live from the nasdaq overlooking times square, this is "fast money." we are all over shares of coinbase after they reported earnings a conference call kicking off in 30 minutes we are bringing you the headlines. a big box breakout walmart has been lagging costco for months that's about to change a moderna meltdown shares that nearly doubled in

the last month, but one analyst says it's ridiculous you won't believe where he says prices should be going we start off with material gains. the dow industrials jumping to a new report after the senate passed an infrastructure bill. the s&p eeking out a high. check out the moves. cleveland cliffs at levels not seen since 2014. u.s. steel up more than 4% what do you make of the moves? >> first thing, tim has been on this for a while and i will say a lot of things he is thinking or might say u.s. steel, $28 stock, $29 stock, you can make an argument that things have never been better for the steel industry. it's running better. breaks out above $30 i don't think it's getting back to the march 2018 levels of $45 any time soon. this should be a $35 strzok.

you mentioned cleveland cliffs freeport mcmoran lacking a bit there are names we don't talk about. i gotta tell you something they look like they will take back the all-time highs and ratchet higher this resource trade, although stalled seemingly over the last couple months, i don't think it's in its infancy. there's a lot of room left to go. >> is this, tim, do you think because infrastructure passed? >> look, guy does make a lot of good arguments the argument -- i actually think that the debate of whether -- does u.s. steel get through the levels of 2018 i don't know i can tell you the environment is better for them the balance sheet is less levered. less sensitivity steel prices are double what they were at that time i think the overall -- the infrastructure bill as a fresh

catalyst to point to -- yields have been ticking up higher. u.s. steel is up 40% off the lows from when yields hit those lows i do think that this infrastructure trade is obviously important for those that are the one brain cell trades copper is probably one and a half energy grid related demand dynamics and what's been there from home building and the housing market, i think is very strong the other dynamic here is just the tech side of infrastructure. the fact that there are 70 billion going to broadband and tower service. even companies like t-mobile benefit. there's vouchers for people to get cellular and 5g. i think -- this is stuff that some of it is priced in. some of it -- this was a major political win for washington today, because both sides -- a

lot of pork to throw on the table or to fight and they got something done. >> he said one brain cell trade, is that why you looked at me >> i looked at you three minutes ago. >> fair enough he mentions that because the question about whether it was a sell -- we have infrastructure week, after four years it's happening these stocks and a lot of those resource names, they sniffed it up they have been volatile. it's up nearly 40% in two months is u.s. steel. it was down 30% from its may high there's been a lot of volatility in the space people have been anticipating all different sizes of infrastructure deals i think the most important thing that happened today is that the u.s. ten year treasury yield closed near 1.35%. did you see bank stocks? when the yield was 1.13 last week making new lows, bank stocks held in there we have been talking about it. that's interesting you also mentioned the s&p 500

eeked out a new all-time high, which is crazy when you think about it tech did not have a great day today. we are continuing to see these rotations here the large cap levitate that makes me a little nervous with the s&p 500 up 18%, the nasdaq up 15%. something has to give. this is not going to go in a straight line into year end. >> you think this is more than just infrastructure passing, this is more of an economy is getting better sort of rotation, at least for today >> could be. listen the idea that we have linear global recovery doesn't seem likely given what delta is doing. that's why we stay here. that's why we havethese rotations. at the end of the day, listen, i said it last night, i think we will have a september that's not too different than what we had last september we can't continue to levitate like this with all the volatility under the hood. >> i felt like today was things are getting better more broadly than just infrastructure

i'm not sure it was the news we have been talking about infrastructure for so long tim touched on it. housing-related stuff strong retail strong today. i don't know if an infrastructure bill is actually difficult for housing and that they will compete for some of the same raw materials, right? and also jobs. i don't know if that's great it seems like the market was anticipating infrastructure is great, we will have more spending and hopefully delta ends up abating somewhat strong across the board. i don't exactly know why the infrastructure part, okay, i kind of get. the rest, i'm not really sure why today. >> yield is moving higher. that's stabilization yields too low, not good yields too high, not good. maybe this is goldilocks >> don't say it. >> i just said it. it's too late.

