the nasdaq market syceite overlooking new york's times square i'm melissa lee. the big three with us tonight. on "faster track" after-hours action shares of uber and etsy, and roku and gm, how traders play the drop and later leveling the playing field. what s.e.c. chgary gensler said.

start with "the" stock story of the day. robinhood taking investors on a joy ride stock surging as much as 81% before triggering several trading halts early in the session. robinhood closing out the day with a gain of just 50%. now up 85% since thursday. what's driving the wild action shares of robinhood? kick things off with kate rooney with the story. >> reporter: melissa, quite a turnaround for robinhood stock touched $85 earlier. well above where it debuts last week stock ended the day around $70 per share. it was the second most traded name on the nasdaq today only behind amd. halted a few times for volatility today as far as trading volume, surpassed its ipo day with more than $8 billion worth of shares changing hands the stock still seeing pretty thin trading that's tanks to some of those lockup periods where certain investors meaning fewer shares

are available to trade, i'm told that brought a lot more volatility today retail interest is another big factor it is "the" most mentioned stock on reddit. at least were cass today according to data, with more mentions than both gamestop and amc. momentum trading as well a factor likely hedge funds are looking to jump in on the action short interest, though does not appear to be a factor. tends to be expensive to short a stock like robinhood so soon after an ipo thanks to lack of shares out there to borrow. talked to s3 partners earlier saying some short interest but the long side driving robinhood's prices today melissa? >> thank you very much on robinhood, a roller coaster the past couple of days and indulge me in the irony here, but the online platform that enables meme stocks to become a thing. these reddit darlings, has become one itself. so, dan what do you think the

implications are here? >> fabulous. i think right now if you're a robinhood holder, just a few days ago it didn't look particularly promising it's interesting to juxtapose this verse coinbase, public through a direct listing april a bit of a frenzy in that leadup, traded up, creamed afterwards and trading around its direct listing price the last few months. this one, ener tirely different ball of wax. amazing about that, talking one thing when they started with gamestop a single digit billion market cap company that moved on to amc and others, big at $30 billion amc at its height, a $60 billion market cap company moving this way. the thing we'll talk about gunsler later in s.e.c the stuff to be concerned about. comes down to market structure. >> that pfof, you know, paper

order flow, which is part of the life blood of robinhood. it that were to go away, obviously, a monumental risk not just to robinhood but felt most severely at robinhood it is sorpt of a, look at it, face in mirrors, infamous boundback of mirror, you're alouding to the robinhood shareholders, own robinhood and robinhood lends to them to buy more robinhood sort of in a frenzy-up out of curiosity, i checked what it would cost to borrow robinhood. they said not available, if it becomes available right now 39% annualized, which actually i've heard higher, than other stocks and other various times for gamestop or amc. i mean, i can't -- possibly -- think -- about joining something like this. it did, i believe first day of options trading. added into the frenzy. interesting to watch, but way to wild to ride for me.

>> i don't know if it's a convince den, tim, you saw declines in gamestop and amc, down particular on the day robinhood caught some fire >> so a little bit of a zero sum game possibly in terms of the capital that could be allocated. one of the reasons why possibly robinhood is not as attractive fundamentally is because the average account size ises $s 3,500. may be limited funds to go around one-third of the share offered to retail and the discussion is going here, one of the problems in call it the reddit community, gamestop communities is that what is discussed will become reality. last night stuff all over wall street bet about this was going to be a $70 stock today. of course. here it is. it traded three times the volume of apple, et cetera. karen's point about options is important in terms of volatility today and discussed. live by the sword, you die by

the sword. not strong hands not me picking op retail investors. hear me out. by definition strong institutional long-term holders not trading out of position are strong hands often that's what companies seek out at an ipo. not what they sought out here. i get why. but i think at some point that's going to be a major, major problem. there's not an institutional base here, and i think that's -- that's going to cost the company long term. >> yeah. so you guys mentioned options. i think this is from the s1. i think that robinhood makes two times the amount of money they make on an options trade that they do on an equity trade wep know people are not paying commissions now but the options ordered are valuable to options market makers. wide spreads and a host of other things going on there. this has been a big part of robinhood's business model i think i saw 3% of robinhood's assets under custody, okay, are actually driving 40%, 46% of

