special, crypto night in america. melissa lee is taking stock of cryptocurrencies in 2021 and looking ahead to where they could go in 2022 that is tonight at 6:00 p.m. eastern time the evening shows just get better and better. i started them melissa picked it up and seraphinished them we're out of time on "closing bell." "fast money" is next. >> tonight on "fast," biogen and what it means for investors and who could be next. and plus going bargain hunting five stocks down double-digits, will they be the comeback kids of 2022 and find out on trade it or fade it and out with the new and in with the old. best bets in fin tech. welcome to "fast money," i'm melissa lee. tonight's lineup

guy adami will join us in moments. we start out with another record day on wall street closing at fresh all-time highs for those of you keeping track at home, that is a 70th record close for the s&p just this year with stocks hitting all-time highs we want to know what is a setup going into next year we tasked each of our traders could come up with their most important charts into the market heading into 2020. so let's get right to it pete, what is your chart >> well i'm going to go with wti, crude oil in other words. and the reason i say that, mel, it was left for dead at one point in time. it really was. it traded in negative. but when you look at this and all of the different implications that it actually has on the marks themselves and across the globe, i think it really is that important when you consider the fact that this is something that a piece of obviously russia and china and then you go to south america and africa, it doesn't matter. it is all across the globe including the u.s., canada, you name it. and so because of that, i think when you look at that and the

year that we had this past year of the 52-weeks and you could add in the last month of 2020, this is unbelievable how this entity actually did run to the upside from basically call it about $40, got up to $85 pulled back and then started to move again and today it was up around the $77 level. when you look at crude, it tells you so much about inflation. it tells you about the demands and what people are doing in the rest of the world and the fact that they cut back on capex a few years ago, and now when you look at the demand and the supply, it is a much different story than it was several years ago. so because of that, mel, i think going into 2022, it is going to be very interesting. i'm projecting right now that it maybe gets all the way towards 120 but closes out the year somewhere in the triple-digits i would put it right around $100. >> would that be bad or good for the economy, bono wynn

it could be attacked on the consumer and corporations? >> yeah, i think triple-digit oil is going to be tough to sustain there for the consumer or just generally speaking we just had the release of fsr just to abate that very thing. so, i believe the bull thesis. i think the days of triple-digit oil back in the early 2008 or 2007 era, maybe it is 2005, i think those are times past but i do think from an industrial production standpoint it is setting up positively. >> would you be long energy stocks grasso going into next year >> no. >> why >> should i give you my chart or are we talking energy. >> no, you know what, it is my fars day back. i've been gone for a week. you do whatever you want what do you want to do do you want to your chart or give your opinion or answer my question, what do you want to do >> the only reason why i said that is not to be difficult.

although i do enjoy being difficult, it is not to be difficult, it is that pete went with a commodity, i'm going with the sub sector so i'm going with the xle. for a lot of the same reasons that pete said but just think about it. what is the most important thing next year? the fed. how do we gauge if the fed is successful or not, inflation how do we engage in inflation, food and energy. so with the xle for me is going to decide on whether or not you're going to have a problem for the consumer so you -- so pete gave his estimate of where he think wti crude is going to be at end of the year i'm going toik the other side of that i think it is at 65 or lower and the reason why i give that range is that first of all it is been in a range between $65 and $85 and i think to bon wynn's point, i don't think the economy or the government, the federal government could handle above 100. and why do i say that?

it is because politically we're probably going to see the house flip and the senate flip and then the president's hands are going to be quasi-tied he he can't run on four years from now, you can't run on energy prices being above $100 so i do believe that it is in his best interest for it to be lower. so would i invest in an energy stocks no, i wouldn't and the reason for that is we've seen the best days for energy. i shouldn't say that i don't want to be parabolic or hyperbolic or whatever the word is you're correct me on that or give me a better word. but the xle has none nothing for five years so, for five years, the xle has not been a great investment. it is only been a great investment this year and i think inflation is really transitory, even though it is longer lasting than we all hoped. >> it is all in a time frame and guy, it is all in the set up why terms of how many people were invested in hoyle going into a year.