goldilocks >> it's like that scene in "fast times at ridgemont high" and i woke up in a good mood and you take me back maybe yields are goldilocks. i will say this. one of the fed's mandate is stable prices. it's going from 113 to 135 today is anything but stable by the way, if we had that volatility in the equity market, that's what we would lead with without question we would spend $45 minute talking about it something is amiss in the bond market i will say it again. dan will roll his eyes at me there's no way on god's green earth u.s. ten-year-old should move 22 basis points in the course of four trading days. >> maybe that's the new normal i hate that phrase, too. along with goldilocks, new normal the volatility in the bond market seems to be normalized at this point, tim. we were talking at 174 not too

long ago and that's nuts >> let me really bum guy out a day before hump day and three months before turkey day maybe it's green chutes. today was a day where -- we hate talking politics on the show, thankfully, for our audience politics around, this could have been a $2.3 trillion bill that we weren't know how we pay for it, that was going to result in a tax on corporate america which certainly was talked about early on by this administration. i think this is a victory. this is a deal that corporate america is not paying for. we are not seeing tax hikes. we are seeing washington work together i'm not getting carried away on that i think the fact is, 25 basis point move off of an overbought -- treasuries and yields sold 111 or so, i just think that was a place the technical folks like charter and mr. verrone told us we had to

get there anyway the ten-year bond is held hostage to the dynamics around the fed and where we are with w how people expect the tapering to move. i'm not as concerned about it as guy. this is supposed to be the deepest bond market in the world. it has volatility. these moves are telling you that people are all over the place as they look at growth. i think growth is better than people think. >> guy, may i ask you -- i don't know why i'm asking permission, because i will ask if you want to ask, fine if you don't, i'm out of luck. why is it troubling to you the bond moves that we are seeing? >> obviously, i'm older than most people realize. when i was in my early days of my career, we would kill for a couple basis point move in a currency or a bond yield thousand we see ten basis points moves regularly. it doesn't make any sense. why does it concern me because bond volatility in my opinion led to what we saw in

the fall of 2019, you saw equity volatility that spring you will say correctly that was on the back of covid the seeds were sewn before we are seeing that bond volatility again that's concern ing. it's not taking into consideration what's going on in the bond market. i don't think yields should move that way maybe i'm wrong. maybe it's the new normal. i hate saying things like that i don't think it's anything but normal in my opinion >> is it a precursor to volatility in the stock market >> i mean, maybe 22 basis points is a lot on a very low base. in the olden days, which guy i'm sure you will remember, 22 basis points was not that big of a day on a different denominator i think it's a barometer for sentiment which changes so quickly now. it's the quickest way to express that it is 113. that was low that seems like ages ago

it was only last week -- was that really just last week that's a big move. bank stocks react violently both ways i don't know if that troubles me i think the fed is trying to do a good job of getting the market ready. the market is a little on a trigger finger over this taper when is it going to begin? is it just bond purchases? when will that start how much will it be? it's a nervous market. >> we were talking about this. barkleys said they will announce the taper in september they will do their first move in december of this year, which is very early in terms of the time line and a consensus of view morgan stanley moved up their time line. if they stopped buying, let's say, mbs or corporate bonds, would that really spook the market i guess it would. >> not really. the corporate bonds wasn't a big component. they think the housing market is fine we don't need that i think it's important to go

back and remember after the financial crisis, we talked about this when they started to taper in december 2013, they didn't come off a zerp until the end of 2015. they took a long time. there's a lot of investors who would be happy to see them moving towards normalization i'm not so sure we will have such a negative reaction to that i think if anything it might give them confidence we will come out the other side. the most important thing is when think about risk assets and think where we are, think about global central banks, how much they put into this to get us right here that's the thing that i have a problem with i'm not worried about the ten year treasury yield. the stock market keeps raging. most risk assets you can't -- everything that's not bolted down has been going higher the question really is about valuation and about potential bubbles and what happens that's where guy is going with this i don't think the volatility in the liquid treasury market is of

concern. it comes down to valuation and how long this can withstand how much further we can inflate. >> coming up, a big box battle that could be about to change. the chart master is breaking it down. we are all over coinbase earnings we will bring you the details.

