all -- all birds >> all birds is the sneaker they're copying. >> aside of which dan nathan has multiple pairs. >> and the implication is dan has some really ugly shoes >> it's a aschum he is not here. >> that's the bottom line here. >> i'm not saying that it sounds sounds sounds like other people are saying that. >> dan and guy said it clearly. >> yes. >> the bottom line. >> unintentional. >> not the bottom line for dan's shoes but bottom line for amazon. >> again, for amazon, i think this is probably not a big deal in the big picture of things in individual incident, but again i will use the term krerl accelerant and say the rotation out of the momentum is accelerant for amaze on president downside. >> dan strolls up on the set process the wings for "options action" with the fancy sneakers on. >> they are fancy. >> not knowing all these guys are putting his sneakers down. >> are those amazon sneakers >> in a world -- >> what are you guys doing >> making fun of your sneakers. >> the whole show has been off the rails, really. >> stick around, 5:30, "options action." >> "options action."

lucky for us, dan nathan is here with a way to play that. dan, what have you got >> interesting name. we often preview these events because everyone is pining away if they're going to upgrade their super compute never their pocket, and what we're seeing in the past few years is the cyclings are elongated, and we walk away from these events less excited than we were whe the company was innovating on a quicker scale. when i look at this event, i look at it the way the options market is looking at it, not too excited. they are about 2%, not particularly excited there's the chart of implied volatility over the last year, about 24%. that's at the lower end of the one-year range here. i'm telling you that short-dated option prices are cheap. what does it mean for you out there? if you are a long holder, you could think about buying options to either replace your existing stock or buy puts. there's a chart right there. i will let carter speak to it a little bit it had the nice uptrend from the lowe on january 2nd. it seems to have a lot of technical

think apple has another hit in its pocket and trade war is working their way into the rearview, dan nathan has a strategy dialled in. and -- lululemon stock was off and running right after earnings. >> follow that rocket. >> keep your pants on. don't go chasing mike khouw has a more balanced way to regain good positioning it is time to risk less and make more "options action" starts now. >>> let's get right to it. check out the trills, krarnging higher after a summer slump, up 7% from the august low and less than 4% from all-time high, this despite looming trade and economic slowdown fears, but with more than half of the sector sitting in correction territory or worse, chart master says the sector may be gearing up for a big break down. carter is at the plasma to break it down. carter. >> this has been one of the area that has been a hope trade as they say, when you are hoping it is hopeless it is not a thesis, it is nothing. in fact, these lines, these charts will prove that this line here is the presidential election. what you see is this big bump up in industrials, and here is the relat

your traders on the desk are tim seymour, bryn kelly, dan nathan and guy adami. is there trouble brewing in ipo land why this year's most highly anticipated debut may pull the plug on going public beyond meat getting grilled. we'll hear from the man who made the call later, the big battle between netflix and disney what netflix needs to do to come out on top of the streaming wars the s&p 500 now is just over 1.5% away from a new all-time high look at some of this week's standouts, semis surging more than 4% for their best week in about two months retail rocking, gaining 3% on the week, and one stock in the front lines of the trade war, caterpillar, pulling back for a gain of just over 3% trade optimism seems to be back but is it enough to sustain the rally? guy. >> you find yourself sometimes like the salmon swimming up streams. >> there's an "l" in there. >> thank you i feel as if i am one now. i am swilling upstream and it feels futile, but i will stick to my gun. i still think the headwinds are out there, and i think the market is due for a significant sell-of

. >> chant as much as you want but dan nathan warns the semis aren't coming back any time soon. >> and costco run huh? >> yeah. >> he says it's over the stock's next plot twist. it's time to risk less and make tire

pete narjen, karen finerman, dan nathan and guy adami process we were talking a great deal because of nancy pelosi's announcement of the formal inquiriy into eachment what did you make of the reaction today with, pair that with what transpired today because we had two appearances from the president, one alongside the ukrainian president. >> i think a lot of people will say that the rally was based on the fact that maybe there is not a lot to nancy pelosi's statements last night maybe the impeachment doesn't go far maybe it's over before it begins i don't think it was necessarily that it was more president trump at one point said we're closer to a deal with the chinese than the market is giving credit for than we're getting credit for you'll be surprised. i'm paraphrasing but that language to me that's why the market went up, dow, 180 some points we'll find out over the next couple weeks i submit still there is no deal. and i think jamie dimon said the same thing he toents see a deal with the chinese before the 2020 election dawning this is the right environment to have a vix trading n

