on the desk tonight we have mike khouw, carter worth, and brian stutland. let's get to it. another slew reporting next week, including macy's lowe's and -- their tickers are separated by one different letter. their price action couldn't be more dissimilar. however, carter worth believes one is going to turn a corner and the other is heading in the same direction. carter, which is which? >> we're getting to the end of earnings season. it's retailing big names that bring up the rear. banks lead, retailers end it. today we're going to look at one name that's been very, very strong, and one name that's been a real laggard and each is an opportunity because of that circumstance. let's get right to the charts. what we're going to see is three identical charts. kohl's first. it's a laggard. we have the makings of a double bottom. and then the second of three, we have a downtrend line and we've moved above the downtrend line in effect for the past 12 months. the arrow is a judgment. that's my conclusion. i think you want to be long going into earnings. now, at the opposite end, tak

on the desk tonight, mike khouw, carter worth, and brian stutland we start off with the market wobbling a bit the s&p and nasdaq ending a five-week winning streak the nasdaq fell over 2.5%. next week we'll get inflation and cpi and consumer as disney, ralph lauren week after it's the big boys, walmart, target, macy's, home depot, and many more let let's kick it off with the charts carter, what are you expecting here for disney? >> first let's look at the disparity or divergent between the s&p 500 consumer discretionary sector and -- sector you'll see on the first chart these two lines. one is the actual sector as producted by standard and poor's, up 30% year to date. and of course that's dominated by amazon, tesla, home depot and mcdonald's the consumer line, that's the same sector, but every stock is given equal weight, so foot locker gets same as amazon that's a much different story. this is as big as important as it gets. not so much in terms of market cap, but it's dow stock, one of the great brands of all time, and it's on the ropes. look at the next chart. same lines right at a le

on the desk tonight, mike khouw, carter worth, and brian stutland. hello. j, good to be with you. stocks finished solidly higher. fed chair powell warned rates could go higher to combat rates sending the market lower you but then the frowns turned upside down. okay, where does that leave us carter worth? make sense of it. >> sure. just as you say, the conclusion was thats after full today, but it was up almost 1%, down 1%, closed well. on the week before we look at the charts, that's the thing. the dow jones industrial average was down, the transportation ank down on the week, the russell was down on the week. the s&p up, the midcap unch. it's something for bulls and bears. we have a topping formation. let's look at that not only in the s&p and severalin aggregate. first line. minor reversal knowns a head and shoulder. let's look at the next aggregate. this is the next chart. nasdaq 100. you can't tell them apart. let's keep going. you'll see instance after instance, okay, this is the sector, right, that depicts all industrials. xli. it's the same setup. let's keep going. all the

on the desk tonight, mike khouw, carter worth, and brian stutland we start off tonight with the marketing, the s&p down over 2%, while the nasdaq fell over 2.5%. next week we'll get the latest readings on inflation with cpi and we'll also start to get our first reads on the state of the consumer as retail names start reporting, disney, ralph lauren, capri, all next week, and then the week after it's the big boys, walmart, target, macy's, home depot, lowe's and many more so let's kick it off with the charts here. it has been a mixed bag for retail this year disney is negative carter, what are you expecting for disney >> yeah, first, let's look at the disparity or divergence between the actual s&p 500 consumer discretionary sector and the equal weight sectors, you'll see on the first chart of the screen these two lines, one is the actual sector as constructed of standard and poors's. up some 34% year to date and that's dominated by amazon and tesla. those four almost 50% weight the real message of consumer is the other line, that's the same sector, but every stock is given an equal weigh

we have mike khouw, carter worth, and brian stutland. big woke of a earnings on deck big box front and center target and walmart, some of the big stocks ready to report, all of these names have underperformed the broader market but, could there be a retail revival for one of them? the chart master is looking at the technicals carter, what do you see and in what names >> sure, you bet let's drill down on home depot while they're all different, it's been a real lagger. in itself it's down 22% from its high, whereas the s&p is down only 7 let's look at three identical charts so, weekly bars, no drawings, no lines, no judgments. put some in. iteration 2, what do we have we have converging trend lines, we have strength that is enough to move up and out of the apex of that formation. another way to annotate it, third and final chart, would be as follows, when you want to call that a cup and handle, double bottom, doesn't matter what you call it, it is the element with a definition of a turn my thinking is one wants to be long home depot. and t