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to achieve - to change the game and inspire the team of tomorrow. welcome back to "fast money. there's a battle between big box retailers. walmart and costco shares have been wild for months >> i put out a note talking about a trade, making the case that if you are long both, reduce some of your costco and add to walmart if you are a long/short player, short costco and buy walmart let's figure it out together the first is a two-year comparative chart. you can see the parallel lines and the divergence we are talking about walmart being up 65% versus -- excuse me, costco versus walmart up

half that. look at the next chart this is a three year they were tracking closely and then they have diverged since the pandemic low that's the low is this sustainable? you are talking about a spread of almost 40%. the thinking here is that walmart has not had earnings and it's likely to we think break out and costco, third and final chart, look at the channel in which costco has been ascending. that's the definition of a 45-year angle. god like costco is up against the upper band of the channel. the thought is, you reduce one and shore up the other anyone can say costco is the better business. it is. it trades at twice the multiple. the point is, tactically, this is -- there's no way around this the spread is too wide and wall

me wall -- walmart is the better chart. >> what in the walmart chart looks good to you? >> a couple things it has been a major laggard to the market it's starting to exhibit relative performance to its peer group, to the consumer staples sector it's nice when things work out on one day you are talking about a performance up 218 points s vers 58 for costco. it breaks out. 170 is what we think >> carter, let me ask you something. have you looked at walmart versus any of the others like, for example, target? >> yeah. >> good. >> i'm looking at all of them. if you stare at charts for 14 hours a day, it's absurd, but it is what i do

i'm looking for relationships, opportunities. target has blown away walmart, of course. maybe that's the better comp target seems extended here, too. let me say one thing since we're talking about -- do you know there are 36 analysts covering the stock? collectively, 12-month price target is below where the stock is trading now how could all 36 people collectively believe that in 12 months the stock will be lower than it is now unless they have something wrong or maybe the stock is expensive i think walmart is the better bet. >> love carter thank you. guy, you with carter on this >> listen, carter told you back in early spring that caterpillar was oversold he told you bitcoin was getting ready for a huge sell-off. he was the person that said that yields were going to go lower

when ten years were trading ar around 1.4 if he tells me walmart is the next stock to go higher, i will be with him. i happen to agree. costco is up 42% since march something has to give. by the way, throw another retailer in there, dollar general reports on the 26th of august they just announced they will hire 40,000 people by labor day. that's a stock that continues to rally. >> tim >> look, he is talking about it from a bias of the market overall. guy is talking about it as a trader walmart has been the short side of a lot of trades over the last 18 months where funding for hedge funds. the long bias takes over the breakout of the stock up through 148ish, let's get to 152 level, where we were when we were pricing in. the valuation is not demanding

i think inflation helps walmart. these are all factors that i feel very comfortable owning walmart. it has underperformed for too long. >> at this point, karen, you own target and walmart which do you like better >> i guess my book would say target, because i own morte ta target the mix that's happening is we get less groceries, more ap apparel, that's better for target the run in target has been higher the target valuation is cheaper, 21 times versus 24 for walmart i'm going to stay with both. i like them both i don't do pairs trade i agree with carter. >> we are just getting started here is what's coming up next. >> coinbase earnings on deck we have a bitcoin story. what could have moderna on pause? we have that and a lot more when "fast money" returns

