brian kelly and brian sutland. welcome. it's like "brian's song" options style. while the brians and mike are getting ready here's what's coming up tonight. ♪ >> that's what some traders think could happen to big oil's lush dividends. and we'll tell you what it is that has investors so worried. ♪ when you wish upon a star why is this man smiling? because disney has earnings next week and some traders think it could be downright magical. we'll explain. >> i'm afraid. all right? you want to hear me say it? >> and you have good ranz to be, rocky, because the vix is doing something funky and it could spell trouble for stocks. the action starts right now. ♪ she drives me crazy >> i'll get right to it because theres with one area of the market that struck fear in the hearts of traders today and that would be energy. the sector just had a record-breaking 13 straight weeks of losses. exxon hitting a one-year low on earnings. question now, are the big dividends of big oil still safe? let's get in the money and find out. brian kelly is make a rare appearance on "options ac

brian sutland. >> i'd be a buyer of calls or call spreads in the s&p 500. you buy volatility and you buy stocks together because i think the market's poised to move higher significantly. >> mike kuo. >> i agree wholeheartedly with that. right now the vix is low, options are cheap, the market's going higher, you buy calls. >> scott. >> vix is low for a reason. >> that's it? >> that's it. >> looks like our time expired. i'm >> 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. it's my job not to just entertain but to teach. call me at 1-800-743-cnbc or tweet me. in the face of declines, rallies and plain jane garden varieties in this market we must always guard against our own human

brian sutland. >> i'd be a buyer of calls or call spreads in the s&p 500. you buy volatility and you buy stocks together because i think the market's poised to move higher significantly. >> mike kuo. >> i agree wholeheartedly with that. right now the vix is low, options are cheap, the market's going higher, you buy calls. >> scott. >> vix is low for a reason. >> that's it? >> that's it. >> looks like our time expired. i'm melissa lee. thanks for watching. we'll see you back here next friday at 5:30 for more "options action." "mad money" with jim cramer starts right now. >> announcer: the following is a paid presentation for derm exclusive instant anti-aging, brought to you by beachbody. >> hi, everybody. i'm deborah norville. and i've got breaking news from the world of skincare. this time, there's a celebrity twist. keep watching. you are not gonna want to miss this. [ cheers and applause ] >> announcer: if you don't like the face staring back at you in the mirror... >> my skin was sagging. really heavy bags under my eyes. >> announcer: ...if age, sun, str

brian kelly and brian sutland. welcome. it's like "brian's song" options style.s and mike are getting ready here's what's coming up tonight. ♪ >> that's what some traders think could happen to big oil's lush dividends. and we'll tell you what it is that has investors so worried. ♪ when you wish upon a star why is this man smiling? because disney has earnings next week and some traders think it could be downright magical.

. >> one man who has been watching it, brian sutland, our resident fear merchant.t does the vix plunge tell you you about stocks. >> we did have a 39% plunge in the vix at the close on thursday. some analysts say that means the market will rally over the next few days. it means it can rally over the next three and six months so we start looking at some numbers here today. what we found was something interesting, ever since we've been in the bull market. there's been a handful of days here, the last three times in fact where the vix plunged over 30% in a five-day period. that's a very fast drop in vix and volatility, fear coming out of the market. look what we found, huge moves in the next three months. and then it fizzles out and you get a little growth in the s&p over the next six months. maybe a little back-end filling. the next three months, a big bullish timeframe for the s&p. here's what happens. is any of these big huge plunges here, right. you get a nice bounce off the lows. 100-day and 200-day moving averages that the market bounces off and the rally contin

. >> brian sutland. >> b.k. thanks for being on time, roll down that facebook facebook. >> 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. i'm just trying to make you a little money. my job is not just to entertain you but educate and teach you. call me or tweet me @jimcramer. how much do i wish we were finished with earnings season? after today's action how much i would love to sit back you know somewhat what? do the show sitting down with my feet up! kind of sit back say all right, who's really doing well? who's really doing badly? we're having this relentless day-to-day analysis. we're still the thick of it. which is why we need to stay rigorous. this is made more difficult by the shear number of new companies that have had the guts to come public. let's start with next monday when we get results from clorox. the quintess

. >> brian sutland. what are your levels and how do you see the trade moving? do we move higher from here before we go lower? >> yeah, i think anthony has got those levels right. i expect about $3.50 bounce off the lows, probably up to the $54/$55 level. ultimately oil is headed to $50 again. i think it needs to retest in the 40 range we saw six, nine months ago. so that's a possibility in the cards here that we eventually trade below 50. >> tune in to the online show, we'll talk more oil and also talk to peter bookvar who will tell us why the second half could be a little rocky for stocks. you don't want to miss it. futures.now.cnbc.com. >> what's your take on oil, energy stocks, big oil. some are moving in anticipation of getting more business. >> i don't know if the deal with iran will be pushed through the congress, okay. hard to see how it would. without a lot of safeguards, and in god we trust, everyone else i want to verify. in any event, oil is rising, the saudis indicate they keep pumping, from my point of view, i have a lot of money invested. one bill