jus hold or just get out. "options ac "options action" fans wanted to know jus know just one thing. what will what will dan do now? before we before we answer that questio let's see let's see how much money was made. ma had you sh had you shorted nike two weeks ago you wou ago you would have made 2%. dan's put s dan's put spread today can be sold for $ sold for $1.10. that's a that's a return of more than 20%. 20%. so even be so even better. now, dan now, dan is obviously off the desk. desk. he's actu he's actually at the beach, but the caribb the caribbean queen was gracious enough to enough to call in and give u his next m his hey, dan, h hey, dan, ho >> hey, gu >> hey, guys. you know, you know, i was called a muppe last week last week and now i'm a caribbean caribbean queen? >> is th >> is that an upgrade? i don't i don what's y what's your next move? >> the stoc >> the stock was actually up in the prema the premarket. it sold o it sold off, it was down at one point 4%, point 4%, 4.5%. to me the to me the issues here, and this is why we is why we entered the trade, the stock was stock was near all-time high the time. the time. material material costs, labor costs, freight c freight costs are going up. they said they said inventories were high in emerging in emerging markets. a lot of t a lot of things that to go well to go well here for this stock. 4% off the 4% off the all-time highs, you know what know what i mean, to continue to go up. go up. so to me i so to me i think you n a consoli a consolidation or a re this move. this move. so i'm st so i'm still sticking to that $100 level. $100 level. i think we i think we see it over the n couple we couple weeks. i think i i think it's going to be really importan important for u.s. multinat multinationals to demonstrate that inp that input costs are not hurting them, tha them, that currency head winds are not hu are not hurting them. i think we i think we will see next coup next couple weeks. >> the tes >> the test is whether or not we see that see that consolidation. we have car we have carter braxton worth. what do what do you see in the chart? >> 100% wi >> 100% with dan. it broke it broke badly today on heavy volume news volume news related, earnings th earnings that were quite good but not go but not good enough. in principl in principle one day did you s not make t not make the end of this shoul this should deterior time. time. stay short. stay short. >> stay short. >> stay short. now, a whil now, a while back didn't you on a bear on a bearish bet on nike? the timin the timing was off but the fundamen fundamental reasons were pretty much the s muc >> right. it was a li it was a little premature. i'm glad h i'm glad he revisited the story opportunist opportunistically as he did. i'm in th i'm in the same camp. typically typically when you see stocks roll ove roll over you get a few days for it to pla it to play out. you neve you never want to try to say i'm going to going to cut and ru first d first day. i think y i think you continue to lean on the short the short side. >> dan, wh >> dan, what would be the one thing you w thing you would be looking at in terms of ni terms of nike in the next couple weeks? weeks? >> well, te >> well, technically like what carter jus carter just said, the one of th one of the biggest volume days since the since the fall, and to me this could kind could kind of be the signal. i actuall i actually was taking a look at oracle ear oracle earlier in the week. they beat, they beat, the stock opened up, down about down about 8%. it's closed it's closed down the last three days since days since a beat an raise. raise. so to me i so to me i think you want to see a a continuation of this weak and and i think you impress it, but about about 100 i think with the catalyst t catalyst the company has laid out with out with the olympics and european european soccer champions in the summer, i summer, i think you want to look to to cover the shorts around >> i woul >> i would probably cover because ti because time is worki you now. you now. this is st this is still out of the money and now t and now time is just cut this e cut this every day. >> okay. dan, have dan, have a great vacation. see you ba see you back here hope we week.