amazon quick report i was getting beat up by it hopefully will repeat itself. >> i hear you. see you soon thanks for being here. the twitter result, apple or nvidia, apple, big shotter that does it for us, fast is now. live from the nasdaq marketsite in time square this is "fast money", i'm melissa lee, tonight's trader lineup guy adami, tim seymour, jeff mills and dan nathan ahead, baba bounce, shared s of alibaba climbing up nearly 50% now almost back to even for the year, announcing $25 million buy back is a bullish sign for investors. plus elon musk busting a move literally as he opens first mafr plant in germany for tesla in europe sliding now 20% in the

last month how big a deal is ribbon cutting for investors. and later, "fast money" pitch teeing up this golf stock that's been in the rough most of the past year. will it be a for or a hole-in-one. >> wow mel brutal. >> we can't fit in any more puns wall street s&p notching sixth gain in six sessions up 6% since lows last wednesday when the fed announced rate hike. the threat of higher rates coming faster has not slowed anybody down, not even big tech look at the gains, amazon up more than 12% and meta up more than 11% combined $78,000 billion in -- $780 billion in that run and is the market come to terms with higher rates it looks like everything is coming up roses. the fed's got it under control,

either that or the head winds will abate, dan nathan, things are great again. >> one stock we talked about nike last night. everybody was enamored with earnings in such a difficult environment and the guidance they gave, the stock was up 8%, looked like it was ready to party, right did you see where it opened and it closed on the dead low, if the stock market was open another hour it would have closed down on the day i think that's a preview of what we'll see as we get to the end of q1 into what might be disappointing pre-announcement season. we may see companies come out and -- i'll say this -- might have a mulligan -- because of the uncertain ty going on with europe supply chains and everything to me this is a technical rev reversal a week and half ago we weren't pressing lows it was buy the

rumor. >> i wasn't pressing lows but i have not been on the market's ability to hold this i will push back on your nike. qqq, so the nasdaq 100 closed at the highs and we're up 12 and three-quarter percent off the inter day lows from last monday on a day rates kicked higher. i agree q1 earnings are not going to go well, and the guide's not going to go well but i'm more worried about the market interpreting jerome powell and evans, bullard excuse me, who said maybe you can get 50 basis points as a sign the economy can with stand that when these are the same people that told you there was no inflation up until november. i don't think we should listen to the fed and have the market take off and interpret this as a market that is strong and we're good. >> can i ask one question. think about the price action in

the broad market seems very aldo driven and if you look at a single stock in an environment without a lot of single stock news acts the way it does that is more telling, especially as we get to a quarter-end. it was a very bad quarter for the broad market historically. maybe we see a little bit of a mark. >> yeah. jeff mills what's your take? >> well, there's a lot going on right now but a couple interesting things i want to highlight. first of all it comes back to the fed and interest rates i keep saying that it tfeels like they will tighten until it breaks, i think the chances of growth breaking have increases. you see it in the curve flattening and i think we're in for more of that unfortunately interesting thing about all that is every time the 2-10 spread goes to zero the 10-year treasury rate starts to fall so closer to the top in the 10-year, sure can we go to 250

of course but as rates start to back off that's what you're starting to see in market leadership we've been a tuck being growth as defense and we've seen growth outperform value even as rates move higher over past couple weeks so maybe the market is sniffing out the slower earnings growth, that's what we're all talking about, and investors are huddling into areas where they believe companies can maintain some semblance of earnings growth to wrap in the broad market, we're rallying right now but not necessarily from a position of strength, it's not like the rally we saw in november 2020. it was sort of last week we saw six plus percent move. you have 50% of the s&p above the 200-day. 40% of the qqq above the 200-day. those numbers were 72% and 84% in november of 2020 rally. so it just feels like a very different market and potentially have more to go on the down side. >> i guess all that, guy, but you always talk about trading

