carter. >> sell transports ioyt the vehicle. >> tony. >> sell put credit spreads on best buy. >> mike khouweads and to go short shorts. >> hope you don't wear those that's all for "options action." happy holiday, happy new year. stay tuned "mad money" with jim cramer starts now - [announcer] the folg program is a paid advertisement for nuwave oxypure smart air purifier sponsored by nuwave llc, featuring deborah norville on award winning journalist and new york times bestselling author. - we are all living in strange and unsettling times. never in history has everyone on the planet been challenged by the same thing. covid-19 has changed the way we work, the way we interact and we're all still trying to figure out what it means for our future. amidst the uncertainty, all of us are trying to take care of our families as best as possible. i've lost track of how many masks i've made and we've all been wiping down door knobs and surfaces.

>> sell put credit spreads on best buy >> mike khouw? spreads and to go with my short shorts >> hope you don't wear those that's it for "options action. we'll see you back here in the new year happy holidays, happy new year stay tuned, "mad money" with jim cramer starts now. [announcer] the following is a paid commercial program for rotorazer, sponsored by razor tools llc. (upbeat music) - uh-oh. can't find the right saw for the job? you need a handsaw for this, a circular saw for that, a bandsaw, a miter saw, and a jigsaw? and with all the different blades, that job's turned into an expensive jigsaw puzzle. not anymore. (saw buzzing) hi everybody, i'm joe fowler, and this is the rotorazer. over 3000 screaming rpms of workshop muscle,

. >> the fed is going to be a powerful force in the new year mike khouw, would you at least agree with that part, and what do you think of jeff's way of applying small caps? >> yeah, well, i think he's hitting on one of the most important elements which of course is that with monetary policy being what it's been, it's very hard, i mean, we say it again and again, and of course we continue to see plenty of evidence of it, but you don't fight central banks. when you see the monetary supply increase in the way it has done, you know, it's pretty tough to sell risk assets, right? despite the valuations and i know a lot of people have expressed considerable concern about that, think about the last time we saw a material selloff that was unrelated, obviously, to things like the pandemic, you know, i'm thinking mostly of things like q4 2018 that was concerns about decreases in central bank balance sheets. absent anything like that i wouldn't expect any kind of a material pullback. the other thing we should be taking a look at is think about rotating into things that haven't seen so much streng

mike khouw, tune into the full show tomorrow 5:30 p.m. eastern time much more ahead on "fast money." here what's coming up next >> markets may be at record highs. are some of the highest flyers ready to come back down to earth? nyu's dean of valuation breaks down what he's seeing. plus, the bold move by warner bros. that lowered the curtain on the stocks of theater chains today. all that and a lot more when "fast money" returns it's a thirteen-hour flight, that's not a weekend trip. fifteen minutes until we board. oh yeah, we gotta take off. you downloaded the td ameritrade mobile app so you can quickly check the markets? yeah, actually i'm taking one last look at my dashboard before we board. excellent. and you have thinkorswim mobile- -so i can finish analyzing the risk on this position. you two are all set. have a great flight. thanks. we'll see ya. ah, they're getting so smart. choose the app that fits your investing style. ♪ ...i was just fighting an uphill battle in my career. so when i heard about the applied digital skills courses