the semiconductor etf, the smh is up almost 5% this week. one big options trader appears to be skeptical. thanks to a massive trade we saw seven times the daily average put volume trade in the smh today. dan, what does that tell you? >> yeah, it wasn't just today. it was yesterday also. yesterday there was a buyer of 45,000 of the march 54 puts when the stock was about 55.5 or something like that. today another buyer of 50,000 march 55 puts. here's the thing about unusual activity. we quote it all the time. we cite it. you never know exactly what it is. is this an outright bearish stock? this person may own so many semiconductor stocks that this looks like the cheapest short of protection to them in a lot of ways. we don't make decisions just on unusual activity. but it got me thinking about the performance of some of the names. in the etf. massive outperformer last year. it was up 60% of the year. you know what? this year it's down 9% of the year. it's lagged the chart. i think we have it. momentum is waning here. i know there were some larg

that's called the smh. this is a real good proxy for the broader industry. it illustrates how they have been powering their way higher for years. look at this what a chart. they have been leading the market consistently since 2009 and they have been rallying practically in a straight line. tell me this isn't a thing of beauty. people ask are we almost back to 2000? it's getting there. still, the semi-conductor group is still more than 45% off the all time highs for the year 2000. let me just add, these stocks have been rallying on earnings power and they're still fairly inexpensive on an earnings basis. they're not rallying rallying dot come rallying dot come rallying dot come karma. it's been above that line the green for the last two years. an extraordinarily long period. normally you would be scared. you'd be scared away. wow, this thing is already up too much but you would have missed a big move had you felt that way. this is what is called this pattern, an imbedded overbought and it's positive. not a negative. more important, the trend on the monthly ch

you can dive in and get specific and go after like semis with the smh or something like that. >> smh, xlk, the 100, with the qs. >> app is almost 20% of the xlq. >> you don't want to pick something in tech on your own and not get some of that alpha you're looking for which is why you pick a broad market one like hers. >> that's exactly our point. if you think about the diversified exposure we're anticipating volatility picking up in the u.s. marketplace this year. with the vix at 15 and arguably the long-term average is 20 we think that looking at having a diversified exposure to the semiconductors hardware, software makes them a better investment for consumers moving forward. >> your return will be better if you take advantage of the volatility and get into a stock that gives you great entry point and that's how you really generate return than just index returns. however it's more difficult, you have to know what you're doing. i think it's a mistake to classify old tech versus new tech. >> right. >> i think stock specific i like cisco quite a bit, left behind last few years. i think

overall the smh has gained 5.5%. as for the social media stocks, they fared mixed as well here. on the nasdaq you got the biggest one, facebook. it's up just 1% year-to-date so it has contributed although not much. a real standout has been twitter. it's not even listed on the nasdaq, it's up 35%. just wanted to point that out. it is listed on the new york stock exchange. but then there's the biotech stocks. stocks like cellgen, gilead. they're pretty big in terms of market cap. the ibb continues it's upside momentum up 11% year-to-date. those biotech stocks continue that strong momentum kelly. back over to you. >> yes, they do dom. that's exactly where we want to pick up. thank you. biotech etfs leading the charge. ticker ibb, lots of chatter on the street because it's been up 300% in the last five years. >> those biotech names were the top nasdaq performers in 2000. remember that? but is it the right bet today as we approach 5,000? joining us with the bullish case, eric schmidt and jeff porgis is taking the bearish case. eric, it's up to you to make a bullish case. 300% in 5 ye

digiornio siding with the star offering food for thought tweeting delivery, smh or shaking my head perhapstch it for dollars" where we find new ways to save and make you money. well, this morning how to turn all those handbags piling up in your closet into a stack of cash. becky worley is here. >> good morning, robin. did you know that the average american woman buys three new handbags a year and about 65% of us have a bag in the closet we're not using at all? you know you can sell it but where can you sell it to make the most? maybe it was a gift. maybe you splurged. but it's like keeping a pile of money in your closet. so dig out that fancy handbag and let's see which resale option could net us the most dough. you basically have three options, you got your consignment store. ebay or an online reseller that special eyes in high-end fashion. hi. >> good afternoon. >> hoping i can sell this with you. >> consignment stores name their price. this one says it would list this purse for $140. offering me a 50/50 split. my payout 70 bucks. ebay next up. in previous sales this purse sold for almos