week, if they go bigger, 500 million barrels in the strategic petroleum reserve -- >> and international partners. >> and oil keeps going up and market going down. >> that's going to do it for us on "closing bell." "fast money" begins right now. >> live from the nasdaq marketsite in time square, i'm melissa lee, tonight's trader lineup guy adami, tim seymour, dan nathan and karen finerman will join us shortly apple's big reveals, tim cook taking the wrap off the new phone but an exclusive friday night baseball investors yawning, we'll tell you how apple and tech can get their mojo back. plus last night we told you mcy d's is keeping the door's open in russia, today decided to shut it down, the details on the symbolic message. sun is shining

on invest co solar time to get a tan. the mid it day rally sharply dow dropped nearly 600 points. but easy come easy go, markets finally ended the day in the red. so tim what happened on the mid day call. >> i think we said it two different ways, dan said, look, i would be concerned if this market -- at inter day highs we had the production call -- he said i'd be surprised if this market finishes lower down on the day, and i said i wouldn't be surprised if the market finishes down on the day the headlines were, look, we want the 4headlines to turn around but you look at the technical damage in the market, what was going on with commodities any day equity is rallying and oil is up 6 to 7% is not good for equities guy talks about the move in the

volatility in the treasury bond market five of the last six days with at least 15-base interday move -- the commodity complex is eroding spending power by the second we have central banks, if anything, the urgency has been greater for them to work yet inflation expectations have been driven higher interest rate expectations have actually come in off where we were three weeks ago when people thought central bakes would be more aggressive on a week we got -- sorry in a month where we got a fed meeting band to digest some of the interest rate policy, interest rates and markets are doing the fed's work for them. it's fascinating time in history. >> what were the headlines to spark the mid-day turn around? was it biden's oil ban, largely symbolic, the -- >> i think everybody wants to see a deescalation and want to

see off ramps for russia so the biden thing i think was fairly well-telegraphed that we would ban that the uk came out earlier in the day and said that and we seen oil stocks and crude come off a little bit which seems counter intuitive. guy as been saying aptly that will nearly create a near-term difficulty as far as supply, as far as markets mid-day it felt really squeezy i looked at the way things were rallying like a knee-jerk reaction for stuff that was very, very over sold there were certain parts of the market we'd focus on if we're trying to figure out how the stock market bottoms with all of these cross currents and risk assets, i've traded equities for 25 years, all that we talk about, rates, commodities, it's complicated stuff, i'm not here to tell you i understand all of the inner workings so i try to

drill down sometimes on the stock market and onething that had me concerned is the under performance in jpmorgan, it was performing worse than all its peers when the market was at its high up 1.5%, the s&p 500, it was up less than the market was. and the other ones i had been really focused on and we were talking over last couple weeks or so is name like apple, mega cap tech names that haven't suffered the way others and were under performing relivie tiv to the market. >> you look at citi down 18% in the past month, karen, what's the take away for the overall markets? >> so, i think -- clearly it's a negative but when i think about why are the banks trading down, obviously we look at the 210 and that spread has condensed a lot, maybe on its way to negative, who knows. so that's part of it but i also think the muscle

memory from the contagion in 2008 of credit quality and even though we think and probably are pretty isolated from direct russian exposure to a great extent, maybe citi group the most but not a big amount, that we are still afraid of that, we're interconnected, it's a global market so that weighs on if and of course if the economy slows loan growth doesn't grow and credit quality comes into play all that together, i think along the banks, but it makes sense to me, i don't feel like this is crazy they shouldn't be trading down i get it i understand why they're trading down i don't think it's crazy but was a really interesting market today that huge rally we had made me feel like we are so, so poised to have a gigantic rally if we can just get a whiff of good news i think the news about the nato them willing to say we don't

need to be part of nato was maybe a little bit old, maybe they were willing to seed some of the separatists, i don't know, but we are so hungry for any kind of positive news. i bought some spider calls at the end of the day just feeling like, you know, we're so poised for a giant rally. >> so here's a question, and this will be premature, you know, knock on wood, i'm not impacting the outcome, i'm sure i'm not. but guy, let's say there's a cease-fire, tomorrow, what happens to the markets does thatrally -- oh, excuse me -- what's the lasting impact of the market especially with the feds ahead of us >> well, i think the knee-jerk to karen's point, if peace were to break out magically you would see that mind-numbering rally. we talk about it all the time, some of the strongest rallies are in markets that are heading lower, those counter-move rallies are very violent, and could problemry see one. you saw one today.