the market you have, the market we have today at least and over the past week has been telling us respond we take a look at the movement in the -- dare i say it the meme stocks today -- in bitcoin, ether, ark, high valuation, risk-on names all rallied. what does that tell us >> not quite sure. the guys talk about not pressing, i will flat-out tell you i thought the market was going to sell off meaningfully late last week into this week, that clearly hasn't happened i think at some point 3750 level on the s&p has a bulls eye on it dan coined phrase, the market is crashing higher. we talk about panic in front of selling but i submit in last week and half we're seeing panic buying people getting everything their hands on thinking the worse is behind us

i don't think so beyond volatility s's and g's 10 year is 240 from 165 astronomical move. s&p rallied 340 and so handle in 89 trading days, does that makence season make sense not in this back drop because problems of a month ago have if not a bait ed got worse. >> can i throw this scenario out. >> you can do whatever you want you run the show. >> that is true. i can really do whatever i want. >> yes. >> let's say the market believe the fed has it under control and will fight inflation hard and are willing to go 52 time as cording to goldman sachs in may and june meeting if inflation doesn't do that maybe it's abated, maybe trussian-ukraine conflict ends and the inflation

forces die down. tim, could we see a rally for a reason >> i just think the equity market doesn't understand first if you get to 250 on the 2-year you have easily broken the down trend for decades on rates going back 40 years you can see it, we can over shoot, we can under shoot, it's that kind of trend i'm not going to tell you in the sand. if you look at a two year note and a 20-year chart essentially rates are higher than they've been almost 95% of the last 15 years than they've been and there's a direct impact on consumer revolving credit that i don't think the market has a chapsz assess yet so where is the economy going to be in another 50 or 100 basis points of fed hikes, i think it's something stocks will have to wait for, even though they're a discounting mechanism. i wouldn't trust a market that thinks powell referencing 50

basis points is bullish, it's not. >> going back to the last cycle 2014, 15, into 2018 they got the 10 year treasury moved up as fed yield moved up in a steady manner there was growth scares, remember crude oil going down 65% as the dollar was rallying too. the difference now, the pace in which they're doing it remember the last time the 10-year u.s. treasury yield was you above 2% the stock market didn't like it here we are s&p 500 trading 19 times, in line with five-year average above the 10-year average about 17 times and if you are looking for a seven-year indicator you want that to dip below the 10-year average. there's a couple ways to get there. i don't think we have the max pain, horrible sentiment it happened too quickly given the uncertainty in markets and given right now what is

certainty about a fed that wants to battle inflation and only way they really do that in such a fast pace is to slow the economy. i don't think the stock market, s&p down 5% on the year, people, after up 26% last year, discounts that >> our next guest has ways to hedge against the rate hikes, bring in jason -- great to have you with us you have a relatively new etf that is basically defensive and it plays inflation can you walk us through the timing of this in terms of how this illustrates what you're market forecast is >> yeah, well, just listening to the guys and you i have to say, i'm uncharacteristically cautious on the markets now. because i think the fed is going to -- is -- is well-beyond -- is very far behind the curve, probably has six or seven more

tightenings perhaps until something breaks we have smat, strategic macro thematic opportunities fund which plays both higher inflation and also gets somewhat more defensive in terms of cyclical defensive companies that have strong correlations guys staples but aren't staples. and we play companies with quantitative tightening a-- higher inflation one thing not working out well is travel and leisure, entertainment stocks by business those are the themes that make up that etf. >> just curious, jason, how do you think about some of these inflationary pressures on various commodities and input cost if the russian-ukraine conflict ends, does that go away for the most part? or do you think that sanction remain on? and this inflationary pressure

remains? >> i think come oddity prices is only one part of it. you have rents you have wages you have 11 million job openings a lot of job openings, especially in the service sector that will continue to put pressure on wages. and you have environmental policies, we could debate their usefulness or efficacy or wisdom but they are going to keep energy prices higher, longer than people think, in my opinion. so even if russia were to mercifully, lord willing our prayers were answered and the ukraine situation was resolved peacefully tomorrow i think there's an enormously amount of fiscal and monetary policy that still has to get worked off so inflation, i think, is going to be with us for a long time