their revenue. dedicated to options in q2. interesting that today we saw options listed and went berserk, you would expect a lot of options near the money and short dated. that means short-term traders playing for near-term moves, and tim mentioned, high dar stock like this. a lot of one lots and two lots trading. telling you it is retail right now. to tim's point, that's not a great place you want to be will we find ourselves if this goe this-of-berserk, is it on robinhood's restricted list? >> talking about potential ramifications. what if the same thing happened to robinhood stock robinhood stock? that happened to gamestop in terms of impact on the platform? wouldn't that just be, like, the quickest spiral drain down ever? if for some reason they had to restrict access to the stock might have to get capital -- i don't know this thing plays out,

but certainly not a good thing for the stock itself, and would certainly make the pain felt by retail investors, robinhood might be lending to, deeper. >> yeah. there is another, a whole other level of risk. quick on options 79,000 of the 70 traded today is crazy. also talking game viral robinhood and remember in the past, balance sheet was an issue for sure i would look to take advantage of this move as quickly as i could. i don't know how quick think has could happen, how long to get a convert ready like tesla did many times to great success. looking to do that. >> yeah. bring up a great point a lot of criticisms how investment banks priced a lot of these ipos and the giveaway. stock priced at 38, openeds at 70 not out of the realm of possibility the way a lot of hot ipos traded over the last couple years. you would have heard in shortage of silicon valley, vcs, screaming about the giveaway wall street giving away.

this time traded down and got into retail's hands. that's the most interesting thing. you mentioned idea of a convert. talked to a banker not sure they could break the lockup companies that have done direct listings we've seen them not selling stock at direct listing price but gone on and issued con converts convert at higher levelsat a period in time and actually doing it sooerp oh coupon. like free money mow and converts at a higher price. i think this situation actually begs the question of, like, are we doing ipos correctly? i think a lot of different ways we've seen spacs, direct listing and traditional. all going to be around i think all of these situations made cases for the other to continue to do business. >> not talk more about this massive move for robinhood next guest, run of the world's brokerage firms warns that robinhood trading frenzy may turn into a perfect storm. joe moglia, chairman of global fundamental wealth advisers.

great to you have. >> been a lot while. >> good to see you. >> good to see you. >> what's the perfect storm you're talking about >> i think first, you begin with, take a look at the retail community. incredibly organized in it way it's never been before i think better organized and that the afl-cio we don't know exactly what it is but there are institution shorts, we don't know how significant but definitely out there. if they are out there, a issue borrowing shorts, out there. today woods -- yesterday bought the stock. out there. cramer eve's positive with regard to what's going on. got a lot of activity in the options market there are a lot of activity i think in 70 call a lot of activity between 20 and 30 -- between puts that are struck at 20 and 30. you got -- you've got a retail allocation that doesn't normally exist. and interesting lockup you can allow 15% of the stock

could be sold right away so, yeah puts and calls incredatic volatility. i think people got to remember volatility goes both ways, and that's why i think we have to pay attention. that's the perfect storm, in my opinion. >> right, right, right i mean, all fun and games to talk about as much as 80% out. could be much as 80% or more down at this point so, joe, i wonder from your standpoint, if ameritrade stock, amtd once upon time up as much as 80% or down -- what would your take on the whole thing be? any sort of risk to either the company itself or to the system? i mean, we're thinking about stocks going up, but the flip side stocks going down 80%? >> i think that, you really are hitting the nail on the head, melissa. ameritrade had ups and downs the most part incredible run over time, and our holds were

institutional fundamental investors. right now, again, a different world. go back to you got retail organizing the way they're never orked before the last point, incredible volatility go up and down, for your point the concern i have, long-term investors really have pretty good education in the marketplace. a lot of ameritrade, etrade, schwab, always provided that but the day traders don't have that really don't have that what they need is far greater risk management. organize everybody to buy in perfect storm we just talked about. what happens when you buy in, and at 30, buy in at 40, goes to 50, 60 at what point do you start to trade? suppose stocks turn around at what point are you protecting yourself do you understand what's going on significantly involvement with puts and calls leverage up do you know what that means? bought stock at 70, and then

goes to 100. goes back to 50. >> joe, if i may push back i'm sure robinhood and others would say we provide a lot of education for investors on the platform, if investors choose to look at it to give the other side of it the original question, any risk to ameritrade itself, and online brokerage firm itself, publicly traded entity, stock went down much as 80%, could there be risk to the company and the system? >> no. you would have at that move, move in the stock price. frankly, we had an incredibly strong balance sheet and a strong business. besides the balance sheet, we had multiple product multiple sources of revenue. the stock hitting a crater that would have been tough for the people that own the stock but not negative impact on the company. >> joe, it's karen >> hi, karen. >> bought by schwab, about a $30 billion deal, i think.

