10 >> "fast money" is next, but at 6:00 i'll be hosting a special, "your money 2022," plus we're taking your questions, tonight at 6:00. stay tuned all this week, in fact, because sara is hosting it later in the week, i'm starting off the week thanks for watching "closing bell." "fast money" is next tonight on "fast," nightmare after christmas. flight cancellations mounting from coast to coast. we'll break down the fallout for investors. plus the holiday season the strongest in 17 years. stick with this trade as we head into 2022. we're going shopping for opportunity. and later, a fast pitch. one of our traders is throwing out his best idea, why he thinks this chemical stock is a home run investment

welcome to "fast money," i'm frank holland. we begin with breaking news, health officials cutting isolation and quarantine times for those exposed to covid-19. the cdc coming out with new guidelines, trimming isolation for those infected to covid-19 from five days to ten, if, and this is a big "if," if they are asymptomatic people who have their booster shot do not need to quarantine after exposure to covid-19 however they should wear a mask for ten days after exposure. a lot to talk about. let's break down what that minnesota for the reopening trade. dan nathan, your instant reaction >> first thing first, thanks frank holland, great to have you on "fast money." we've all got conditioned to the

lockdown, the quarantining, the sort of thing that has to happen when people are infected with this disease the good news is our country is very well vaccinated at this point and we're adapting to some of the new trends as it comes out, with some of these new variants i think it's great news. i think going forward, i will tell you, i don't think it changes much for q4 gdp. we've seen expectations for that coming down substantially. we've been looking at this variant for about a month. what we've had for hospitality and travel over the last week and a half or so, that's not coming back. as we think about q1, we'll see expectations come down, because the world, the rest of the planet, where a lot of our companies get their sales and earnings, will actually have fits and starts with this thing, it's going to last a while q1, gdp will last a while. i don't know if it changes a lot other than from a sentiment standpoint businesses will be really careful as it relates to their

employees and back to work >> we're watching travel and airline stocks, they're up in after hours. i'm not saying it's off this news but they are up after a difficult weekend. nadine, you and i were chatting earlier, i know you said a lot of investors are turning to the value trade possibly in 2022 does this change your thesis when it comes to investing in cdc guidance right now is it as big as we're making it out to be? >> frank, it's important what dan said, also the fact that they're being data driven. omicron causes fewer deaths, fewer hospitalizations, especially for those vaccinated and/or have a booster shot being data driven is showing us that you can isolate for a shorter period of time, half the period of time that's huge, right so you can get back to activities that's going to bring forward some revenues that have been halted especially in the services sector. that's what dan was mentioning it does change the outlook in terms of time frame for certain types of businesses.

what it doesn't do for our team is, we still see the growth of gdp decelerating next year so while the party can last maybe a little bit more for the reopening and a certain kind of stocks will be better here in the u.s., we actually prefer international stocks because they haven't seen that reopening yet and have to be careful domestically to start adding some protection. it doesn't mean you have to do value trades, we're not saying to buy financials, but you have to be careful, add some defenses, add some treasuries to your portfolio today >> a great pointon the data. another peeiece of data that cae up, dr. fauci on abc said the last weekly average was 150,000 cases, it will likely go higher. speaking of data, steve, you have some data, you did some googling that i don't think most of us have done. what's the right way to pronounce omicron? >> it's ohm-i-cron

you here it every day, it's pronounced one way or the other, no one cares about the pronunciation. but i think the problem is, no one knows what the protocol is no one knew what the protocol was before we started the show i will tell you, i'm going to have to google search and see what the protocol is now going forward, even with that headline so i think what the market is really anticipating, and nadine touched on this, the value complex. you don't have to be straight out buying, you know, energy names or just -- or financials but i think she brought up a key point. international exposure we've been so locked into domestic as the only safety bet. so i think come the change of the calendar, which we're approaching very quickly, you're going to see that value trade come on. what does that mean, frank i think it means you have to dip into chemical names, material