lee tonight, this is "options action" live from the nasdaq market site and on the desk tonight, mike khouw, carter worth and brian stutland, welcome, gentlemen. good to be with you, if not with you virtually, we're here together. stocks reverse course today. they finished solidly higher. the fed chair powell said rates could go hightory combat inflation, but then the frowns turned upside down when the chair later cited, quote, especially robust consumer spending and early signs of a recovery in the housing market. okay, but, where does that really leave us, carter worth? how do we make sense of it? put a trade in. show us some charts. >> the conclusion was it was full today but almost 1% and then down 1% at the close. on the week before we look at the charts, that's the thing, the dow was down on the week. the transportation average was down. the russell 2000 was down on the week. thes&p up. the mid cap unch. we have a well-developed topping formation and let's look at that not only in thebseveral aggregates. march to present to the high, the market is up 20%. but it has this minor reversa

mike khouw has the action. mike, what did you see >> yeah, so, i was looking at msos, that's the adviser shares pure u.s. cannabis etf this one traded well over eight times its average daily options volume, closer to nine, actually over 100,000 contracts that represents 10 million shares there were a number of bullish bets that we saw in here one of them was a ratio call spread the january 6th calls, it was a net of about 3 cents, selling those upside calls, mitigating the a jan 6 calls, thinking this could recover back to $10 by january expiration >> mike, thank you for more options action, tune into the full show, friday, 5:30 p.m. eastern time. >>> coming up, the chart master will join us with picks that are so bad they are good grab a pencil and paper, you can't afford to miss this one. "fast money" is back in two. rude. who are you? i'm an investor in a fund that helps advance innovative sports tech like this smart fitness mirror. i'm also mr. leg day...1989! anyone can become an agent of innovation with in

mike khouw has the action. , it's one of the busiest names in health care today traded well over two times its average daily options volume and the busiest contract were the september 450 puts we actually saw a buyer of 2, 300 of those paying $16.20 a contract 's $3.7 million in premium to make a bearish bet that it could trade down by 20 bucks by september expiration it could be a hedge, that would be insurance on $100 million on the underlying >> mike, thank you for more options action, tune into the full show, that is friday, 5:30 p.m. eastern time. >>> coming up, shares of united rentals having a red hot summer. will the run continue? we'll hit that trade next. >>> plus, our next guest sees a big red flag in the housing market what is brewing, and how he's hoping to profit from turbulent times? reucl bring you that and mh mo when "fast money" returns good luck. td ameritrade, this is anna. hi anna, this position is all over the place, help! hey professor, subscriptions are down but that's only an estimated 1

mike khouw has the action. yeah, this is not a name that trades a huge amount of options, but it did trade more than four times its average daily put volume today and one of the trades we saw was a purchase of 250 of the accept item per >> mike, thank you for more options action, tomorrow, 5:30 p.m. eastern time. >>> there's a lot more "fast money" to come here's what's coming up next >>> alibaba's big quarter. the chinese tech giant seeing shares jump after its latest earnings report. so, is it time to baba-bye >>> plus, it's a bird, it's a plane -- no, it's an electric plane. red hot archer aviation is out with results we're diving into the numbers and its new deal with the airports w we're with the company's ceo you're watching "fast money," live from the nasdaq market site in times square. we're back right after this. 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.

mike khouw has the action. ons market is implying a move of about 5.5% that's actually less than the 6% or so that it's averaged over the last eight reported quarters calls did edge out puts very slightly, but the biggest individual call trade was actually a sale of 2500 of the august 90 calls. they were $1.72. the caller obviously betting that the stock is not going to rally significantly through that $90 strike price my guess is it's somebody looking to collect a little bit of premium against a long equity position >> all right, mike, thank you. for more options action, tune into the full show, friday, 5:30 p.m. eastern time. >>> should i stay or should i go how the classic clash song might perfectly summarize what's facing investors right now we're diving into the sentiment survey, when "fast money" tus. (swords clashing) -had enough? -no... arthritis. here. aspercreme arthritis. full prescription-strength? reduces inflammation? thank the gods. don't thank them too soon. kick pain in the aspercreme. with powe

