on the desk tonight, mike khouw, brian sutland and special guest, guy adami.ion this week, amazon, southwest, t-mobile, lyft, and charge point as for etfs medical innovation seem big trades here shares down nearly 75% this year mike, what has the action been here today >> yeah, we saw the stock hit its lows for the year on wednesday, and then it bounced really hard and we saw a lot of bullish activity going on in lyft we saw a purchase of 50,000 of the january 11 call spreads, making a bullish bet risking 50 cents or so on a bet this thing could get up to 12 f12.5 by january expiration, which is three weeks from today what's going on here -- this is an interesting case, because 2023 is going to be a really important year for lyft. it's going to be the first year where the company is going to see positive earnings and positive free cash flow. at least that's what the street expects. if it does, we're looking at a company trading forward if it gets to that income. >> brian >> lyft earnings are february 8th. i'd be playing february options. the the stock is going

but busy week to widely used names and i'm melissa lee this is "options action" and on the desk mike khouw, carter worth and bonawyn. welcome. the "options action" this week, coinbase, netflix, tesla, americanarylines, starbucks, bali meme stocks seeing action. etfs, catching traders' eyes one of those names, iyr real estate etf carter, your thoughts? >> so in many ways one of the biggest things that went on this week, of course, the moving rates. rates lower in response to soft economic data. in any event, look at a comparative chart. utilities versus reits, the two most rate-sensitive areas of the market to my eye what we're looking at here is perspective convergence. right? one is led, one lagged we'll get this another way to do this instead of looking at two lines look at them each and do relative. this is xlu. what do we know? rallied and failed, failed, hit a head here and my thinking continue lower connecticut tra distinction check out iyr. the laggard but it's started to bottom and carve out what i think is the beginning of an important move higher. so put them together, instead of

on the desk tonight, mike khouw, cart worth, and brian stetland let's check out some of the names seeing the most options action this week, tesla, apple, amazon, microsoft, nvidia. small caps a merging markets and the china large cap etf. apple down from year high and year low carter, which direction do you think is more likely at this point? >> this is sort of a push for me otherwise it's a pair of twos, not a particular by bad bet. we're right back to 100 day average. the you were to look at a chart, we're right in the midrange of the last 18 months my hunk is to fade it if one wants to be directional. >> mike, what do you say >> yeah, i mean, this is interesting. one of the names that saw a lot of action this week. did see some big institutional prints and earlier this week we saw a big purchase of the february 137 puts, nearly 14,000 actually of those were purchased. one of the blocks we saw was just over 13,000 buyer paid 375 that's relatively short dated. we're only looking up to february 17th for that, but it does seem clear. probably a hedge, but some institutional participants a

on the desk tonight, carter worth, mike khouw, and bonawyn coin base, netflix, tesla, american airlines, starbucks, so-called meme stocks. china, corporate debt, real estate, silver all catching our traders' eyes. let's start with one of the names the iyr real estate etf. carter, your thoughts? >> in my ways the biggest thing that went on this week, the rates. rates lower in response to soft economic data. let's look at a comparative chart. this is utilities versus rates to my eye, what we're looking at here is perspective convergence, right? one has really led and one has lagged, and i think we're going to get this. another way to do this is look at them each and do relative this is xlu. xlu rallied and failed, failed hit its head here, and my thinking is we're going to continue lower by distinction, check out iyr. it's the lagger, but it's started to bottom and carve out what i think is the beginning of an important move higher so put them together instead of a comparative, this next chart is a relative line. it's one divided by the other, which is what relative strength or isr is. wh

mike, your quick thoughts i think actually the first time i ever heard johnny john was from you, mike khouw what we used to call it down in the pits when that's where we used to trade options contracts. look, i mean, this is as steady as you go kind of a staples thing, which i don't think is a terrible place to be right now i think, you know, people have sort of -- we've seen a lot of good things coming out of some of these stocks. they're more on the discretionary side i'm not that bullish you want short duration equity, this one pays a dividend i like it. >> here's a quickie. do you like heck la mining. >> it's an excellent play. it's double the performance of the gdx over the past six months stick with it. >> speaking of hekla, gold and silver, sld. >> dan nathan? >> axp short play, that's how you do it >> professor khouw. >> mikey, it's a great company but the valuation doesn't look as great anymore so i would like to buy a put spread on it short term pull back. >> dan, it's great to get the band back together we should do it more often that does it for us here on "options action. we wi