. >> chant as much as you want but dan nathan warns the semis aren't coming back any time soon. >> and. >> costco run huh? >> yeah. >> he says it's over the stock's next plot twist. it's time to risk less and make more options action starts right now incht take a look at the names leading the space ere. >> it's not a home builder but very related nonetheless here's the five year chart and you can see the diversity. and basically we're talking about no progress for the better part of five years now here's the chart how can we draw the line as well just call this a double bottom you can also call this a fairly big head and shoulders bottom. this is clearly a down trend and this is an up trend. a sequence of higher lows and higher highs so the betting here is that this is actually going to break out and let's zero in on the chart here and now a lot of tension that you can see if you wanted to put in that part and what we can see is a slight gap above tensions there levels are remarkably precise as is so often the case with a good set up and here today we have plenty to run here. >> all ri

dan nathan says this could be the start of more pain for the space.e will explain check out shares of aurora cannabis burning out off the earnings release breaking down the results and what it means for the cannabis craze. much morp "fast money" right after this >>> dlifrpg alpha, the most important investor summit nine years running. strategy from leading althat generates. direct access to policy makers and government leaders on september 19th, who who calls the shots now. go to delivering alpha.com to attend this year's blockbuster event. >> you will come away with ideas that you can put to work immediately. >> plus special guest vice president mike pence talks economy and trade war impact reserve i don't wish spot now at delivering alpha.com do you have concerns about mild memory loss related to aging? prevagen is the number one pharmacist-recommended memory support brand. you can find it in the vitamin aisle in stores everywhere. prevagen. healthier brain. better life. it's an honor to tell you that [ applause ] thank you. liberty mutual customize

think apple has another hit in its pocket and trade war is working their way into the rearview, dan nathanas a strategy dialled in. >>> and -- lululemon stock was off and running right after earnings. >> follow that rocket. >> keep your pants on. don't go chasing

dan nathan pairs that with some other high points to work on to play plus - >> the fedex guy. >> tonight, that's mike khouw. he's delivering a way to box up the shipper ahead of earnings next week. it's time to risk less and make more "options action" starts now. >>> and welcome, everybody let's get the show on the road the countdown to the fed decision next week there is the countdown, 4 days 20 hours, 28 minutes and 38 seconds. investors want to see if they cut interest rates the second time this year as ongoing trade tensions and concerns about economic slowdowns stoke fears of a potential recession this is bond yield, see a bit of a boost this past week with the 10-year touching its highest level since july but our chart master carter worth says there could be a rate cut on the horizon he is at the plasma to break it down carter. >> as is so often the case, markets are ahead of the government both at the stock level and the bond level and rates have moved up in anticipation of things and presumptively maybe already priced in a certain amount of what might be coming here is the yield

. >> chant as much as you want the dan nathan warns the semis aren't coming back. >> costco run, huh. khouw says it's over he scripts out the next plot twist. it's time to risk less and make more "options action"

health care by putting bristol myers unthe microscope then microsoft, apple, google and now amazon dan nathan completes his maga market quad effect aire. find out how to play the final name for the win plus, we're going to keep running with the second sports theme. mike versus nike mike khouw ha has what you need to to know to outpace the quarterly report next woke it's time to risk less and make more "options action" starts now. >>> well pharma in focus on wall street as washington lawmakers grapple with the best path forward on drug prices but there is another side of health care that could be head forgive a breakout carter werth at the plasma to break it down. >> i thought we'd look at bristol myers haven't done this stock in a long time it's an opportunity. 30-year chart, two lines you can see the optics and the orange line is bristol mier relevant to peers, the s&p 500 health care sector to some extent bristol meyer undershoets and overshoots the great undershoot, great overshoot. thedy veerjens of late appealing to me and more immediately how it's behaving day to day you have the sector