and it is all about where energy companies have been over the past several years in terms of investment to pete's point guy, would you be long xle going into next year >> yes, and i'm sorry i'm late to this dance. i'm like rita moreno in west side story but at least she got there and i got here absolutely i t i think crude is going significantly higher i hear what steve is saying, politically nobody wants it to happen and as citizens we don't either but i think it is a foregone conclusion. look, the crude move to the downside in that friday after thanksgiving was two fold. the variant was one and then the spr release was two. but i think both of those cats are out of the bag and i think crude is going to continue to trajectory higher. so i'm with pete if pete thinks crude is going higher and i'm with him and i think you want to be in these names. and last night, we had somebody on that talked about two of the names that pete talks about all of the time and one of them was williams, i believe, and the other correct me if i'm wrong, i'm losing the name, i

apologize, but it was another company that you power pitched a number of times. so i think you want to be in energy in 2022. >> we want to move to the next chart. and since guy was late he's going to go last bono wynn, what is your chart that you're watching. >> sorry, guy. i'm looking at bitcoin and gold. and early on you really saw a lot of divergence between the two asset classes and as time has gone, and bitcoin and other crypto type of names have become more ubiquitous, you've seen that correlation strengthen. and for me this said not only is bitcoin more universally adopted but being used as a new storage of wealth. and when we talk about where is growth going to come in the next two years, five years and he may need to look outside of what our tradi traditional scope has been and look to this new universe of nfts and metaverse and names

that are going to be correlated there. so i think it is speaking to maybe a somewhat of a changing of a guard or at least a new pocket of upside potential. >> and speaking of crypto. we'll have much more at 6:00 crypto night in america. so stay tuned for that pete najarian, where are you on the bitcoin or a token for 2022, where do you see the opportunity? >> right yeah, absolutely do you think there is upside there. as a matter of fact i listen very carefully when tom lee is talking because i do respect him a lot. and i think guys do as well. he's been on the air for a long time and one of the first macro guys to embrace the bitcoin, cryptocurrency world because of that he has nor more knowledge than the others and has more history he was looking for 100,000 this year did it happen? absolutely not it got close we got up into the 60 ,000 range and he spoke us with at the rebellion and he thinks it is

going to be 100,000 before you could blink and go higher than that that alone tells me the thoughts on bitcoin but i think cryptocurrency itself will continue to see more and more of an adoption and something that it was the jamie dimon of the world. >> sorry to interrupt. we have some breaking news we want to get to the verdict in the ghislaine maxwell trial. >> and ghislaine maxwell, jeffrey epstein's friend has been found guilty on five of the six federal charges against her in a court of law. there were six counts against her. counts one, conspiracy to entice individuals under the age of 17 to travel engage in a sexual activity and guilty on three, four, five and six and not counts the big count is five, conspiracy to commit sex traveling of individuals under the age of 18. >> that charge alone could be up

to 40 years in prison. five to ten for the other charges. so ghislaine maxwell, formerly with jeffrey epstein, has been found guilty in five of the six federal charges against her in a manhattan court, melissa if uphold, unless she appeals, she's looking at likely decades in prison. ghislaine maxwell is 59 years old. guilty in five of the six federal charges against her. >> thanks brian sullivan for that quickly to go back to you so you could finish your thought. i'm going to take issue with your map 60 k is not that close to 100 k. but go on. >> considering where it started, starting the year. it made a nice move to the upside i think we'll see more and more embracing of cryptocurrency. not just bitcoin, so many others and you mentioned tokens and everything else. i think we'll see more of that into the future. we're already seeing that being adopted in a lot of different other categories in the financial world so because of

that i think it is the currency that people will moreoch than not be moving toward and because of that i think it will go higher. >> guy, what is your most important chart for 2022 >> well, i believe, i love this game by the way, i think it is the two ten spread which everybody is talking about now something we have been talked about for the last 18 months but it is back on the forefront and from to about 80 basis points in a month and a half to two months and i think it will continue to ramp higher. it is a question what happens in the back end of the year if the ten year i thought we would see 2% by the end of year and that was wrong and i think we'll continue to ratchet higher and i think by the spring this two ten spread was about 75 basis points, so around 25 to 30 and i think it is going to be in the form of sort of 1.4% 1.75% in the tenure. we'll see. but i think that is what is have you to watch early in the 2022. >> implications on the financial

trades, steve? >> well, i sort of agree with rita on his two tens spread analysis there but i would say that, that implications would be negative for the financials and i have a value, a couple of names in my portfolio that i'm hoping for that spread to really ramp and to really widen out and i'm hoping for rates to increase not to -- to a tolerable level for the markets. but the problem i'm seeing is that to guy's point, that ten-year can't get out of its own way. so maybe that is indicative of the markets sniffing out lower growth in the future. >> i hope pete breaks out in "west side story" song, there is still time in this hour. we have to get to this developing story on biogen the stock soaring on reports that samsung is in talks to buy the company for $42 billion.