you can't call it transitory if the fed has to slam on the brakes to stop it. they made the forecast last year and was wrong. it doesn't have that ability politically this year. >> hey, jason, it's jeff mills, great to talk to you i had a quick question, so you guys have some baskets you track internally, they do a pretty good job giving us an idea where the economy is going or something relative to policy you have reopening basket, benefits that will benefit from reopening, that uncharacteristically levitated as the 2-10 spread has fallen off the cliff so talk about how you see that baskets performance versus what we're seeing in the bond market. >> i will just say that is indicating, as you are pointing out, that the economy is going to be a bit slower, the one theme in the strategic macro thematic fund that isn't working

is the return to business travel there's another etf we have which is global policy opportunities fund, sgap, and that is focused on companies that do a lot of lobbying. that's doing a little bit better because it has somewhat more defensive companies in it. so i would argue that the economy right now in my opinion is showing 134 -- is showing some signs of strain but i wouldn't interpret that as a reason for the fed to stop tightening the fed doesn't have a choice, it is so far behind the curve it has to continue almost regardless of what is happening in the geopolitical and macroeconomic environment. it really has to focus on its first mandate, which is price stability. >> jason, always great to get your thoughts. thanks for joining us. >> thank you >> jason trenner of strategist bear company

that's pretty dire we talk about the box the fed finds itself in today, being forced to go down this path regardless what is going on around it do you still say the consumer will hold newspaper this environment? will hold up in this environment? >> it's a two-part answer, as long as the stock market does well, absolutely. unequivocally. i say for years, people feel richer when the market goes up regardless if they own stocks or not it was a market that stops on presippitous fashion the consumer stock will stop on a dime over the years. neve never under estimate consumer doesn't want to spend doesn't mean they should be. let's look at alibaba, chinese e-commerce giant is up nearly 50% in the past week as a sign of its confidence and

continued growth for the business tim, do you buy that >> this is the third time they've increased the buyback since the stock is in free fall, it's not a reason to buy the stock, it's up 53% off interday lows on a five-day the reason to buy the stock it is if you feel the pressure from the regulator is off alibaba because there is not a question about the growth and we've done the break down about what you get for free including the businesses like ali pay and others at nine times investment stocks are far too expensive which i see trends in china not dis going to disappear i like alibaba but not saying it should ride high. >> i will say this other than dis what could still happen, there's plenty of stocks in america that are down 70 with similar growth characteristics i just don't see

if we are worried about a geopolitical situation in europe, right, where we are seeing all sorts of multi nationals banning activity, i think you have to be worried about chinese. >> i hear you and think you're right to think of u.s. stocks as emerging markets, and people say why invest corporate government risk when i can invest at home, alibaba should be like google, alibaba and ten cent are two of the most important tech companies in the world they're not tiny they're massive. there's a lot of concern around what we're talking about but the fact is investors who do take a shot on some of these names long term will be in a good place right now they're holding back the entire emerging market asset class. >> shouldn't alibaba trade close to a multiple that's a a google trades at? should there be a permanent discount that is even greater in its valuation 24 these days

because of the geopolitical risk. >> we've been doing a lot of work on emerging markets asset class exposure and shouldn't trade on top of a stock like google because you have risk around regulatory risk and variable infrastructure and how investors are exposed to the companies, so there's inherit risk i think needs to be priced into these companies in material in terms of the move here, the valuation up 50% in five days i'd probably be fading this i feel it is a big negative sentiment bounce i was go some work just looking at how different areas of the market were trading and looked at k-web verse ark correlation 0.7 versus k-web compared to qqq where correlation is lower so you're seeing high beta names getting destroyed and bouncing

huge don't me if it is necessarily sustainable in this market. coming up. tesla tango, elon musk breaking out the dangs moves in the new tesla german factor, if you can call it that, is worth grooving into. and shares on a ddobe numbes next t ney" back in two o ited is going ultra! get more. like manny. event planning with our best plan ever. (manny) yeah, that's what i do. (vo) with 5g ultra wideband in many more cities, you get up to 10 times the speed at no extra cost. verizon is going ultra, so your business can get more. [sfx: street ambience] ♪ ["fly me to the moon"] ♪ ♪ ♪ imagine a community where millions share ideas and

