order now and we will give you a special holiday version of mike khouw's biggest hit, charts that makeo sense at all. >> this is a chart going all the way back to the '60s. we will find big declines are relatively rare. >> so risk less and make more this holiday season. pick up the phone and order now. special delivery charges may apply. ♪ >>> how much is it, though? that's what i want to know. >> the price is right. you get this information for free. just by watching "options action." >> exactly. >> save on shipping and handling. >> there is actually a classic options trade called a christmas tree. so, mike, why don't you explain that to us. >> it seems like the right time to bring us the christmas tree trade. it is a tray that you want to do when volatility is relatively high, like it is today, actually, and this is also a trade that you would typically employ if you don't have tremendous conviction on a direction of the stock and it's also a tratd you do if you would be willing to buy the stock at a much lower level or sell it at a much higher one. the stock i'm looking at is one th

from holiday toys to holiday shipments mike khouw in austin with the trade. >> these guys are startingow up on a lot of door steps. there was a lot of options activity. fedex was seeing double their options daily volume because they're going to be reporting earnings this wednesday. ups, though, which has already reported, was also seeing above average volume. and what was interesting there is we were seeing some bullish activity, despite the fact that they have actually said that they've been struggling with some of the holiday shipments. and what they were doing is buying the april 100 calls they were paying just about $3.50 for those. the bets they were making when the stock was around $97 is the stock could be up more than 6% about four months away. >> thanks, mike. for more "options action" check out the show 5:30 eastern time on friday. >> nice job. >> got a little friend here. i'm allergic to cats by the way. >> they said that thing act likes a real cat. it leaves for two weeks at a time and comes back when it's hungry. that's about right? >> it's pretty cool. >> i love cats. >>