the errors sending biogen and the ibb nasdaq biotech etf into the green today. joining now, oppenheimer gerald holts. what is your take on this report >> thanks for having me. happy holidays i think there is obviously some support for it from the street, the market giving the stock a bunch of credit this afternoon. the timing is a little bit off, you know, the health care community usually looks for these deal announcements right around the beginning of january and into some broker conferences. so a couple of days early maybe. but it is very reminiscent, if the deal happens, of celgene andaler gan and alexion where the large cap biotech companies trading at very, very low multiples get taken out. >> who would be next we saw not just biogen go higher as we mentioned, so who is the logical next sort of candidate if biogen is taking out? >> it is so difficult, there

aren't that much large cap bioteches left i look at vertex as take out as they've been mentioned and speculated in the past given the pipeline and drugs in the market but those two given where they are trading now do make some sense and there is close to $500 billion worth of m&a fire power from large cap pharma companies to do something. so those two resonate, horizon, pharma and hdmp is another one thats continue to talk about, and countless others in the public and private realm in biotech that are smaller. >> it is interesting, over in june we saw biogen and you know this, trading north of $450 on the back of alzheimer's news which was historic we talked about it on the show, i remember the day i would imagine, maybe you could push back. if biogen were to be bought for $42 billion, i think that is way too cheap given the potential

upside they still have >> oh, i agree with you fully. i think what is going to happen here, in order for biogen shareholders to feel like they're getting any sort of value in the company in the same right, would be some sort of cbr or carve out for future alzheimer's drug development and clinical trial data which we are going to have in the second half of next year roughly so if there could be a carve out of value, another $50 a share, $100 a share, whatever it winds up being, that could be a kicker that gets this thing but the price paid now is a far cry from the highs we saw in the news. >> you mentioned the enorm ow fire power that big cap has in terms of theability to make deals, would you be an investor in say the xbi, some of the smaller names just because as you mentioned, the bigger targets are -- there aren't too many out there >> i think so. this is been the most

frustrating trade for health care investors this year by far, i think. myself included. just sort of like realizing how poor this sector could do versus the market and there has been a decent amount of news, including m&a, we've had half a dozen takeouts announced just in the second half of the year i would be the one thing that gives me pause and i commented on it a few times because it is just this investment psych until private biotech, which i think has taken a lot of capital out of the public arena and into these privately held companies that is the one thing that i'm kind of looking at and the one thing that makes me a little bit his tant but long-term, for sure, i think the xbi here is a great trade. >> jared, great to get your thoughts, thank you so much and happy new year to you. >> you too thank you. peter, are you an investor, it is been a miserable, miserable year until today. it was egative. >> yeah, it is unbelievable.

especially when you look at pipelines. they have 30 new drugs coming out and nine in final stages and when you look at where this is trading, and guy mentioned being north of $450 and after a big jump today that the fact that is even got over 250. so i think they'd be stealing this one i think there are a lot of great names that could make some acquisitions but they've been attacking the private sector that is the way to go. and that is been kind of the end around, around various company where's they're paying less to get something very, very close to what we're seeing that is already on the public market. >> guy, it sounds like you think biogen is cheap at this point. what do you like in it it just had to slash the price on the alzheimer's drug to help insurance companies say we might pay for this thing >> no, i understand that but i think they got way too much taken out of the stock in terms of pete, pete is spot on there is more than just an alzheimer's name here and i think the market punished them

way too much in terms of that move from 450 down to levels we recently saw and you see the upside alzheimer's, that is the holy grail right now for biotech. and somebody figures it out and biogen is about as close as anybody, i think a $42 billion price tag is probably half of what it should be trading. so if there is a carve out on the back of the news as mentioned, that makes sense. but just as a straight deal here does not make any sense at all to me. >> coming up, is the fin tech hype fading. investors block into old generations so who is best positioned for future. the details next plus it is time for cnbc quarterly stock report your most pressing market questions answered and where do our traders stand. 'll find out when "fast money" returns. don't go anywhere.

