>> establishing a position in biotech, selling a put vertical spread >> mike khouw?hedge exposure to tech >> that does it for us here on "options action." see you back here next friday at 5:30 p.m don't go anywhere. "mad money" with jim cramer starts right now (dramatic music) ♪ (stu) i really can see the difference. i can see this hair coming in. i have hair on my head. i can brush my hair now. within two months, i've gotten my hair back. it's just like a second chance on life. ♪ no hormones, no surgery. ♪

i'm melissa lee in times square along with cart er worth, mike khouw and tony zhang the s&p and the nasdaq both close out a third week in a row of losses across all listed options in the u.s and mike you noted this has only occurred six times in the past two years. what do you think this means >> yeah, i mean, i think we need to take a look at that and i think we need to take a look at other things in the options market too first thing i would say is that obviously there is a tremendous amount of concern right now. a lot of the unusual put volume we saw was not retail traders going out and buying puts on the stocks they hold, we saw, you know, well above average activity in things like the spx index, largely an institutional product. we saw well over 1.5 million puts trade in that one today normally about a million and that is a big instrument we're talking about $430,000 per contract when we think about spx. the other thing i was looking at, though, and really when we see a day like today, our biggest question is what are we looking forward to or not looking forward to i think is probably

>> establishing a position in biotech, selling put vertical spread. >> mike khouw?posure to tech and use call spread riskies in halliburton. >> does it for us on "options action", see you back here next friday at 5:30 meantime "mad money" with jim cramer starts right 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 just trying to make you some money. call me at 1-800-743-cnbc, or tweet me @jimcramer. only on wall street could you get a spectacular set of employment numbers and the

>> t-mobile, selling an iron condor >> mike khouw? in cvs going into earnings. >> all right, that does it for us here at "options action." see you next friday, 5:00 p.m. eastern time "mad money" with jim cramer starts right now starts right now >>> 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 "mad money" starts now >>> hey, i'm cramer. welcome to "mad money," welcome to cramerica other people make friends i'm just trying to saver you mon on one of the worst days i've seen in my career so call me at 800-743-cnbc tweet me at jim cramer at least it's over i'm talking about this miserable month of april

>> t-mobile, selling an iron condor >> mike khouw?cvs going into earnings. >> all right, that does it for us here at "options action." see you next friday, 5:00 p.m. eastern time "mad money" with jim cramer starts right now >>> manchester s brighton & hove albion then. city going to go third in the table if they can win today. their game in hand against birmingham is here on wednesday. brighton finish the season at everton next send. hope patricia will celebrate five years as brighton boss come july you expect brighton to show much attacking intent in the opening stages of the game is it just going to be about containment? >> no. i mean, i don't see them backing

finally, a special edition of look back, with professor khouw. how you manage some of our recent trade suggestions depends entirely on how you are using them it's time to risk less to make more "options action" starts right now. >> let's get right to it today the markets closeout a losing week lately we've been spending a lot of time in offensive, defensive positioning. case in point, carter's hideout last month other sectors might be getting a little long in the tooth already. for a different reason carter what are the charts telling you? >> we thought we'd focus on utilities here there are very interest rate sensitivities in the market. the whole discussion we had at the top of the hour. but utilities in principle are less desirable, if you will, in a rising rate environment, all things held equal. and yet utilities are through the roof let's look at a table or two and a chart or two the thought is to fade so the market low february 24th and you saw some statistics there from jeff mills. if you look at the 6-week return you see you tilts are le

>> establishing a position in biotech, selling a put vertical spread >> mike khouw? to hedge risk >> that does it for us here on options action see you back here next friday at 5:30 p.m don't go bear. mad money with jim cramer starts right now. >> 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

maker getting nice bounce today ahead of the report and options traders with a ton of action, mike khouwfourth busiest today right now implying move of 6% by end the week larger than 4.1% in last eight quarters but less than 11.5% one-day move last quarter. most active are the 1050 strike calls seeing trade of $20 a contract buyers of those calls are risking under 2% of the current stock price to make a bullish bet that the stock will be up 4.3% by the end of the week. >> thanks mike khouw for the action there if elon musk does make a offer for twitter and angling for the social media company, is that bad for tesla shareholders or does it not matter? >> i don't know that it matters necessarily, mel it shows the competence he has probably even going into the tesla earnings obviously we're going to find out a lot about that tomorrow. there was some huge buying even last week. and today, monstrous paper 29,000 of 1050 calls expire friday they were starting to buy those calls last week. gives an idea somebody out there is sniffing out that maybe tesla is in for a solid quarter. when they wer

f -- mike khouw. >>> more earnings coming your way. the details are next don't go anywhere. "fast money" is back in two. 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 led with that. with at&t business. you can pick the best plan for each employee and get the best deals on every smart phone. >>> welcome back coming up in just a few minutes, on "mad money", the interview with brian niccol. here's a sneak peek. >> we're doing everything we can to not pass on pricing, but it's getting harder just in the last 18 months, if you look at what our food costs have been over the last ten years, they're up like ten points 50% of that increase that is happened in the last 18 months >> all right well, chipotle shares are earnings higher. kate rogers has been digg

