we also have key interviews, a first with imf managing director, krist a, lina georgeiva and treasury secretary janet yellen on impact of sanction against russia and important day on the back of what is to be another big inflation number that's it for "closing bell. "fast money" begins now. live from the nasdaq marketsite in time square this is "fast money", i'm melissa lee, tonight's trader lineup guy adami, karen finerman, steve grasso, and wono tonight on fast major administration warning defy -- and face conversatio consequences plus -- sigh of relief -- why bitcoin had such a big day

and a little "options action" ahead for rivian results traders are received up though the stock is down close to 60% this year. big bounce on wall street s&p 500 surging 2.5%, nasdaq jumping 3.6% and gains, airlines taking off. up 8%. semi with st micro, nvidia up 5% retail, banks, jumping mean tile kcommodities getting crushed f gas and oil seeing the first day since 1991 news just crossed, amazon announcing a 20 for 1 stock split. and a $10 billion stock buyback. the shares are off after-hours session highs but up 6.8%. we've talked numerous times on the show how splitting a stock

does not change anything fundamentally for the company, just splitting the pie into piece because karen somehow it does make a difference. >> it does, you do have ability to trade options it's 10 for 1 split say 3,000 at the time 300 people can do things guys options that invites a universe of probably more retail buyers than we'd see otherwise, to the extent there are people who are shut out and can't buy partial shares there's that but i don't think that's such a huge -- such a huge, sort of constituency that should really move the stock a lot so it is just funny math the buyback is good usually company split the stock when the company is going good, the amazon company is going well but stocks not as well -- others on fire when they did the split >> i'm shocked it took them this

long to split the stock because you had google, apple and tesla all working out, when it is right way stock split the stock rips, when it is the wrong way the stock craters. this is not shocking to me it's unbelievable change of stance, you have a new ceo and new stance only what they're doing and is a defining moment for amazon. >> i think what we've learned and seen in 2021 is the force and impact of the retail echbts have and willingness and desire to trade options your thoughts of splitting a stock of this size and how it attracts the retail investor now. >> as the other panelists have alluded to again it's zero sub gain in terms of the stock split itself but karen raised a good point in terms of options so just the amount of cash outlay one would have to make and the type of, like, position you would have to take from pnl standpoint and the corresponding

margin of those trades is what changes, to put it in lay terms, you could risk $10, you would have to risk $100 and get the same type of risk reward and it's meaningful in the volatility we'll see and type of trades one can now take part in. >> i want to correct something, i said 10 for 1 it's 20 for 1 so 3,000 would be 150. >> guy it's like pixie dust, on a stock split you all of a sudden have pop on the stock. >> who had the pixie dust, peter pan? tinker bell. i'm all for the pixie dust, it's great at parties, everyone wants to be festive. february 8 the day after facebook reported and were obliterate rated and -- earnings came out

stock spiked 3300. we did the show and said it is a great stock reaction not a great quarter. a lot of blowback we got and guess what stock traded back to 2700 which was there earlier this week. 2700 turns out the lower end of the range we've been in for 18 months i'm with everybody on this one, i don't think $10 billion moves the needle on $1.4 trillion company, it is what it is. but, you know, i think had is impactful. especially at this price point i think in terms of the trading range we're at the lower end and i think amazon can trade higher even from current levels >> to give an idea how drop in the bucket is company added $90 billion in market cap in the past ten minutes because of the stock pop. karen, in terms of token buy back why bother? >> i don't know if this he are doing stock-based compensation and want to the sort of buy that

back i'm not really sure if that's what they use that money for i don't know it sort of says more in its being so small than it does as wow this say big vote of confidence. >> isn't this, though, you're coming out of the pandemic, that was considered a pandemic stock and now all of a sudden you have another lever to pull for the name so for me, i wish they would have done this years ago years ago i think it would have been a lot more positive for me, i feel like they're doing it out of a position of weakness, versus strength, yet again, for a lot of the large-cap tech names. >> do we care guy it makes them a candidate for dow inclusion, we emphasize s&p 500 because it's broader base and there's more funds index to the s&p. >> i still think there's some cashe to that. again, another word i can't spell. like playing for the yankees instead of the mets. i think there's something without question. >> don't know if salesforce

