on the desk tonight, mike khouw, carter worth, and brian stutland joins us in house. investors fear the fed may be returning to the hiking cycle. we also saw bond rates spike, housing dip, and energy rebounded a bit all this happening as a new earnings season kick off late next week before we get to the chart, what are your key takeaways from the holiday shortened week mike, kick it off for us >> from an options perspective it was a very light week with those who think that there is probably another federate hike coming up, i tend to agree with that, although the jobs report today probably helps them feel like they're getting some of that job done you know, we still at 3.6% unemployment, still with inflation around 4%, they are going to have to probably put in another 25 basis points. not in my view the 25 basis points when you are where we are around 5% makes that much of a difference, but signals that hawkish tone i think they want to preserve, and i think that's going to create pressures as we look forward >> yeah, i think they have this hawkish tone, but i don't k

on the deck, mike khouw, carter worth and brian stutland for the second half, do you stay bunched in the winners like everyone else or look somewhere new or old, the case of lemmings versus lone wolves carter worth, what do the technicals tell us here? >> there are circumstances where there are things that are loved to the extent that one has to question are they overloved? in fact, this week if you look at the performance of the s&p, the broad index beat it up 2.3, and the russell 2000 beat it up almost 2.7. and that's where alpha will be generate here. do you continue to favor the largest and steepest and most extended and most loved names, or does one start to favor those that have lagged, and so if you look at some of the relationships between these indices, and we have some charts that will do that, on way is to look at the relationship between the equal-weight s&p and the actual weight s&p that's simply a line that depicts one thing divided by another. if we put the moving average in, and you'll see in the next iteration, that this current circumstance, this overdone to the dow

mining, the industrial action in 3m, this is "options action," we're live, on the desk tonight, mike khouwcarter worth, and brian stutland we begin with another monster week of earnings on tap next week from industrials like caterpillar, travel names like uber and airbnb, to pharma, with america merck, and pfizer, and apple and amazon, both stocks surging higher, apple up 50%, amazon had feigned more than 57%. carter, let's start off with you and apple. where is this company headed from here? >> critical week for apple, not only based on its operating results but there are a few key moments in the chart let's look first at a relative chart. apple, it's pierced to the xlk, the tech sector, the spyder. apple's performance peaked in the third quarter of last year, ten months later we are down underperforming to such an extent, apple versus xlk, that we are on this trend line, for which it's bounced five, six times, almost needs to bounce here the undercut of this would be quite fatal. if you can't outperform your group over the last ten months what's going to cause it from here let's look at

. >> mike khouw. >> calls are cheaper in places including apple and they are a better way of playing. >> that does it for us ""techcheck"" is up next - [announcer] the following program is a paid advertisement for the nuwave oxypure zero smart air purifier, sponsored by nuwave, llc. right now, in your home, you and your family are at risk of breathing in billions of tiny, dangerous particles and contaminants, tied to symptoms like allergies, sleep issues, trouble breathing, and chronic fatigue, and are linked to even more serious conditions, like asthma, heart disease, cancer, and even death. the epa warns that the air inside your home can be up to five times more contaminated than the air outside. in fact, studies show that even cooking one family dinner can expose you to contaminants equal to the most polluted city

mike khouw's got the action. mike >> yeah, a firm traded 1.5 average day little options volume a lot of volatility over the coming weeks and months, actually the busiest contract other than those that expire tomorrow were the august 15 calls, but it wasn't bullish flow. just under 5,000 of those traded for about 89 cents on average. and that was mostly sellers, so, a lot of those traders are expecting that whatever volatility is going to experience, not likely to break higher over the course of the next several weeks >> all right, mike, thank you. mike khouw for more options action, tune into the full show that's tomorrow, 5:30 p.m. eastern time >>> coming up, a major alzheimer's treatment just receiving a thumb's up from the fda. we're talking to the ceo of one of the xcompanies behind that drug next. much more "fast money" in two. ws i should be trading. look! what's up my trade dogs? you should be listening to me. you want to be rich like me? you want to trust me on this one. [inaudible] wow! yeah! it's time to

mike khouw's got the action. e. >> nio traded more than two times its average daily options volume calls, outpacing puts by more than 3 to 1, that made it the sixth-busiest stock today. we saw over 42,000 calls trade for an average of 30 cents we saw a big purchase of the 11 1/2 strike calls, and those traders are betting that it has further upside >> similar action across the space, mike? >> yeah, we did. we saw some in lithium battery companies, also, the metals and mining and of course tesla was number two, it was edged out by amc on, obviously, the delaware court news, but yeah, i mean, this is always a buzzi sy space, and its today. >> mike khouw, thank you dan, you are flagging this trade, and speaking of this trade, people identify you with tesla. you are out, right >> yeah, i am out. i've had a bad year trading tesla. i had a good year last year. i put a position on, it was a last ditch effort into the earnings print, got that 10% move, covered it on friday it is interesting to see how quickly this stock m

