>> so emc, options are certainly bullish here. for example, we saw two times the 20-day average call volume trade so roughly 27,000 contracts of which most of them were brought. the focus really was on the shorter dated options expiring both this week and next week so using an example of one specific trade. we saw almost 10,000 calls when emc was slightly below $25. this is a quick pop type of strategy. emc has a number of different rumors and number of different month possibilities, they could buy it and one of the things speculated out there. we have an article today talking about the down stream merger where it would be buying emc. >> full show of "options action" tomorrow. >>> in the meantime, traders tell us what they are watching at tomorrow's open right after this break. stay tuned. i'm here at the td ameritrade trader offices. ahh... steve, other than making me move stuff, what are you working on? let me show you. okay. our thinkorswim trading platform aggregates all the options data you need in one place that lets you vis

we do emc, more of a catalyst-driven story as we move through the year. >> it's interesting you bring because that's one company that was a big eventor for the chinese government, for chinese state-owned enterprises, ba year ago the government started paring back if these foreign-owned companies. i'm wondering that we're seeing so much volatility in china, if the fact that ibm, oracle, emc, do a little bit less business there. facebook, netflix, goog the don't operate there. will that end up being a blessing in disguise for some of the companies. >> for emc they don't have a huge china exposure. for the storage industry overall it's still largely europe and the u.s. we think that the pc market will continue to be somewhat driven by the overall chinese market. which we heard from last week that hp continues to see overall broad weakness in the pc market. that shouldn't be a surprise at this point. but as relates to the emc, we don't think china is a big change factor for that company. >> broadly, erin, the companies that do a little more business in china, of course apple. how do you m

keep in mind emc owns 20% of vm ware. emc is going up and up.o you have any -- >> i know it's kind of a slow grower. vm ware has become the creature of the growth stock phenomenon, you buy it on dips and it doesn't rally anymore. be careful of both. doug in california? >> caller: thank you for taking my call. do you sell renos -- >> i got empanadas to die for. my empanadas, try them. >> caller: all right. three quick questions. mobi never gets a lot of press. they were down today. also, finally, on abmd, did you crunch the numbers on their -- >> i love the abmd. let me give you my take on mobiley. get in line. all right, let's go to brandon in california. >> caller: booyah, mr. cramer, i'm brandon from los angeles. i need an nfl team right now. >> i think it would help espn. st. louis, i love you, but rams what can i tell you? >> caller: we'll take the niners with the new clean power plants, what is the portfolio stock like ss -- which is down 30%? >> solar city it goes up and down, trades with the first solar. that's the better play now. we'll

and if you look at traditional solution provider in this space, cornwald and emc and symantec.nd if you look at the technology that is out there in the marketplace they show their age because these things were invented 10, 15, 20 years ago. and what we are doing is like creative destruction, what silicon valley stands for is renewal of this particular market, this particular segment with newer technology from web scale world bringing into the enterprise. >> yeah, another way to think about it is the last disruptive technology shift that occurred in the backup and recovery business was about ten years ago when comvault entered the marketplace. prior to that emc, symantec, ibm, a host of larger companies had been around for 20 or 30 years doing various backup and recovery procedures, if you will. and so this market is ripe for a change yet one more time. and i think the team and the technology ideas that they have are very much in vogue with this notion of on prim and cloud-based capabilities. i'm quite impressed with what they're doing. >> bipul, where are you in the life cycle

wants to do a deal with emc or some other company.eg: we did not create these two companies to compete with each other. we created these companies to go after new opportunities that only they can pursue. at least for some period of time we have well-defined swim lanes. hp inc. will be all over 3-d print. all over immersive reality. we will be focused on converged infrastructure, software defined data center, our services businesses, helping customers take ip infrastructure from where it is today to where it has to be. that is the reason i do not think it makes sense to eat the other company. we should take share from our competitors. emily: have you had moments where you thought i do not know if i can do this? this is hard. meg: it is hard. whenever you come into a turnaround -- and i have done a couple of them -- it is always harder than you think. even though i was on the board, you find out things that you could not see as a board member, so it has been tough as the company had been through a lot. it just takes perseverance. you ge