. >> it was also a monster day for netflix options, mike khouw with the action what did you see, mikeurprise, netflix very busy, traded four times it's average daily options volume, fourth busy single-stock option today after tesla, apple and nvidia it traded nearly 800,000 contracts and lots of puts trading last couple days as well if you look deeper under the surface seems some people are dipping their toe in the water and think they're ready to draw a line in the sand first, we saw upside call purchase that expire next week and out to may secondly, some of the put activity we've been seeing were actually sales one of the largest was may 175 puts one thousand sold for $2.60 per contract that's somebody saying i'm willing to go long at 175 collecting $2.60 a share to do it may not seem like a lot but it's 1.5% of the strike worth 16 times earnings at that level. so i think we're starting to see some people thinking maybe it's getting a little bit cheap now >> mike, thank you mike khouw, for more "options action" tune into the full show tomorrow 5:30 eastern time coming up, big stock

mike khouw, more "options action" tune in to the show 5:30 on friday. can you believe this bounce?nto that trade next plus verizon, a real buzz kyl in today's session. we'll tell you what had investors hanging up on this trade. tus.ston" s when "fa mey rern >>> welcome back to "fast money. biotech seeing some healthy gains today. the xpi biotech etf popping more than 2%, rebounding from its worst week since january so is this trade in recovery let's get to meg tirrell for more on biotech's move higher. hey, meg >> hey, mel. well, it's really interesting if you look at biotech today it's really the names that had been the most beaten down that are actually doing among the best today. you're seeing the xbi etf up more than 2% compared with just less than 1% for the ibb the ibb is bigger cap names that influence the etf most of all whereas it's smaller and mid-caps for the xbi and you can see over the past two days the xbi has outperformed the broader market but that's bucking the trend it's been showing for the last year when it's been really terribly beaten down one of the things re

transitions grip the market it's often the small caps that show the first signs of change professor khouw shows you how to repair frch plus calling all options action fans. reach into your pocket, grab your phone and tweet us your questions on options action. if it's nice we'll answer it on-air when options action returns. n't just a hobby. it's your future. so you don't lose sight of the big picture, even when you're focused on what's happening right now. and thinkorswim® is right there with you. to help you become a smarter investor. with an innovative trading platform full of customizable tools. dedicated trade desk pros and a passionate trader community sharing strategies right on the platform. because we take trading as seriously as you do. thinkorswim® by td ameritrade this is elodia. she's a recording artist. because we take trading 1 of 10 million people that comcast has connected to affordable internet in the last 10 years. and this is emmanuel, a future recording artist, and one of the millions of students we're connecting throughout the next 10. through projectup, comcast is co

finally, a special edition of look back, with professor khouw. how you manage som

i'm melissa lee in times square along with cart er worth, mike khouw and tony zhang the s&p and the nasdaqcross all listed options in the u.s and mike you noted this has only occurred six times in the past two years. what do you think this means >> yeah, i mean, i think we need to take a look at that and i think we need to take a look at other things in the options market too first thing i would say is that obviously there is a tremendous amount of concern right now. a lot of the unusual put volume we saw was not retail traders going out and buying puts on the st

after another april sell-off, i'm melissa lee joined by carter worth, mike khouw and tony z zhang.ted its worst month since the onset of the pandemic this week's volatility was led by the tech sector's earnings report we have another big week of results on tap lots of consumer related

. >> mike khouw thank you for more options action, not this friday but the following friday, 5:30 easternt have to worry about the next bag of potato chips, bad news, one company moving its bite today. and we're naming names with power next and april is junior literacy month here's the president of junior achievement usa. >> at junior achievement we believe all schools should be teaching young people about money and savings at very early ages and it builds up. like most other subjects with a stake in school you don't all of a sudden advance to a master class without pennies and dollars. we feel strongly young people need to be exposed at a very early age about nang meymagion and all that goes into budgeting. trading isn't just a hobby. >> announcer: "options action" is sponsored by -- ght of the big picture, even when you're focused on what's happening right now. and thinkorswim® is right there with you. to help you become a smarter investor. with an innovative trading platform full of customizable tools. dedicated trade desk pros and a passionate trader community sharing strategies right