but today was an interesting day. karen said it. i will point out good things, russell was higher that's a good thing. iwm held in pretty well. the vix i understand it's elevated but it closed lower on the day. still 34 handle i get it but you take something away from it. those are not bad things the bad things are h y g as an indicator closed at a 52-week low, not particularly good to answer your question, to me, this all started over the summer an really started to pick up steam late november when the fed changed course again, we're in markets now, liz young from is sofi talked about going from market people buy sell offs to people people are selling rallies you saw it over and over today. >> yeah in addition to small cap we saw bombed out bio techs up today. >> yeah, this was --

first of all, coming from a very over-sold condition. i flag sammys because i think they're the chart to follow at one point over 4% still up over 1.5% but the chart set new lows yesterday, that's some of the technical damage back to banks we had two days yields spike higher. yes yield curve is flattening, i think it's a matter of time on the inversion. but really we wondered what the banks are telling us, no question on a day banks are down and yields are up this is concern about the broader economy, concern about european banks, i do think the dollar is going to 105 on the dixie, i think last time elevated above 30 was 10, 11 years ago when there was a lot of pressure on the european banking sector and stock and bond yields. that'swhere you get gold rallying like it is, think i we're there. >> we just talked about all the fancy, kind of macro sort of things, we haven't even talked

about yield curve inverting, we see 210 spread at 25 basis points and last two times we saw it invert is important, a lot of people say the yield curve inversion you usually see recession after, forget that because you know what, we worked our way out of a resession in early 2020 by throwing trillions at it. my point is we're here to talk about the stock market, risk assets and make no mistake both times the yield curve converted in 2006 in we did see market top in 2007, market cut in half and next time 2019, black swan event pandemic, no one could expect that but s&p 500 did go 35% lower and right here s&p down 12 to 13% there's not enough damage there, if you think there's weird stuff going on -- again, i hate to use the word weird but you pushed back on it the other

day -- but the point is, there's a lot of stuff going on, a lot of people who know about markets an can't put their finger on it and s&p 500 down doesn't take it into account. >> 50% of nasdaq stocks down 50% or more but not apple. apple is far from it chris brought it up yesterday that he thinks apple should fall before we're done with this damage to the markets. >> you know, you get people obviously hate when you sort of say anything negative about apple, i get it, when apple, it seems like each month it makes a new all-time high but it has had meaningful set offs in the last five years and the thing important point out, dan talks about all the time, wonderful company, when apple was a growth stock six or seven years ago was trading at 12.5 times forward earnings now that it is a value stock, by any stretch we can agree given the earnings growth and revenue

growth stris trading at growth stock valuation, doesn't make sejs s&p is coming in maybe a little bit rich talk about apple, close to 27 times next year's numbers, that's expensive in this year's environment. that's just factual. you can come at me on twitter with the apple hate but facts are facts and that's what we're looking at right now. >> we'll have more on apple later in the show. crude up 4% today. wti at more than 20% in the last week let's bring in paul sankey, sankey research to talk about the potential blowup paul, great to have you with us. the ban on oil was telegraphed, most people expected it, it seems, also, largely sort of just ceremonial to the extent that it doesn't immediately come off the market so how much more will oil go up do you think >> yeah, i think we're maxing out here, i really do. you're going to head to a