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welcome back to "fast money. we have an earnings alert on coinbase shares moving lower. a conference call set to kick off in a few moments >> a strong beat on the top and bottom line but forecasting a trading slowdown in the current quarter. revenue topping $2 billion in the quarter with a more than 1,000% gain year over year on guidance coinbase says the business is inherently unpredictable trading volume will be lower in the third quarter when compared to q2. it's tightly correlated with

crypto volatility was the case for the most recent quarter. as the company put it, the crypto market heavily influenced q2 financial results the key thing was some of the retail transaction revenues, aka, fees. $1.8 billion, an increase of 26% compared to q1 institutional transactional revenue was smaller, about $102 million for the quarter. trading volume was up 38%. monthly transaction users grew 44% in the quarter big gain there one interesting dynamic, bitcoin appears to be losing some of its dominant on coinbase it makes up less than half of total assets on the coinbase platform that was versus 62% earlier this year in the first quarter. for the first time, ethereum was

higher than bitcoin. it is the underlying block chain there. we will hear from the ceo brian armstrong. do not miss the cfo alesia haas tomorrow morning on "squawk bo box. the business is inherently unpredictable, so it makes it hard to forecast for some of the an lifrlts. >> seems like a problem there. >> that's good and that's bad. >> here is the interesting irony about this whole situation the centralized platform, that's a great on ramp to trade decentralized crypto assets is seeing competition from ethereum

which is gaining market share because of decentralized finance. we know they are doing a lot of volume we are talking about that when this company went public through a direct listing it's going to be very hard to predict, especially if we see some of the other protocols take off. coinbase is hard to justify a $56 billion market cap that it has right now. here is the other thing, we know this, this is a big part, is that the fee compression is going to happen. you see all this volume go off to decentralized exchanges, so that's the other thing. >> you say basically that this centralized platform of coinbase is providing an on ramp to finance the decentralized mr platform which would eventually -- >> you did a documentary on this you know your stuff. >> that's why i know

>> karen, what do you think of the business >> i think it's interesting in that they do have market share they are sort of the place to go i think that clearly to me cryptocurrency has legs for a while. sometimes they might enjoy that bigger margin for longer than we think. i'm constructive on it as well i think, how could they know what this business is going to do they should say that i would be concerned if they thought they had great clarity into what would happen in the next quarter i don't own it it's very, very expensive. i do own cryptocurrency. like robin hood, as long as those stocks are still a think, that's good for robin hood >> there's an overlap between the people investing in the

stocks and the kcrypto >> i want to get to dan's provocative statement, and that is that a centralized platform is an on ramp to a defi world. financing that world which could disintermediate the centralized platform what do you think of that? >> i think it's too hard to predict exactly how this will play out it's clear there will be decentralized financial applications in the future and centralized applications it will be a co-existence. i don't think most of the large financial institutions on wall street are ready to go into any decentralized applications they are worried about custody or security, potential hacks i do think that we are going to see both of those worlds thrive in the future. i believe what we are watching is coinbase can't predict the future because nobody can

predict how the world is going to price these assets. if the world continues to price these higher, coinbase will do well if the world decides to reverse the trend and abandon the assets, then coinbase won't do well most people in the industry believe ten years out from now the industry will be much, much bigger and the market caps of the individual assets will be bigger and that will serve as a great tailwind. >> do you own any coinbase >> i do. through one of our funds we were an investor in the private market and hold a majority of it >> for the viewers out there who let's say they don't hold either and they have, i don't know, let's say $100,000 to put some place, where would that be would it be in shares of coinbase or in bitcoin or ethereum >> i think it is what you are trying to optimize for it's hard to give one size fits all advice. >> we are trying to optimize returns. >> here is what i mean

when you are trying to optimize for returns, it's like asking should you invest in gold or the gold miners? one has catch flow and one is the underlying performance what we know is in the earliest stages of the private market the equity of companies in the space have outperformed the actual liquid asset we don't have as much historical data on the publically traded companies. is it more likely bitcoin doubles in base or coinbase doubles in price my guess is that bitcoin is more likely to double in price. that's just a large number coinbase is a $56 billion business for it to get to $200 billion is going to be pretty hard. for bitcoin to go to 100 or $200,000 i think is an easier path and more likely to happen this year. shortened time frame than coinbase doing that through the end of the year as well. >> it's tim. we are talking about the decline in the retail fee rate how do you see coinbasin

