. >> one trader is betting this spells trouble for one hot safety trade let's get to mike khouw. he is all over the place. >> where is waldo -- or mike khouw in this case. >> he's here. >> el perks, the etf that tracks the staple sector. we saw double the average put volume in that space today the trade that we saw was an interesting ratio put predator the march 57, 54 put spread. bought 57s, told 54. that cents making a bearish bet that xlp could drop 5% or more in the next six weeks that may not sound like a lot but it is a stable sector and it is going to be testing the 51 week lows if it gets there. >> "options action" tomorrow at 5:30 eastern time. that's here at the nasdaq. >>> still ahead, apple, amazon and alphabet on the move after hours in the market. apple seeing a reversal in the last few minutes gene munster has three red phones he is going to bring us all the latest headlines and tell us what was said on the apple call that has investors hitting the buy button much for "fast money" on this very busy night. adow is always at 5 o'clock. you like him. your mom says he'

mike khouw >> bullish bets were outpacing the bearish ones the most active options were the march 110ls trading for 7.80 those are people that are betting that the 4% implied move is likely to be to the up side for sales force which is probably explained by their 60% plus eps growth. weight watchers -- after new year's i signed up male representation. >> you did in you do look slimmer. it's working >> how do you handle the chinese restaurant that you like to hang out at though. >> see, that's not permissible you have to look at the menu there are zero points items. my chinese restaurant ain't on it you >> look sculpted right now >> mike khouw, thank you for more options action, friday at 5:30 eastern time. >>> one 21-year-old has figured out a way to make money no matter which way bitcoin goes. he will be here to tell us how in just a few minutes. in just a few minutes. you are watchings toocomplicate? well sure, at first, but jj can help you with that. jj, will you break it down for this gentleman? hey, ian. you know, at td ameritrade, we can walk you through your options trades step

. >> they call it options action, starring mike khouw -- his could probably do -- probably do -- >>>oing final trades next.in . really helped me up my game. i had a coach. math. ooh. so, why don't traders have coaches? who says they don't? coach mcadoo! you know, at td ameritrade, we offer free access to coaches and a full education curriculum -- just to help you improve your skills. boom! that's lesson one. education to take your trading to the next level. only with td ameritrade. today's senior living communities have never been better, with amazing amenities like movie theaters, exercise rooms and swimming pools, public cafes, bars and bistros even pet care services. and there's never been an easier way to get great advice. a place for mom is a free service that pairs you with a local advisor to help you sort through your options and find a perfect place. a place for mom. you know your family we know senior living. together we'll make the right choice. stay with me, mr. parker. when a critical patient is far from the hospital, the hospital must come to the patient. stay with me, m

. >> pete i think inned wynn options let's get more on the take with mike khouw who is out in texas >ily options volume in wynn that's a name that trades a lot. we saw a lot of activity in the march 1, 5.25 a piece. 4500 of those. bullish bets that's it's going to be above 190 or up another 8% in five weeks. to tim's point, it doubled revenues from 15th to expected 19th it could change the name from wynn to encore >> these new, mike has a future in marketing as well as dining in chinese restaurants. >> i've eaten at some wynn restaurants. they are good. >>nd braingers sp. that could be used for encore. >> for for "options action," check out the show on friday at 5:30 snim tesla shares are revving higher after-hours elon musk is speaking on the call right now >>> plus, how should you navigate between all the crazy price swing we have seen pete najarian has three tips for yi ia volatile market and breaks it down for you when "fast money" returns well, it's earnings season once again. >>yeah. lot of tech companies are reporting today. and, how's it looking? >>i don't know. there's so man

. >> mike khouw, thanks for taking a complicated topic. the xiv going to be something we have a feeling about we'll hear more if not tonight, certainly tomorrow morning on cnbc >>> coming up, can't decide whether to sell your losers or buy more guy adami will open up his investment selle gde arsuind it will have simple rules on when to bail on any investment. you won't want to miss it. don't go anywhere. we're back right after this. it's time for the 'ultimate sleep number event' on the only bed that adjusts on both sides to your ideal comfort, your sleep number setting. and snoring? does your bed do that? right now during the ultimate sleep number event, save 50% on the ultimate limited edition bed with adjustable comfort on both sides. ends soon. visit sleepnumber.com for a store near you. couple of days may have some of you wondering when to bail on a losing trade, when to hang in there. guy adami here now with three simple rules to know when to cut your losses and when to run. a little segment we like to call, the more you know. >> the