are they getting wildly different valuations, embedded in etrade and ameritrade and morgan stanley and schwab? how do you view those businesses versus the valuation of robinhood? >> well, again, two reasons why you might want to buy stock. really good fundamental reasons. you got technical reasons. doing it for a trade think about that schwab, td ameritrade, tong-term homicide what's going on right now, day traiting in effect what it is, fundamentally wouldn't buy it. 2020, actual dollars use schwab as an example 3.5 billion, $3.5 billion and robinhood has $7 million market cap at 76, where it goes, for robinhood, it's about 60-something-billion schwab's is $120 billion half 3.5 billion in earnings. 7 billion in earnings. average client asset size per

account at schwab, 200,000 median, median sized at robinhood is $240. schwab, incredible balance sheet. robinhood still working on theirs schwab, incredible multiple ways to gain revenues robinhood still working on theirs in terms of value, your fundamental investing. i'm not suggesting anybody should do that, but short robinhood. that's not the trade what's going on now. it's a technical trade not a fundamental trade. >> joe, great to get your thoughts and always great to see you g. to see you, melissa thanks, everybody. >> joe moglia. tim, interesting trade can't short a stock in this reddit frenzy. >> yeah. look, i think we're doing the right exercise in trying to compare the fundamenta businesses, and because i think a lot of that conversation was also just talking about people trading the stock. on some level i don't even really care.

i think we're trying to assess the value of this business one of the things that's an important point today is sometimes the capital markets opportunities will allow the company to grow to a place, and access to capital will change the future of the company. that's kind of the buy line for so many reddit traders in this democratization, supporting companies they believe should have more access to capital and let them work out their future by -- actually it's been logic you've heard es spouded by vlad tev irv and the leaders here part of the story for robinhood what are they going to do with this client base how are they going to tie them in more long term, grow their balance sheets whether i.r.a., actually lending. there's a very powerful loyal client base that needs to be monetized and right now, no. the valuation makes zero sense and the movement in the stock is a function really of how this ipo is uct canned and who holds

the stock now. we'll see where it goes. i think the opportunity for the company is still extremely large even though i hate the 2 fundamentals relative to where the stock is trading. coming up, on the move after reporting earnings we'll bring you the details. later, a pothole and break down a big move when "fast money" returns. that i should get used to people staring. so i did. it's okay, you can stare. when you're a two-time gold medalist, it comes with the territory. hey, dad! hey, son! no dad, it's a video call. you got to move the phone in front of you like..like it's a mirror, dad. you know?

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welcome back to "fast money. tracking the afterhour shares of uber, roku and etsy. all three on the move. deirdre bosa has details. >> disappointing quarter for both ride sharing companies despite rebounding demand and cutting costs over the pandemic. both struggling to make a sustained profit driver supply shortage still in focus. uber's out for gross bookings current quarter implies flat to little growth. the ceo kicked off the call telling analysts that it is out of drivers but didn't put the number in context saying major cities like new york and san francisco continue to see demand outpace supply wait times, he said, remain

above their comfort levels saying they should be able to pull back on drivers incentives in the current quarter, remember, lyft said yesterday would have to spend more it's unclear whether uber can deliver on this point. lots of analysts questioning management here, but we didn't actually get a clear answer. uber did manage to make money this quarter, melissa, due to equity investments in dd and aurora dd a rough public debut. uber got its stake early so still in the black also this quarter uber sold its ought autonomous and unstainable and ceo on "squawk" tomorrow don't miss that. >> and saying able to pull back on driver incentives in the current quarter indicates, implies driver shortage and wait times those problems will abate within the quarter as well