creasicrease i -- coinbase increasing their base >> i think every business that is in any sort of transactional product offering, they are all going to have this happen. there's something like 400 crypto exchanges around the world. competition will drive down some of the fees. with that said, they will keep pushing out into other products. you see that whether it's coinbase they all keep pushing into newer products we are still at the beginning of this industry. every single financial asset and service or product you have there, that's going to get rebuilt in this digital financial economy. these are the companies, these market leaders are the companies that will do that. it takes time. it takes engineering effort to do

that's what we are watching is coinbase isn't that old. it was started in 2013 or 2014 it's less than ten years old we are talking about a 50 plus billion dollar business. give it time to push out into the other products they will and that will lead to more revenue generation. >> would you any bitcoin to buy a movie ticket or popcorn? >> i talked about this earlier i don't know if the ceo of amc is watching. accept bitcoin that's a good idea i will not buy movie tickets with bitcoin i think amc should take some of the money on the balance sheet they have over a billion and a half they should buy bitcoin. that will be the conviction bet. appeal to your shareholder base, explain to people you understand where the swworld is moving. i think that will get the impact they are looking for that's the really high conviction bet they have the cash to do it. >> you think it's symbolic it's not really about people

using bitcoin to buy a movie ticket >> if i told you you had an asset that continued to appreciate at 150 to 200% compound annual growth over a decade and it wasn't going to slow down too much from that over the next couple of years, would you use it to buy movie tickets? probably not i think they understand that i think they understand who their shareholder base is. why not enjoy some of the up side or potential up side along with your shareholder base put it on your balance sheet tell everyone you did it i think that will end up being a good move for them >> thanks so much. good to see you. >> thanks, guys. >> that was my first thought this morning or last night when i heard the news about amc taking bitcoin is that it would go on the balance sheet. >> okay. if you are the lender to amc -- i think they have a term limit they have debt if you are the lender, you have to be going berserk. >> anything remotely close to --

>> maybe they never put that in because it never entered their mind, the lender >> you mean as a -- >> as a covenant, can't buy bitcoin. maybe they didn't foresee that they will now. >> tim, where do you stand on coinbase >> again, i love the audience. i love the first mover advantage. i'm less concerned about the decline in the retail take i think there will be a growing addressable market there will be product. i think heavy correlation right now to mean stocks and robin hood and coinbase chart that it's reasonably high for the next year or so. i think the long-term -- this is not myspace. they will evolve think about how far ahead they were on technology and on the space to begin with. i don't think they are going dumb over there. i think they will be there >> what's your take on the chart

of amc, guy, given it was up 10% premarket and finished down six? >> doesn't trade particularly well now i'm going to get the hate tweets coming at me. >> sorry to set you up for that. gotta ask the question >> look, it's fine it's fair. amc -- i saw the interview balance sheet, they are in a great position the bottom line is, they are in a failing business you can't get around that now. if they make acquisitions or if they put bitcoin on their balance sheet, regardless of covenant out there, we are having a different conversation about the stock. the business is clearly -- doesn't warrant wherever the stock is trading say this quick about coinbase, where are you sitting? you are at the nasdaq. i know that. >> times square. >> riddle me this. maybe coinbase is a $70 billion company. then nasdaq has to be worth a lot more than a $30 billion that it's traded at i think things have gotten out of whack here.

if coinbase is viable at $70 billion, then names like nasdaq should be worth a lot more, in my opinion >> coming up, another earnings alert coming your way. shares of ww sinking we are digging into moderna's record highs one analyst sees another drop ahead. weil wl dive into that when "mast "fast money" returns this is the card built for... ...real life. (dad) she's gonna be a drummer. (cashier) yeah she is. that's gonna get loud. (dad) right? (vo) the new wells fargo active cash visa credit card. unlimited 2% cash back on purchases. that's real life ready.