names, and everything else but faang could still be strong. people use it as safety. people think that large cap tech is somehow a value trade and you know what, so be it, because the market cannot go higher without those six to eight names. >> a lot to chew on there, steve. big dog, i got to come to you. what are you seeing when it comes to the travel trade? you just celebrated a birthday yourself are you back to traveling? >> oh, i'm traveling all the time i have been actually literally over the last couple of years i've traveled and felt comfortable about it i've done all the different protocol that people want us to do but i think this is interesting, frank, because when you look at this, it almost seems as if the cdc is taking a page from some of the major sports franchises, right? when you look at the nfl and what they've done, the nba and what they're doing and they've shortened this whole thing. i would have expected, and i've been looking, looking, looking, i see some fractional, as you

mentioned, moves in terms of the airlines and when i look over at casinos, another one of those areas where we've seen that reopen with wynn and las vegas sands and some of those names. but i'm not seeing a whole lot of movement right now. i mean, maybe we will, maybe we'll see more of an aggressive move come tomorrow but i would have expected to see more of a lift from the airlines and the cruise ships and the casinos and all those areas where we've basically been focusing on for a part of that reopen trade and i'm not seeing a lot of movement yet maybe it's just because it's so early and we're trying to learn more and more about this and how this is going to function. but i think to the point of nadine and what steve is talking about, i think it's all about quality. quality names, whether they're in the tech world or in the semiconductor world or whatever. quality does matter. and obviously if all you've got to do is look at today and look at what's struggling, what's struggling is those high multiple names, the names that did so well obviously in the early days of the pandemic, but now have started to fizzle a

little bit whether you're looking at peloton, docusign, those kinds of names that's something as well there's a lot of different things, frankly, that we'll be dissecting over the next couple of days and this is something we'll be looking at over the next month or so to see what happens, obviously we don't really know, and we're going to have to find out, obviously, literally, live each and every day. >> let's turn our attention back to travel stocks delta air lines, again, not saying this is directly tied to the cdc news, but up a half a percent in half-hours trading. when we're talking about travel stocks, is this the boost they need they were struggling to staff flights, we saw those cancellations over the weekend steve, is this the band-aid that this airline stocks really need to get through these difficult times, these omicron surges that experts believe will surge for a few weeks, maybe a month or so, then decline >> yeah, definitely. you know, people -- put it this way. when we talked about this last week, the tsa was announcing

numbers that were just as high as pre-covid ever entering the scene. december 2019 levels that means people want to get back at it, to pete's point. they want to travel. they want to go see other different places they want to vacation the way they want. but the knee-jerk reaction is, when you hear the cdc or the government saying, the federal government, saying you can't travel, or we're going to restrict it, people back up. they sell the stocks first but what we've seen is, not what they say, but what they're doing. what they're doing is, they're getting back out there and they're traveling. if you look at the travel stocks, frank, they all, short term peak, they hit a trough, and they've bounced back 50% of the way. that's a huge technical point. so a lot of these names that have it, you want to be buying those. a name that i am always pounding the table on, that's gotten so

beat up, y.o.u if all of these travel names are popping, then clear secure should be popping as well. and it just hasn't don't get me wrong, it's rallied 20% off of the bottom. but y.o.u. should be up another 30% from current levels. >> all right speaking of travel stocks, carnival cruise lines closed down a percent right now in after hours trading, up fractionally dan nathan, i saw you raising an eyebrow when steve was talking what are you thinking? >> there's going to be, again, fits and starts. airlines, the ones that are more domestically focused like jetblue, that makes a lot more sense to me than some of the ones that rely on international and business travel. pete made a great point about that it looks like the cdc now is taking, you know, their cues a little bit from the private sector, the nfl, the nba they've dealt with some of these quarantine issues. i think it's really important to go back to remember at the start of the pandemic, it was the

private sector that kind of led the way. the nba shut down. remember that day in march of 2020 and so i just think that it's going to be really difficult to kind of just draw a line and say when we're going to be back, because i think no matter what the cdc says, i think there's a lot of companies that were expecting to have their employees back in the office, let's say, january 10, that was a big date i think that's going to get pushed out i still think a lot of schools are going to get pushed out. whether it's five it days or te days, there's still a lot of disruption if you have an outbreak that's the important point i don't see near term this headline causing pull forward, people getting back out and doing some things they were worried about doing a week or two ago. so cruises, they're still going to come back into port if they have an outbreak and quarantine people that's just going to be the way it is. to me, i think it's going to be a very complicated case. >> definitely complicated. steve had a great point. after this headline, even with this information out here, a lot of us will have to google it to

make sure we're all on the same page cdc new guidance, vaccinated or not vaccinated, you stay home for five days. if you have no symptoms, you can leave the house but should still continue wearing a mask for five days a lot more "fast money" coming up. christmas may be over but retail stocks are staying in the holiday spirit do you stick with this trade we're shopping for opportunity but first, a record day on wall street the s&p notching an all-time high, another one. where do stocks head next? the chart master joins us to neak it down. doot go anywhere, a lot more "fast money" coming up right after this