>> it wouldn't -- they wouldn't go that far, though, because they said that major cities still see -- conflicting information, i agree analysts picked up on the point. nearly all the questions were about this exactly and that driver supply. >> yeah. doesn't add up quite yet deidre, thank you. deirdre bosa what do you think of uber? >> feels like we did this yesterday same time. lyft, same story in a lot of ways truth is, down 35% here. filled in the entire gap from the vaccine announcement back in november knew this were very hard-hit and 24 thought uber, dependent on eats, a good thing losing money the rubber hits the road when you get to the public markets. a rocky couple of years and the team at lyft, they're great managers they'll figure it out. may take a lot longer. we need supply and demand

dynamics in place and talked about it again last night. what happened after both of these companies went public? public market investors hated all of those incentives. hated subsidizing riders now subsidize drivers and riders not going to work for a while. the stock could move lower in near term and no valuation support for them, really, because we're valuing off of adjusted ebitda. >> why is it assumed the whole thing will work out? >> because they proved -- you know why proved the case ride hail is a thing. now managers have to fix the product until we get to autonomous fleets. something that is further out than we all think. again, once we have the pandemic in the rearview mirror we're all be taking uber and lyfts again. >> are you saying that, they'll figure it out does that mean they'll get to an ebitda positive, in a truer sense of what ebitda positive is? or get to this valuation >> i think that people would become comfortable we valuations

and lyft sold to somebody else the data they have, a small company. seeing m & a square users stocked by a $29 million company. ultimate behemoths when regulation is behind us might see more strategic deals i see 0 both as a great partner for the big tech platforms. >> what do you think inflation is killing these guys, and things we talk about services inflation, really labor costs. even though they've had some victories on that front, in california part of the major issue here i think the -- the drop in d.c. manned, surge in demand and chunkiness of the business and it is. it's still impossible to see where we are yeah, getting numbers versus july 2019, and they're actually back to where they were in latin america. they're at 78% in the u.s.

they're mixed in asia. great. yes, demand in london, paris and new york is up 30% from fantast don't know what people are willing to pay prices have to come down transportation as a service won't work with these guys bigger part here is they can't find competent people to do the job for the right cost that's an issue i think a lot of other businesses are dealing with and theirs is particularly acute. >> turn to roku. the company just keting under wa julia boorstin living in. >> 7.5% lower despite beating expectations on top and bottom line with record revenue growth and stronger third quarter guidance than analysts anticipated. what's weighing on the stock right now, you see it down over 7.5% low than expected active accounts growing to 55.1

million. added about 1 moin 5.5 million than the 2 million growth expected also a $1 billion hour decline in streaming hours in the quarter falling to 17.4 billion. that number also falling short of analysts projections. the company warning player gross margins turned negative in the quarter on tight components, supply costs and shipping constraints. warning also that that will continue into 2022. rokus ceo anthony wood weighing in on all the trends this afternoon. >> people are watching less tv than a year ago. even a quarter ago, because they're going out more things are opening up. if you look at where they're spending time watching tv, spending time streaming versus traditional tv even the roku hours, up 19%. look at the streaming platforms overall, total hours for all streaming platforms down about 2% we were up 19%.

>> wood warning varying rates of recovery from the pandemic across the world present an uncertain operating environment. that uncertainty is leonnig towards a lot of these different media players. >> yep julia boorstin, thank you. and we had the same conversation with a lot of these names whether a video game company or another streaming company. how can it be as good as it was during the pandemic and where are we in terms of valuation >> it can't, but i do this also roku and we can say also what we say about a lot of these companies now in earnings, too right? roku up 15% despite a pull back into numbers today, up still 51% over the course of 60-odd trading sessions a lot of good data on roku coming out from some of the print comments our the networks and connected tv eessentially bookings doubled. 42% from advertisers story for what they do is very,

very high. and i still think that that's something that is, you know, where the price will ultimately settle out in the stock. i'm not surprised to see the numbers and guide posts getting weake weaker still in a sweet spot. i don't chase the stock but the story is very much alike. >> say this. back in february the stock copped out near 490. 45% ebitda decline and made it almost the way back. and trading about 20 times sales. maybe do $2.8 billion in seam. this time $55 billion market cap. i don't understand it. i don't understand how this company given the behemoths they are competing with and reliance on ads for a lot of the streaming. to me it doesn't make sense. i've said that a long time and actually been wrong on it. the important to understand in this market you could be really wrong as i have but it still doesn't make sense in a name like this. could it bow back to the levels it bottomed out a few months ago and have a 40% decline i think so