would say that, right, salesforce got at it wasn't exactly the best event that ever happened bonawyn >> i mean, i think it all comes back to, steve alluded to it, i might spin it slightly different way, it's more or less window dressing not going to argue it's necessarily a position of weakness but think it would be more impact previously i think it's posturing saying we're comfortable with the price stock think it is under valued whether you think $10 billion or more we're willing to allocate captain ale to what we deep is under appreciated asset. >> let's get back to the rally, the question we all had regarding the size and scope of the rally is do you believe the bounce do you think, guy, anything has changed between today and yesterday? >> the only things that changed is obviously the price would back to yesterday's show and listen to what karen said, put your beta max on and listen to the comments she made she talked about this day

exactly at the top of the show and here we are, not only in the equity market but then we had -- we talked about energy at the middle of the show and potential for it to sell out in a meaningful way on any remote good news. that's exactly what happened to answer your question, no, i don't believe it nothing's changed. in order to be bullish here you have to believe somehow piece going to break out and fed is going to thread this needle which is not going to happen and earnings will hold up in what seems to be a low economy. the overriding theme is to sell rallies opposed to pre-thanksgiving 2021 where you were buying sell offs >> let's get an answer to that question and see if anything is different in terms of the russia-ukraine conflict, kayla in d.c. is anything different, market assets showing situation is improving. >> that's what the market is led

to believe, clinging to the headlines for buying opportunity to months now. remember three weeks ago -- the promise to meet with u.s. meant an invasion was out of the cards and seen how that played out and now fourth round of cease fire talks -- despite -- russian foreign minister leaving the country for the first time since the invasion began to meet with his ukrainian counterpart president zelensky told a german newspaper today he wanted to end the war and ready to compromise. that's long-been his position. earlier he told abc news nato wouldn't push for ukraine membership and saying we can discuss and find compromise how those territories will live on zelensky has also said ukraine is not ready to capitulate and any deal would require a country's leader to broker it and vladimir putin has been unwilling to accept zelensky's

invitation a spokesperson for the national security council telling me today -- the u.s. is in turpt of diplomacy but remained clear eyes of russian intention given what's happened on groundout international agency no longer getting data transmissions from the new nuclear sites russia has overtaken and now officials concerned that russia may use chemical or bio logical weapons and accuse ukraine of falsely doing the same thing melissa. >> kayla, thank you. so it doesn't seem to have much substance in terms of what has transpired today, karen, the chemical and biological weapons is terrifying what's your interpretation of the bounce. >> i agree with guy, nothing much happened. when you look at the s&p, it's a blip it just seemed we were exhausted

sellers, kind of, i don't know, very bearish saw the vix spike, not as high as i thought, so it's not crazy we have a bounce like this i don't agree with guy on sell every rally because i got to be invested in the market i know i'm never going to pick the bottom or top, won't ever do the sell and buy back tax efficiently so i got to stay in it so i try to buy companies where i think the long-term value is there an the balance sheets are in good shape or you will run into trouble. >> good point stay long 70% of the portfolio and trading around it with 30% or in individual names but how do you buy a bottom with -- with chemical warfare, bombs going off, that's an impossible bottom for me to buy. >> was that ever off the table, chemical weapons. >> i think this whole thing is surreal. >> was it ever off >> didn't say he was ever going

to move into ukraine all of this is off. >> that as well. >> bonawyn, you made the point that everything rallied today which seems suspicious to you. >> yeah, just seems like blind buying or exhausted sellers, people trying to be opportunistic here which i don't think is really a thoughtful play. given the geopolitical risk. this is a binary event i couldn't tell you and i don't think anyone being honest could claim to tell you how to play a possible war outcome or conflict like this outcome. you see oil coming off people tend to buy everything. last check is oil at $110 is that a positive? i still think it's pain for the consumer that's a driving force behind our economy. we saw flat wave growth in thursday or friday's reading still have, i think, the 210 around 26, 27 basis points, seems all that was ignored

oil came down 15, 16%. we have maybe window dressing news in ukraine region and people are suddenly back on, makes no sense i think this is a bare market bounce >> guy, how do you think about tomorrow then? >> think about it from lens of cpi, what's it mean? does it mean anything at this point? right? i mean, prior to -- i think, two or three weeks ago we'd look to the cpi flint terms of the direction it will give us for the market i don't necessarily think it means that much now. it's really coming down to the headlines. make no mistake, real inflation in this country, i'm sure people will come at me is not the 7.5% you read about is probably closer, given everything going on, to 14% which means real yields are as negative as they've been and fed two or three years behind the curve, they have to move to me the market moved late november when they changed course

