protective positioning first, carter with stock from international domestic short winds and finally mike khouw uses today's trading hulls as several russian etf as teaching moment to deploy options when market liquidity start to evaporate. let's get to it. stocks drop as ukraine adds to domestic concern carter, with a stock away from all of worries what is it? >> that's right. sometimes you're on auto pilot if you will. united health care meets all of the criteria let's look at the charts the first one is a comparative two-year rendering of the s&p 500 versus united health you see how their paths are diverging. s&p is rolling over. unh continued on let's look at the same two-year comparative chart and add the health care sector this is really interesting united health care leading the way, beating the s&p, s&p is also beating the sector which means united health care is beating its peers which are lagging in the market. now unh chart, first, one way to draw the lines, the move from the october low 30%, up, versus the s&p up 12. now this pull back or pause. the second way to draw the lines woul

defensive fizz finally, earnings season never really ends, there's still stragglers to set up, mike khouw mikes on micron time to risk less to make more "options action" starts right now. >> let's get right to it, despite the s&p's second weekly win in a row there's a ton of uncertain for the average investor so carter worth is completing his offensive/defensive theme of the month with possibly the healthiest of health care names, carter, what are you looking at tonight? >> that's right this say follow on from lilly pharmaceutical and follow on from united. we'll look at johnson & johnson. the first chart is all data. what we know is the leader on the top, orange versus blue, johnson & johnson versus s&p all dated back to 1977 and johnson & johnson has tripled the s&p, dow jones constituent currently the 11th largest in the s&p now look at the past 10 years. second chart what we see of course is the s&p has doubled j&j. you have a long-term winner that has crushed the s&p 3x yet in the past ten years is trailing by 50% that's a nice set up if the chart looks good and it does so here and n

there are still stragglers to setup around mike khouw takes on micron options action starts right now> let's get right to it. despite the s&p's second weekly win in a row there's still a ton of uncertainty out there for the average investor carter, what are you looking at tonight? >> that's right. this would be a follow on for lilly. let's look at johnson & johnson the leader there on the top you're looking at orange versus blue, johnson & johnson alli dat back since 1977. flip it around look at the past ten years. second chart what we see, of course, is that the s&p has doubled. and over the past ten years it's trailing by 50%. that's a nice setup if the chart looks good, and it does. the here and now chart first this is the past decade. this is a mathematically perfect and finally the here and now chart. what do we see a stock toying with prospects of breaking out above a former high that high was back in august at 180. the stock right now at 177 and i think it's going to break out. let's play it. >> all right, mike, let's do it. what's the trade >> so johnson & johnson i mean as ca

the risk/reward ratio favors dr horton, buying, and call debit spreads. >> mike khouw? in the case of lilly and put debit spread in xlf. >> that does it here for us on "options action. we'll be back here next friday at 5:30 p.m. eastern time. don't go anywhere. "mad money" with jim cramer. >> announcer: this is a paid advertisement for csn. >> you know, many times, i've been out here with a new coin release, and i have asked for a drum roll. and in all honesty, in the past, it's really just been nothing but hyperbole. but this time, i really would like a drum roll. i don't think i'm gonna get one, but i really think i should have one. this is, i think, the singular most important numismatic event certainly of the last quarter century, perhaps in my entire professional career, in terms of interest, in terms of collectibility, in terms of

>> concern about future volatility in the market buying a put hedge on spy. >> mike khouw? >> that does it for us on "options action. see you back here next friday at 5:30 eastern time. "mad money" with jim cramer starts right now - [announcer] the following is a paid commercial program, paid for by ancient nutrition. these statements have not been evaluated by the food and drug administration. this product is not intended to diagnose, treat, cure, or prevent any disease. this content is for informational and educational purposes only. it is not intended to provide medical advice or take the place of medical advice or treatment from a personal physician. - as we age, certain things start to happen to our skin, our hair, and our joints, and even our digestive system. most people are getting zero amount of this incredible and unique substance we're going to discuss today. the body makes less and less of this as we age.