i i don't strategically where it fits in the newfound streaming landscape we'll have postpandemiced he just said, wood just said people are watching less streaming right now. just wait. so many movies coming out and so much tv, a big backlog maybe helps. i think dealing with decelerating revenue growth. sky high multiples 55% last year, and this year, moving into mid-30s. could go lower if more of a disappoint so not for me. >> coming up, etsy results meantime, what's coming up next. >> announcer: is there something dark lurking in the markets? a former high frequency trader joins us next to weigh in. plus, shares of gm hitting a road block, and driving lower. the traders are kicking the tire on this trade. we've got that, and a lot more enfa meyrerns.

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we are taking a real close look at market structure, and i recently started, you know, ep gauging on twitter and twitter followers writing about dark polls. we are looking closely at this market structure that so many of our orders retail public orders are not going to the lit market but going to internalizers, going to whole salers who are taking the retail public's trade rather than sending them to the stock exchanges. >> s.e.c. chair gary gensler speaking exclusively to cnbc about the retail investor. our next guest says s.e.c. needs to do much more to level the playing field. bring in citadel trader and of

urban ai great to you have with us. >> thanks for having me on appreciate it. >> nice gensler is engaging with the twitter community, but i know looking at the twitter communities's comments about what he said today a lot of skepticism whether or not the s.e.c. can or will in fact do anything from your perspective, what do you think is the number one thing the s.e.c. should be focused and when it comes to this particular matter of rowdy order flow to wholesalers as opposed to lit exchanges >> i appreciate the skepticism i've been in this conversation almost ten years now and i've heard about holistic reviews of market structure and the need to study, and i feel like it's, you know, something we hear a lot of and see little action. i think the most important thing we should be focusing on for a market structure perspective is the fact almost half of all trading is happening off exchange, and in retail heavy names seeing more than 70% of

volume executed and these it internalizer or wholesale systems and it's damaging the markets, widens spreads and significant information for the twoer firms who have a duopoly in the market. look at better disclosures and looking at rules similar to other countries. this isn't a controversial thing. canada, europe, the uk, australia all have very strong rooms that prevent the internalization and ex-kupgs of small orders reserving that functionality for institutional orders >> david, it's karen thanks for being on. so i understand clearly. when you talk about disclosure you're saying make the dark pools transparent and that should help solve the problem? >> i would like to see more transparency we've done a good job there. when i think better disclosures, short positions, derivatives,

that type thing. issues of failure to shorting make it delivering that area, a major area of concern and then in temples off exchange trading, we should require material price improvement, i think, for small orders for off exchange trading and in saying that i'm only echo what's citadel said in a comment letter in 2004 maked identical arguments i'm making here. >> so with payment for order flow effectively, but the notion that retail orders, retail trades are routed to internalizers and wholesalers in stead of lit markets they are getting better pricing truth to this? >> better pricing relative to a wider spread this is so important to understand the way we route orders for retail, means that those order doss not go to lit markets by taking those orders away from lit markets, you widen the spreads.

because everyone wants to trade against those orders they're profitable for marketmakers all i'm arguing is that we should have open competition for order flow that should not be a controversial thing in -- in, you know, capitalist markets get that, those orders on switch exchanges, let all markets compete for them you would tighten spreads and still get price improvement and size improvement for those retail orders. i'm convinced net-net, see far better execution of quality even from retail let alone for institutional asset managers to benefit from the tighter spreads by 25% or more. >> basically you're saying that right now the system is such that you might get a better price, but that like saying you're getting something at a 20% discount after it's already marked up 40% or something like that right? >> exactly. >> basically, looks better but it's really not because that president is so wide. >> right if you look at other markets around the world, they actually

have lower execution costs than the u.s. if you compensate for the, back in the u.s. market, much bigger, control for company size i've seen reports that show that execution costs in markets with less exchange trading are lower. that's what we should aspire to in the u.s. >> thanks for joining us. >> thanks for having us. tim seymour. some made the argument things have never been better forr the retail investors's do you still stick by 23that. >> duopoly exists, not sure how we got there, make that argument that this is affecting all market participants and there is at least an institutional bias in that, yes, some larger ord herborders could get routed here.