when they changed course everything changed and that's what you have to keep in the back of your mind. the fed is no longer back stopping, no longer under writing this market >> coming up the china factor, beijing in focus as war with eubukraine ra on could china be in the administration crosshairs. and more "fast money" in two. (vo) verizon unlimited is going ultra!!!! now our best plan ever, gives you more than ever! with 5g ultra wideband in many more cities. (mary) cool. (vo) you get up to 10 times the speed at no extra cost and 5g data that's foreals unlimited. (mary) did you just say “foreals”? (vo) sorry. you also get disney plus, gaming, music, and more included with your plan! (mary) shhh, i'm in the lead! (vo) go on, watch all you want. (mary) i love this show. (vo) buy a samsung galaxy s22 ultra, get an s22+ on us. (mary) seriously? (vo) yep, it's our best plan ever. verizon is going ultra, so you can get more.

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we have a news alert on starbucks. >> another three starbucks caves union pulling ahead of the coffee giant, first went 8 yes votes, 7 no. and second union 15 yes and 12 no votes, 6 voted yes on unionizing. two other locations in buffalo, one in mesa, arizona, have voted in favor of organizing, this is just the beginning according to

starbucks workers united, 129 stores in 26 states have petitioned starbucks approaches bargaining store by store manner so could take a long time but again, symbolic with three more wins for the union. melissa back to you. >> karen, you hear that you think you're on the pass to rising waging. >> i think so. i look at ups versus fedex, ups unionized drivers and ups does not. an . let's get to earnings alert on crowdstrike, conference call is underway, let's get the details, christina. >> well, $20 million that's above revenue estimates, the cybersecurity firm crowdstrike beating expectations in the fourth quarter driven by annual

recurring revenue, saw 66% jump in subscription revenue versus a year ago and ceo saying, this enables us to step up in new technologies and international geographies. growth drink by cybersecurity threats, we hear it all the time came on cnbc february 24th to warn u.s. bank executives are worried about potentially being the target of russian cyber attacks. crowdstrike works with 14 of the 20 largest u.s. banks con contributing to the bullish sense q1 earnings per share and revenue beating estimates pushing the price above 10% after-hours trading. the conference call is over way, so far just a rehash of the numbers, haven't got to the q&a just yet. >> okay thank you christina. so,

beat raise guy the magic combination. >> where were you last night between 5:00 and 6:00 on the east coast. >> right here. and it was an excellent call you had on crowdstrike. >> and pixie dust. oddly enough that's the blind squirrel thing for sure. we talked about crowdstrike, it's come off significantly of the all-time high of few months ago, the set up was really good and earnings really good they beat eps by 50% and guided higher for all of this fiscal year coming into and i know at 20 times revenue you say this is an expensive stock, yeah, it is, but all these names are expensive. it had a huge interday move, having a bigger post market move and i think the move to the upside continues, melissa lee. >> so it's an environment, bonawyn, that should be favorable for this industry. do you like crowdstrike? >> i do, from macro standpoint

definitely, cybersecurity is top of mind for everyone got russia involved, don't want to wax poetic about 2016 and midterms are coming up the fact it trades below valuation is it pivoting from non-profit to profitable operations, expect to see non-adjusted positive in 2022. that's a key factor there. >> this is right around where the stock has jumped in the past and when it jumps ofn earnings i usually jumps $20. it hasn't done that yet but this will monopolize the future and name that garners a lot of attention. >> definitely getting starting on "fast money" here's what's coming up next. >> announcer: china move in focus as ukraine-russia rages on are secondary sanctions in play,

we break down what's in store plus disney shares heading south this year, can you bank on a whole new world for the stock. the traders dig into that name, next you're watching "fast money" live from the nasdaq marketsite in time square we're back right after ts.hi 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. ♪ ♪