stock has been struggling under performing the s&p this year by 6% one hedge fund 250eing up with khouw're so confident in eli >> we have three reasons here. overall i think it comes down to valuation, strong trends callaway as a know sells golf equipment and apparel and recently merged with tile golf and so number one strong industry trends as reopening benefits top golf. and golf overall has been doing very well. number two complexity has made it more likely for mispricing and finally there's valuation itself on the strong trends most of the value is in the company now. as the pandemic continues to subside we continue to see strong and improving result and earnings beats taking a step back in golf overall, the industry has been on fire during the pandemic with work-from-home rounds up 20% versus 19 last year we've seen four years in a row with more golfers on the course. all of this to the upside. pricing pattern we like to see in investments, better chance of being right. they struck this deal in 2020 at a good time stock is only few dollars higher than there despite the earnings and

mike khouw saying this this makes a little bit of sense.n important day. >> this is the retail presence the apes you have to respect them if that is what they're going to do, i would not get in the way i find it kind of crazy. but retail is very different than it used to be. >> coming up, bitcoin boom today's jump bringing the crypto positive for the year. can the run continue michael sonnenshein will join us next to break down the moves and a big earnings report tomorrow lululemon on deck. how should you tdera the name? the details when "fast money" returns. power e*trade gives you an award-winning mobile app with powerful, easy-to-use tools, and interactive charts to give you an edge, 24/7 support when you need it the most. plus, zero-dollar commissions for online u.s. listed stocks. [ding] get e*trade and start trading today. never settle with power e*trade. it has powerful, easy-to-use tools to help you find opportunities, 24/7 support when you need answers, plus some of the lowest options in futures contracts prices around. [ding] get

let's get to professor khouw, how big of a deal is this?at what amazon did today, traded a little over two times its average daily options volume what that turns into is slightly over 400,000 contracts of course if the stock splits than the options will need to split with it. just to think of it this way, essentially if you're going to have a 20 for 1 stock split then you will need to represent at least 20 times as many options contracts as well. what you would do is you would take the strike price and just like the share price that is going to be divided by the split. so just by way of example let's assume you owned a june 3000 call about $200 option now you will own 20 of the june 150 calls. at approximately $10 option. the most active option contract today were options on spy the et f, that traded about 7 million contracts but multiply 400,000 by 20 what do you get? over 8 million contracts so this would actually have been the busiest option traded in the u.s. markets today i will leave you with one final point. when apple did their spli

mike khouw harvests an out of season earnings play with a jeopard intent >>> plus calling all "options actions fans." reach your pocket, grab your phone, and tweet us your question at "options action. if it's nice, we'll answer it on-air when "options action" returns. thinkorswim® by td ameritrade is more than a trading platform. it's an entire trading experience. with innovation that lets you customize interfaces, charts and orders to your style of trading. personalized education to expand your perspective. and a dedicated trade desk of expert-level support. that will push you to be even better. and just might change how you trade—forever. because once you experience thinkorswim® by td ameritrade ♪♪♪ there's no going back. the sleep number 360 smart bed is on sale now. why choose proven quality sleep from sleep number? ♪♪♪ because the sleep number 360 smart bed is really smart. it senses your movement, and automatically adjusts to help keep you both comfortable all night. it's also temperature balancing, so you stay cool. it's so smart, it knows exactly how long, how well and when you

mike khouw joins us to break down the option.the meme stock mania top of options activity. it traded about 16 times its average daily options volume today. it was one of the top ten most active single stock options. and think about putting it in the realm of facebook and tesla, apple and the like so very extraordinary we're seeing here. the most active options were the weekly 30 strike calls that expired this friday. we saw 22,300 of those trading for just under $2. put that in perspective, buyers of the calls are risking close to 12% of last friday's trading close for the stock just to bet that it would double by the end of this week but before anybody wants to pile into that, i would caution you the second most active options were the 20 strike puts that also conspire on friday. >> that is interesting mike, thank you. mike khouw tune into the full show of "options action" on friday at 5:30 eastern time. up next, final trades. ♪ ♪ ♪ ♪ ♪ your record label is taking off. but so is your sound engineer. you need to hire. i need inde

professor khouw is getting to it once again you buy insurance when you can, not when you have to mike it does very little good if your neighbor comes to you when your house is burning down and says you might want to think about getting some insurance. of course when you're already in trouble you know that full well. the time to buy insurance, of course, is when things are looking pretty good. it's going to cost you less, and the protection it's going to afford you and significantly greater. now, i know that financials were basically one of the favorite sectors for full year 2022, and in fact if you'd ask me six months ago probably would have been one of the things i had set. net of the big rally we've seen this week, i think we need to put things in perspective. first of all, rates are very low. and one of the things people talked about as a reason to buy financials, they were talking about expanding net interest margins as an example how financial could see greater profits if interest rates rose while that's true it doesn't necessarily correspond to higher share prices the other thin

sell a put vertical spread >> all right, mike khouw >> for energy i like longer term here >> that does 5:30 eastern time but do not go anywhere the cnbc special starts right now. - [narrator] the following for the premium mattress topper by dormeo, sleep companies in the world. sleep companies in the world. what's captured these people's attention. - whoa! - oh my god! - wow! - that's it. - wow, i'm impressed. - whoa, never would have thought. never expected that. - it feels like it's a brand new mattress. - yeah. - [narrator] it's not a new mattress that's creating this reaction, they're lying on the same old mattress they've had for years. it's time for you to discover the premium mattress topper by dormeo. we believe it's the world's most comfortable mattress topper.