wants to do a deal with emc or some other company.eg: we did not create these two companies to compete with each other. we created these companies to go after new opportunities that only they can pursue. at least for some period of time we have well-defined swim lanes. hp inc. will be all over 3-d print. all over immersive reality. we will be focused on converged infrastructure, software defined data center, our services businesses, helping customers take ip infrastructure from where it is today to where it has to be. that is the reason i do not think it makes sense to eat the other company. we should take share from our competitors. emily: have you had moments where you thought i do not know if i can do this? this is hard. meg: it is hard. whenever you come into a turnaround -- and i have done a couple of them -- it is always harder than you think. even though i was on the board, you find out things that you could not see as a board member, so it has been tough as the company had been through a lot. it just takes perseverance. you ge

i bought some emc. have board motor added to my position, and guts more caterpillar. whenever people are freaking out, for me it is a buying opportunity host: the condition of your current portfolio aside how did it work out? caller: it worked out pretty well. every time the market goes down it means a buying opportunity to when the market goes up i have more money in my pocket. host: we have seen the stories today with concerns over china's economy. the decisions the federal reserve has make when it comes to interest rates. think about those things and investment or do they influence how you invest? caller: i think about it and i call my broker and we have a little talk and he is telling me that the knife is still falling on oil stocks. i would like to get another oil company, but he thinks they will go down even more, so why catch a falling knife. are your investments largely in the stock market? caller: i retired now. i have a lot of money in the stock market and i do have a couple of annuities, one is ira and some of my reserves over the years through dividends is

and as we saw from emc, the giant analogy coming out of -- technology company out of massachusetts, they that they could be acquired, this is very big and important, they typically do not move 7.5% in a day, but it's happening right now. go downstream and look at a company like violin memory, maybe -- it has been completely blown up in the last year. it is getting a strong bid the day before it comes out with earnings. this stock is moving dramatically today. -- up.memory of but when he market catches -- when the market catches a cold, these stocks have a fever. alix: the question is, how long can this really last? i will show you a chart. it looks at netflix versus 100 days, those moving averages. it is trapped between those levels. how long can something like this last, or does that moving average really drag it down? went so high, only went so low. they just keep doing that and they make money. the question is, when does the market change those stocks that fundamentals, or this is a business that has yet to prove itself. can makeke a profit -- a profit, but the question is when sentim

of tech in the broad gauge in correction, off 10% from the recent highs, that list includes oracle, emcrce, though that stock, salesforce is in the green today after the last earnings report. pleased the streets so mark benio benioff's company bucking the street in the today's trade. and another move we'll keep our eye on is netflix, down hard again today, down more than 10% in the past five days. scully of cantor fitzgerald says netflix, a crowded momentum name. when those names crack, they tend to free-fall. still scully telling me he remain as netflix bull. he points out the company just this week raising prices in europe. so france, germany and the netherlands specifically. that's an indication he says, subscriber growth is strong. scully's price target remains 125. kayla, back to you. >> tough week for tech and tough week for the broader markets, too, up next, we will get the european close. oftentimes this has been the turning point for the markets amid the volatile sessions, the dow down more than 300 points. ♪ ♪ if you can't stand the heat, get off the test track. get the merced

. >> but the rumors and speculation are that it was your idea to promos a downstream merger to emc.rue? >> well, i can't comment again on rumors and speculation but, as i've said, we're quite convinced the federation structure is the best one for us as we go into the future and we'll be reinforcing that as part of the great conference that we're participating in this week. >> all right. patrick gelsinger, we appreciate your time this morning. >> well, thank you very much. and just great to be able to talk about the great things we're bringing forward to the industry. thank you again. >> all right. patrick gelsinger from san francisco. >>> when we come back, some major hollywood movies are leaving netflix and the company says it's not worried at all but should investors be? rick santelli, we're watching these markets. oil has gone positive. what are you watching today? >> reporter: we're going to do a little postmortem and chicago pmi. fits and starts really describes it accurately, but here's a wild one. according to most traders i talked to, they think with the fed all roads lead t