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to be brave. to show up. for staying connected. the questions they weren't able to ask. show up for the first day of school, the last day at their current address. for the mornings when everything's wrong. for the manicure that makes everything right, for right now. show up, however you can, for the foster kids who need it most— at helpfosterchildren.com welcome back to "fast money. as we get ready to ring in a new year, it is out with the new and in with the old for fin tech investors. ze zeerd raw is here to explain it. >> it is the buy any pay later and crypto and digital payments an the rise of the retail investor. it wasn't enough to sustain value ations and robin hood and affirm and sofi are

down well visa and mastercard are up 10% in the same time frame investors have been excited about the young active user base of the upstarts but when it comes down to it robin hood relies on users to tradeoch big meme events and coin base, neither have been that successful yet in cross selling products even a sofi which has had more success in upselling or cross selling has seen shared tumble 52% from the 52-week high. today they talked about how real lasting disruption in the fin tech space will take time. so the thinking for now to be that the legacy players like visa and mastercard, they will continue to benefit from old trends, resurging like cross border transactions, long-term, this could be an opportunity for some investors like kathy wood who believed that technology, crypto, decentralization will

disrupt the older models back to you. >> thank you bono wynn, where do you stand on those old forces and there is cross over and i think almost every financial institution needs to find its way to becoming a fin tech company if it hasn't already. so which one would you like to inve invest in? >> we've talked about this before it is not an all or none approach as we return to normalcy, the in-person transactions bode well for the traditional players. but as the alternative, as i said before, metaverse or even sofi in terms of their disruption in terms of the student loan market, i think that you're going to see traditional players, if for so other reason as a short interest, these are still acquisition targets in and of their own right. s

so i still think it is a bit of a mixture there. i mentioned axp earlier and i think it setz up in the short but i wouldn't shy away from names like sisv. that is another broad space. i think it is got like three buckets where they are getting about 30% to 35% of the revenue in each one of these so i think it is not an all or none approach. >> where would you want to be positioned in 2022 grasso, because even though we're comparing it on a month to date basis and visa and mastercard look grand in the past month, for the year they're under-performers versus the overall market it is a tough year for these two. >> it feels like this is definitely year end window dressing to me where you see that sell of affirm and the buy of mastercard and visa by the way, mastercard and visa are flat year-to-date. but to bono wynn's point, axp, american stress up 35%

buy now and pay later takes a chunk out of debit but not so much credit. so i think that is what we're seeing during the whole year and axp was not hit, it was up 4% in the last month as well so i would be positioned, i think you're getting a discount in affirm and buy that going into january, i think that one will perform and i think axp will continue to outperform and then if you get that corporate travel, eventually that has got to come back american express is the corporate card of corporations i think that is the one you want to stay invested in. >> when things picked up, they went down again. guy, where would you be? >> i don't know if it qualifies as fin tech, but i think paypal here is too cheap. i think it is building a base around the 185 level if you go back and look this is where we took off from in the fall of '20. but i think sofi, they've gone from 14 to 25 and here we are at

14 again and i think this is too cheap. one of the reasons might be spacs are clearly out of favor i think they get lumped into that category. but i think anthony notal has much better days ahead and i wouldn't be surprised if this is a acquisition of a major bank and anthony running that bank. s so i think it too cheap. >> didn't you pitch paypal recently. >> and i love this one and i bought it not too long ago at the beginning of the month. and one of the reasons is they've embraced the crypto world with wallet and made an acquisition with venmo and they were on the forefront. where they too expensive at 180 i think there is upside and they could grow into a little bit of what they've done because they continue to acquire, mel i love seeing that american express, the reason it has done so well versus visa and

mastercard, way too cheap. when you look at p.e., it is not even comparable. i think of those fin tech names that you have up there, i agree with guy, i think sofi, that 14 level is probably too cheap and i own some options, i think there is a stock that could go higher and maybe bounce back up to those levels that guy was talking about where it is been twice before. >> we're justing started here on "fast money. here is what is coming up next. >> oil's next move, the biggest risks, should you invest in the metaverse, cnbc's quarterly stock report has the answers but where to the traders stand. plus the s&p making some big gains this year. but not everyone is coming along for the ride so how should you play this year b'sig laggards? there is more "fast money" coming up.