>> t-mobile, selling an iron condor >> mike khouw? >> put spreads in cvs going into earnings. >> all right, that does it for us here at "options action." see you next friday, 5:00 p.m. eastern time "mad money" with jim cramer starts right now starts right now >>> 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 "mad money" starts now >>> hey, i'm cramer. welcome to "mad money," welcome to cramerica other people make friends i'm just trying to saver you mon on one of the worst days i've seen in my career so call me at 800-743-cnbc tweet me at jim cramer at least it's over i'm talking about this miserable month of april where the dow plunged more than 1700 points and s&p plummeted 9% and the nasdaq it went down 13.3%. worst month since 2008 wow! normally april is a good month for the stock market the last april like this was in 2000 right after the dotcom peak. it was april 14 to 17, we had all of the junk that became

payments until the end of the august, putting losses down nearly 50% this year, despite the carnage, mike khouwu seeing? >> with these big moves not surprising we saw two times the average daily volume in sofi, there was a lot of sentiment, end of the day the bulls eeked out the victory over the bears calls outpacing puts by two to one. the most active were the weekly eight strike calls about 24,000 of thosetraded fo about 18 cents i should point out those started to trade before the v-bottom we saw today. buyers were betting that's exactly what they'd get and that the stock would rebound above the $8 strike price by at least 18 cent strike price >> bonawyn, your thoughts? >> for a stock that lost half its value over last three months it makes a lot of sense enter in through calls to give yourself upside there the biden information isn't really news, people expected this, you saw the moratoriums would likely be extended, it's 75% of revenue in terms of loan activity but the long-term is still in tact in terms of targeting younger, digitally-active consumers looking for other alternatives to old

despite the carnage, options traders betting the stock is due for current around, mike khouw with alls being traded, ranked among the top 50 calls due to outpace puts by more than 2 to 1 weekly called this friday saw more than 15,000 of those trading and buyers betting robinhood could go above the 18 cents they paid to put it back to levels that haven't been seen over a week. >> tim, what do you think robinhood going higher. >> first, dan nailed that trade. he said fade this and there's not much there i have said i think there's intrinsic value in that investor and customers base and i think it's a case where there's a significant value to the demographic, to the stickiness, and i think they need to get that flat form in gear we just talked about a lot of the core asset classes that have been really fundamental to that i think are under pressure doesn't surprise me the stock is. >> mike, thanks, more "options action" on friday, 5:30. up next "final trade". s" . ". s" your record label is taking off. but so is your sound engineer. you need to hire. i need indeed. indeed you do. indeed

mike khouw has the action. >> nike saw the options volume and calls outpaced puts by almost 3 to oneocks of 3,000 contracts. ultimately 11.5 traded all day for just under $8. prior to the calls are betting that nike could go above the 135 strike price by the nearly $8 that they paid that would put it above 143 which seems like a modest goal when you put it into the context of where nike has been and compared to the five of you, if anybody needs a peloton, it is certainly me and i have room for one. if they're going to give them out for free, i'll give it a try. >> too. >> thank you, mike karen, you were mentioning nike and what they could say about china. nike has been giving us a reed early on. >> it is interesting jp morgan saying better sequential so that is good. so i would be a little bit surprised if it was very good. but i'm wondering why are they saying it. they must have a feel from nike that that is so. nike is a fantastic company. however at this price, i feel like a lot of good news is already priced in and i won't short it but i can't be belong at it price. >> they have

its market cap after yesterday's earnings report optimism is spreading to the options market mike khouwtions market was implying a big move for facebook it delivered an even bigger one. when you get big moves, you get big volumes. we got big volumes in facebook options today. traded well over 1.5 million contracts. it was one of the most active single stop options that traded. a lot of the activity that we saw today expires tomorrow but the biggest activity that expires a week from tomorrow was the may 6th weekly 210 calls we saw over 19,000 of those trading for 4.30 buyers of those calls are betting on follow-through. that would put facebook at least 5% higher than where it is trading right now after hours. of course it did weaken very slightly after we saw some of those earnings results from the other two companies you were just mentioning. >> mike, thanks. for more options action, tune into the full show tomorrow at 5:30 eastern up next, final trades. thinkorswim® by td ameritrade is more than a trading platform. it's an entire trading experience. with innovation that lets you custom