situation you're going to get shortages in europe and above all, as you mentioned from today's ukraine not seeking membership from nato's story what we'll seeing out of washington and other sources the fsb, the former kgb, russian intelligence, is actually some of it is working against putin so this is turning into an absolute military disaster as you can see from some of the reports from some of the commanders that are being killed, that's the basis for why people think putin's intelligence is working against him now because they're taking too many losses of senior leader and they think they're suing for peace here and looking for a solution and hopefully will get one. you saw the ukraine story putin saying i'm banning exports of commodities, i think that was part of his negotiating position so i think potentially you're maxing out i'm nerve to say that because

last time i was on i said we can short oil, i didn't think putin would invade it was a quick cover on that, soon as he went in we were clearly going high so for once prepared to say short oil, long tech here, the first time in two and half years i've said that you know i don't think we can go a lot high er simply because we're maxing out how much tighter europe can get >> you're completely reversing. >> trade call definitely. >> what is the russian ukrainian premium in oil right now >> that's an interesting thing because everything on underlying basis is so tight. got to 100 based on fundamentals you can say the last $30 is all the risk here. >> paul, it's tim, thanks for joining us last time we had the spike in 2008, russia had invaded georgia. you had crack spreads startsing to compress and nat gas

inventory that were actually a lot higher, we have dynamics to me say we could go higher. oil and energy in s&p was about 16%. we were at a all-time high when it happened, we're at 4% now doesn't this all lead to higher oil prices. >> i think on an underlying basis clearly added risk to oil. couple bullish things, first, we have low employment in the u.s. and crazy oil demands in numbers. and second in the past day china raised its gdp target this year to 5.5%, enormously bullish for oil demand we're looking for the break point of demand, it's busted in europe, it's done, people are flattening the curve by using less oil, that's how bad it is in europe, 7 to 800 a barrel equal to european gas so you're maxed out in europe it's a damaged situation but i'm

hopeful we can get peace that case, go back to what is happening on an underlying basis i'm still bullish about the u.s., certainly with the chinese party conference coming up, if they want 5.5% growth this year gdp they're going to go for it it's really fascinating. last time got to 120 and saudis said this is too high. we're going to bring it down did an extra $10 upside from fundamentals and then $20 speculative spike to 150 and then we were cooked and the next stock was actually 27. i'm not saying we're going that low because i don't think there's so much liquidity in the world but think we're maxing at 150. i don't think we can go higher, personally one ofthe things, people talke about 300 the top, you can't do it, it's financially impossible et cetera

>> you've been covering the oil industry for decades >> 30 years. >> so it is decades, plural. -- >> times of this extreme volatility, oil is up 7% this week, 26% last week, what happens to funds out there we've been talking here, i wonder if you are hearing anything about commodity funds broadly whether it be oil or fund that's trade things like wheat, et cetera, being on the wrong side i mean, who would have predicted this sort of volatility >> yeah it's a disaster. one thing people have been saying about chevron, is this thing moving, it's obvious major short potentially getting blown up. if you look at chevron's exposure to kazakhstan it doesn't make sense i can understand things like halliburton and service companies ripping off but chevron was already record high

and went parabolic and the nickel story has metal trading suspended. it's a time we expect to see blowups in pretty much everything in commodities and someone somewhere is hurtsing. there's a huge amount of pain out there, no question. >> paul sankey, thank you. >> always a pleasure. >> gold settled third highest close ever nickels futures trading for the first time ever today's. wheat rising again after six straight days of limit up. it was actually limit down in today's session. guy, at one time you traded gold this is extreme in terms of commodities. >> well, for gold it's not but for commodities absolutely for someone to say they've seen this before, nobody's seen this, especially in nickel tim talks about standard deviation moves in the market

two or three, but nickel had 30 standard deviation move, nobody's seen that before so they had to shut it down karen's answer on the banks was great. some other thing going on, don't under estimate they could be blowing up the commodity world, hedge funds, all kinds of things, that's the next headline, such and such blew up in the base metals world because it's happening before our eyes but speaks to everything paul talks about. by the way, he's probably spot on in terms of crude it's not a bad level especially in oih which has been ripping to take some money off the table. >> karen, what's your take on oil? paul is trying to make calls where it tops out but sees more risk to the down side than the upside at this point >> well, you didn't want to -- after you good-byed the guest didn't want to bring him back but wanted to ask if peace