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like real time cgi. okay... yeah... oh. don't worry i got it! become an agent of innovation with invesco qqq welcome back to "fast money. the u.s. warning china it could face devastating sanctions if it defies a ban on doing business with russia. this is a move that could have huge impact on american companies. look at just some of the s&p constituents with heavy china exposure qualcomm driving 70% of revenue from china texas instruments, broadcom and

other semiconductors on the list what happens if goes after beijing bringing in our cnbc contributor, great to see you again. >> great to see you also, melissa. >> this seems like a really tough decision for the biden administration to make if they are actually weighing this because it would really hurt u.s. players very, very deeply if they decided to go down this route. >> it's true, melissa, that this could have some real implications for u.s. businesses china is not quite like russia given the size of its market and degree to which many u.s. companies integrated into this market but china is very concerned here about the threat of secondary sanctions. they're trying to have it both ways and thread the needle they want to do just enough to avoid those secondary sanctions but there's also a lot of opportunities here for chinese companies if they could figure out and modulate just where

those red lines are. but we have no idea because we haven't had a test case yet. one hopes we do not. but we may sue one in the case of union pay as you recall when mastercard and visa left russia the russians had suggested union pay, a chinese credit card payment system, might be used instead. so we'll have to see if this is the example or if there's other examples out there in the banking or tech sector but this is fraught with risk both in the u.s. and china. >> there's reports as you know that china is considering buying russian oil assets or buying stakes in russian oil companies and since we have a position of banning russian i'm i'd think that would really trigger secondary sanctions, if not, you know, move the conversation much closer to considering them >> this is a good point you make, melissa. it's not just looking for opportunities to buy stakes in

russian oil, but even companies like rusal a russian mineral company, you see statements about companies like channelco a chinese mining company, chinamen metals, all looking for opportunities to increase russian stakes in companies, but as you say, we don't know if this will trigger the secondary sanctions that many are waiting to see what are those red lines. we don't have a test case just yet. >> it's karen, thanks for being on i don't know if you saw the numbers we put up how much intel and others do business in china, that is a tremendous game of chicken, who do you think has the most to lose >> well, you know, this is one of those situations where we've tied ourselves at the ankles and we're both sinking, something like this were to happen, but you're right, karen, this is a lot of intel chips within some

of these technology company that's are doing business in russia and in theory, that could trigger secondary sanctions. we just don't know but again, it is important to note that we will all suffer if china finds itself on the secondary sanctions, particularly in the tech sector because we're so integrated, even though we're trying to decouple that has not happened yet. >> so in recent days you seen the number of companies announce they're pulling out, suspending operations in russia, pulling out of russia, without even sanctions, without any actual force, it's a decision they've made themselves, just optically, it's better for them and i'm wondering, if you view companies with significant presences in china are they at risk in some way if we go down the road of secondary sanctions seems companies would face that same sort of pressure to perhaps curtail business, which would be a tremendous impact. >> yeah.

also, good question. i suspect that these companies with operations in china, if it's a starbucks or a mcdonald's or an apple for example, these companies are ubiquitous in china, you find them on every corner i don't suspect there will be threat of secondary sanctions if they continue to operate in china. where it could become an issue, melissa, and let's hope it doesn't happen ever, but if there's some sort of threat against taiwan but again, china is a very different issue with respect to those companies to russia. take apple 1.4% of apple's revenue comes from russia. 19% come from china. so again, as mentioned with karen, we're tied at the ankle here unfortunately and this would have some real repercussions if those companies were to find themselves on a secondary sanction gambit between the u.s., russia and china. but i don't think that will happen in this scenario.

>> i'm not breaking any news here but our politicians, we have a presidential election every four years they don't their guy will be there the rest of his life. by definition they're better suited to play the long game should we dismiss that or is an important element in this equation >> i think you're right to point out that xi is not necessarily answerable the way biden is to an electorate but the chinese communist party has to continue to deliver their whole issue around what they consider to be their case for continuing to govern is that chinese economy is doing well, chinese people are doing relatively well. this were to not be the case i suspect we'd have real issues around political and economic instability so xi doesn't have a completely freehand with respect to how he governs the economy. again, secondary sanctions could trip up a lot of different

jeopardys for xi jinping going into party congress in the fall >> thanks so much for your thoughts we appreciate it all right. so we've been talking about this issue for days, for weeks now, in terms of chinese exposure by american companies and what happens if there are secondary sanctions and we use those words, i think it's important to think about if we use those words, sanctions are very serious. right we sanction russia we have secondary sanctions against china will u.s. companies be forces to ree vague and ambiguou companies be forced to reevaluate doing business there. >> we had a test pattern with russia, everyone plowed out of russian stocks or russian related equities and now i think people are doing it with china they've been doing it for quite some time. look at alphabet look at alibaba down 57% in one