. >>> one trader won big in activision's options today mike khouw has the action there. >> yeah, the merger arms are active in the options of activision and they have been over the course of the last month or so, but it did trade more than seven times it oovrj daily volume today, the third busiest stock overall. and the trade that really stuck out to me was a purchase of 2,000 of the 85-90 call spreads that expire this week. they paid $1.20 for those. they did so ten minutes before the news hit the tape. so, this thing was $600,000 to the good in just an hour after the trader purchased it. and to guy's point, i want to say, electronic arts saw more than three times its average daily call volume. some options traders agree with him on that one. >> you said ten minutes before the news hit the tape, mike? >> yes >> seems kind of suspicious. >> well, you know, david faber was saying that, you know, they might expect a court ruling this week he didn't expect it today, but said wednesday or thursday this trade was a bet that paid 3 to 1 if they announced in their favor, so, it

if it goes sideways, you don't have a lot of risk on. >> yep >> mike, thank you mike khouw for more options action, tune into the full show, friday, 5:30 p.m. eastern time. up next, final trades. thinkorswim® by td ameritrade is more than a trading platform. it's an entire trading experience. with innovation that lets you customize interfaces, charts and orders to your style of trading. personalized education to expand your perspective. and a dedicated trade desk of expert-level support. that will push you to be even better. and just might change how you trade—forever. because once you experience thinkorswim® by td ameritrade ♪♪♪ there's no going back. (vo) verizon small business days are coming. ♪♪♪ from august 7th to the 13th. now is the time to partner with our experts. get started today with verizon business. it's your business. it's your verizon. >>> time for the final trade let's go arne thound the horn. >> it's been a real death of insur tech the 50% margins to prove it. >> tim >> bem if you look at a double bottom, carter talked about this on the oa, but maybe on our show. back in o

mike khouw you kind of don't want to see meta rallying hard into earnings, do you >> yeah, the bar getscally the numbers that google gave today around ad-supported search are very good for meta and double-digit growth on ad i think is what meta is going to give you >> who is the cute guy from pennsylvania who had facebook in the acronym? mills? >> yes, mills. >> he's lapping the field. >> oh, yeah. >> and, you know what -- >> his fame trade. >> but this is one of those stocks that can actually continue to grow into earnings beat and then continue moving higher, just on valuation alone. >> all right, for more options action, tune into the full showed friday, 5:30 p.m. eastern time up next, final trades. it's an entire trading experience. with innovation that lets you customize interfaces, charts and orders to your style of trading. personalized education to expand your perspective. and a dedicated trade desk of expert-level support. that will push you to be even better. and just might change how you trade—forever. because once you experience thinkorswim® by td ameritrade ♪♪♪ there's no g

i think it's north of 62 now so we're not there yet >> all right mike khouw, thank you."options action," tune in friday, 5:30 p.m. eastern time >>> up next, shares of ibm fractionally lower after misses on revenue we'll dial it up and debate that when "fast money" rerntus. >>> welcome back to "fast money. we do have some headlines coming out of that tesla conference call let's circle back to "fast money" friend gene munster elon musk is actually talking. he is talking about ai spending too. >> yeah. that is not surprising he has triple downing on their initiatives around full self-driving in two ways, melissa. first he said they will have 100 x increase in the number of miles that will feed their sfd model by the end of 2024 that is staggering he followed up by saying they're in discussions with another automotive oem to license the fsd technology i had to double-take that when i heard that it's been speculated i checked the stock. it hasn't changed much i would have expected the stock to have moved up on that so that was the biggest takeaway we haven't got the all-impor

this is "options action" live in the nasdaq market site, and on the desk tonight, mike khouw, carter worth, brian stutland, and me i'm the only one on the desk you guys get to work remotely tonight. let's get to it. tech a big focus of next week's earnings the xlk up carter, after a run like that, can the technology of leadership be fading? >> what do we know dominant in terms of weight be the big names, the concentration we have had with us, and it's always with us let's make this point, it's important. when people say the top names are too concentrated, if you lock back the last 45 years the top ten years average about 20% concentration. we're 30% now. app and microsoft made new highs. the sector itself, xlk, one way to measure it, is now just back to and slightly above its highs before the bear market began, january 4, 2022. you can look at this and them consider, are there laggards to play is it a double top at a minimum before you can typically exceed a high, you back and fill at the high or back away. i'm thinking of opportunities to find something like a google, and so look at

