but there's one soggy sneaker stock karen finerman says is about to kick up dust.'ll tell us what that is in her "options" debut. it is time to make more. the action begins now. >> let's get right to it because next week is one of the busiest weeks for earnings and it will be all about the faang stocks facebook reporting on tuesday. the options markets on fang are more than 6% move in either direction. amazon and alphabet could see a 4% jolt when they report thursday together. that accounts for nearly $110 billion and a potential shift in market cap. with netflix posting a huge miss this week, how should you play these names into the reports let's get into the money, kick it off with mike mike, what are you looking at? >> i'm looking at facebook i think it is probably the biggest name that will be reporting next week. you know, often times on this show we talk about our desire to try to sell things when overpriced and buy when cheap. in the case of facebook, of course, going into a catalyst like earnings, what you're going to see is the nearer dated options will se

i know risk reversal is a strategy karen finerman likes to use once in a while.looks like a takeout trade to me or getting leveraged in long position. >> for more "options action", tune into the full show tomorrow at 5:30 p.m. eastern time. check out the kramer camp and we will see jim talking with the ceo of align technology. you know that stock got its teeth kicked in. >> don't say that. >> after reporting results catch the full interview top of the hour. live from the nasdaq market site overlooking new york city's times square, much more "fast money" right after this. ♪ >>> "options action" is sponsored by think or swim by td sponsored by think or swim by td ameritrade ♪♪ ♪♪ mno kidding.rd. but moving your internet and tv? that's easy. easy?! easy? easy. because now xfinity lets you transfer your service online in just about a minute with a few simple steps. really? really. that was easy. yup. plus, with two-hour appointment windows, it's all on your schedule. awesome. now all you have to do is move...that thing. [ sigh ] introducing an easier way to move with

rather have more bang for the buck >> our next viewer asked why has it taken so long to have karen finerman >> karen, why has it taken so long >> this is tremendous. >> that's a very sweet tweet i don't know who wrote that. my son, maybe. thank you. >> time now for the final call what do you say? >> it's great having you on and it broadens the conversation i also think you ought to take a look at call calendars and facebook going into spring >> i'm not a giant options trader but i definitely use my portfolio or footlocker. >> so you're sticking with risk reversal i actually thought her trade was interesting. i know karen really well and the idea of overlaying a position like that to adleverage i think makes a lot of sense and there's another thing about tesla the idea of buying a well-defined push makes sense. >> see you back here next friday 5:30 don't go anywhere. "mad money" starts right now the following program is a paid commercial presentation for total gym fitness. [music] everybody work out. feel the energy. build a better body. the best you can be. another body easy as 123. oh. ahh

traders on the desk, steve grasso, karen finerman, guy adami, dan nathan. facebook, amazon, google all reporting results flex week. how to pro situation yourself ahead of the big reports a major developing story in the oil market, crude shooting higher on news iran seized two tankers in the strait of hormuz. we are watching the reaction very, very carefully karen, you are noting in the after market session the futures look like it was reacting to this look at the oil market you would think there would be a little bit more to this than what the oil market is pricing in what do you make of in >> too political, it doesn't seem to move oil at all. steve alluded to this a couple of days ago. i don't think geopolitical risk or uncertainty has any effect on the oil market whether it is right or wrong i don't know, but i do think it has -- for the broader market i think it has huge implications, and we'll talk about it quickly. i don't think iran wouldn't do this on their own i don't think. i think clearly they have the backing of somebody out there, and i think th