year there's no sign of a bounce. people are not going to buy china, stocks, casinos anything there. >> right but in terms of the u.s. companies that operate, karen, think of been apple, which he kriepted if you -- which he cited, if you feel force because of secondary sanctions on china could be a public outcry. not even force from the administration. >> right and it's scary because china has been a growth engine and such a great place for companies like starbucksnd nike and mcdonald'snd instead of thinking about it as oh, here's some wide open space we can really grow, what if it becomes a negative i do think -- you can't be as positive on it you don't know for sure what's going to happen. one reason i do like google, meta, twitter, none of them have meaningful china exposure. >> right and i know a lot of you out there are thinking, this -- it will never happen. it will never happen but you know what, you got to think about these things, right?

and bonawyn, i would think that that possibility is not priced into any stock right now, in terms of china exposure being a risk, as opposed to a positive >> to an extent. i think steve mentioned it -- [ inaudible >> i think we're having problems with bonawyn's audio we'll try to straighten that guy, to you. >> we talked about tail risk we have been talking about this for a while. we're not rooting for anything, obviously. we're just trying to point out what could go wrong. to the point in your question, if secondary sanctions put o the chinese would it force a company like apple's hand, they set the precedent in russia, correctly-so but if we put on secondary sanctions it speaks to we're not happy with them.

further more if something with china and taiwan rears its ugly had, i'm picking on apple, the biggest company in the world, has significant exposure obviously in china. >> all right up next disney difficulty ceo getting an earful over don't say gay bill plus, bitcoin boom president biden announcing executive order on crypto. our bitcoin baller brian kelly joins us next with his thoughts. don't go anywhere, "fast money" back in two. >> announcer: catch us on the "fast money" podcast, any time anywhere follow today on your favorite podcasting app we're back right after this. making friends again, billy? i like to keep my enemies close. guys, excuse me. i didn't quite get that. i'm hard of hearing. ♪♪ oh hey, don't forget about the tense music too.

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welcome back to tastykake. "fast money. . welcome back to "fast money. disney ceo grumpy that the stock is down and julia boorstin is following the action julia. >> well, melissa, disney's annual shareholder meeting, ceo weighing in on the criticism he and the company face for failing

to come out in opposition to the so-called "don't say gay" bill in florida saying they were opposed to the bill but didn't take a public position because they thought it would be more effective to work behind the scenes with lawmakers saying, quote, i called governor desantis to express our disappoint and concern if legislation becomes law could be used to unfairly target lgbt kids and families and saying the governor agreed to meet with me and lbgtq+ members of the senior team in florida to discuss ways to address it in meeting was stressed the company's commitment to diversity and teased the new shows and movies coming particularly to disney plus, he and the rest of the board were reelected as expected and their compensation was approved. shareholders did approve one

proposal that disney opposed 59% of those shareholders voted in support for proposal to disclose agendaer -- gender and racial equity pay data interesting one to watch there >> julia boorstin, thank you >> so as much as a company may want to try to stay out of this whole thing are being drawn increasingly into these issues karen, this seems like a huge risk for a company damned if you do, damned if you don't. >> right we've seen this mine field a number of times, remember the nike situation, and delta airlines was related to having a gun on the plane. it's difficult to be a ceo these days it used to be you could stay out of the fray and didn't have to a pine but that's not the case when you have so many constituents, your shareholders, employees, customers, you kind of have to be driven by what they want. >> yeah. >> i don't know if you don't have a choice any more i think if you just have a solid

statement that you're not going to discuss any of that in front of anyone and you'll do more behind closed doors, i think that -- when you go back-and-forth, that's where you get into trouble. >> well that's -- that's where the problem lies but guy, disney's real problem is not this. it's how investors are perceiving the streaming service. >> no question about it. but i will tell you, by the way, steve was saying get long disney in earnings last quarter was 142 traded up to 157, well done, he exited the same day. for the first time in a while at 137 wherever we are, you can actually make a really compelling case for disney on valuation, probably 22 times next year's expected numbers, probably have 11% or so revenue growth, maybe 26% eps growth and decent back drop for the second half of the year, in my opinion, with the variant out of the way. so i like disney here.