welcome back to "fast money. from market risks to oil prices, cnbc out with the new stock survey network polling about 400 wall street pros who manage money and now we're throwing out a few key questions to the "fast money" traders for their views. so question number one here, what is your biggest market worry in 2022? so please take out your white boards and your markers, hopefully not permanent markers and write down your answers. all right. bono wynn is still writing markers down we ran out of time all right. so here is the big reveal. 53% said inflation worried them the most 30% said it was the fed rising

rates at the wrong time and 17% said covid so hold up your white boards nobody wrote inflation all right. but guy, that was interesting. so you think geopolitical is a top issue? >> is that what that means does it mean russia, ukraine, taiwan, if that is geopolitical, yes, i do. i think people are underestimating it. >> let's get to question number two here can you -- so now it is time to erase your white boards. where do you expect the 6500 to end in 2022, please write a percentage down, time starts now. you have to write a number down, guy. all right. markers down it is taking a long time for you

to write things. okay so let's hold up your white boards let's start that way this time all right. so all across the board from 5% up, guy, to 11% up from pete 55% said up less than 10%. almost a fifth said up 10% to 20%, 13% see a losing year so steve and bono wynn seem to fall squarely into our survey here next question, this should be easy but pay attention it is multiple choice. which tech area will outperform next year? i'm going to say the categories slowly crowd, hardware and semis or software please write one down. okay markers down hold up your white boards, please hold them up okay each of you picked something different. now for the reveal the majority said semis.

pete, you got that one coming in 34%. it was followed by software cloud and hardware semis. interesting. and here is the next question. this is on oil this is sort of pete's prediction but where will oil finished in 2022 i know it is challenging wipe the white board off and write your answer down we're asking a lot of traders tonight. where will oil finish in 2022? there you go guy hold them up 110, high end of things. official survey said 88% said under $80 a barrel 10% expect $100 or more. 2% said under $60. so grasso, you sort of got that one, according to the survey and last question here is are you investing in the metaverse right now? are you investing in the metaverse right now. okay write your answers down.

okay markers down too fast for you, guy? hold up your wirite boards. >> no. >> he's still writing. okay 47% said they are in vesting in the metaverse. 53% said no. so i guess seriously, which is guy's answer on his white board would be in the no category. and, yes, to question marks and grasso that is an interesting response as well so, coming up. coming up, the market has made some big moves higher this year. but not everyone has been so lucky. so we're digging into 2021 big laggards with a good old game of trade it or fade it. that is next plus shares of the retailer target climbing but what is behind the move and we have the details coming your way. >> get your trades to go with the "fast money" podcast catch us any time, anywhere. follow today on your favorite podcasting app 'rba rhtftwee ckig aer this. (soft music)

hey dad, i'm about to leave. don't forget your hat . good morning. how can i help? i need help connecting with my students. behind every last minute save, ok, that works. and holiday surprise, thank you! a customer service rep is working unseen, making it happen. and at genesys, we're proud to help them help you everyday. welcome back to "fast money. the s&p 500 closing at a record high for the 70th time this year but not all stocks could count themselves among the winners check out the names down double-digits for the year

alibaba, pint esther and let's hear from the stock market studs. a.k.a. our panel are these names due for a turn around let's play a game of trade it or fade it. and we'll start off with alibaba. cut in half this year. so is it a trade it or fade it >> trade it. how come we didn't do that part. i love that. all of the fun stuff i'll trade it. and i know, look, i get it i see what is going on with the chinese. they continue to crack down. every headline that comes down knocked the stock down another $3 but since halloween of 2020, boo, by the way, when the stock was north of 315, you have had rallies on the upside in the declining trend. i could see the stock trading up to the mid 130s so i'm trading this sucker, mels.