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welcome back to "fast money. another record day on wall street, stocks rallying to kick off the final trading day of the year the s&p 500 closing at its highest level on record. the bill and ted excellent record close, 69 this year, last time that happened was 1995. the chart master himself sees even more gains ahead. let's go to carter worth happy holidays >> great to be here, and great to catch up on phone

on your screen you're going to see a table. what this is, it removes everyone's opinion what you're going to see is, what are the numbers around year end last week performance? if you look at every single week, 1928 to present, some 4,800 weeks, the average of return is basically 14.5 basis points the last calendar week of the year, it's 15.6, a 3.5 x performance. odds of being up are basically 10 percentage points higher. any given week, you're up 56% of the time, last calendar week, you're up 66 that's important, and people play that. in terms of the chart, and this is all very here and now, the question is how much more? we're only talking about four sessions we've already done today more than the average of the last calendar week. i'm drawing the internal trend line even as we were to get there, that's 48.02 to 48.05, my hunch

is it will close around there when friday is said and done let's look at tech, the driver behind so much of the market and so this is the tech sector, the spyder xlk, the sector etf if you didn't know what that was, you would say, steady as she goes, higher and higher. but importantly, last chart, look at the two-panel chart. this is the same chart on top, but on the bottom is relative performance to the s&p so all the while, for the past 12 months, as it was going higher, tech, it wasn't doing anything relative to the s&p only in the last three to five, three to six weeks have we broken out in a definitive way there is no thinking that tech is extended relative to the market stay long, be long, tech value, i like it

>> carter, masterful charts as always, we appreciate it guys, are we going to buy this momentum that carter is laying out? it seems to be the season of rising support levels. i'll go over to you, nadine. what are you seeing when you see this technical analysis from carter >> i would trim that tree. so when i look at the xlk, i agree with carter. maybe you've got another 1% upside there but i see it with potential 6% downside, if you're looking at our internal trading ranges. so it's at 176 for the price but our trading range is 165 to 178. if it goes above 178, i would start trimming more. if you look at the options market, it's now at 24% discount what does that mean? people are really complacent right now versus a month ago the premium was almost 80% so people were going crazy they were throwing out tech. you remember that? that was the time to buy tech.

do i think you could eke out a little more of your tech today sure do i want to own it in 2022? sure but is this the time to go loading up no this is the time to trim that tree >> pete, nadine just pulled that pickup truck into your front yards. what are you seeing, are you buying momentum whether it's equity or options? >> i'll tell what you i'm seeing, which is really interesting. it's not necessarily against what nadine is talking about, because everything that we saw today, for instance, frank, was extremely short term now, we had monstrous call buying in everything from nvidia to microsoft you look at facebook, you look at all these other -- amd. and we had monstrous paper, and i mean 20,000, 29,000, 30,000 contracts. so, but all of them expire on friday, on the 31st. so they're not looking long term it's very, very short term more so even than normal normally we would see at least a little bit of something going further out in time. these are one-week trades. i'll tell what you, i think you

can ride it for this week and then reassess when youget and trim and/or take off at the end of this week but i'll tell you, the volumes did actually pick up a little bit today. but the volumes have come on, volatility has come out. and it's giving you an opportunity at lower applied volatilities to be able to ride more for whatever is left for this calendar year of 2021 we'll see, it will be interesting. >> steve, s&p 69th close record of the year. anybody trying to sell >> the problem is, this year more than any other year, i would think people are really doing this markup or markdown, however you want to put it, whatever sector you have, into the new year no one wants to sell any tech because they want a full year of getting, you know -- having to pay their taxes on it. so i think the first couple of weeks of january will be more telling than any other year. when you look at the xlk, the