with that said i like the it at 150 as well. >> it's at 133.65 right now, karen, could you see it being a value stock since you're the value investor here. >> valuing what it used to be, yes. i think it could a great reopening has already started and i think ceo has been doing a great job and i've been waiting for disney for a while, for the long-run is probably good to own. >> reopening well underway, but at the same time, would you rather a netflix, steve. >> oh, would you rather here i think people are looking for experiences, they want to get back out in the parks, it's $16 billion revenue generator in a no normalized environment 50i78 i mean, back long the stock, this is back where it was in july almost to the penny. >> up next, rivian

options how to play the game. and biden signing executive order on digital assets what's tcn lln for crypto bioibaer makes a special appearance to break it all down. much more "fast money" right after this at t. rowe price our strategic investing approach can help you build the future you imagine. ♪ ♪ 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. edward jones my name is douglas. i'm a writer/director let's partner for all of it.

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welcome back to "fast money. check out bitcoin and ethereum leading the crypto market higher, president biden signing executive order saying the united states must maintain technical leadership in the growing space supporting innovation and mitigating risk let's bring in our bitcoin baller, brian kelly, on the fast line, bk, always good to get your take on these things. it's very high-level, don't know if the six areas they will focus on in the coming days are a surprise so what exactly was so bullish about this skbr yeah, so that's a great question, melissa. so really what was bullish is the industry has been clamoring for regulatory clarity and the biggest concern was that there was going to be either regulatory overreach or, you know, a flat-out ban so it was welcome that they're saying, hey, listen we want to

keep our competitiveness globally but we also recognize the risk about half of the executive order had to do with national security which we all i think would agree is probably a good thing. in general that's why you have this 8 to 9% rally in bitcoin and ethereum today >> in terms of the kinds of coin that's would benefit the most from the notion that the u.s. wants to maintain its technological s edge an be a hoe for innovation with which coin would it be because some coins depend on that notion and their entire platforms are built on top of them. >> right you're talking about an ethereum, any of these smart contract platforms, anything that will be web 3.0 that will be built on, it's likely to benefit the most, primarily because if you think about that, this is really kind of the next version of tech, the next version of the web, and so, when you get into bitcoin which really is a currency and is kind

of competing with gold, that's one aspect of it but this whole web 3.0 defi area will be the biggest beneficiary of this regulatory clarity. >> you often like to find the contrary way of thinking about things, bk, and so, what would your concern embezzle. becaus your concerns be because this is vague right now. there's a long road between this and legislation and act that's become official in anyway so i wonder if there's areas in the market you're concerned about in crypto >> yeah, i think the biggest concern here is, i mean, one, i agree with the national security angle to this. however, it's very clear that you have these sanctions and how powerful the u.s. dollar-based global financial system is for some reason crypto was viewed as a threat to that, to the u.s. dollar being the reserve currency then i think that would be the kind of negative to this executive

order, and i would be concerned about that because then that would get us closer to a flat-out ban again that's not my base case but if i have to pick something out of it that is worrying me it would be worrying that congress and politicians look at crypto as a threat to the global world order. >> bk, always great to get your take on these sort of things, brian kelly our in-house bitcoin baller joining on the fast line tonight. karen, it sounds positive, at least at the get-go, but i would imagine because institutions more and more institutions are in crypto that the lobbying power is much bigger now. >> absolutely. when you think about some of the dollars behind it, excellent point. it wasn't anything bad, so that's good. >> simple as that. not bad is the new good. >> because we didn't mow what it was. >> still don't know what it was. >> i think also, when you have oligarch s

trying to hide their money in gold, bitcoin, ethereum, i think that's been a tailwind for it. obviously the regulatory framework to this point, no one has any idea what is a tailwind, what's a headwind but soon as you start talking about it and someone doesn't say we hate it then it's a tailwind so keep it in it's elementary thing i bought some grayscale ethereum trust for my children, finally, i got off the bubble and bought it for them. the problem with this is bitcoin and ethereum are both in a declining trend line so they have to really break out to have substantive rally to get back to the old recent highs. >> i think this notion people are using it to hide money is interesting considering it is a public ledger. you can actually track all of the transactions, guy. but grasso brings up an interesting point about the charts, all of this is positive, we see it pop today, the technicals may not be looking too good >> no, to steve's point just

looking at this through that lens, i think 46,000-ish is 200 day moving average what it failed at week and half ago, traded back to 38,000 and here we are. if you haven't been in, buy on the break out above 46,000 or you look to the pull back we've seen a number of times now back to 38 >> all right coming up electric earnings, rivian on deck to report and shares hitting road block, how to trade it, "fast money" back in two what happens if you ever need to miss work for a long period of time? why would i miss work? i don't know. you could sprain your ankle, throw out your back... get hit by a school bus. or a regular bus. get kicked by a horse. fall off a ladder. bathtub mishap. polio. boating accident. stuck by a fork. rabies. wolves. scurvy.