. >> where is mike khouw. >> all that being said, it is a bit of no-man's-land, i'm not adding here. >> and dan, same question to you, enticing enough >> well i think tim made the right point. this stock is expected earnings and sales for this year, that we're in fiscal 2023 here, for apple was always mid single-digits. so it started trading about 27 times here is the estimates that haven't changed that much. and we were talking about this before in 2019, the first week of the year, this came after a very difficult q4 in 2018 and the stm was down 20% and there was a global growth scare specifically in china and apple warned about kl china on the second day of the year and they proannounce and it gapped lower and it had a peak to trough decline. it was about three years ago, four years ago here we are now, the stock is in a bit of a fall. it acted much better than the nasdaq in many of the mega cap peers. and i think if you got that sort of move down to 110 or below it, i would be really hard pressed to see this stock any time soon below $100 unless we're in a market crash and to be v

on the desk tonight, carter worth, mike khouw, and

opt desk tonight, mike khouw and bonawyn. face-off in the financials a texas size tussle in energy. with broad market sectors, not all individual industries are created equal, and tonight a fight within four sectors to declare the biggest etf winners and lose losers. let's start with financials. let's bring in carter worth. carter, set us up. >> you bet so at any given time while a whole sector might act a certain way, there's parts and subgroups that act differently we want to look at xlf all financials versus regional banks, kra one of the ways to draw the license, let's do it again together it has all the elements of a turn you can put in a well defined downturn the 150-day average is flattening and turning the definition of a bearish to bullish reversal look at kre, regional banks. it's the exact opposite. very bad week compared to the overall sector it's not just banks. you've got berkshire, the biggest holding. you've got private equity, broker dealer, and so forth. loser versus winner. kre, no. xlf, yes. >> bigger banks, national ones the winner there what is the move we're s

on the desk tonight, mike khouw, cart worth, and brian stetland let's check out some of the names seeing

mike khouw for more "options action," tune in to the full show friday 5:30 p.m. >>> coming up, credit card technicals the chart master has a big call and payment stocks ahead of earnings the names and levels he is watching next. >>> and the activist attention salesforce is getting. what it could mean for the stock. moy"s enfathe detailwh "st ne returns [office sounds] ♪upbeat music♪ ♪♪ ♪when the day that lies ahead of me♪ ♪♪ ♪seems impossible to face♪ ♪a lovely day (lovely day)♪ ♪(lovely day) (lovely day)♪ ♪(lovely day)♪ a bank that knows your business grows your business. bmo. if your business kept on employees through the pandemic, getrefunds.com can see if it may qualify for a payroll tax refund of up to $26,000 per employee, even if it received ppp, and all it takes is eight minutes to get started. then we'll work with you to fill out your forms and submit the application; that easy. and if your business doesn't get paid, we don't get paid. getrefunds.com has helped businesses like yours claim over $2 billion but it's only available for a limited time. go to

. >> mike khouw. >> and i love that question we got. options premiums have come in quite a lot.news coming up, a lot of earnings on deck. i think it makes sense >> that does it for us we'll see you next friday 5:30 for another show don't go anywhere, "mad money" starts right now - [announcer] the following is a paid presentation for emeril's all new forever pans, sponsored by tristar products incorporated. - emeril lagasse here with the most innovative pans i've ever cooked with. they can sear like stainless, caramelize like cast iron, and they have a super non-stick surface that will never lose their non-stick coating. introducing my forever pans. - [announcer] forget about non-stick coatings that don't last. the problem is they have a single layer of non-stick that quickly wears away with everyday use. - the pans say non-stick and they work great in the beginning, but then as time goes on,

welcome, everybody, i'm tyler mathisen in for melissa lee and this is "options action," mike khouw, carter worth, and bonn win ie son a faceoff in the financials, a te texas-sized tussle in energy, a consumer clash and a throwdown with emerging markets, with broad market sectors, not all created equal. a fight within four sectors to declare the biggest industry etf winners and losers let's start with financials. regionals versus money centers banks, let's bring in carter worth. set us up. >> at any given time while a whole sector might act a certain way, there are always parts and sub industry groups that act differently. one way to draw the line is you can see it here, let's do it together it has all the elements of a turn you also can put in a well-defined down trend line, which we are toying with moving above or no lines and just use the moving average, the 150 day moving average is flattening and turning, the definition of a bearish bullish reversal look at kre, regional banks, it's the exact opposite. still in a down trend. a bad week compared to the overall financial sector it's not