ability to see who's who higher costs, look, impossible to measure where they would be if the market didn't exist with dark pools with just two players. clearly i still think the retail investors in terms of access to information, ability to trade for free and the bid ask is not at a massive disadvantage to institutions in fact, the gappal never been narrower it's a market dynamic and affects both that's daval point. coming up, gm shares driving lower missing expectations is the pullback a good opportunity to get in? dive into that trade ahead. later, soaring to an all-time high. what we spotted in the options market that could brkdeaown it coming stick around, "fast money"'s back in two.

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welcome back to "fast money. shares of gm going in reverse on the back of earnings phil lebeau has details. >> march, 2020, the last time we saw a drop this big in a single day percentagewise for general mortars. stock down almost 9% it's all about expectexpectatio.

the street's versus what general motors told everybody. kamg came out today expecting to do better. 540 to 640 street staying what? thought much better, you're being conservative one reason stock was lower today. the other story what happening with ev development. a driver for the gm shares over last six months. today announced two commercial evs part of the 30 rolling out by 2025. talk about the volt and battery cell defects that caused fires, and have prompted this recall, is that going to scare people away from evs? here's gm ceo mary barra this morning who says, "no way. >> we work every day to make sure that what we're doing is validated and tested when we find an issue, this happens to be two rare manufacturing issues happening

in the same cell we're going to address it >> by the way that recall impacts about 61,000 chevy volts. until they're fixed general motors telling people, park it outside and do not leave it unattended when being charged. with regard to covid, melissa, we asked mary barra today, are you going to mandate that all gm employees, not just those in your factories, all gm employees regardless where they're working be vaccinated? she said they are always evaluating the situation it assessing whether or not that might be an option no news to report at this time like so many other companies, melissa, looking at that question. >> yeah. did they say, phil, about the recall of the volt bolt, could cost as much as $11,000 per vehicle on average >> depends ultimately on the final fix. i heard that number thrown around what is total cost on this is $800 million do the math in terms of 60,000

vehicles, that's how much they've pud aside for this they still need to finalize all the details surrounding that recall. >> all right phil, thanks phil lebeau. >> you bet. >> karen, what did you mike of t the -- make of the trading action today jnchtd frustrating. phil hit it on the head. expectations excited about the numbers, expectations higher, clearly wasn't good enough i think they made it worse during the conference call analysts very frustrated trying to understand how they got to this new guidance when not that long ago sort of telling a different picture and analysts kept saying, did you include the bolt, you know, included or not? sa saying no, talked commodity prices higher sandbagging there, i think i don't think the chip supply issue, which has been for many auto companies, for many companies more broadly, that didn't seem to be solved

and i think they wanted to be conservative also with the delta -- they don't know and i think they -- they did have some good news in there they had, were able to sell higher-end more trim and more decked out cars. that's a nice margin one other quirky little thing a negative was gm finance. so as the price of used cars has gone so high normally whun's lease is up, get the car back and gm, where they got it back and used cars. because it's moved so much cars end of the lease people keeping them and captures that used carbon fit sort of running out. that was sort of another little bit of a negative. put it all in, not expectative analysts frustrated. many on the street have much higher price targets i'm long, wanted to buy more but got to wait and see how it shakes out it was disappointing. >> seemed a lot of asterisks, if you will, tim, to the raised

guidance in terms of the r resolution of chip shortage, et ce cetera things we're not sure of and yet here it is, the guidance. >> makes you feel -- wish they hadn't had the june pre-announcement that's the whole story, in my view and warranty costs take out these warranty costs the full year guide is right where consensus was. i've been bullish on gm. naturally very disappointed by this but i'm not -- this hasn't changed the fundamental story at all. the fact of the matter is we're talking about -- actually i thought the gmac stuff was a tailwind and dynamics of the company have gotten so much better ultimately get back to the guide, obviously materially raised even though it was well below -- street somewhere around 690, now came in at 590 said 540 to 640.

look, not only can you drive an ev truck through that. do the math where it make this company in terms of their multiple i hate the pullback but an opportunity to buy the company nothing they told you about their core business and even outlook, and they've been conservative let's be clear i'd rather have them be conservative this was about warranty costs and about where they guided and where the street got ahead of themselves. >> all right. coming up, etsy shares plunging in after-hours. dive into that trade next and later shared of amd soaring to a new high options trader saying the party could be over. we have the details when "fast money" returns. >> announcer: miss any of us fop the "fast money" podcast. while he's tapping into his passion, the u.s. bank mobile app can help you tap your way to your savings goals.