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you don't have to save the day. you just have to navigate the world so that a foster child isn't doing it solo. you just have to stand up for a kid who isn't fluent in bureaucracy, or maybe not in their own emotions. so show up, however you can, for the foster kids who need it most— at helpfosterchildren.com welcome back to "fast money" check out rivian rebounding after string of down days, dropped 60% already this year. isn't stopping one options trader making a bullish bet on the name ahead of tomorrow's earnings, let's get to tony zhang with the action. tony >> yeah, melissa, there was sizable bullish flow in rivian, very active today 1.3 times the average daily volume but options market implying explosive 17.4%

implied move on this earnings event. one trader seems to agree trading over 3,000 contracts of the march 55/65-call vertical for average price of $1.21 per share, that translates to break even 28% higher in just nine days for this particular trade so this trader is laying out $370,000 in premium to bet on what is a very bullish outcome for earnings. >> did you say 28% higher in 9 days, tony >> that's correct. >> wow guy, which side of that bet would you be on? >> well, i mean, i think we correctly steered people away from this name for a long time but now at least it's some semblance of normalcy in terms of price to sales, i know that sounds crazy because it's so expensive. i think you could actually see that commensurate move and i think could potentially move to 54, $55.

>> i'm still long on the name. it's a long-term story for me. i think management screwed up on pricing, having said that, earnings always makes me nervous for a company that doesn't have earnings but to guy's point, i think that's already in the mix, that's in the soup already so, the upside to me is your better bet. >> all right, tony, good to see you. thanks, tony zhang, "options action", tune in friday 5:30 eastern time up next "final trade." it's a thirteen-hour flight, that's not a weekend trip. fifteen minutes until we board. oh yeah, we gotta take off. >> announcer: "options action" is sponsored by -- yeah, actually i'm taking one last look at my dashboard before we board. excellent. and you have thinkorswim mobile- -so i can finish analyzing the risk on this position. you two are all set. have a great flight. thanks. we'll see ya. ah, they're getting so smart. choose the app that fits your investing style. ♪♪

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welcome back to "fast money. if you missed the top of the show, wanted to get you the bigs news out the amazon. the company announcing a 20 for 1 stock split in $10 billion buyback, the stock is off after-hours session highs still up 6.5%. guy, quickly, what's your guess where the stock is tomorrow? >> i think it's going to go higher from here we tested the bottom end of a range we've been in 18 months, i think you play the long side look for the bounce to post-earnings level of 3350.

>> already getting tweets saying it doesn't make a difference, it does if you're a retail trader who wants to trade options we know there's fractional shares but aren't fractional options contracts yet. that could make a difference. >> i know. i'm sort of surprised, it was news to me, after couple years i learned that and saw yes indeed that happens so i believe it. >> let's get to the "final trade" go around the horn we had technical difficulties with bonawyn but he's on the fast line with his trade bonawyn? >> they under performed definitely let me down on the show i like xlu. >> guy adami >> z scaler in the cyber world space. >> steve was wondering why you didn't bring it up there you are. karen finerman. >> selling some spider calls, had a big bounce take money off the table. >> nice trade. steve? >> look for bargains, that were

beaten up unjustifiable so, capri for me from 70 to the 40s is as close to a no-brainer as you get. >> thanks for watching "fast money. see you tomorrow at 5:00 for more fast. don't go anywhere, cnbc special cysto night in america starts now. into tonight on this cnbc special hour of "crypto night in america," markets surging. s&p having the best day since june of 2020 and bitcoin followed today, the president announcing an executive order calling on the government to examine the risks and the benefits of crypto could the decision call crypto's neutrality into question tonight we'll examine the move and the potential fallout. just ahead, trait to the white house to hear from biden's key adviser on crypto. plus ftx react