>> pete, what do you say trade it or fade it. >> i have to fade this one sorry, guy, we're usually on the same page but in this particular case, when i look at didi and my only luck and coffee and are the regulatory, when you see what this country really does, let's be honest, these guys are not capitalists and they have control, when you look at something like k web and where it was at the highs of 101 and it drops into the 30s, it gives you a little idea, baba is the largest percentage in that international etf. i think there are too many problems i think it is best to stay away. i think you have to fade this. >> next let's get to a casino stock which is las vegas sands trade it or fade it? >> i'm trading this one. i do prefer mgm but i think the variant has proven more mild than thought and starting to is he pick up from traffic in vegas. and speaking of the chinese, there is the upside on the

ruling of macau. >> grass our your take. >> i'm going to say fade it. i believe that he's right on a lot of his brief bullet points the only thing that is good about las vegas is it is sitting right at support if that breaks you're looking at almost $10 to the down side. so that would be horrific. and you mentioned macau there, i would stick with mgm. >> your strong on the the white board tonight, grasso. you use the white board. >> can't get away from it. >> you'll be at dinner table holding that thing up. pass the salt, please. let's move on to beyond meat, guy, trade it or fade it >> well speaking of passing the salt, that is what you need. i'm not a fan of the product you know what it does to my constitution but if you look at where this just traded down to, you have a chance for a huge double bottom and a bounce i think piper just initiated the

name i think you'll see some naumts upgrade it just on valuation loan so i'm trading this sucker. >> see what you do there double bottom. >> okay. bono wynn, trade it or fade it >> i better watch my back following the godfather. but i'm fading it. the fundamental and technical back drop are not good here. burning cash, compressing margins and they've tried over and over again to get partner shirps and there has been no follow through so why i do buy into the long-term technical trade or of alternative meat, beyond meat is just not performing. >> and pinterest pete, what do you say, trade it or fade it >> you know, i think you have to trade this one it is been knocked down, yes it was trading at a ridiculous p.e. and now it is more tolerable at $34 i could see the growth, they're folking on the international side of things and getting far more efficient with advertising so i think it is bottomed and

ready to go to the upside. >> grasso? >> it is a fade it for me. so for one month, one month performance is down 11%. three downs down 28%, year-to-date down 48%. and paypal kicked the tires and weren't happy with the sponsor the fundamental an you usually see the bids come in after a broken deal. we haven't seen any of that. and i think the that fundamentals do not support the stock going forward. >> and speaking of fading. cramer's charitable trust is trimming its position in abbvie after the big jump this month. read about itin the investing club newsletter, sign up right now at cnbc.com/investing club or use the qr code on your screen coming up, bull's eye. shares of target heading higher and adding to an impressive week for for the retailers. and out person forming the broader market and options traders could bet on more gains in the new year. he e details when "fast money" returns

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the tape today, up more than 1% at close shares of the big box retailers have been outperforming, jumping 3% this week guy, what do you think is behind it >> piete knows more about this but double tops scared some technicians an traded up to 268 and failed and pete will back me up at 6.5 times next year's numbers, taos to cheap if you like costco, i understand they're different businesses, i think you have to like target here the stock has sold off significantly and found a home at these levels and over the last couple of days starting to make the move. i think you'll start to see analysts raise the price targets again and i think target in 2022 could continue that journey we saw at least into november. >> it is a minnesota-based company and by extension it is one that pete has fast pitched in the past. so what do you make of this move and what do you think about it going into next year >> well, i'll tell what you is ironic about it and guy was just

talking about when he saw the dip and started to make that move that is exactly, last week on my birthday, i bought more shares of target and i added my position and it made no senseto me whatsoever, mel, that the stock got sold off as far from 268 down i understand technicals mean something. so that is what i think was part it of. and also sp profit taking in there. but when you look at growth and the free cash flow and guy was talking about their forward p.e. is between 16 and 18, it is just way too cheap. this is a stock that i think deserves to be a lot higher and margins continue to get better and better and better because it is no longer just the essentials that we started off with during the pandemic, now people are going more and more into the stores and i'll tell you just about every other side of the digital business is crushing it. so i think this is a stock that was way oversold and has more room to the upside. >> walmart or target, bono wynn? >> right now, target i mean it is a few -- it is a few terms cheaper, so it is just

a pure catch-up play same thesis, cheaper. >> grasso. go ahead. >> if you take it a step further and look at the options market, you could see that is also kind of leading here. if you take a look at the deck 29, 478 calls those were over bought 250,000 times that is a mass ifr options bet. >> grasso, stay in the lane of big box, please. >> i would be a buyer of costco. costco's chart looks priceless to me. it is up 50% year-to-date but has not given anything back in the last month or three mows i would be a seller of target and i'll throw one to pete and a buy of tjx and then a wild card. ross stores. rost that has been an underperformer. but this is one that is going to benefit when the supply chain unlocks, people have too much supply and that is why it is been sold off, because they didn't have enough that is is the one that you have

to look at rost. >> off the board there, grasso but that is fine cox up, financials up big this year and that is as options traders are making big depituto. we have the details next when "fast money" returns

