>> i'm going apple picking i'm selling puts on apple. >> mike khouw?g into earnings. >> that does it for us on this friday "options action" will be back next friday at 5:00 p.m. eastern time - [announcer] the following program is a paid advertisement for nuwave oxypure smart air purifier sponsored by nuwave llc, featuring deborah norville on award winning journalist and new york times bestselling author. - we are all living in strange and unsettling times. never in history has everyone on the planet been challenged by the same thing. covid-19 has changed the way we work, the way we interact and we're all still trying to figure out what it means for our future. amidst the uncertainty, all of us are trying to take care of our families as best as possible. i've lost track of how many masks i've made

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mgm keeping cool with yeti lessons learned from a gray swan delivered by swaum carter worth, mike khouw, tony zhang. disney shares on a magical ride up nearly 28%, and the house of mouse could be heading to a fresh new all-time high. mike >> yeah, so this is an interesting situation. we've got disney close did all-time highs here. if people are just taking a look at the historical performance of the company, one of the things you might be asking yourself is, we've got free cash flow for the year, that's probably going to be one-sixth of the peak it reached in 2018. we've got net income that's going to be a small fraction of what it was in 2018. the parks are closed what is the bull case here the bull case is a couple of things disney plus. just shy of 90 million subscribers, maybe the 2024 expectation of multiplying that by close to 4, 350 million subscribers, pet in perspective, soundly in competition with a company like netflix which itself has over a market capitalization of over $200 billion. this week we heard california legislators talking about the possibility of reopening parks

long a called debit spread >> mike khouw?me to make that bullish play >> that does it forrous "options action." we'll see you back here next friday at 5:30 eastern time. a special bonus edition of "fast money" starts right after this break. stay tuned i'm searching for info on options trading, and look, it feels like i'm just wasting time. that's why td ameritrade designed a first-of-its-kind, personalized education center. oh. their award-winning content is tailored to fit 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 ♪ some people say our trade-in process feels too easy. visit tdameritrade.com/learn they can't believe it's 100% online and gives them a competitive offer that won't change for 7 days. an offer that they can put toward their new car. some people can't be

that's mike khouw's call to action today take it away >> if you go to central texas, one of the thingsto learn is that the brisket at the worst barbecue in texas on 360, rudy's barbecue at the shell station is better than any barbecue you find outside of the state of texas you can have 90 days in a row where it's over 90 degrees i moved to central texas and lived there for five years i figured out the only way to keep your drinks cool was to buy a yeti you'll notice behind me, i've got a whole pile of these things these are great coolers, and it's a really interesting company, not one that we've talked about very much it's had a spectacular period of growth what's interesting about it is that if you look at full-year earnings, it's trading about 35 times that number. despite the fact you've got about 15% top line growth, close to 20% eps growth. as we look into earnings in yeti, this stock has moved just under 8% and right now the options market is implying a move of more than 10%. if you bought the march at the money straddle this stock would need to move 16 1/2% either higher or lowe

mike khouw and tony zhang. the cannabis trade blazing hot we'll break down what is fuelling this frenzy and how to lay with pot without getting burned. >>> plus the next big opportunity with chips is the name on a big breakout we'll bring you the trade. later we'll take your tweets if you've got a trade, tweet us @optionsaction. we might just answer your question on air. >>> while the record rally continues to play out in the u.s., there could be an even bigger opportunity emerging abroad let's go off the charts with chris varone take it away. >> what we're seeing globally, particularly emerging markets, this is a really important juncture for e.m you're breaking out of a 15-year base if we pull up the first chart, this is the etm -- etf think about the longer term catalyst here. dollars are weak flows are starting to move west to east, north to south. rates, oil, copper think the setup here is still very attractive for this to be the beginning of a longer-trm move remember, the last time em broke out to this m