etf for technology, it's 45% of it is apple and microsoft. so you have a handful of names dictating direction. what would you do with that is, yeah, sure, you can -- nadine can pull up her pickup truck and trim that tree and do what she wants and i think she would be right and accurate in doing so and i think you're going to see the yield curve steepen even in absolute numbers not be crazy, but on a relative basis it will. and that will give value some time in the sun, if you will >> i'm going to come back to the travel stocks. are you a buyer? we've been looking at these airline stocks, looking at american, delta, they're up fractionally if you look at alaska airlines, a more domestic focused carrier, up a percentage and a half are people catching on to this >> we had low volumes today, frank, i'm not going to put a lot of stock in the aftermarket

here the trend simply is that people want to buy these things i think steve identified some support when we were talking about this earlier look at united, it bounced at 39 it found some support twice in the last couple of months. jetblue down at the $14 level, that looks interesting to me it's important to look at the move expedia had last week, that thing just broke out, my goodness feels like it wants to break out after a huge, huge move. i think those are the places you'll want to be, you'll want to see some rotation going back to the xlk, steve made a really important point. two stocks make up 45% of the weight of that etf, it's microsoft and apple. they're up 35 and 55% respectively on the year, each gaining a trillion dollars in market cap broaden that out to the s&p 500, five stocks, apple, nvidia, tesla, google, alphabet, they contributed 51% to the s&p 500's

returns since april, those five stocks alone here is a stat from jpmorgan management the s&p 500's top ten constituents, those five are obviously in there, in november was 68% above their 25-year average, okay? and just think about that. the rest of the stocks are only 28% above their average. those top ten have not only massively outperformed, not only have they eaten the indices they were in, but the higher they go into year end, and carter is probably right, and the lower they go at some point in january, early february. we're just getting started here on "fast money. here what's coming up next >> announcer: a retail report. consumers shaking off higher prices and giving retailers a nice gift this holiday season. we've got the trade, next. plus grab your glove we've got a fast pitch coming your way steve grasso is throwing the heat on a total home run

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welcome back to "fast money. it was a merry christmas for retail new data from mastercard showing holiday sales rows at the fastest pace in 17 years sister retail reporter courtney reagan has the numbers >> with inflation and a new covid variant spread, americans shopped 'til they dropped. holiday sales were 8.5% over last year, that's across all forms of payment, in-store and online shoppers returned to stores and kept those online shopping habits, on top of 2020's

e-commerce surge we saw an increase in in-store sales 8% over last year. online sales ultimately making up almost 21% of total retail sales. that's up from 20.6% in 2020 and 14.6% in 2019. department store sales grew 21%, according to the report. shares of macy's, dillard's, and nordstrom up between 2 and 3% today. no word yet from the retailers officially about the season. apparel sales overall more than 47%. investors placing bets at ralph lauren, lululemon, and american eagle among the beneficiaries. lululemon, up 2.7. american eagle up 3.5% today sales of electronics up more than 16% according to mastercard's holiday sales report shares of apple up more than 2%. best buy higher too but just by about 1% walmart, target, amazon also

likely big sellers of consumer electronics to shoppers during the holiday season which by the way still has a very big week this week potentially as retailers try to capture exchanges rather than returns and entice shoppers to spend those gift cards frank, you might know the revenue can't be recognized for gift cards until used. >> i use mine all the time courtney reagan, thank you, great reporting. let's talk about where retail is headed in 2022 jerry storch, former toys "r" us ceo. jerry, happy holidays, thanks for being here >> great to be here. >> i was a toys "r" us kid so i'm appreciative of all your work in-store sales up 8%, e-commerce up 11% sounds like an all around win for retailers. was this holiday season as good as the numbers make it seem? >> i think the season was good we've been saying all along it was going to be good consumers have money and history shows one thing, when consumers

have money, they spend it, and they did the one caveat i would have to this whose story, if you take the mastercard numbers, 8.5% for november, december combined, we already know the old data is that november was up high double digits, maybe 16, 17%. what does it say about december? probably wasn't up very much when we get that data out in january, it may not be as good as people think for december alone. some of that is sales that were pulled forward into october, november and some of it was, especially the last week or two, leading up to christmas, we had all this noise about omicron. some consumers did stay away during that period i don't think it's a long term disease for the consumer, to use a pun, i think it will be short-lived. the consumers will be back, if they have the money, they'll spend it >> gerry, i'm in agreement with a lot of things you're talking about here, what are your thoughts about margins are we at peak margins