. >> mike khouw. >> and i love that question we got. options premiums have come in quite a lot.ing up, a lot of earnings on deck. i think it makes sense >> that does it for us we'll see you next friday 5:30 for another show don't go anywhere, "mad money" starts right now - [narrator] the following is a paid presentation for neuroq, a total brain support supplement designed to boost memory and focus and clinically shown to improve working memory an astonishing 30% in just 90 days. brought to you by lifeseasons. do you have trouble concentrating or focusing on simple tasks? what about experiencing low energy, stress, or anxiety? - my memory, my focus, having those brain freezes, it seems to be getting progressively worse day by day. - having a little bit of a hard time finding words. i'm not as quick to the punch as i used to be.

mike, your quick thoughts i think actually the first time i ever heard johnny john was from you, mike khouwat's what we used to call it down in the pits when that's where we used to trade options contracts. look, i mean this is as steady as you go kind of a staples thing, which i don't think is a terrible place to be right now i think, you know, people have sort of -- we've seen a lot of good things coming out of some of these stocks more on the discretionary side like i said i'm not that bullish in that area so i probably like one like this. >> here's a quickie. do you like heckla mining as a gold play? >> it's an excellent play. it's double the performance of the gdx over the past six months stick with it. >> by the way, dan, it's great to get the band back together. >> nike, it's a great company but the valuation doesn't look as good anymore so i would like to put a put spread on it. >> we should do it again more often. that was fun that does it for us on "options action." meantime don't go anywhere mad money with jim cramer starts right now. - [announcer] the following is a paid present

mike khouw of the action on bbby it's amazing what people think will happen, and why the stock wouldlow. this has been a slow train wreck going back to even 2020, though. so cutting costs is not the answer. >>> for more options action, tune in friday, 5:30 p.m. eastern time >>> up next, we've got final trades so, am i still on track to reach my goals? the plan we created can withstand uncertainty. lately everybody has opinions about the economy, but i count on personal financial advice. my ameriprise advisor understands the markets and me. she knows my goals and can help me reach them with confidence. the markets may fluctuate but you're still on track. no wonder more than 9 out of 10 clients are likely to recommend us. because advice worth listening to is advice worth talking about. >>> it is time for the final trade. tim? >> the johnson & johnson p. the brothers johnson were a great band, too. i think it would be tough to find this value in 2023. >> where there's not value, bed bath & beyond equity having said all that, i would not short it >> dan nathan? >> we used to call it john

level take, took some names among with it and options traders are betting there's more to go mike khouwrike calls that's about 3% of the current stock price, betting this rally we saw today could continue through the end of the week. >>> thanks for that, mike. id amore tune into the full shot frayt 5:30 p.m up next, final trades. ♪♪ the only thing i regret about my life was hiring local talent. if i knew about upwork. i would have hired actually talented people from all over the world. instead of talentless people from all over my house. ♪ this feels so right... ♪ adt systems now feature google products like the nest cam with floodlight, with intelligent alerts when a person or familiar face is detected. sam. sophie's not here tonight. so you have a home with no worries. brought to you by adt. ah, these bills are crazy. she has no idea she's sitting on a goldmine. well she doesn't know that if she owns a life insurance policy of $100,000 or more she can sell all or part of it to coventry for cash. even a term policy. even a term policy? even a term policy! find out if you're sitting on