on the desk, mike khouw, carter worth, and brian stutland. we're going to start with the huge week for stocks as we roll into earnings season the major averages rallying for the week as cooler than expected inflation data boosted optimism on the economy and the fed banks kicking off with earnings, j.p. morgan, citi, black rock, wells. the stocks trading mixed on the results. as we head into the heart of earnings season, what is onnure radar, mike, and what do you make away from the signal so far? >> we had some mixed signals this week for sure first as you pointed out, we did get somewhat better thannen expected epi data. at the same time that happened we did see increases in oil and copper prices, which we might think of commodities that are tied to the economy, sort of industrials there, so that's obviously i think a positive on the downside, though work saw two tens that went the wrong way. ten-way rates go lower that's not necessarily a positive when we take a look at what the bank had to say, wasn't all that great. net at j.p. morgan wer

seen benefits from mark zuckerberg's year of e fish sip meta, the single busiest option today, mike khouw'se, what did you see >> yeah, traded 2 1/2 times its average daily volume i think it was the second-busiest after tesla calls significantly outpacing puts a lot of that was call sellers the weekly 325 calls we actually saw a lot of early sellers in that, and the reason is probably that it has returned to the scene of the crime. the big disappointment in february of 2022 >> mike, thank you few more options action, tune in tomorrow, 5:30 p.m. eastern time. >>> up next, is the rebound for the regionals about to hit a road blaock? we'll go inside that call right after this ♪♪ at morgan stanley, old school hard work meets bold new thinking. ♪♪ at 87 years old, we still see the world with the wonder of new eyes, helping you discover untapped possibilities and relentlessly working with you to make them real. old school grit. new world ideas. morgan stanley. every business that's why comcast business de is launching theal. mobile made free event. with our business internet, new and existing cus

deflation comments for sure tesla accounted for nearly 10% of all options trading today let's bring in mike khouwecause he is going to break down the huge day of action. what happened here, mike >> tesla is usually the busiest single stock option, but nearly doubled its volume today that meant that it represents a close to 10% of all options volume, more than 15% involve single stock options volume. calls did outpace puts by nearly 2-1. but i would describe the sentiment overall as fairly mixed. now if we exclude options that expire tomorrow, the next busiest contract with the september 400 calls, 85,000 of those were trading just under a buck and a quarter contract. and my guess would be that this is just market participants who have a fear of missing out in the event that it does somehow miraculously rebound to the lat 2021 highs. >> thank you, mike for more "options action," tune in for the full show tomorrow at 5:30 p.m. eastern time >>> coming up, csx and knight-swift on the move we'll dive in next >>> plus, should you bank on the financials the regionals outperforming the bauder market over

mike khouw has more on the action what are you seeing >> yeah, looking at draft kings this traded 2.4rage daily options volume today. calls outpacing puts three to one. those are trading throughout the day and considering the stock ended up on the highs of the day, these are actually profitable already, these traders believe the move can continue to week's end >> thank you, mike for more options today, be sure to tune into the full show friday, 5:30 p.m. eastern time tim, bullish there >> i think a lot about "oa," i'm going to think about that. and i'm long for draft kings i've been enjoying the renaissance. this has been a rationalization in the build model they are not cutting each other's legs out anymore there's some profitability there. the addressable market, this has been the argument all along for online sports betting. the market continues to grow how profitable can they be they are starting to show that profitability. >> up 8% here today. >>> coming up next, it's already time for your final trade. good luck. td ameritrade, this is anna. hi anna, this position is all over the

>> exactly mike khouw, thank you. more options action, tune into the full show tomorrow, 5:30 p.m. eastern time and straight ahead, they are back big banks getting ready to report should you bank on the financials here? we'll bring you the trades next. thinkorswim® by td ameritrade is more than a trading platform. it's an entire trading experience. with innovation that lets you customize interfaces, charts and orders to your style of trading. personalized education to expand your perspective. and a dedicated trade desk of expert-level support. that will push you to be even better. and just might change how you trade—forever. because once you experience thinkorswim® by td ameritrade ♪♪♪ there's no going back. this is american infrastructure, a prime target for cyberattacks. but the same ai-powered security that protects all of google also defends these services for everyone who lives here. ♪ i was told my small business wouldn't qualify for an erc tax refund. you should get a second opinion from innovation refunds at n

check with mike khouw.did you see >> gamestop has remained one of the busier single stop options, not one of the biggest companies trading as danny alluded to. we've consistently seen calls outpacing puts over the course of the last 20 puts. that was true again today, about 3.6 to 1 the busiest options were the weekly 24 calls. well also saw buyers of the calls that expire at the end of the yeex 65 cents. what danny is doing buying puts is probably as good a price we've seen essentially bouncing around at four-year lows right now. >> thanks, mike. for more options action tune in friday 5:30 p.m. eastern time. and you can see the meme king. >> oh, stop it. >> streaming on peacock. it's also on youtube catch it >> there it is >> there it is >>> up next, final trades.tellie a million different ways i should be trading. look! what's up my trade dogs? you should be listening to me. you want to be rich like me? you want to trust me on this one. [inaudible] wow! yeah! it's time to take control of your investing ed