rather have more bang for the buck >> our next viewer asks why has it taken so long to have karen finerman >> karen, why has it taken so long >> this is tremendous. >> that is a very sweet treat -- tweet. i don't know who wrote that. my son maybe thank you for that >> all right time for the final call. mike, what do you say? >> i certainly hope we have karen back great having you on. i like the way it broad ens out the conversation i also think we ought to take a look at call calendars in facebook going into earnings >> karen >> yes not a giant option trader but i definitely use my portfolio so foot locker. sticking with it risk reversal 47 1/237 1/2 >> you're sticking with risk reversal >> yes you, too >> i thought her trade was really interesting i know karen obviously well and i hear her talk about stocks all the time the idea of overlaying a position like that to add leverage makes a lot of sense. the other point about tesla i think mike said it you wouldn't be short tesla here but the idea of buying a well defined makes sense. >> that's it for us on the big o.a. see you next friday at

site overlooking new york city's time square i'm million traders on the desk are mark tepper, karen finermannd mark grasso we have full team coverage on netflix, less than an hour to go until its call gene munser is getting ready to fire up the red phone in minneapolis. mark is here to break down the after hours moves on the charts. we start with the big move the stocks at after hours session lows, plunging double digits after adding 2.7 million subscribers, lowest amount in three years. are the best days behind this stock? steve grasso >> i don't think so. bespoke, paul hickey was on. he said a great thing about seasonality, the second quarter is a bit tough it gets better going into year-end i think if you are a netflix bull, this really hits you in the gut, but longer term i think you can stay long. >> that's looking at the glass half full, isn't it? 2.7 -- i mean 2.7 million. >> it is a terrible number. >> versus 5 million, the first drop in u.s. paid subscribers ever. >> that's the key. >> you could -- you could argue, you could argue that, okay, fine, wall street got ahead of itself an

. >> karen finerman will be on "oa" next week how exciting is that >> i'm thrilled. >> it is quite a it is unbelievable. >> hang in there she will be there. >> yes, two fridays from there team retailer american eagle jumping on board the cbd craze and a new deal to sell the products in store but will the millennial bet pay off for investors? joining us to talk all things crypto after the first ever approval of a digital coin ofrifeng it will layout what it means for the cryptocurrency space we have that and more right after this ♪♪ ♪♪ ♪♪ but i can tell you liberty mutual customized my car insurance so i only pay for what i need. oh no, no, no, no, no, no, no... only pay for what you need. liberty. liberty. liberty. liberty. ♪ >>> welcome back to "fast money" the cannabis craze is heating up as retailer american eagle announces its plans to sell cbd-infused body care products in store through a new deal with marijuana company green growth brands it is the third partnership for the cannabis producer, joining abercrombie and fitch and designer brands. could it give retailers a spark or

we have pete najarian and guy adami and karen finerman following the earnings rereport, we will find out what is next for microsoft. plus cloud strike. striking it bill byck g in the t erpgs report since the ipo oil getting crushed in the session. we begin with big breaking news on boeing. the company out with new numbers on the impact of the grounded 737 max planes let's get to phil lebeau with the latest phil >> melissa, not surprisingly boeing will take a big hit when it comes to the q2 earnings that it reports next week let's run down the numbers the company announced within the last half hour it is taking a $4.9 billion after tax charge that works out to $8.74 a share. that's for the second quarter. essentially it comes down to the 737 max, they say it is due to concessions and considerations they're going to be needing to make to customers, not only those they made in the second quarter but extending over the next couple of years revenue and pretax earnings are going to drop by $5.6 billion in the second quarter or they're going to be reduced by that much in the second quarter.

. >> karen finerman. >> yes, the airlines i own, but american airlines has been sort of the laggard ofican, delta, united. you know, obviously the 737 max is somewhat problematic but it is not the end of the world here, and yet it is priced like things are really bad. they're not. the traveler is still there. consumer is there. american airlines. >> remember the stock draft, noah syndergaard was the thing to see. >> oh, yeah. >> and you are going to love -- >> you will look great in yankee pin stripes. my question before "final trade" is thor a met this time tomorrow yes or no, melissa >> yes. >> yes, he is. >> nice job, mel. >> mckesson after the bell tomorrow goes higher. >> see you back tomorrow at 5:00 for more >>> 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 [ cheers ] [ applause ] >> hey, i'm cramer welcome to a special summer in the street edition of "mad money" from the heart beat of the market, th