it seems there have been catch-up purchases by consumers. online is typically diluted for retailers. a lot of people purchased a lot of inventory which is going to have to get unwound. maybe it benefits tjx, but how do you think about retailers and margins going into 2022? >> i hate to tell you, it depends. with apparel, we may be near peak margins a lot of retailers didn't buy much last season so they had a lot of fresh inventory this season we might see a different picture next year. every merchant, when they get into a new position, they mark everything down, they look great the first year, the second year not so good. all department stores may look that way this year when they had a lot of fresh merchandise coming out of the pandemic a year later, two years later, that stuff gets long in the tooth. meanwhile there's pressure on margins from supply chains which some retailers have abated through chartering ships or air

freighting goods they probably won't have to do that as much next year i don't think the supply chain is totally fixed, they've had quite a while to fix it because they're past peak now, volumes are down, there will be some time to get things under control in supply chain. that will go the other way meanwhile, every retailer i know is raising their prices. everyone's going to raise their prices so margins will be pushed up by that it depends on the category i watch apparel very closely, though >> let me do my returns first, then they can raise their prices, if you don't mind. the stickiness of e-commerce, courtney says this holiday season was just under 21% for the second straight year will we see declines for e-commerce in the future what does that mean for margins, to nadine's point? obviously the returns seem to be

really killing retailers >> not a chance will we see a decline in e-commerce. it continues to capture share. some thought this was the quarter bricks and mortar got back share no way, no how amazon continues to gobble share. that's going to keep growing, that's a mega trend, it's not going to change. you're right, though, depending on the average ticket, a low average ticket store, e-commerce erodes the margins a high average ticket store, it doesn't make much difference if you're saks or neiman's, something like that, shipping out things tat $500, its irrelevant for the overall margin picture if you're kohl's, you do degrade your margins meanwhile, you have to figure out how to fix it and that involves having products with higher margin, building the

ticket up, building your average price, building the average items per transaction. you have to view that as a new challenge for the ages if you want to be a winner in the future >> gerry storch, great insights, we appreciate this pete, let's trade this how are you going to do it >> i think there are so many companies that are doing extremely well as a matter of fact one of jerry's old companies, target, has been absolutely fantastic. and they've actually done both sides of it. they've done a great job with the digital side of things and the online and the growth that we've had there but also when people go back into those stores, which they will still doing, when they go back into those stores, they've got the higher margin items that people are going to get attracted to i think that's helping balance us out at least to some degree because originally, as you guys remember, essentials were what everybody went for, for the cleaner and the groceries and all those kind of things but they weren't, if they were willing to go there, they weren't going in the back area with apparel and jewelry and

things like that, now they are that's working to the benefit of costco and target and those types of stores. it will be great going forward i think the growth these companies have made through online is just absolutely extraordinary. and they will figure out ways to get those margins back up. i guarantee you back they are not fools and they don't want to see it slip too much further than it already has so they would like to get those margins back up. they'll figure out a way to do it >> dan >> nadine just mentioned the discounting in the apparel space. t j.j. maxx is interesting, it' been really volatile if you look at the chart, it's moving all over the place. only up about 8% of the year if we get back to a period where people feel very comfortable about browsing in retail stores for apparel again, t.j. should do really well on a valuation basis, it looks kind of reasonable especially

with department store stocks that have taken off. >> apparel stores up 29% over 2019 people are buying a lot more clothes. coming up, a lockdown crashdown. investors slamming the brakes on didi following reports the company is blocking employees from selling their shares. we've got the details, coming up next but first, get ready for a fast pitch our own steve grasso throwing heat on a chemical company he says is ready to surge we'll give you that name when "fast money" returns