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make your business future ready with the network from the most innovative company. comcast business. powering possibilities™. ♪ >> welcome back to "fast money." check out shares of adobe falling after report earnings, frank has been listening in on the call. frank. >> soft guidance top and bottom line. call just moments ago ceo focused on the creative cloud offerings and stock continuing to fall. creative cloud is part of the digital revenue seg isn't reported just above estimates. a ddobe with customers in the mt

versus like coca-cola and nascar -- adobe broke out russia and ukraine revenues that are small part of the buy after company stopped all sales in russia but said it will still work with its customers in ukraine shares are down year-to-date double digital incompetents. double digits. adobe not benefits from the bounce back of other tech names are seeing >> guy >> i think the stock was up $12 and giving it back now one thing that doesn't make sense to me. not that it matters but it was short of $700 stock in november. here we are at 450 yes the second-quarter guide wasn't great but wasn't disastrous by any stretch. talking about a company probably i don't know 20% eps growth trading to 28 times. i don't think is particularly expensive. i think it's a really important company and by the way their operating margins were really strong

so i think you buy this quarter and getting sold off in the after market doesn't make sense. >> i don't think you buy based on the year they're in, you have a stock trading 34 timeouts and eps growth 14% and revenue growth, 11% trading 12 times, a $212 billion market cap company that didn't give anything on the guidance, in my opinion, so i don't think you buy. if you look at the bounce off the recent lows we got distracted in the a-block. >> we always get distracted. >> what i'm saying it is a side show with the meme stocks and crypto keep on eye on these names, nike and the ones that will break the market back out. that's the only thing i care about. >> i think it's what we're w willing to pay for these stocks. i don't see churn rates going higher in subscriptions, it's a cash flow machine. i agree the numbers are expensive and software stocks

can come down more but the quality of the free cash flow is there in adobe. from software to cyber shares of octa dropping after a possible breach, stock down one and three quarters percent jeff, you've been following this one? >> this is something we talk about over and ore again, cybersecurity the biggest threat to corporate america, 10% of i.t. spend is on cybersecurity so a lot of these names yes are expensive but there's also runway think about a stock like crowdstrike, it's not cheap but has certainly gotten a lot cheaper and has a massive secular tailwinds and seeing operating leverage, going to 2018 they were spending 88 cents

for every dollar of revenue that's down 33 cents and annual recurring revenue up the growth is there you look at the chart. major down side crowdstrike fell to the post-covid high and held multiple times and turning higher there's other places to look palo alto is cheaper. okta i would buy i like the space especially after the rating in some valuation. >> the biden administration has been out and vocal about warning corporate america about possible cyber breaches from russia, specifically if we could travel in time forward to the future and listen to some of the conference calls from palo alto and acyber ark are we going to hear about increase spend during the quarter because of these potential attacks? >> look how excited he is when talking about traveling to the future. >> instead of just asking are we

going to hear -- with guy, i can only keep his attention if i can play a game. so play that game, guy. >> first, you're right about that, i like playing games, as you know i take umbrage if we can time travel, by definition isn' daylight saving time travel. i'll let you think about that for a second and say this, absolutely mel that was a rhetorical question you know on conference calls in the next few quartz you will hear all -- quarters you will hear all about the spend in cybersecurity. you have to look past michael raffl an you have to look past valuation and get your arms around what's going on in the world and own these stocks. >> we're just getting started on "fast money." here's what's up next. >> announcer: tesla turning up and musk boogies down.

rolling out the dance moves in the new tesla factory. plus our next guest lays out why this golf stock is hole-in-one investment. you're talking "faston mey" live from the nasdaq. serena... matrix... serena... matrix. ♪♪ ♪♪ ♪♪ ♪♪ get your tv together with the best of live and on demand. directv stream. ♪ ♪ wow, we're crunching tons of polygons here! what's going on? where's regina? hi, i'm ladonna. i invest in invesco qqq, a fund that gives me access to the nasdaq-100 innovations,

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am i at least going to get hit hard enough to forget this? nobody is going to forget this, ever. [bat hitting] ohhhh! i'mma call his momma. aflac! ♪ aflac! official partner of march madness. welcome back to "fast money." check out tesla surging higher, the stock is now up 24% in just the last week. this move coming as elon musk announced berlin factory is officially open for business let's bring in phil lebeau for more elon musk has danced before, sure, but don't know if you saw it like you did today.