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ugh, these balls are moist. or is that the damp weight of self-awareness you now hold in your hand? yeah-h-h. (laugh) keep your downstairs dry with gold bond body powder. welcome become earnings alert on etsy shares cenking in after hours and weak revenue guidance on "mad money" tomorrow night. what's trading now, karen? >> for a while too expensive when you're trading at such a rich pe multiple and benefitted

from the pandemic. mean wear coming out of it a small beat isn't good enough certainly a guide-ish in line-ish for third quarter definitely isn't good enough and not giving full-year guidance. also not so delidelightful nothing wrong with the business, except the stock wasn't there. i don't love it. room to go to the down side. we see is many times expectations so high can't meet them if it doesn't beat it's not good enough. >> coming up, breaking down today's monster move in shares of amd stock soaring to a fresh all-time high. why some options traders betting the stocks are in. we break down the action when "fast money" returns

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wireless on the fastest, most reliable network. wow! big deal! we get unlimited for just $30 bucks. i get that too and mine has 5g included. impressive. impressive is saving four hundred bucks a year. four bucks? that's tough to beat. relax people, my wireless is crushing it. okay, that's because you all have xfinity mobile. it's wireless so good, it keeps one upping itself. welcome back to "fast money. check out amd jumping to a new all-time high. the possibility nvidia's take over the arm may be blocked by british regulators not all investors are bullish. one trigger doing the opposite joining us to break down the action tony >> hey, melissa. like you said. amd's on a tear. seen six back-to-back sessions

where the stock is up more than 3% to 5% each session, and the stock closed 38% above the 200-day moving average today we tend to see the people reversion trades pop up whenever the stock exceeds about 30% to 35% above its long-term moving average. the stock traded actively. 2.6 million contracts traded more than seven times the average daily volume and one particular trade was quite interesting. 10,000 contracts of the october 115, 90 put spread traded for about $7.50. this particular trader laid out 7.5 million dollars to bet that amd will return back towards the 200-day moving average, which is just a bit below the $90 short strike that they sold on this put vertical >> karen, your take on this action >> looked to me like an arc spread blowing out obviously, amd an incredible tear just the way that xilinx was trading as well.

at some point, xilinx won't be far off where it was given the run the semis have had maybe the risk is getting -- not in. >> a lot of these it m & a deals especially semis getting scrutiny from china. maybe risk to that i wouldn't say that you have to run buy xilinx because of the crossbar pounding the table, $75 on this thing? here gotten to like some sort of silly zone here. >> and it's not about valuation. certainly about momentum and whether the right position and right technology you're fading this move and protecting it as this option trader it. >> tony, thank you. for more tune into the full show, 5:30 p.m. eastern on

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that building you're trying to buy,

- you should ten-x it. - ten-x it? ten-x is the world's largest online commercial real estate exchange. you see it. you want it. you ten-x it. it's that fast. if i could, i'd ten-x everything. like... uh... these salads. or these sandwiches... ten-x does the same thing, but with buildings. sweet. oh no, he wasn't... oh, actually... that looks pretty good. see it. want it. ten-x it. yum! time for "the final trade. tim? tim? >> how many time here? >> now.

karen? >> okay. take it away. >> okay. i like three-day rule, down a lot, gm. can't wait look to buy it tomorrow. >> and dan. >> picture a three-day roll play for a gap roll. >> tim tweet it thanks for watching "fast. "mad money" starts right now 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 other people want to make friends. i'm just trying to make you some money. my job isn't just to entertain but to educate and teach you so call me at 1-800-743-cnbc. or tweet me @jimcramer. sometimes it's mind-numbing. almost impossible to get a clear re o