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welcome back to "fast money. shares of the company formerly known as weight watchers are sinking after its results. >> a difficult quarter for ww. a miss on earnings, on revenue and disappointing subscriber numbers. the company formerly known as weight watchers saw subscribers fall year over year and quarter over quarter, coming up short of the company's expectations revenue forecast below the street's consensus the ceo says, there's a plan to optimize performance in the second half of the year and position us well for growth in 2022 shares tumbling after hours, more than 20%. year to date, ww international has gained about 32%

on the conference call, she mentioned the continued commitment of shareholder oprah winfrey and noticed surveys of weight gain during pandemic, giving investors reasons why she believes the company's prospects are good going forward shareholders not believing it at this very moment >> thank you karen, you are in this trade it's painful >> yes this is a painful one. those were awful it was a big revenue miss, which i hate subscriber growth and that transition to the digital subscriber, a better margin customer, even though it's a lower dollar amount, that they missed there for all the reasons she's optimistic on the forecast those should have been reasons the quarter should have been better very disappointing i'm a seller of long stock i'm a seller short calls they will go out worthless

let that happen. i find this very disappointing i have had back to back yuck stock earnings the fundamental story seems very much intact. that isn't nearly as troubling this is far more troubling. >> does this seem like an execution issue? you don't have confidence in the management team? >> i think mindy is great. maybe it's bigger than that. it could be that that's possible. >> the industry is changing around her >> that could be it as well. i don't know which is which. she's great. maybe it's the industry. maybe it's competitors like noom this is too disappointing to me. >> you are selling >> i am. >> you are out >> i sold some tonight i will sell some tomorrow. >> coming up, shared of moderna taking a breather after a rally. a top analyst will tell us why he sees the move is ridiculous

plus earnings later this week, option traders are logging on.

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money. moderna's record rally losing steam today. the stock has nearly doubled in the last month one analyst says the run has been ridiculous and he is calling for a big pullback jeff, great to have you with us. >> thank you good to see you. >> you think that this stock should be about 75% below approximately are it is right now. why? >> i do. i would say over the past few weeks, the move has been so dramatic when you look at the valuation, it's really, as of yesterday, very similar to merck. not saying the company doesn't have a great technology. they do. i think they have done a great job in investing back in the business the assumption that you have to make to get to this valuation literally assumes you have about a billion in covid vaccine sales -- a billion doses ever year from now until 2038 and you

also have to assume that the probability of success in the pipeline is 100% and everything works. that's are just not really safe assumptions, i would say i go back to the model the model doesn't really reconcile with the current valuation. >> let's sort of tackle each of those assumptions which you think are lofty. in terms of delivering the doses through 2038, why is that not possible given that you might need the vaccine itself, you might need boosters for different variants and it's a global issue >> right it's interesting we have done a lot of calls with experts from epidemiologists to infectious disease experts to people in the field treating patients the vast majority of new cases now are those that are unvaccinated the breakthrough rate is low moderna's vaccine and others are

working. i don't think there's a need to have annual boosters , certainl. i wouldn't be surprised every couple years the antibodies have slowed down since a person is vaccinated they do naturally go down. it doesn't justify, i think, annual boosters, certainly not for those that have been treated just a few months ago. i'm of the view that we don't need annual boosters and that is the feedback from many leaders and also thecdc has stopped short of recommending that as well. >> in terms of its pipeline and the assumption that 100% of what's in the pipeline makes it across the finish line, isn't it a greater probability now versus let's say, i don't know, 18 months ago, that much of this pipeline does cross the finish line because we have proof of concept now for the technology