>> who hasn't. in fact who hasn't queue the tape let's see it again you expect him to be in a cele celebratory move he's chasing a drone videotaping him. the plant has been open for some time now they're delivering vehicles from there the significance is that they are now deliver model wide the european buyers instead of importing them from the tesla plant in china and europe is of the three major reasons you see ev-sales around the world growing at a very fast pace. europe is the weakest of those regions for tesla. north america no surprise the whole market $3 350,000. china plant catching up. and europe vehicles had to be imported in from china that will

change and make a huge difference when you look at european sales annually they did $936,000 last year analysts expect them to report annual sales of $1.42 million this year. it will be interesting to see if they get there, melissa, because like all automakers they are seeing constraints in the supply chain including with semiconductors they've managed it better than a lot of other automakers but they are seeing that pressure and what we're seeing today with the giga factory in berlin we're going to see a repeat performance from elon musk i bet in couple weeks when they open the giga factory outside of austin, texas. it initially will be building models for eastern half of the united states and will expand to do the semi there and the cyber truck there for the eastern half of the u.s. >> has there been any

commentary, i don't know if he talked to the press at this event, i know they hiked price but about the cost and whether or not they've locked in certain levels things are still rising, how far do they anticipate those costs to be higher >> we'll find out during earnings hehas made limited comments, most of them on twitter, on social media, where he said, look, they are noticing the impact of higher commodity cost. they are not immune to it. the question becomes have they been able to manage it better than other automakers. the fact we're seeing prices go up is not a surprise but we're seeing it with all automakers, they're all raising prices and they have to because of what's going on with the supply chain we'll find out more in detail whether they're managing it better than their competitors when the quarterly numbers come

out in late april. >> phil,thanks phil lebeau. >> you bet. >> guy, i can't decide if elon musk dances better than you or -- vice versa >> -- >> look it traded to 700 and i never thought it would get back 1000 this quickly. individual stocks seem broken both on the down and on the upside. inclination 903 level, the previous all-time high going

back couple years we'll take a look again when trading at that level. >> amazing the cost it could have on ev, specifically, in addition to chip shortages and raw material to build the actual car but input cost into batteries, lithium, copper, all these metals in order to make them tim, i am wondering what your view on that is, they will have to raise prices again. >> yeah, it's a competitive landscape. we heard how ford is committed to it. there will be enormous upward pressure on every component in that car they've done remarkable job especially with the semiconductors bottle necks it's a case where prices have to go higher for a company that had a difficult time producing the model 3 at the price they said they were going to i realize they spiked up on sales. the issues for tesla is not about can they get the cars, can they produce them, it's really a question of the price you're willing to pay for the company. if you look at the stock it's somewhere around 990 and may be breaking the down trend from november highs a lot of charts look like this you could argue it broke through. although we had an enormous snap

back. >> cryptos cruising higher and details ahead. first we have a fast pitch, may be a hole-in-one investment. more on the pick when "fast money" returns. >> announcer: get your trades to go with the "fast money" podcast. catch us any time, anywhere, follow today on your favorite podcasting app we're back right after this.