. >> chant as much as you want the dan nathan warns the semis aren't coming back. >> costco run, huh. >> yes and mike khouw says it's over he scripts out the next plot twist. it's time to risk less and make more "options action" starts right now. >> let's get right to it, it's been a sturdy here with the xhp etf tracking the group outperforming the broader markets. look at some of the names leading the space. dr horton. lennar all surging double digits and less than 5% from fresh 52-woke highs. the chart master says one name is building up for an even big are break out. carter head over to the plasma and break it down. >> sure looking at whirlpool not a home builder but related nonetheless. and whirlpool has been a laggard i think that's the opportunity here the five-year chart two lines you can see the divergence lennar, pulte and other names. orange whirlpool basically what you are talking about is no progress for the better part of five years. literally -- not no progress -- bad versus this. now watch. here is the chart. how can we draw the lines? one way we can draw the lines is c

traders are tim seymour, dan nathan appear steve grasso jefferiry mills. welcome good to have you with us. >> thanks, tyler. >> the big show, the drama goldman and its credit ka card partner apple, arguing over television pricing apple tv that is goldman seeing a 26%downside for the stock. apple doesn't like it not one bit. that company fired back in a state at cnbc and the desk will play judge judy and we will rule on who is right and not. and then cashing in on regional banks, the best week in almost three years. but the kre is still underperforming the market broadly. the traders check the sector balance. in case you didn't notice it's indeed friday the 13th. >> oh, no. >> yes,s it. >> scary. >> are you feeling lucky unlucky. >> clint eastwood. >> always feeling lucky. >> roll that 44 magnum right now the only thing unluckier than broken miles an hour mirrors and walking under ledders is the big familiar name chipotle, alta all trailing are they bargains? let's talk about the market this woke three weeks in a row, steve of nice gains for the broad marke

so if you're betting on even more pain ahead, dan nathan has a way to play it on the cheap. asma. dan. >> in this time of market volatility a lot of traders are looking for opportunities to play for volatility, for cheap options that have the potential to pay out a lot if they get unexpected movement. and, you know, we talk about the s&p 500 all day long it's only down 3% from its all-time highs some might say it acts relatively well. there's some other pockets of opportunity, though, in the options market to make money if things kind of go haywire again. and it could be away from equities, and one area that could be interesting is high-yield debt. and one of the reasons why we spend a lot of time talking about the yield-curve inversion, its treasuries, high-yield debt is levered to companies that basically, you know, have a harder time borrowing. they have worse credit then if we have some sort of earnings recession, these are companies that might struggle to pay back that debt and in those scenarios, you're going to see high-yield indices turn lower we have seen that time a

joining us for the entire hour is dan nathan, founder of risk reversal advisers. welcome back to you. >> sara. >> so there's something you're looking at about the s&p 3000 level and fed meetings >> if you go pack to july 31st, the last time that the fed met, they cut a quarter basis points interest rates the first cut in ten years and the stock market was above 3,000. and and it wasn't until the trump tweet the next day that we broke down and stayed down all of augusts here we are now, expectations are for another cut, and it seems like the s&p has really paused again at the same level, about 3,000. >> we've got lots to discuss with dan, but let's drill down on the big stories we're watching today bob pisani is tracking the big reversal leslie picker has details. mike santoli has a special market dashboard ahead of fedex's earnings which hit after the bell and we'll have for you here on "closing bell. >> a big day in oil. oil dropped right after the open on a reuters story that saudi's oil output would be fully back online in the next two to three weeks. saudi's e

i'm in for melissa lee our traders are pete najarian, karen finer man, dan nathan and by guy adami. time to play offense and easy on the clutch, uber and lyft finally getting in gear traders play the role of back seat drivers will debate but first energy stocks logged biggest day since january. the sector closed out of correction and this following a major weekend attack on saudi arabia's oil facilities. if the outage is extended or if military action is employed, what could the further fallouta. >> first, welcome. this is the first time that you hosted the show. and your father is watching. so your daughter, the whole hour -- mike evans -- why did i say mike evhe have evans. >> too bad we are live are you the best >> and what is the fallout i'm surprised the market didn't trade off more over the weekend i'm like 25, 3 almo handle easy but none of it really happened airlines down a percent and a half and so to me this is actually a very encouraging day and this is from somebody whos th has been bearish for a while. >> encouraging >> that is regards to the market last week we had a p