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call 833-317-4673, or live chat at calhope.org today. welcome back to "fast money. as we start to close the books at 2021, steve grasso says this chemical stock is a rock sold bet. steve, take it away. >> first of all, you have to have the caveat that value has to come back into vogue. and i do think that's what's going to happen. you're going to see a lot of international exposure the stock is dow, d-o-w, dow inc. it's trading at its lowest valuation in history based on price to earnings ratio. if you take that aside, then

let's move on from there when funds add, if they have to add international cyclical global exposure, this is the one they'll go for why? because it's large cap and very liquid you want to be able to get in and out of stocks, frank third, the dividend has proven to be rock solid during the most hectic and the most frantic and the scariest of covid 2020 weeks and months it's been rock solid another thing, based on this dividend yield, around 5% has proven to be supportive in the stock and we're smack there right now. >> all right pete, do you have a question for steve? >> sure. steve, are you concerned at all about the depth they've got? i'm not saying you have to be, i'm just saying what do you

think. i think it's north of $1 billion, does that concern you at all >> it does, pete, very good point. also there has been some concerns over margins over one of their businesses, business lines or chemical lines. those seem to be -- i shouldn't say -- the debt is not in the rearview window yet but the fact that they have exposure to u.s. nat gas versus european companies and asian companies that have a much higher input cost means they should actually be bottoming first and all of their portfolio of names in chemicals should actually be bouncing so that should cure, if you will, their debt issues. >> all right, steve put his money where his mouth is on that value trade. no more questions, polls are closed, time to vote are you buying steve's pitch on dow inc. nadine, ladies first >> all right

i'm going to give it, you want to own dividends in 2022, the d. and the o., dividends you want to on. the w. is wait so i'm with him but i want to wait until it gets to 53 bucks it's got about maybe 2% upside, 4.5% downside, so i would love to pick it up cheaper. i want the value trade at 53 >> right now dow is trading at $56. pete, over to you. >> i'm going to give this the nolan ryan, really nicely done, steve, you explained everything very, very well, an awesome fast pitch, i appreciate it i'm buying it. i like what you're telling me. 5% dividend yield, if i can sell options against that as well, i can enhance that, that's the kind of stock i like >> dan >> yeah, listen, i'm not a buyer. but that's not because i didn't

like the pitch i think that was a great fundamental pitch. i mean that very seriously but i want to say one thing. i've been doing this with steve for a very long time when he's pitching a stock that's trading well which this stock is not, he always points to the chart, okay always points to the chart i think nadine's levels near term make sense, 52, 53. look at a five-year chart. the stock is in a down trend, it's broken below a breakout level a couple of years ago, it looks like some real resistance here lower before higher. i like the fundamental call. but steve, where was the technical call, man? you always put these in your power pitches. >> man >> cyclical call -- the technical call was on the yield. but i hear you, i should have told you the level i think it goes past $70 which was past resistance. the desk has spoken. now it's your turn are you buying steve's fast

pitch on dow vote on cnbc fast money. coming up, didi blocking its employees from sli ielngts shares we'll bring in the details when "fast money" returns (inspiring music) - [narrator] at southern new hampshire university, you can reach your goals faster. that's because you can transfer in up to 90 credits towards your online degree. - i was able to cut my time in half. - [narrator] apply free at snhu.edu

welcome back to "fast money. shares of chinese ride sharing company didi hitting the skids today. let's get to kristina with more. >> looks like didi's early investors won't be able to cash out anytime soon china blocked all investors from character out despite the 180-day lockup period. shares down over 5% today. employees, families, and friends are locked in. but outside firms like uber which owns almost 12% of the company can opt to cash out. uber is the second largest investor after softbank. didi has already lost over 62% of its stock value since june after chinese authorities launched an investigation into didi's data security practices you also have the united states ordering foreign firms to open their books to auditors, pushing

didi to delist from the new york stock exchange and pursue a listing in hong kong when they get back to me in time for this hit the regulatory hurdles continue weighing on chinese listed firms. over the weekend chinese regulators released proposed rules for domestic firms if they want to list overseas. that means a listing could be stopped completely if deemed a threat to national security, which doesn't bode well for the entire sector, especially if you're an investor in a chinese listed firm here in the united states frank? >> kristina, appreciate it nadine, i know you're big on international stocks is this one of the stocks that's on your radar? >> you know, we're not investors in didi but we do invest in china. it's been tough for them, they're unable to sign up new users. the app store was ordered to remove 25 other apps including those that registered new