. >> mike khouw?reads in the case of lily and put debit spread in xlf. >> that does it here for us on "option action." we'll be back here next friday at 5:30 p.m. anywhere. "mad money" with jim cramer starts right now >>> my question 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 cray mar caw. my job to entertain and teach you. call me or tweet me @jim cramer. nice, mean, i don't care eternal or not, hope sprung this week, and if you own stocks,

protective positioning first, carter with stock from international domestic short winds and finally mike khouwlls as several russian etf as teaching moment to deploy options when market liquidity start to evaporate. let'

. >> is mike khouw. >> three ways to use call spreads i like what tony is doing with pepsi and buying verticals in j&j dgolsiana. >> does it for . >>> my mission is simple to make you money. i'm here to level the playing field for all investors. there is always a bull market somewhere and i promise to help you find it. mat mon mad money starts now! hey, i'm cramer. welcome to mat money welcome to cramerica my job is not just to entertain but to teach call me at 1-800-743-cnbc. traders ran the register on big tech all morning next banks, oils, drugs, industrials. i have no reason to worry about profit-tabling as long as the money stays put. that's how the dow gained 150 points the nasdaq dipped .16% that's a nice comeback it's an encouraging day and week for the averages it was an odd mix of winters, given interest rates continue their next rides this is when they buy industrials and drug stocks. i think we had this gloom, precisely because traders are afraid of not being in stocks right now. that is a very nation change from the nauseating selling pressure we've gotten quite used to,

mike khouw here to break it down. >> right now this thing peak to trough is about 52% down from highsaily options volume bearish bets outpaced bullish one pz the biggest one we saw was april 135 puts we saw a buyer pay $5.90 for 86 of those betting half million in premium and weakness could continue, they're betting on decline of 10% by april expiration, due to good friday is only going to be three week from today i'd also point out the options premium high in okta the implied move between now and then is about $17 higher or lower. as we can see this trader is betting it is going to be to the down side. >> bonawyn, if they've had that trade on for a little bit they made a lot of money. are you as negative as that trader appears to be. >> not quite as negative but definitely understand the justification. ra-basis, the fundamentals are already challenging. when i think of options trading it's about short-term, momentum, and timing the momentum is definitely negative and i can understand why the trader would continue to ride the momentum to the down side, makes a lot of sense. >> mike an

mike khouw, what did you see >> yeah so we often see well above options activity before a company announcesely true for best buy and today traded more volume following those results and the bump on the stock price trading close to 7 times average daily line one of the trades buy of 850 of the april 112/125 call spreads baying $8 for those betting on move of 4 to 10% in the course of the next few weeks. >> we like to play the game if you knew certain events would transpire in a certain way, how would you guess, you know, what would the outcome be for the day, the market, the stock, whatever so for best buy, given the numbers and what they reported, guy, would you have thought the stock would have been you 9% >> mel, what show is on fridays at 5:30? that would be "options action", i will answer for you, i only know that because 5:00 last friday i was on "fast money. please don't roll your eyes at me, please, it makes me upset. we play the game, what are we watching, i said best buy, the set up was good into earnings, all they need to do is come in line and you'll see the relief rally >> they

mike khouw thank you more "options action" tune in to the full show on friday 5:30 eastern time up next your final trades ♪♪ ♪♪ ♪♪ nurse mariyam sabo knows a moment this pure... ...demands a lotion this pure. new gold bond pure moisture lotion. 24-hour hydration. no parabens, dyes, or fragrances. gold bond. champion your skin. ok, let's talk about those changes to your financial plan. bill, mary? hey... it's our former broker carl. carl, say hi to nina, our schwab financial consultant. hm... i know how difficult these calls can be. not with schwab. nina made it easier to set up our financial plan. we can check in on it anytime. it changes when our goals change. planning can't be that easy. actually, it can be, carl. look forward to planning with schwab. schwab! ♪♪ ♪ ♪ wow, we're crunching tons of polygons here! what's going on? where's regina? hi, i'm ladonna. i invest in invesco qqq, a fund that gives me access to the nasdaq-100 innovations, like real time cgi. okay... yeah... oh. don't worry i got it! become an agent of innovation with invesco qqq >>> do not miss the special coverage