. >> dan nathan. >> these apple product events oftentimes sell the news if you want to be constructive into the fall and buy calls, do it after the event. >> that esdo it fo >>> my mission is simple, to headac make you money i'm here to level the playing field for all investors. there is 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 other people want to make friends, i'm trying to make you money. my job is to entertain, teach and put it in context. so-call me at 1800-743-cnbc or tweet me @jimcramer. can i get please, can i get one of these today the labor department released not so hot employment numbers and while that's not exactly what we wanted, it's what we need that's why stocks were able to rally on that news, the dow gaining 69 points higher most of the day and s&p climbing .09% and the nasdaq is tech heavy and does well when the economy is really slow dips 1.7%. why the heck are rerootiwe rootr weak data? it's about the macro i've never been a fan. it's a big picture when int

city's times square this is "fast money" i'm melissa le traders are tim seymour, karen finerman, dan nathan and steve grasso feeling the burn investoring slamming the brakes on peloton as it debuts. is the ipo market showing signs of cracking we din are dig in we have the earnings alert on micron moving lower after earnings alert we're we break down the headlines. beyond loving it micky d's sinking teeth in the meetless craze we have all the juicy details. >> dw you write that. >> i wishdy. we begin with a teching wreck on wall street. the fang stocks stumbling, all posting big big losses the past few days is this fang-free fall taking down the broader market tim? >> some cht frank free fall is something i think we saw three to six months ago. clearly with the regulatory headlines on doj in june big moves facebook and google have had a tough time getting out of their own way amazon got back up to all-time high has not exceeded that i'll let the chartist tack about that but when you think about the market for the last month and four or five months yes we saw the interesting rotation into cyc

steveias o and dan nathan and guy adami from our own delivering alpha conference. billionaire investor says she is short grub hub the desk debates then tesla's model three wins a top safety rating after the crash score but is now a safe time to get into the stock the traders take the wheel on this microsoft breaking out its growth, maybe value whatever it is it's outstanding performer but a buy here and now does microsoft hold the key to new market high sns guy what do you say. >> first of all, you have to -- you know, we criticize dan on twitter. >> really. >> >> he is criticized. >> dan. >> why. >> why is he criticized on twitter. >> for being do youwers. >> but can't coined maga we can fire the graphic at the top of the show. dan does know a lot. >> the maga trade. >> yes. >> and look at the m. in maga as we know is microsoft so. >> some hat. >> on straight valuation price to earnings it's expensive look at the last quarter i mean, eps beat was significant. the revenue beat was amazing azure grew 64% year over year. operating margins 230 basis points better year

dan nathan deny adami. breaking a while ago mushing hurd taking a leave of absence due to health.the conference call expected within the hour. we'll keep you updated as the story develops then if you didn't know sass stands for software as a source but could stand for software as source of pain hong kong stock exchange launches the 3

city's times square this is "fast money" i'm melissa le traders are tim seymour, karen finerman, dan nathan slamming the brakes on peloton as it debuts. is the ipo market showing signs of cracking we din are dig in we have the earnings alert on micron moving lower after earnings alert we're we break down the headlines. beyond loving it micky d's sinking teeth in the meetless craze we have all the juicy details. >> dw you write

your traders on the desk are tim seymour, bryn kelly, dan nathan and guy adami.ing in ipo land why this year's most highly anticipated debut may pull the plug on going public beyond meat getting grilled. we'll hear from the man who made the call later, the big battle between netflix and disney what netflix needs to do to come out on top of the streaming wars the s&p 500 now is just over

traders are tim seymour, dan nathan appear steve grasso jefferiry mills., tyler. >> the big show, the drama goldman and its credit ka card partner apple, arguing over television pricing apple tv that is goldman seeing a 26%downside for the stock. apple doesn't like it not one bit. that company fired bac

i'm in for melissa lee our traders are pete najarian, karen finer man, dan nathan and by guy adami.n the clutch, uber and lyft finally getting in gear traders play the role of back seat drivers will debate but first energy stocks logged biggest day since january. the sector

steveias o and dan nathan and guy adami from our own delivering alpha conference. says she is short grub hub the desk debates then tesla's model three wins a top safety rating after the crash score but is now a safe time to get into the stock the traders take the wheel on this microsoft breaking out its growth, maybe value whatever it is i