breaks out tomorrow where does oil go and it wouldn't surprise me if oil was down $25 on a very, you know, on a very bullish peace announcement at least and then from there, probably lower. but you know, just one thing i looked at today glen court remember we talked about glen court in the crash of commodities, i got to think this environment is fantastic for them if they do not get stuck and keep trading. >> yeah, sorry for talking over you, but they're fourth largest nickel producer in the world behind dhp, volley glen course is your canary on volatility up and down it's been horrific. >> be sure to catch the special cnbc program oil shock tonight at 6:00 p.m. eastern time. coming up dollar tree having its best day ever.

boosting one of guy adami's favorite stocks. is the spices? the greeting cards stale candy? and later, apple new products what it means for the stock, stick around much more "fast money" straight ahead. now you're talking. 97% of ameriprise clients say they feel like their advisor cares about their ability to achieve goals. ameriprise financial. advice worth talking about. hey businesses! s our best deals on every iphone - including the iphone 13 pro with 5g. that's the one with the amazing camera? yep! every business deserves it... like one's that re-opened! hi, we have an appointment. and every new business that just opened! like aromatherapy rugs! i'll take one in blue please! it's not complicated. at&t is giving new and existing business customers our best deals on every iphone. ♪ ♪ make fitness routine with pure protein

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welcome back to "fast money. the retail space holding on to gains, popping 2 plus check some of these stocks, higher after hitting 52-week lows earlier in the day. karen, what do you make of the strength in this area? >> i'm a little bit surprised, actually i mean, tj x, maybe, although tjx, you have to go to a store they don't have an online business so that's -- i'm a little bit surprised i'm looking at luxury as well as lower-end ones, luxury although people can still afford it, a name like louis vuitton down 25% since the beginning of february on people feeling their portfolios are a lot lower, not feeling as wealthy as they were, i got to think that goes all the way down from the highest end

customers to the lowest end customers, if they drive to the mall i think it's bad. they're cheap. the ones with great balance sheets will be fine. >> it would make sense if the mall stocks could feel the pain first, although macy's up 8%. >> i think there's a fair amount of pull forward and restructuring in the mall stocks that frankly went into covid in bad shape and got worse before the backdrop really changed for them i do think there's a case for all this consumption, destruction we're seeing out of inflation there's brands like lulu and nike that i think have a lot of pent up still to go the tailwinds in athleisure innovation are there nike 30 times is something you've been wanting to see same with lulu those are the top two on my list nike from 175 down to 120. price in a lot of down gralds that haven't come with nike in the last month.

>> it's amazing on twitter people are constantly tweeting pictures of their gas prices they're encountering, $4 $5 shouldn't it catch up at some point, dan even at the gas station level you're not going into the convenience store to buy the soda or cigarettes, it catches up >> i guess it depends where we're talking on the consumer spectrum we made the point last night, consumer balance sheets are in good shape, savings at record-highs, that sort of thing, so the whole idea we could with stand a price shock in oil for the time being after $4 trillion were just thrown at the pandemic from monetary and fiscal makes some sense to me. i don't think there's a reason -- you know, i'd be more concerned about a mcdonald's shutting down in russia having close to 10% of sales off line for a time period than i would about gold listen, the price of oil here in america will be transitory because it's a big political

issue in a very big political year we're going to figure out how to get that price lower. >> dollar tree topping the tape, shares up more than 4% i got it wrong before, not the biggest gain ever but still 4% -- looking to rework it's board guy, you like the name a number of things working in its favor between the activist and notion that consumers are looking to save a buck or two >> stars are lining up we talk about a it a while back when that activitiesivist got involved, we talked about dollar gen as well, hasn't performed nearly as well dollar tree reported on march 2nd, okay report, a the love analysts like it, the the average price on the street 165. high 180 so still room to the upside. especially when you have activist involved.

the hidden gem is dollar gen, had a huge move and sold with everyone else and poised to take the next leg higher. >> all right we're just getting started on "fast money." here's what's up next. >> announcer: soil surge, the oil spiking higher in clean energy how to position yourself to profit, that play ahead plus apple is unveiling new products and is enough to launch the stock higher, next we'll break it all down, you're watching fastball live from the nasdaq marketsite in time square watching "fast money" live from the nasdaq marketsite in time square we're back right after this. esg is responsible investing. who's responsible for building esg into your investments? at pgim, the pursuit is on for outperformance. as active investors, to outdeliver with customized strategies, integrating st practices into our investment decisions.