options traders positioning themselves for yet another big move once the results cross the wire mike khouwcrowd strike trade the at 1.6 times average daily options volume this market is implying a move of $20 higher or lower by the end of the week, 12.5% of the current stock price and considerably more than the 8.3% or more it's averaged over the last 8 quarters, even more than the last 4 quarters is which is closer to 3% one of the trades we saw was the purchase of the weekly 167.5, 108 call spread, buyer paid $3.35 but not every trader was savvy. third most active options were weekly 50 puts largely the result of a fairly good size purchase of the 131 put spreads and paid $5 for those put spreads, options traders trading more than 25 tylenols anticipated one-year earnings -- excuse me. >> this is really interesting, guy, especially on the heels of at announcement google is buying mandiant, guy. >> did you say tim or -- sorry i apologize, it is interesting we talk about you and sarah on "closing bell" weeks ago, the potential for that company to get acquired and here we are i happen to th

. >> mike khouw thank you.eastern time up next, we have special final trades in honor of st. patrick's day. "fast money" back in two it's a thirteen-hour flight, that's not a weekend trip. fifteen minutes until we board. oh yeah, we gotta take off. you downloaded the td ameritrade mobile app so you can quickly check the markets? yeah, actually i'm taking one last look at my dashboard before we board. excellent. and you have thinkorswim mobile- -so i can finish analyzing the risk on this position. you two are all set. have a great flight. thanks. we'll see ya. ah, they're getting so smart. choose the app that fits your investing style. ♪♪ hey lily, i need a new wireless plan for my business, but all my employees need something different. oh, we can help with that. okay, imagine this. your mover, rob, he's on the scene and needs a plan with a mobile hotspot. we cut to downtown, your sales rep lisa has to send some files, like asap! so basically i can pick the right plan for each employee. yeah i should've just le

getting crushed today, one option trader making huge bet these losses are about to get a lot worse, mike khouw actions. >> we saw robinhood trading 1.7 times average daily of volume, 14th most active single-stock option by contract volume trading today. although calls did outpace puts, bearish buts outpaced bullish one, measure that it relative to call buying and put selling. the biggest was the sweep of april 13 puts, somebody bought 3300 of those paying average of 52 cents contract for them buyers of those puts are betting robinhood will decline below their strike pies to put it below $12.5 april expiration which will be two week from tomorrow today actually. >> how do you feel about robinhood, dan >> not a fan again, i don't know what the innovation is there. i will say that short squeeze we saw earlier in the week from 13 where mike said a few times, 13 went to 16.5 and now basically round trip that looked like a funky trade this week in the quarter end, really poor sentiment, looks like few people said let's rip this thing, the fact it came all the way down tells you real ianers are looki

. >> mike khouw? >> i also like debit spreads call debit spreads in the case of lily and put debit spread in xlf. >> that does it here for us on "option action." we'll be back here next friday at 5:30 p.m. anywhere. "mad money" with jim cramer starts right now >>> my question 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 cray mar caw. my job to entertain and teach you. call me or tweet me @jim cramer. nice, mean, i don't care eternal or not, hope sprung this week, and if you own stocks, instead of dumping them in the misery of the week before, this week was a huge boost for your portfolio, with still one more terrific rally, the dow gaining 274 points the s&p jumping 1.17%, and the nasdaq surging to .05% this week is the perfect reminder that you can't afford to flit in and out so easily you can't just say i'll sell

. >> mike khouw. >> if you have opportunity to unwind rsx do that, unh diagonak "mad money" starts now >> 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 people want to make friends, i'm just trying to make you money. call me at 1-800-743-cnbc or tweet me at jim cramer just when we get an amazing labor report, one that shows excellent job growth, a lot of wage inflation, a dream come true for the stock market, we couldn't appreciate it because we caught a noight mare out of ukraine. so instead of rallying on news that should make fed chief jay powell's job a lot easier. we sold off again. the dow slipping 188 points. s&p tumbling 1.9%, and the nasdaq plunging. the ukraine situation is turning into an absolute nightmare, one that no one can stop except vladimir putin, and that's not happening. we all wish we could do something to stop this crisis, but russia is a nuclear power, an