schlumberger on deck to report earnings and options traders are betting it could be due for a pullback mike khouw. right now a move of about 4.3% when they report tomorrow. the most active single contract the january 55 puts just under 6,000 of those trading for 46 cents a contract buyers of those puts risking less than 1% of the stock price on a bearish bet, not surprising giving the big move we've seen up nearly 70% since the mid-september lows >> slb was nobody's acronym. although energy was. >> energy and one of the hardest things to do in markets is actually let your winners run. i've been long schlumberger and next year they'll return 15% of the cash flow and the dividend is coming back and the spending discipline is there. but if you look at the space, off shore drilling is just getting going and this is part of this that is the power. >> mike, thanks. see you tomorrow tomorrow of course is the full show, 5:30 p.m. eaerti nt, final trades. if your company actually practices the values that it posts about, then, yeah... you're on team earth. ♪♪ the only thing i regret about my life was hiri

one trader in the options market is bullish mike khouw has the option for us. >> the options market implying move of much larger than 10% by the end of the week, of course it has moved more than that, three out of the last four reported quarters. calls outpacing puts by about three to two one of the trades i saw, the march 165-195 call spread. about $3.90 a contract for 1700 of those, making a bet that the stock is going to be up 13% plus by march expiration. that's 45 days away. yes long the stock, but we don't hold a position in the options >> all right thanks, mike for "options action" tune in to the fuel show. that is friday, 5:30 p.m. eastern time >>> up next, final trades. ah, these bills are crazy. she has no idea she's sitting on a goldmine. well she doesn't know that if she owns a life insurance policy of $100,000 or more she can sell all or part of it to coventry for cash. even a term policy. even a term policy? even a term policy! find out if you're sitting on a goldmine. call coventry direct today at the number on your screen, or visit coventrydirect.com. (swords clashing) -had e

mike khouw is joining us now with the action.e what did you see >> yeah, it was the fifth busiest single stock option today. it traded three times its average daily call volume, and the largest call options trade was the march 140-150 call spread we saw a buyer pay 83 cents a contract for 80,000 of those and outlay approximately a million bucks in premium traders are betting this rally can continue should be pointed out they're risking a very small percentage of the current stock price. and it doesn't necessarily need to run through that 140 strike in the near term to see some profits. just need to see that rally continue near term >> got it. mike, thank you. for more "options action," be sure to tune in to if full show friday at 5:30 p.m. eastern time >>> still to come, a triple trader -- a trader triple play meta -- don't do this show that often. meta and etsy severely hit last year gold miners not doing nearly as badly. but could fortunes reverse themselves in 2023 we'll ask the traders. "fast money" back in two at adp, we use

. >> right okay well, one options trader's taking the other side of karen's bet on carvana mike khouw>> i'm not sure they're taking the opposite side of what karen's doing because we did see a lot of puts trading. some of them apparently were hers but we did see this was the eighth busiest single stock option today calls outpace puts by more than 2-1 and the biggest trade was a purchase of the 8-10 call spread we saw 4500 of those expiring in january. this is probably a short squeeze bet. karen's point, the debt here, every single one of these bonds is less than 50 cents on the dollar and some of those mature in about 30 months or so there's obviously a high probability of default baked in on the debt side and i think that speaks to why you're seeing a lot of people buy puts in this thing as well with those catalysts upcoming >> what do you see if anything in bed bath & beyond today, mike i was just curious given the huge surge in that as well >> this is basically the same story. people are trying to use a little bit of capital to make leveraged bets one way or the other. one of the t

we've got one more big acronym reveal coming your way last but not least mike khouw joins us to unveil you might guess and acronym would suggest, it for gold this is something that i've liked for a couple of months now. it is had quite a run i have to say. but i think if we're taking a look at short-term market-based interest rates rather than the feds fund rates and rates ab gold are anti-correlated i think there is some potential room for the upside here. so specially as rates may potentially level off or come in "i" is for ibv, that is the biotech etf. i think generally in times of economic distress, i still think we are in a little bit of it health care is a place to be but there is obviously an element of innovation in there "l" is for ticker land, l-a-n-d. and they own farm land and leases it on a triple net basis and they focus on noncommodity, so that is produce and nuts and berries and lettuce rather than less perishable commodities like wheat and "t" is for at&t. think about this on a total return basis and dividend yield just under 6%. i think that dividend is at this point