tonight's trade lineup, chris verrone, head of technical strategas, mike khouw and tony zhang. >>> coming up, reefer madness hits the options market, the cannabis trade blazing hot we'll break down what is fueling this frenzy and lay out a way for you to play pot without getting burned. >>> plus the next big opportunity in chips is this name on the brink of a big breakout we'll bring you the trade. >>> and later we're taking your tweets if you've got a question about an options trade, tweet us @optionsaction. we might just answer you on the air. >>> we start off tonight with a record day on wall street. the dow/nasdaq/s&p 500 closing at all-time highs. and while the record rally continues to play out here in the u.s., there could be an even bigger opportunity emerging abroad so let's go off the charts with chris verrone. chris, take it away. >> yeah. i think the big story is not what happened domestically this week but what we're seeing globally, particularly emerging markets. this is a really important juncture for e.m you're breaking out of a 15-year base this was a hugely consequential

silver i'm sure you heard about it, but did you know it was the best day in nearly 12 years well, mike khouw we saw a lot of options activity that's what we saw in slv, the etf designed to track silver which saw more than five times the average daily call volume. more than 2.5 million contracts. the 30 strike calls expired this week and next week traders were paying $2.10 to buy the 100,000 contracts overall. the 35 strike calls, they were extremely busy traded 23,000 call contracts for those watching don't know, the silver futures represent 5,000 ounces it's much bigger than slv. it saw 75% of the interest being traded today a lot of bullish bets in both spaces. >> mike, thank you dan, is there a trade left on silver >> i'm going to reiterate this the cme reaches 18%. this trade gets harder and harder pushing these markets around that's all i'm saying. >> all right there you go big headline anyway. 18% margin "options action" 5:30 m.p. eastern time up next, your final trade. ♪♪ ♪♪ ♪♪ >>> all right. welcome back look at virgin galactic popping after hours. spacex, elon musk going to spend th

mgm keeping cool with yeti lessons learned from a gray swan delivered by swaum carter worth, mike khouwride up nearly 28%, and the house of mouse could be

mike khouw and tony zhang.thout getting burned. >>> plus the next big opportunity with chips is the name on a big breakout we'll bring you the trade. later we'll take your tweets if you've got a trade, tweet us @optionsaction. we might just answer your question on air. >>> while the record

professor mike khouw tests the doppler effect around target it's time to risk less and mak

seven years ago stepped down as ceo of oracle but has remained there as a presence there have been khouwm there are ways to have more or less involvement in as a chairman i depends how much is actually cede to the new people. >> jon, we were cut off earlier. what were the thoughts you were finishing off? >> i don't have to say anything. mike said it that's exactly the point i was going to make is that larry ellison hasn't been ceo of oracle for white a while but is very much present and influential at that company. you lock at bill gates stepped back from the ceo role but still had an outsized presence at microsoft for years. there is nothing like a founder. there just really isn't. and jeff bezos is such an integral part what have amazon is, his presence will sooning felt there he has been doing a lot of different things for a long time i want take this as a mund shift in what amazon is or necessarily how it is focused. i think it is a statement about the value of aws and the things that amazon has been innovating in there about you think about the scale of it -- yes, if you are just lo

netflix's khouw-ceo joined cnbc today to discuss whether the new rise in rivals changes their strategyicipating that this day was coming. i am surprised it took so long but we always anticipated that there would be such thing as a disney direct to consumer product, a warner or hbo direct to consumer product. a paramount direct to consumer product and those folks wouldn't want the make their programming for netflix for too long that's why we got into this at the beginning. we knew people's tastes were willedly diverse and to reach the scales we wanted to reach we had to be equally pleasing >> joe, i will let you take this one on the streaming wars. number five, many questions, how many are we going to subscribe to which stocks do you want the bet on is netflix going to be dethroned? >> well, viacom is -- first of a all there is a lot of buying activity in viacom understand you still have paramount which acts as a head wind for viacom. i am not excited about the buying we are seeing there the best thing that has happened to disney has been netflix because that has motivated disney to mov