just to entertain you but educate you and teach you, so call me or tweet m me @jimcramer. we've endured the mean