iwm. think you want to stick with this trade and continue to look to finance longer-dated puts. >> looks like our time has expired. i'm melissa lee. for more "options action" check out the web side. of course our daily segment inside "fast money" at 5:00. meantime, see you back here next friday for more "options action." have a great weekend. >> announcer: the following is a paid presentation for cize, brought to you by beachbody. this is the end of exercise. >> get ready to cize it up. [ beat drops ] [ people cheering ] are you ready to dance? 5, 6, 7, 8! >> ♪ on my way in i'ma take it ♪ >> stop exercising, people. it's time to start dancing. welcome to cize. >> announcer: cize is the all-new dance workout program that's gonna make losing weight fun and easy. >> to me, it's not even exercise because i don't want to stop. >> announcer: it's simple -- dance, have fun, and get awesome

iwm.nk you want to stick with this trade and continue to look to finance longer-dated puts. >> looks like our time has expired. i'm melissa lee. for more "options action," check out the website. and of course, our daily segment, "inside fast money" at 5:00. meantime, see you back here next friday for more "options action." have a great weekend. >> announcer: the following is a paid presentation for the nutri ninja/ninja blender duo featuring the latest auto-iq technology, brought to you by euro-pro. ninja -- turn on your life. >> i feel vibrant. >> amazing. >> fantastic. >> incredible. >> whoo! >> i feel focused. i feel energetic. and i feel more alive than i have in a long time. >> announcer: why are all these people so excited? >> i have that energy that i had so long ago. >> i just feel so much more focused. >> i absolutely feel like a new person. >> announcer: are you ready to finally turn on your life? then get ready for a breakthrough that will help you feel fantastic, look amazing,

iwm.nk you want to stick with this trade and continue to look to finance longer-dated puts. >> looks like our time has expired. i'm melissa lee. meantime, see you back here next friday for >>> 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. other people want to make friends, i'm just trying to make you some money. my job is not just to entertain you, but to educate you. so call me at 1-800-743-cnbc or tweet me @jimcramer. you need to try to make money from everything that gets thrown at you. today wa t

>> i think you can push down in the iwm. the russell. >> i said it three times on the show, kb homes. i'm going to make four times the charm. it took a lock time to get to the spot. i think the risk is to the upside. >> i'm going to use my abacus, five times, one more than grasso, i think you take profits on xl. you don't have to short it, but you take some profits in the utilities. >> guy? >> good show for wednesday night. i really enjoyed it. tomorrow's going to be big. you've got elway on friday. it's going to be hot. >> today's thursday. >> good news. >> so regis. >> i'm melissa lee. we'll see you back here tomorrow at 5:00. don't go anywhere, "mad money" with jim cramer starts right now. \s >>> my mission is simple -- to make you money. i'm hire 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. other people want to make friends. i'm trying to make you money. call m

take a look at the iwm. here's a great example. this is the small cap index. these stocks have got no respect for years. much worse than the large caps we talk about all the time. it might close above its 200 day moving average for the first time in 2016, maybe today. maybe tomorrow. take a look at all country world index. this is the whole global, xus. you are now seeing this index up 16% off its february lows and you are seeing the same thing, you look at health care, might close above its 200 day for the first time all year. these sectors have not been part of the recovery and now you start to see them come on strong. i really believe that's what investors should focus on if they are looking for the next leg higher should we break out. s&p only 2.5% off all time highs. >> think we can get there? >> i continue to believe we can. the path of least resistance is higher. earning expectations incredibly low. the conversation over the last couple months was all about what's the long book, who's got the energy exposure. well, energy is healing itself so that bodes

. >> in the iwm, trader rolling up and out a put spread selling 90,000 of the may 106-36 put spreads90,000 of the june 108-98 put spreads paying $1.50. $13 million and breaks even at 106.50 on june expiration and can make up to $75 million if the uwm is down at the lower end on june expiration. i want to make one point when you see that rolling action. it's likely a hedge against a follow of small-cap stock. go to the two-year chart and lock at the downtrend right at the 200-day moving average. maybe they think it's hit resistance. >> for more options action full show friday at 5:30 p.m. eastern here on cnbc. up next final trade. king 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 and lets you visualize that information for any options series. okay, cool. hang on a second. you can even see the anticipated range of a stock expecting earnings. impressive... what's up, tim. td ameritrade. >>> time for the final trade. around the horn we go. pete najarian? >> happy birthday to my daught

if you look at inflows into thes, the most were in iwm, russell 2000, tracking all caps. -- small capst tells you that people have the risk on mentality. thehe same time, second one was minimum volatility etf. that is what is happening at the heart of markets. people willing to put on risk but at the same time, they are much more eager to be protective. flipside, you have a high-yield market benefiting from this risk on trade. spread narrowing after rallying so much. the question is how long can that last, is that a good thing? is that keeping companies in business when they should not be anymore? part ofi think that is the rally back, the stabilization we had in the bond space. if you look at volatility on the high-yield bond etf versus the earlier in the year, the volatility for the price shot way up. a lot more than the s&p vol, which did not happen in august. i think a lot of what we had stems from the bond market, concerns that those types of issues in energy were spread. alix: great stuff, thank you, oliver renick. scarlet: we have some headlines on apple that could be hurting th