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welcome back to "fast money. check out apples new iphone, ipad air and -- host of new colors but the big event failed to woo investors finishing one percent lower for the fourth straight down day let's bridge in gene, i don't know, it didn't seem that exciting, it seem ed iterative the chip was kind of exciting, other than that, what's the big deal here? >> melissa, to put it in perspective today we're talking about 5 to 10% of apple's businesses being upgraded, compared to the fall event 50% of the business getted upgraded. by definition this will be smaller number of products we look at products across the

board iphone se is a small upgrade but it is a price increase i think that is a critical piece that's getting missed by at the love the investors, fo lot of investors for them to raise price sets the tone for the product demand. it is hard to get hold of apple products, that will be a driver going forward, the supply availability of these products i think another piece that gets lost they keep delivering despite all these head winds, keep coming up with great products despite the fact they've been working remote, supply chain issues, i think that's probably the most important take way here, ultimately they continue to be the gold standard when it comes to putting great products out. i think, again, you're right, 5 to 10% of the revenue doesn't catch investor's attention but i think it's important that they just step back and collectively look at the body of work that apple continues to put out

>> it's karen, thanks for being on today, i ask you this all the time, what's your price target, i believe it's 250, how do you get there between services, hardware, wearables, how do you break that down? >> it is 250 it seems like a stretch case here but i want to kind of anchor back if you assume a 32 multiple on what i think they will earn next year call it 720 you get to that 250, their current multiple is about 25x. i think to go and campaign for a higher tech multiple in this environment seems like i am out of touch but i do believe that if we fast-forward three, six, twelve months from now, assuming we do get through many of these head caches i think we'll see multiple expansion it comes back to that 250 number, it's really predicated on what we're seeing today, apple's ability to continue to put out great products, if they

do that, upgrade existing products, come out with new products and enter new product categories i feel this is going to continue to surprise investors on the upside, not only with earnings but also multiple expansion >> they announced major league baseball, at some point there will be baseball, but the holy great is the national football league, ask it get them closer to the nfl >> it does, it's the holy great nfl, major league baseball is comparable in terms of the advertising revenue versus the nba. and when you think about the opportunity with the nfl, i think that that's definitely on the table here i would put it this way, there's a high probability, i would say, greater than 75% in the next one to two years we are going to see a deal with apple. and it's this simple, the content continues to be king apple is going to spend $10 billion on content this year

amazon about 15. netflix about 20 and i think the biggest opportunity for them really to continue to activate a base of paying subs through the nfl and i will put a little teaser on there too, i don't think they're going to stop with the nfl two to three year from now, i think they're going to do formula 1, a sport i don't watch, but a lot of people do, and it's another example i think of how apple can continue to expand beyond baseball, football and other sports >> gene munster, great to see you. >> thank you. >> it guy mentioned whether apple deserves this sort of premium, whether apple should be priced where it is relative to s&p 500 given its projected growth in the next year, geneti makes a good point, the product announcements they came out with today may prove they're on top of the supply chain still able to come out with this despite what is royaling a lot of the other tech companies

