mike khouw will explain how he is betting on a breakout in one big bank for less than a buck. p it's time to risk less and make more. the action begins now. >>> we start with the transport. sitting in correction territory and underperforming the broader markets, trade tensions and fears of a global slowdown weighing on the group. key players like american airlines, jb hunt, and ups off double digits on two-week highs. as fedex gears up to report earnings next week, our char master says there's more trouble brewing. he is over to break it down. carter. >> it is all things cyclical down today, industrials, materials, financials, and transports semis. anyway, let's look at the transports, and then, of course, zero in on fedex this is 2007 this is the '09 low, and this is where we are now you have the past decade let's put in some lines and put it in perspective. what we know is we have major sell-offs. obviously in the '09 plunge you get a 61% drop you have a 30%, a 31%, and we endurred a 26% drop this go-around, and we haven't made a new high, and that's going to be the issue, t

mike khouw will break it down. >>> speaking of hot.tarbucks shares are on absolute fire hitting another all-time high today. but if you're thinking of getting in, watch out. >> mother pearl, that is hot >> dan says that coffee giant could burn investors ♪ it's gold it's gold it's gold it's solid gold baby ♪ >>> and it is solid gold, and carter says the chart of the yellow medal is pointing to a big, shiny breakout. it's time to risk less and make more the action begins now. >>> we kick off with gold soaring with stocks, the yellow metal touching its highest level since 2018 the chart master says this solid gold rally will continue to heat up carter >> so it's the trade that never quite works, but presumptively one day it will. let's talk about it. gold has been toying with the prospects of a breakout repeatedly for the past five years. it keeps approaching this $13.50 plus/minus level and back away what's encouraging is the way we've gotten here, a higher low, a higher low, a higher, although i, which would suggest the tension ultimate

. >>> and later -- athleisure stocks are on fire this year but mike khouw says there's one name thatld be about to take a hit. he'll tell you the name and how to dodge the sell-off. it's time to risk less and make more the action begins now. >>> and we start off with the semis getting crushed today after broadcom lowered its guidance, citing demand and trade worries. the smh semiconductor etfs sinking nearly 3% as the key players in the space fall deeper into a bear market so, will the semi smackdown continue let's get straight to the chartmaster, carter. >> it's a big mess in the sense that semis were so strong and drew in so much capital and was one of the greatest head fakes of all time, a classic trap, a false breakout in fact, let's look at it and start with that. this is a three, four-year chart of the semiconductor index, the stocks you can see the breakout let's put the line on there. when you draw in a lot of money and it ends up being wrong, that money that pushed it higher becomes an seis rant on the wa out as people have to reverse their positions. so not a good setup. no

mike khouw will break it down.rbucks shares are on fire, hitting an all time high today but if you're thinking of getting in, watch out. >> ah, mother of pearl, that is hot! >> b

mike khouw will break it down. starbucks shares are on fire, hitting an all time high today but if you're thinking of getting in, watch out. >> ah, mother of pearl, that is hot! >> because the coffee giant could burn investors and ♪ disco disco disco >> it is solid gold, bey, and the chart of the yellow metal is pointing to a sheeny breakout. it's time to risk less and make more the action begins now. >> and to kick it off with gold soaring along with stocks. touching its highest level since april 2018 as odds of a rate cut are on the rise. this solid gold rally will heat up carter >> it's the trade that never quite works but presumptively one day it will. gold has been toying with the prospects of a breakout repeatedly for the past fee ive years. but what increasingly is encouraging about it is the way we've got p heten here is a higr low and all would suggest that the tension ultimately is to be resolved there's an expression. the more authority the level has the more thor tay testiauthorit level. here's a drawin

. >>> one chip stock just had its best week in ten years, but mike khouw and guy adami think the smokycould come back down-to-earth. they'll layout a trade in the ultimate options tag team, plus -- >> it's alive, it's alive!

. >> there's one stock that mike khouw says the going up.ake meat, beyond meat sinking after the consumer group is sounding the alarm on the ingredients in the products. did this hot ipo get overheated. i'm melissa lee. you're watching "fast money" much more right after this woman: my reputation was trashed online. i felt completely helpless. my entire career and business were in jeopardy. i called reputation defender. they were able to restore my good name. if you are under attack, i recommend calling reputation defender. vo: there's more negativity online than ever. reputation defender ensures that when people check you out, they'll find more of the truth, not trash. if you have search results that are wrong or unfair, visit reputationdefender.com or call 1-877-866-8555. is where people first gathered to form the stock exchangeee, which brought people together to invest in all the things that move us forward. every day, invesco combines ideas with technology, data with inspiration, investors with solutions. because the possibilities of lif

. >>> one chip stock just had its best week in ten years, but mike khouw and guy adami think the smoky semi could come back down-to-earth. they'll layout a trade in the ultimate options tag team, plus -- >> it's alive, it's alive! >> after lagging the market all year, health care is showing signs of life, and the chart master says there's one group that's about to shoot up he'll break it down. >>> and -- tech stocks just had their best first half since the late 1990s, but dan nathan says there's one name that's come too far too fast and here's a hint. >> can i just say mag au >> look at maga. >> you will need the maga or the faangs, i think we call the maga. >> i got maga. >> it is time to risk less and make more. the action begins now. >>> and we do start with the tech trade that is raging this year the sector is up 26%, best first half in more than two decades. the four biggest tech stocks, microsoft, apple, google, amazon, adding a combined 600 billion in market cap for 2019 will these tech titans continue to rumble? let's get in the money dan, i hear you got that acronym for maga i

. >> time for the final call mike' khouw. >> rates are low, so options prices on tlt august, they'rearter? >> take profits in tlt, the thinking is put it into coke on the long side. >> dan >> apple's expectations are not high the main event is trade. to me the idea of buying it here, i'm not so enthused by that by creating a band where you get get long on the down side and up side makes sense to me >> we'll see you back next friday at 5:00 p.m. eastern. meantime, don't go anywhere. "mad money" starts right now the following program is a paid commercial presentation for total gym fitness. [music] everybody work out. feel the energy. build a better body. the best you can be. another body easy as 123. oh. ahh. better body as easy as 123 with total gym.

hi, mike khouw. >> here i am at my favorite chinese restaurant we will talk a little bit about vnk. vnk is the vanguard exchange traded product designed to track the msci reindex today we saw an extremely notable trade, traded 16 times its more than daily put volume and the trade we saw was purchase of 40,000 of the september '81/81 put streds, a roll up from the spread. the reason it is a $350 million bet is because it represents 40 million shares or below 86 it closed around 90 1/2 today. it is a bet that vnq could decline below the 86 strike by at least the amount of premium they're spending in this case, $0.55, down to 85 1/2. presumably it is a bet that could decline more than that and it may potentially be a hedge because of course vnq is up substantially, more than 25% from the beginning of the year only a few blocks of options, elliott management owns about 40,000 so they're a potential contender for having done this trade. >> i'm glad mike made the comment about the chinese restaurant. >> he beat us to it. >> you are looking at vnq, bk? >> yes if you look them, they all tra

mike khouw will break it down. >>> speaking of hot.. but if you're thinking of getting in, watch out. >> mother pearl, that is hot >>