tony, what is it >> the stock i want to take a look at here is mohawk a stock we don't think of very much within the home builder in index. it's one of the largest makers of carpet and flooring if we look at the chart here for mohawk, a long term chart. this is a six-year chart you see that $175 represent a fairly significant support level that broke below that in about 2018 we finally got back up it here in march we come back to retest the level at support and bounced higher. this is the opportunity that i see for substantially further upside especially if you lookt the long term charts if you zoom into the short term charts here, we have seen about almost a 25% pull back in the past two months. recently, we broke out above that bearish trend line. i think on the short term charts you have the timingfor further upside when you look at the business itself, this is really where i think this is quite interesting. you know you have a company that's growing revenues about 15% this year and it still trades at about 15 times earnings which i think is relatively inexpensive considering the

so the stocks that i want to take a look at is mohawk, a stock that we usually don't think of very much within the home builder index they are one of the largest makers of carpet and flooring, an essential piece of home-building, so if we look at the chart here for hoe hawk, a long-term chart here, this is a six-year chart, you see that $175 represents a fairly significant support level that broke below that in about 2018, and we finally got back above it here in march an after breaking above it we've come back to retest the level of support and bounce higher so this is the opportunity that i see for substantially further upside, especially if you look at the long-term charts, and if you zoom into the short-term charts here, recently we've seen about a 25% pullback in the past two months, and recently we just broke out above that bearish trend line so i do think that on the short-term charts you have the timing for further upside here, and then when you look at the business itself. this is where i really think it's quite interesting you know, you have a company that's growing revenues a

so actually the trade that tony was talking about earlier in mohawk is the kind of trade that i wouldng a look at las vegas sand a way to offset the fact that implied volatility in that name is a little bit higher. >> it is time now for the final call from the options pits, carter worth, what do you say? >> q's can expect a little bit more on the upside, but it's time to hedge. >> tony zang. >> carpets and flooring with mohawk, i'm buying a call debit spread. >> mike khouw. >> hedge when you cannot when you have to. i like q put spreads and consider covered calls on stocks that you own. >> that does it for us, have a great july 4th weekend special edition of "fast money" is up next. >> announcer: "options action" is sponsored by think or swim on td ameritrade. your investing goals and interests. and it learns with you, so as you become smarter, so do its recommendations. so it's like my streaming service. well except now you're binge learning. see how you can become a smarter investor with a personalized education from td ameritrade. visit tdameritrade.com/learn ♪ ♪♪ visit tdameritrad