>> or are they raising products on low-end product that's are supposed to be for a larger pool of supervisors bec-- of consumers because they have to deal with the supply chain issues they should have 43% growth that's guidance, the highest growth margin this company has had in a decade. here's the thing, 10%, okay. if the stock goes down 10% to 140 and you think of the way pe multiples have contracted in the s&p 500 and this stock is supposed to have the same expected earnings growth in this fiscal year as s&p 500 that's when you get this stock super cheap, when you basically say to yourself you're not going to get to the price target of 250 any time soon but that's where the value territory is, where you will get the growth of the services and higher margin stuff at a good value. that's my point about this stock right here right now, we dedicated the a-block to it last week it has to come to you before

this market is going down apple has to participate, all of the other stuff, iterative, great, bought $20 billion of stock back last quarter, they'll continue to do that and will probably get more aggressive if it is down 142 and excel rate bide backs but you need to wait for it to come to you. >> you're right, that's probably around 140 an important level on the stock. i tweeted out today. i understand the venom sometimes guy said comes his way when he talks about apple but i said the cracks in the foundation are happening and people don't want to hear it, it will break lower lowers maybe below 200, maybe not, hardware as a service is dynamic of apple we know we're going to continue to trade in this phone and be part of a cycle where services are a bigger component and that's why it is holding this multiple if you look at the mac book wearables and clearly iphones in

refresh prince of bel air cycle in refresh cycle in 18 months dmefr gets better than this. >> karen, at what point does apple's premium concern. >> it is probably getting close right now. i think it's a beta of not much higher than one. i feel like as the market goes, so goes apple. we get a bounce i think apple will bounce if not i think it will drift in. i'm long not going to trade around it i think down is more likely than up >> coming up two major restaurants halting in russia what it means for them straight ahead check out the move in these seller stocks would you buy these to understandize your portfolio? more "fast money" in two you can't buy love.

happiness. or confidence. but you can invest in them. at t. rowe price our strategic investing approach can help you build the future you imagine. ♪ ♪

. welcome back to "fast money. update on a story our kate rodgers brought us mcdonald's is closing 850 restaurants in

russia in response to the ukraine invainvasion hugely symbolic -- others stark bucks, pepsi, coca-cola, suspending operations in russia. tim, you lived in russia, you were telling the story of your first meal in russia. >> my first meal, my first job interview they walked me to mcdonald's and they walked me to red square i needed it badly, if not for mcdonald i would have lost ten pounds, which i couldn't afford to lose. but the business they have, let's face it, for young and some other big fast food companies emerging markets are the places they're getting growth but for mcdonald's steve liesman did a great ob, he spent more time there than i did, it was symbolic, seen as a sign of globalization and

western influence in a positive sense. obviously different times today. >> we're talking more and more with this invasion n recent years, in reversing some of the globalization that's taken place in the past decade, when you look at multi national companies with heavy presences in other countries, i mean, you bring up the geopolitical potential risk from a china sort of flare up with taiwan, think of how many u.s. companies are dependent on china for growth >> and listen, again, it's important to say, we're obviously not rooting for this none of us are, but we need to point this out because this is potentially market-moving. these companies have set this precedent now with russia rightly-so, by the way, i would not argue against that, but god-forbid something similar would happen in, you know, again, china, taiwan, it almost forces their hand in fact kind and you think about what does

that mean, again, for mcdonald's, what's it mean for apple? you have to take that into consideration. last time gene was on and we were talking about apple we had that conversation with him, that's what we call in the business a tail risk, it's out there and i think you have to have it on your radar screen >> coming up, solar stocks heating up, will the rally continue in the red-hot names. that trade next. quick programming note, don't miss "no retreat business boot camp" tonight at 10:00 p.m. on cnbc dad, we got this. we got this. we got this. we got this. we got this. yay! we got this. we got this! life is for living. we got this! let's partner for all of it.

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5g ultra wideband now in many more cities. welcome back to "fast money", solar stock surging in today's session, as spike in oil focus the market to alternative energy tan etf up more than 9% led by gains first solar, sunrun and others, joined now by cis director covering clean energy and oil and gas complex. great to have you with us. let's say for whatever reasons, cease fire reasons, you name it, oil goes down to 90 bucks a i barrel, what happens to the solar enthusiasm does it disappear as well?