>> you are absolutely right from the standpoint of the technology has been de-risked from a safety and being tolerated. you don't give almost a billion people the covid vaccine without any real safety consequence and not have that makean impact. i think you still have to go through the actual work of running trials for flu these are programs you have to show disease revolution. for cancer, you have to show tumor shrinkage. for some of the rare diseases, you have to show a clinical benefit. i think it has been de-risked from a safety perspective. i would still think though you have to have the natural prop progression of drugs in development go through the clinical development process and have good efficacy and show a good risk/benefit. it's not that moderna doesn't have those assets. it's just that they are early in

development. >> great to speak with you thank you for your time. >> thank you very much >> a $115 price target, guy. what do you think? >> he does extraordinary work. i respect it if you read the note, which i know you did, it speaks to the reasons why. one of the risks to his assertions are accelerated approval of some of the products, which in this environment with we could find ourselves having he puts $115 price target on it. it's been an incredible run. you have to take notice. i don't know if it goes to $115. but you could see on the back of a note like this and subsequent notes from other analysts the stock trading in the low $300. great run. maybe it's time to take money off the table. >> even with the pullback, it's worth as much as merck or amgen. tim, would you rather?

moderna, merck or amgen? >> that's too complicated. i need guy's help on that. i would take merck you havea case where -- i thin j.p. morgan's note out is priced -- saving the world but priced like saving the universe. i think that's the story here. it's very difficult. you almost have to dcf this. you can come up with any number you want throw heavy discounts and give them ten products they have in their pipeline beyond this and it's tough to get a number much above 300. look, i'm long merck i believe in what they do long-term. it's a very different story, of course >> coming up, digging into some options ahead of the earnings report detas aewilin f ten-x is the's largest online commercial real estate exchange. and it's fast. if i could, i'd ten-x everything. like our lunch. (laughs) amazing!

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comcast nbcuniversal is investing in entrepreneurs to bring what's next for sports technology to athletes, teams, and fans. that's why we created the sportstech accelerator, to invest in and develop the next generation of technology that will change the way we experience sports. we've already invested in entrepreneurs like ane swim, who develops products that provide hair protection so that everyone can enjoy the freedom of swimming. like the athletes competing in tokyo, these entrepreneurs have a fierce work ethic and drive to achieve - to change the game and inspire the team of tomorrow. welcome back to "fast money. baidu traders are optimistic mike, what are you seeing? >> somewhat optimistic, one could say. today we did see calls outpacing puts two to one. the options market is implying

it could move 8 1/2 dollars. that's a little over 5% of the stock's closing stock price. there's significantly lower, actually, than the average over the last eight quarters. it moved about 7%. a little over 1,800 traded at an average price of $2.60 a share buyers would need to see the stock rise by about 4.2% or so by the end of the week to break even presumably, they are expecting an upward move of a little more than that. there is some bullish activity on balance, i would have to say, to the option market expecting a more mooted move >> thank you up next, final tras.de when traders tell us how to make thinkorswim even better, we listen.

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draftkings will stop starting nfts featuring tom brady tomorrow other athletes will follow do you remember when they went public i don't know if you know this. they rang the bell here at the nasdaq, they were wearing shirts with an nft on it. >> really? why wouldn't they do that? for people who are calling the death of nfts -- seems like a long time ago. volumes have exploded. you are not having these high dollar values for fine art but across the space >> it's a culture of trading that we are dealing with time for the final trade tim? >> buy a tom brady jersey at walmart or online. walmart, we talked about this earlier in the show. this is a not expensive company. >> guy >> dollar general. >> karen >> i actually thought your nasdaq idea wasinteresting

relative to coinbase so nasdaq. >> dan >> xlk, technology select etf. i'm a seller of that we have a pullback in the coming weeks. >> thank you for watching "fast money. see you back here tomorrow at 5:00 "mad money" starts right now my mission is simple, to make you money i'm here to level the playing field for all to level the playg field. 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 i'm trying to make you money my job is to entertain and teach you, to call me, or tweet me i'm sick and tired of people pinning this whole rally