traders on the desk are pete najarian, karen finerman, brian kelly and pleased to welcome jeff mills from pnc. thank you for coming in, jeff. >> thank you. >> here is your setup. the dow squeaking out a record high today, and for all of you bulls out there, there is one chart that could, maybe, signal more gains ahead we will show it to you because we're tv plus, netflix on deck. their results tomorrow media mogul tom rogers will be here to tell you what the key is going forward for their streaming success. >>> but we begin with planes, trains and automobiles, the transport surging back today trucker j.b. hunt crushing earnings the airlines soaring that group up, 5% in just the past week so is the classic dow theory, the idea the transports are going to lead the market back in vogue? it's been around 100 or so years. pete najarian, is that move a huge move for airlines, railroads, truckers, mean that it is all all clear for the overall market >> i don't think it is that easy i don't think the markets are ever that easy everybody loves to say that. >> is that theory dead >> i would sa

tim seymour, karen finerman, marc tepper and guy adami are on the desk check out the after hour action. chipotle, snap and texas instruments on the move. we will break down the headlines for you. ups is upping the delivery game, what the company announced that could deliver big time for investors. to infinity and beyond, beyond meat hitting another record high in today's session can anything stop the stock? we are digging in. we begin with breaking news out of washington, the justice department launching a big probe into big tech. let's get the de-tais with ylan moye. >> we have confirmed that the department of justice is announcing a broad antitrust review of big tech likely to include amazon, facebook, google and apple. in a statement, it was set that without the discipline of meaningful marketplace competition, digital platforms may act in ways not responsive to consumer demands. he went to say that the department's antitrust probe will explore these important issues the focus of the new inquiry will be whether companies reduced competition, siefld innovati stifled innovation or har

site overlooking new york city's time square i'm million traders on the desk are mark tepper, karen finermano we have full team coverage on netflix, less than an hour to go until its call gene munser is getting ready to fire up the red phone in minneapolis. mark is here to break down the after hours moves on the charts. we start with the big move the stocks at after hours session lows, plunging double digits after adding 2.7 million subscribers, lowest amount in three years. are the best

traders on the desk are pete najarian, karen finerman, brian kelly and pleased to welcome jeff mills in, jeff. >> thank you. >> here is your setup. the dow squeaking out a record high today, and for all of you bulls out there, there is one chart that could, maybe, signal more gains ahead we will show it to you because we're tv plus, netflix on deck. their result

we have pete najarian and guy adami and karen finerman following the earnings rereport, we will find next for microsoft. plus cloud strike. striking it bill byck g in the t erpgs report since the ipo oil getting crushed in the session. we begin with big breaking news on boeing. the company out with new numbers on the impact of the grounded 737 max planes

tim seymour, karen finerman, marc tepper and guy adami are on the desk check out the after hour actionas instruments on the move. we will break down the headlines for you. ups is upping the delivery game, what the company announced that could deliver big time for investors. to infinity and beyond, beyond meat hitting another record high in today's session can anything stop the stock? we are digging in. we begin with breaking news out of washington, the justice department launching a

traders on the desk, steve grasso, karen finerman, guy adami, dan nathan.ook, amazon, google all reporting results flex week. how to pro situation yourself ahead of the big reports a major developing story in the oil market, crude shooting higher on news iran seized two tankers in the strait of hormuz. we are watching the reaction very, very carefully karen, you are not

overlooking new york city's times square live, i'm million your traders the desk are tim seymour, karen finermanof tech titans wrapping up the busiest earnings day of the season. alphabet, amazon, intel, all on the move in the after hours session. those conference calls getting under way. josh lipton just got off the phone, deidre bosa standing by gene munster is ready to break down the headlines coming out of the calls. alphabet soaring after the company beat on both the t