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welcome back to "fast money." callaway golf bouncing more than 2% the stock has been struggling under performing the s&p this year by 6% one hedge fund 250eing up with khouw chief in what's the number one reason you're so confident in eli >> we have three reasons here. overall i think it comes down to valuation, strong trends callaway as a know sells golf equipment and apparel and recently merged with tile golf and so number one strong industry trends as reopening benefits top golf.

and golf overall has been doing very well. number two complexity has made it more likely for mispricing and finally there's valuation itself on the strong trends most of the value is in the company now. as the pandemic continues to subside we continue to see strong and improving result and earnings beats taking a step back in golf overall, the industry has been on fire during the pandemic with work-from-home rounds up 20% versus 19 last year we've seen four years in a row with more golfers on the course. all of this to the upside. pricing pattern we like to see in investments, better chance of being right. they struck this deal in 2020 at a good time stock is only few dollars higher than there despite the earnings and everything coming in much higher than planned. finally the valuation itself, we're at the low-end of the valuation range, good way to

look at its ebitda is at the low end of the range despite the business improving with this merger, top golf is more like shake shack, high-growth, secular grower and finally in december you have the ceo and cfo bought shares and last week in bigger size they bought more. >> guy's got a question for you, guy? >> sure. >> quick question is this, will this fall -- valuation compelling, absolutely -- is this simply a reopening trade? if you believe the back half of 2022 will be rebust almost by definition you have to own this stock. >> we think so, as group business comes back has made top golf good business in a unique economic level. >> eric thanks for coming on we're going to vote now. no more questions, are you buying eric's pitch on callaway. jeff mills >> i'm gone up give it a big yes.

i believe in the top golf story. i think that is going to propel revenues in a way that justifies the valuation. and i think flexible work arrangements keeps people engaged in golf. overall i think it's got runway here >> i like top golf i a. with am worried about the capital intensity in the short-term that's a golf club hitting a baseball if you didn't know. >> mixing metaphors again. >> dan >> great pitch there i would be worried if i were jeff's employer that flexible work situation. >> he lives on a golf course trouble. >> fair. >> guy >> can you read my smart board you might have heard him point out the insider buying, that's what i said. read that please mel. >> cfo bought stock #gsb. >> that of course, guy's smart board. you know jeff mills should be playing golf that's part of the job description, dan, leave the

general alone. >> all right >> thank you >> eric thank you. the traders have spoken. we want to do our twitter poll we want to know if you're buying eric's pitch on callaway vote on twitter. we'll bring results later in the show coming up $1.5 billion vc fund that is shattering records details when "ston" rern tus.fa mey nurse mariyam sabo knows a moment this pure...

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welcome back to "fast money." crypto investor katie hahn shattering records with her debut vc fund largest initial fund raised by a solo female founding partner let's hear from from kate who sat with her. >> yeah, katie hahn raising $1.5 billion for debut funds haun ventures $1 billion for later stage growth companies she really did become a household name in crypto after co-leading the digital asset funds at andrew and horwitz and surprised people by leaving in december, she was early coinbase

investor and sits on that company boardnd says a smaller team lets her be more nimble highlighting those getting into blockchain showing potential across industries. >> not a week goes by a new large entrance isn't coming into the space and it's reflective of the opportunity that will touch all industries, no different from some of the big bank and financial institutions when they started to invest and get more inquisitive about fintech they saw disruption was coming and there's no difference here with web 2 incumbents. >> haun has invested in multiple bear markets and learned lessons during what some call a crypto witness winter. >> don't get distracted by fund prices because during that cycle many products were

born and one thing i learned as an investor with a long-term view of the space is great products are going to be built and great protocols are going to be built no matter what the prices are in the space. >> haun tells me bitcoin prices and publicly-traited crypto companies like coinbase getting hit lately is not spilling over to private start-up valuations quite yet and the firm is investing in the equity of start ups and cryptocurrencies known as tokens which tend to be more liquid melissa. >> i'm not sure if katie thinks of it this way is there any thought that there's competition for those dollars, all those dollars going into funds like hers, she raised a lot of money, opposed to coins themselves. >> interesting that venture capital are competing with the average retail investors, one idea certain founders and entrepreneurs not taking venture capital money and just raising

token projects saying she wanted to be community led they are seeing examples of that, it's common they're let on the cap table but it's definitely a new funding model in general and there's a thought it could eventually be a threat to the venture capital model but a lot of competition she's like i mentioned a household brand name and people want her on the cap table. there's a flood of money going into the space cbs had a stat $25 billion went into blockchain funding last year we'll see if that keeps up as crypto prices go down and investors will want that exposure. >> $25 billion wow. is thank you kate rooney see the whole interview on our web side cnbc.com/cryptoworld. dan? >> it reminds me of the canned implosion of the markets vc is