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welcome back to "fast money. check out the xlf financials etf finishing almost dead flat so why are we showing you this the etf is up more than 30% yaet and one options whale just made a huge bet that 2022 will kick off with more gains. tony joins us to break down the action hey, tony. >> hey, melissa. xlf, this is the etf where we saw some sidable bullish bets going into january expiration. where today was a fairly quiet day because of the holidays. but bullish activity of calls outpaced puts by a margin of 1.6 to one an one particular trade accounted for almost 10% of the total volume today, where a trader bought just shy of 10,000 contracts, 9,848 contracts of the january 39 1/2 calls for about 62 cents just to understand this. this is a trader that is laying out about $600,000 in premium to

control a notional value of about $38 million betting that financials will rise by at least 2% between now and the january expiration a simple options bet to take a bullish bet for financials into next year. >> pete, did you notice this and i'm wonder if that is your interpretation of this trade >> yeah, absolutely. it is. and as a matter of fact, i did see that one and we've had some buying in individual names part of that xlf as well. we had some citi buying here the other day. and most everything else has been really short-term they've been actually going out a little bit further getting into january and deeper into january, going all the way out to march when it was the city group. >> that is interesting because that could go out to possibly close or including the fed meeting, guy >> yes >> yeah, i think berkshire hathaway is a big component of that but jp morgan is second i'm with pete, i think the

all-time high was $4.80 and it will continue to grind higher and i think citi trading now either side of 73% of tangible book is just too cheap i thought that for a while and it is gotten bludgeoned but i think citi is worth a look in 2022. >> the yield curve stays kind of flat, grasso you want to be in financials >> no. you don't want to be in financials but to guy's point, berkshire's chart is the only chart that actually looks at a productive in the space right now and it is the number one holding it is 20% of the xlf jp morgan is the second at 10% every other chart looks like a series of lower highs to me. so if you want to -- if you are forced to be in it, then you buy berkshire straight out but i think the xlf is probably the bet, that that options trader is making is that rates that the yield curve will steepen and i don't think that will happen. >> tony, if you're still there, do you see a lot of options bet

on berkshire is that the -- the baby berkshires >> i haven't seen anything on berkshire. but i did notice today we saw quite a bit of bank of america in addition to citigroup so from my perspective i like picking individual stocks bank of america and wells fargo are on the top of my list. >> bono. >> i like jp morgan and morgan stanley. i think they hit the nail on the head and they're working through the integrate of e-trade and everything else. but i think once they get through that, i would look out i think there is upside there. >> tony, good to see you we will see you on friday. friday being the full "options action" show catch that friday at 5:30 p.m. eastern time spend new year's eve with us, or part of it it is time now for the final trade. so let us go around the horn steve grasso >> apple is going to be my final trade. i've been long this thing

forever. not as long as pete has been i think it is big for a.v. and v.r. and hardware. but apple, final trade. >> again with the white board. can't take that thing away from you. bono wynn? >> all of this talk about rates and inflation and no talk about dxy, i think it is been ignored. take a look at the dollar. >> pete najarian. >> i'm so convinced about oil, i'm going to give you devon energy we've seen more and more energy stocks returning into the unusual options that we monitor each and every day i think there is a lot of different names but i like the beta it is a three beta so that is why i want to have that stock going to the upside. >> guy adami >> mel, some viewers want to know what your thoughts are, i know you sid it on the twitter. >> i did. >> but is aaron rodgers going to stay in green bay or do you think he goes to pittsburgh for a couple of years? >> i said stay >> you're so spot on by the way, pete would have been a great tony in west side story. he probably was at one point

but what a lot of people don't know is the meeting between riv and bernardo was not in a local drug store, it is way dollar gen. dg going higher. >> i was wondering where that is going. that does it for us on "fast money. crypto night in america is coming up next ♪♪ ♪♪ ♪♪

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tonight, is past performance just prologue for bitcoin? we mine for answers in the new year then, investors might be cuckoo for the asset class, but which coins are make or break for the etf? plus, who needs ahouse in hackensack crypto night in america starts right now. >> and welcome to crypto night in