drivers. with all of that going on and making some investors illiquid, this is not the kind of name i would touch. if you look at the kba that includes a couple of names that have been difficult to trade in the tech space, it's at 2740 when i looked at it today. our range is about 2.3% upside to 6% downside people are paying a ton for protection they're really worried if you can move from neutral to bullish short term and pick this up 45 or lower, i would go into kba. i think that things are bottoming out. this is the one economy that's actually going to have the growth of gdp accelerate in 2022 versus other companies in the u.s. that will be decelerating >> dan, trade it are you into this? >> it's funny, frank, if you look at the holders of this, and obviously we just saw uber is a huge one, softbank

but it's a who's who of u.s. hedge funds. very smart hedge funds i mean, maybe they're doing us a favor for those holders who own this thing at $14 on the ipo with the stock down here at 530, because you onslaught of regulatory action that we've seen against chinese, the regulation against their own champions if you want to call them that, they don't seem like champions right now, they seem like goats, it has to come to an end sooner or later. they're destroying a lot of value. we know they're very focused on shareholder value in their own country. sooner or later they'll be viewed as just a not-honest broker as it relates to listings here in the u.s. and maybe they're all going over there. at some point these things are going to have to have a dead cat bounce this one in particular seems like it's probably prime for that move. >> let's stick with asia wall street sees massive upside for a tech giant grab after a bit of a disappointing debut for more head to cnbc.com/pro.

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welcome back to "fast money. coming up at the top of the hour, a cnbc special, "your money 2022." we're breaking out our crystal ball we'll see what's in store for your money coming up in the new year, all coming up next right here on cnbc wilfred frost hosts it activist investor starboard value took a 6.5 stake in go daddy stock. that news started a bit of a fire in the options market where traders are betting that rally has some legs on it. mike khouw joins us to break down the action. happy holidays, mike >> hi there, frank overall, the options markets volumes were pretty light. the most active opening activity that was taking place there was the january 85 strike calls. we saw buyers of those spending

a little more than $1.90 a contract this recent spike could continue through the third week of january and they're looking for prices above $87 a share >> mike, really appreciate it. pete, i'm going to toss it over to you 191 for that option. were you a buyer there, was that a good price >> you know, i don't know, frank. i think the reality is the volume is still low, as mike pointed out. when we're looking at unusual option activity, oftentimes we're looking for huge volumes this isn't in the category of huge volumes as far as risk/reward, i would much rather be in the options after the huge move we saw on the stock out of this news potentially the stock could fall back to where it came from fairly rapidly after this news settles in and all the rest of it i would rather be in the options. i would rather see a lot more volume than we're seeing right now. i'm not as intrigued as i normally would be. >> $800 million worth of stock,

starboard taking a big stake there. >> it's important to follow activists like this, they obviously have a good track record, i would say take a look at square space too, a company which reached the public in a similar space, if you will, and not doing particularly well either there might be something about the fundamentals that's going on, maybe it's a little creator economy. maybe the ens domain name .eth is catching on, the way people are creating new content or businesses who knows? but these stocks don't act particularly well. coming up -- i'm jumble the gun. for "options action," tune in to the full show on friday. are you buying steve grasso's fast pitch on dow let us knoyow ur results and final trades coming up next on "fast money. stay with us thinkorswim® by td ameritrade is more than a trading platform.

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welcome back to "fast money. time to find out if people at home, you are buying steve

grasso's fast pitch on dow the numbers coming in, tallying right now. there we go. it looks like they were. 52% of voters are buying steve's pitch. it's a bambasso. i would never rule against you, but i kind of wanted to say "he gone." i would never rule against you steve, after this big victory, we'll go to you first. >> it would be weird if i didn't say dow for my final trade, frank. i'm very preappreciative of dan going on twitter and voting for it anyway. >> nadine? >> the u.s. dollar through the uup etf. >> big dog >> i'm going to give you nvidia. we had monstrous buying today. 29,000

giddy-up, this thing is going higher >> how am i not big dog? i like where you were going with the travel trade you want the domestic airlines down 33% from itshighs this year it's flat on the year. turn the page on the calendar. >> thanks, guys. thank you for everything, all the insight on all the stocks thanks to watching "fast money,a cnbc special your money 2022 with wilford frost starts right now. >> announcer: tonight, new year, a new financial you. we take a glimpse at the year ahead. first up, a trifecta of travel how to navigate covid inflation and interest rates and then digital doldrums, has this said the stage for continuing a tech wreck in 2022. and do we stay in or out we go