i don't think so i any energy security is now top of mind and transition to more renewables particularly in europe but also the u.s. will be full-steam ahead i don't think it will change anything if oil goes back down it's having some impact with energy, security top of mind >> in terms of the transition, what we've seen, for the past decade or so in the 2010s in particular, alternative energy has really come down in price, but recently the prices have actually gone up because of various supply chain issues getting parts, because of tariffs, et cetera, what's your take on whether or not we could truly be energy-independent using these sources when we've seen globalization has caused snarls in this. >> energy independence is probably not going to happen we're going to need to use everything, including oil and gas, but i think the move to

renewables will be accelerated energy storage takes away the issue with wind and solar and cost for gas and oil up much more significantly. >> in terms of the u.s., benefiting here, james, there's probably different cross currents not just energy independence but i general push towards greener forms of energy which names do you like? are there others better poised overseas for europe's push towards alternatives >> i think u.s. names -- sun run is energy focused. again, energy for americans top of mind as well. and one pulls it together enphase. >> it's karen, where do you think nuclear fits in. >> absolutely there's a place,

shouldn't be part of energy future, people have campaigned against nuclear for 50 years are wrong-headed i think you can play uranium right now but there will be smaller nuclear company going public in the future >> james great to get your thoughts thank you. >> thank you >> james west, ever core isi tim, you were once upon a time in solar names now uranium guy. >> i think nuclear is the trade. it's a combination, look at germany's energy policy and they need to actually extend the life and will be extending the life of the reactors that are about to close down. i think you got a case a lot of the mining dynamics are really accelerating i think a lot of the storage and facilitatation are things very interesting. so solar is fascinating, in part the problem is cost in margin too long a cycle in production and the demand side.

i think if you look at the energy space and nat gas and lng which the u.s. has a lot to export there's a number of companies even shanear with a ways to go. >> guy >>

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positioning themselves for yet another big move once the results cross the wire mike khouw with the actions. >> crowd strike trade the at 1.6 times average daily options volume this market is implying a move of $20 higher or lower by the end of the week, 12.5% of the current stock price and considerably more than the 8.3% or more it's averaged over the last 8 quarters, even more than the last 4 quarters is which is closer to 3% one of the trades we saw was the purchase of the weekly 167.5, 108 call spread, buyer paid $3.35 but not every trader was savvy. third most active options were weekly 50 puts largely the result of a fairly good size purchase of the 131 put spreads and paid $5 for those put spreads, options traders trading more than 25 tylenols

anticipated one-year earnings -- excuse me. >> this is really interesting, guy, especially on the heels of at announcement google is buying mandiant, guy. >> did you say tim or -- sorry i apologize, it is interesting we talk about you and sarah on "closing bell" weeks ago, the potential for that company to get acquired and here we are i happen to think -- tim may agree -- this stock sold enough where you can play crowdstrike from the long side into earnings i'm sure the fast fire is coming when i'm wrong but i will put it out and say it. >> enterprise environment great, tailwind 25% spend, better than pre-russia-ukraine and trading back to those levels. >> mike, thank you, good to see you, more "options action" on friday at 5:30 eastern

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♪ it is time now for the "final trade", let's go around the horn, karen finerman >> yeah, you know, crazy markets like this, i think, what's the last thing i want to sell, goog and first thing i'd want to buy if i owned nothing that's my final trade googl, cheaper than the other one. >> guy adami. >> last evening i was able to sit with you and tim seymour we discussed lithium merck's corp lac, had a decent day today and on the verge of bigger few days coming up, mel, lac. >> tim seymour. >> it was a warm environment last night, is a warm environment tonight and good night to go home and netflix it, folks, with inflation out there this may be the best inflation-buster out there and at 32 him-times trailing gets into value, some channel checks better for

net flirk. >> dan nathan. >> i say xlv looks pretty attractsive. >> all right, thank you all for watching "fast money." see you tomorrow at 5:00 don't go anywhere, cnbc special on the oil shock starts right now tonight on this cnbc special hour, oil rockets higher again as president biden bans russian energy the unprecedented move sending shock waves through the global market tonight we are drilling down on the move and the fallout coming to you live from houston, texas, at the most important oil conference in the world right now, siroe ahead of this hour you'll hear from some of the biggest players of the space including occidental petroleum and oths.