emc is the one everybody is focused on. what is emv? european visa mastercard. the computer chip on a card that helps event against counterfeit fraud on the card. it makes it more difficult or me as a eve to re-create this versus the old mastercard's we still use today. the important thing is this card-present counterfeit fraud. we are the last country in the industrialized world to go there. one,ve the date, over 2015. date, october 1, 2015. i think, if we look at some of the global deployment numbers, it is interesting that worldwide. aboutoption rate is 40-50%, on the merchant side, i , it ist up the means closer to 80-90%. we're likely to see the same trend in the united states. merchants are more likely to adopt the card if it will reach.e their only one in 10 cards right now americanip that are in consumer wallets. we're close to october 1 now. what does it mean for consumers date?e hit the october 1 some businesses will be ready to accept the cards. some will be able to use it. some businesses will not. i want to go into a few reasons why. it is not for l

i bought some emc. i bought ford motor, added to my position there. also got some more caterpillar.so whenever people are freaking out, for me it's a buying opportunity. >> the condition of your current portfolio, aside from buying these stocks, how did it work out? >> caller: worked out pretty well. i mean, every time the market goes down, it just means a buying opportunity, and when the market goes up, i have more money in my pocket. >> we've seen the stories today, concerns over china's economy, the influence it has on the market, the decisions the federal reserve here in washington has to make when it comes to interest rates. do you think about those things in investment or at least do they influence how you invest? >> caller: i think about it, and then i call my broker, and we have a little talk. he's telling me that the knife is still falling on oil stocks, which i do have. i'd like to get another oil company. but he thinks the oil stocks will go down even more, so why catch a falling knife? >> are your investments largely in the stock market, or do you have other means of ret

it's almost like the female emc emcees. nicki minaj is great, but i know 20 nicki menajs.ble women. >> when i heard from ice cube's song and we'll play this whole thing tomorrow, but apparently cube's analysis of the change in hip-hop is structural. not the emcees are whack, is that's the music industry changed it what it provided by space for. and i think your point about women emcees is clear. we hear this discourse about hip-hop is bad for women, misogynist misogynistic. i don't want to tell the boy what is to say or not say, but i want to hear more girl's voices. i don't need boys to put me on a pedestal, i just want to hear more women and whatever stories which might be uplifting or sexy or political or whatever. the i feel like i'm missing that. >> i agree and when you think of the genesis of hip-hop or rap music in general, it's hard to escape the misogyny. it is. it's not just an annoying part, it's a foundational -- >> right, it's the third pillar. >> right. >> but we have to be clear about why. the world that we live in is a a misogynistic world. >> i would also

fraudsters tend to look for low-hanging fruit and byte emc will raise their marginal cost. no doubt about that. we are d.c. front stairs starting to look at other types of information that they can sell medical information, for example, one with those credentials go for far more on the online dark markets than the credit card information because fraudsters understand the credit card credentials are protected by layer upon layer of banking retailer protection than actually turning those card credentials into merchandise they can resell is becoming harder. things like medical information, information necessary to commit tax i.d. fraud is all information forefront stairs. my point in mentioning that is i don't want to debate over em the insect card security and we need to hold up data security legislation that addresses in an important way all of the vulnerabilities that businesses and the government to the u.s. house. a good first step is a comprehensive law from congress that says you need to have reasonable data security. that is the baseline we can all agree on. we need to

emc up 4%. more big gainers, google a conviction buy from goldman sachs, is that right, sandra.andra: 30%. stuart: well, it's up $32, 5% as they say there's a lot more to come. merck up 3 1/2% et cetera, et cetera, et cetera, so there's a solid bounce. >> i don't know why the average investor would try to be bottom picking, you know? trying to pick when the-- >> i agree with you. >> why? >> if they think the companies should be in your portfolio. sandra: or buy them now and hold them and do your homework and research and find out what you want to own and watch and track them a little bit see if they go to a price attractive for you to own at those levels? >> especially if you've got them in a plan and you don't pay a tax on that profit and shift the money into bigger name stocks you think are better for the long. am i doing something wrong. ashley: i don't think so. very sound advice. stuart: thank you very much indeed. that's pretty good. now we're up 328 points. sandra: and you're on the shoe show enough. stuart: you advise people, john, what's wrong with buying the big name s