mike khouw?goodyear saw many multiples today and they were trading at 35 cents. buyers are obviously betting that it's going to be above that $20 strike price by at least the 35 cents that they paid or above by september expiration which is only three and a half weeks from now. >> mike, thank you very much. guy? >> goodyear tire has been left for dead but you have had this tremendous rally. so mike's point, it feels like it wants to continue this breakout. it wouldn't surprise me to see the stock north of 23. i think the momentum favors the upside. >> can health food help ease geo political tensions. our next guest created all natural products and went to start kind healthy snacks, one of the fastest growing knack brands in america. let's welcome in dan lubetzky founder and ceo of kind healthy snacks. thank you for joining us. the product is fantastic. no endorsement. i eat them every day, delicious. >> thank you. >> i'm going to call this peace through pea ta. tell us what you are doing and how

mike khouw what's your take? >> it's probably not reasonable to say there isn't some form of system redundancy. one of the issues we encounter with technology problems in trading isn't there isn't a backup system but it's hard to have a backup system for every possible type of problem. if a server breaks surely they have a failover. my guess is that they might some data issue here and those are a little bit harder to track, but still, the other thing i would point out is that people shouldn't be comparing problems on the exchanges to really what are accelerated human error issues like what happened at goldman sachs and the flash crash is not is not indicative of the same kind of problems. technology is going to break from time to time. there were trading errors and problems before technology and now that we have it we're going to see them. it's going to shake confidence but people should be cognizant of that. >> i want to go to better that kooms in a second but joe and his partner, sal are probably the guys who h

mike khouw? >> i'm kind of in guy's camp, too. >> now i love it. we got everybody against me. >> you create a kwor um the contrarian is going to say buy it. maybe one of the rationales is they are trading at a relatively low pe. the options market actually agrees with guy, too. today in fact the most active were the october 180 puts. people were saying about four bucks for those. that's about a four percent decline from where it closed today. >> poor doccy. you can til vote for him and tweet us @"fast money" cnbc huzing hashtag bull or bear. no sympathy votes. results at the end of the show. coming up next on fast, is $5 gas just around the corner? a 20 year veteran of the oil pits says it's a real possibility even if we don't strike syria. he'll explain why and how you can protect your portfolio when "fast money" comes right back. ♪ [ indistinct shouting ] [ male announcer ] time and sales data. split-second stats. [ indistinct shouting ] ♪ it's so close to the options floor... [ indistinct shou

mike khouw can you answer that question? >> basically there is a consensus that it's going to come to an end. it's to karen's point, it could be sooner or later but there is obviously a big market on the markets what it's on going and we have to say that the inverse is also true. if qe supports home prices auto sales, stock and bond prices we have a sense that it is going to be tapering and therefore those impacts are going to be muted so we have to expect softness and that's exactly what the market has shown us. at first there was a sigh of relief that nothing happened right now. now if you look at the term structure in options, we're seeing there might be opportunities to sell this year term volatility and that's what i would be inclined to do. a lot of these premiums have gotten elevated in this. i would be selling premium here. >> walls far go announced they're slashing jobs because mortgage lending is plunging. if you believe what happened after bernanke spoke in june was where the market should go then we've got some s

mike khouw and an empty seat which we hope will be filled shortly by brian kelly. tonight you have a contrarian trade edition of "fast money" to jcpenney european rate estate and defense stocks. our guests are going against some of those cuts. to our top story and that is the retail wreckage. this week has been a buzz kill for most retailers. on the heels of the holiday shopping season how are you trading this? >> it's been tough across the board. i like the bigger names like macy's. i don't generally love teen retail because it is so fashion specific and the multiples are higher so if you do miss you have more risk there. we've been buying macy's. we bought more foot locker. the only thing i don't like about foot locker would be the idea of ken hicks interviewing for the jcpenney job. i like them both. >> do you think there is market share to be taken because of jcpenney's troubles? >> probably but i think the lion's share of the change has probably happened already. >> i think it's interesting we had this retail season kick off with coach last week and it was dis

we're breaking it down with tim, josh, guy and mike khouw. before we do any of that let's get to mcc, michelle ka brar row with how u.s. involvement in syria could play out. >> chuck hagel making it pretty clear today, brian, that, in fact, it's increasingly likely that there will be military intervention when it comes to syria because they have crossed that red line. he believes there has been a creme cal weapon strike and it was the regime that did it, not the rebels. here's the questions you have to ask. if the u.s. does get involved, what kind of strikes are they go to do? most likely targeted as we listen to what the administration was saying today. how many strikes, how long. the rebels would love a very deep intervention, something that would destabilize the regime, shift the balance of power. they're not going to get that. jay carney, the spokesman for the white house said it's not regime change. the markets, you talked about it when it comes to gold, bonlds, et cetera. oil is the big issue we've been facing. this wti rising even more

mike khouw?was similar to what we've seen in a lot of these other stories where stocks are approaching 52-week highs or getting farrell close to all-time highs. we are seeing people not willing to commit new capital so instead they're buying short dated call options in the case of gap, they were buying 46.5 calls. these are essentially a cheap way to make a bet that the stock will continue to rally by at least the amount of premium they're spending which is 90 cents. targeting about 47.5 bucks by the end of the week. >> why a slow economy might be a good thing for first time home buyers. weight watchers getting hammered. we trade it after the break. back in two minutes. [ indistinct shouting ] ♪ [ indistinct shouting ] [ male announcer ] time and sales data. split-second stats. [ indistinct shouting ] ♪ it's so close to the options floor... [ indistinct shouting, bell dinging ] ...you'll bust your brain box. ♪ all on thinkorswim from td ameritrade. ♪ from td ameritrade. ♪ "first day of my life" b

our traders are guy adami, brian kelly, dan nathan, john najarian and mike khouw.e big story fast is following, rebuilding the housing rally, rough ride for housing bulls with home builders down nearly 30 percent. the question we ask tonight is the recent rate reprieve enough to get investors constructive on

. >> tesoro mike khouw?try is 90 percent and low gas prices for four weeks in a row. that's what you are seeing. i don't think this is a good time to pile in. >> a drop in deer down one percent. >> they have an inverse relationship to potash prices. longer term it gives farmers more disposable cash to spend on deer equipment. longer term you'll be okay. >> tractors and fertilizer prices like this. pop in weyerhaeuser up two percent. >> they got an upgrade from long bow today. not so bad. you get a 3.2 dividend yield. that will do well if we end up going to a low rate environment. >> pop for free driving. here's a story that will make you flip. a columbian dare devil performed a 75 foot back flip out of a helicopter into the hudson river. he's also the holder of two guinness world records including the highest score ever for a competitive dive. is that legal? i mean getting the helicopter to lady liberty. >> was he rescued by ryan lochte? >> i would be rescued by him any day. coming up the market is anticipat

. >> tim, dan, guy, mike khouw and former trader and cnbc newby domenic chu.e hugging is over let's get to your top y.

mike khouw and an empty seat which we hope will be filled shortly by brian kelly.u have a contrarian trade edition of "fast money" to jcpenney, european rate estate and defense stocks. our guests are going against some of those

our traders tonight, guy adami, john na var yan, brian kelly and mike khouw.00 closing above 1700 for the first time ever. small caps, mid caps the transport and industrials hitting record highs as august kicks off. the question we ask tonight is this, are you sticking with the hot summer rally or is it time to grab