small in comparison right now. it is like the web 2 in winter of 2018-19 and timing for finance and tech will happen in this period. >> the regulatory framework is so constructive for assets flowing in no question regulators are getting their arms around you're giving the ability for cio the ability more regulation more higher prices. >> coming up, grab your popcorn, amc had options traders running to the ticket counter. how they're playing it next. and are you buying callaway golf vote on our twitter poll more fast after this the countr. small businesses are fed up with big bills and 5g maps that are mostly gaps— they're switching to t-mobile for business and getting more 5g bars in more places. save over $1,000 when you switch to our ultimate business plan... ...for the lowest price ever. plus, choose from the latest 5g smartphones—

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, take a look at shares of gamestop rising 4.5% on top of 30 in the session. chairman increasing 11.9% going deeper into gamestop interesting the filing drops and there wasn't reaction and now the stock is rising. we'll keep watching. reddit stocks rising today, one

name seeing a lot of love among options traders, specifically mike khouw has the action, mike? >> the name we're looking at is amc. i will point out gamestop also traded more than 4 times it's average call volume today. amc traded well over 2 times daily options, that put it on the podium it was number three in terms of single stock options volume contracts trading today trading nearly 740,000 contracts overall calls significantly outpacing puts the most active options were the weekly 20-calls that expire at the end of this week, buyers paying just under 40 cents betting that the rally in reddit names might continue through week's end. >> mike, you said gamestop had a lot of activity as well. was it anything very unusual it was 30% gain today and then the chairman announces he increased the stake i don't know. >> wonder. >> it's about the 15th most

activitiesive and traded four times average daily call volume well over 200,000 contracts, 40 million in shares. if you have a float like amc of half a billion shares you are talking about nearly 15% of the entire shares outstanding trading on the options side in a single day, so this is pretty notable activity. >> guy, on your smart board before you wrote cfo buying as it pertains to callaway golf here we have chairman buying, an increase in stake, is that a positive for gamestop? >> i know what you're saying, you got to be consistent swhiz if it is good for gamestop got to be for a 34rks c. i thought the stock would gravitate back towards 50. here we are at 100 again just one more sign in my

opinion of a market that is a whee-bit broken, mel. >> all right, mike khouw thank you with options action. for more "options action" catch the full show every friday at 5:30 eastern there's time to vote on the twitter poll urin tdet and these results and yo falras next thinkorswim® by td ameritrade is more than a trading platform. it's an entire trading experience. with innovation that lets you customize interfaces, charts and orders to your style of trading. personalized education to expand your perspective. and a dedicated trade desk of expert-level support. that will push you to be even better. and just might change how you trade—forever. because once you experience thinkorswim® by td ameritrade ♪♪♪ there's no going back. [sfx: street ambience]

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welcome back time to find out if you are buying eric's fast pitch on callaway golf? it looks like he struck out. 57% say callaway golf was a bogey. once the traders said buy he was doomed time for the "final trade", let's go around the horn, guy adami. >> expedia mel, expe. >> jeff mills? >> crowdstrike, the chart, the growth, i think there's plenty of upside in this one. >> tim seymour. >> we talked about emerging markets and they're difficult if you want to invest in emx how

about south africa eza with gold and precious metals. >> dan. >> spy put my final trade. >> thanks for watching "fast money." see you back here tomorrow at 5:00 ar rhtthimrar j cme sttsig now my mission is simple, to make you money i'm here to level the playing field for all investors. there's always a bull market somewhere, and i promise to help you find it. "mad money" starts now >> hey, i'm cramer welcome to "mad money," welcome to cramerica my job is not just to entertain you but to educate and teach you. call me or tweet me @jimcramer here's what the true bears, the ones who hate the market never seem to get. when push comes to shove, a lot of people be