mike khouw has the action. the average daily call volume, calls outpacing puts by about 5 to 1 the options market is implying a move of 5.2% and one trader is better that is going to be the upside the busiest contracts were the 36 calls that expire at the end of this week 17,000 of them traded overall, but that included a purchase of 10,000 buyer paid 34 cents and the break even for that trade is up 5.2% >> thank you, mike tim, you're actually in your crane yum. >> i'm long uranium. uranium also likes the news we just got out of fitch. you think about the structural issues in our country, nuclear energy solves a lot of them. if you look at the execution at ccj, i mean, that's part of the story. that's why the stock's at all-time highs, why the stock is breaking out, despite the backdrop for uranium we had one of the first newly construct ed nuclear reactors in the u.s. come into operation for the first time in 30 years remember that no nukes album -- >> jackson brown >> jackson brown, bruce springsteen, i mean,

mike khouw joins us now with the action. ah, i think they're making hedge bets to the upside. this is always one of the busiest single stock options. today, it was second or third overall. implying a move of about 11% higher or lower by the end of the week. one of the bigger trades that we saw, making that upside belt to that $520 price target that carter was just referencing. but not risking a whole lot relative to the current stock price. they bought 3,400 of the calls and sold as many as the 520 calls. they risks just under 2.4% of the current stock price, making a bet that the stock could be up between 6% and 14% by september expiration. >> all right, mike, thank you very much. and of course, for more options action, you can tune sinto the full show that's friday at 5:30 p.m. eastern time. >>> up next, our final trades. this thing, it's making me get an ice bath again. what do you mean? these straps are mind-blowing! they collect hundreds of data points like hrv and rem sleep, so you know all you need for recovery. and yo

mike khouw has the action. what do you say, mike?ed more than 14 times the average daily volume today. puts outpacing calls by more than five to one. options market implying a move of 10%. one trader is betting it could be bigger than that, and much further lower. we saw over 14,700 of the november 9 puts trade for 31 cents. the buyer betting that the stock would fall 20% or more over the course of the next three months. >> interesting. julie, quick comment from you? >> yeah, beauty is usually a pretty good category, but they really haven't been able to keep up and stay fresh. i understand the weakness. >> all right, mike, thank you. and for more options action, be sure to tune into the full show, that is friday at 5:30 p.m. eastern. i'll be here, hope you will be, too. >>> up next, final trades. you ok, man? the internet is telling me 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 ti

options traders are doubtful that tomorrow's report is going to lead to a turnaround for target mike khouwaction hey, mike. >> yeah, so, right now, the options market implying a move of about 7%, that seems like a lot, of course, it's moved even more than that on average the last eight quarters, the result of a couple disappointing ones, where we saw moves of 13% and 25% to the downside. traded five times its average daily put volume today one of the trades that stood out to me, a purchase of 1,200 of the september 120-strike puts. that traded for $4.80. the buyer spending $576,000 in premium betting that target is going to drop below that $120 strike price by september expiration that's a month away. >> all right, there you go there's the call for more -- thank you, mike. for more options action, be sure to tune into the full show, friday at 5:30 p.m. eastern time on cnbc. >>> coming up, home builder holdup rising mortgage rates taking a toll on the construction companies. the whole housing picture ahead, when "fast money" returns. you ok, man? the internet is telling me a million differe

mike khouw has a look at the huge day for the stock mike >> yeah, this one was one of the top ten most active single stock options. traded well over 15 times its daily average options value. it was the august 30 calls that were most active, but those wer taken over by the august 35. i should point out that it's a common strategy to buy stock and then sell upside calls to squeeze a little bit more premium out when they are anticipating a deal is going to happen, and i think that's the way they're betting on this one. >> for more options action, be sure to tune into the full show, that's friday, 5:30 p.m. eastern time. >>> we have a market flash on discover financial kate rooney has the details on this kate >> hey, melissa. so, the ceo of discover financial is stepping down this is effective immediately. he's stepping down as chairman and president of the board here, also ceo all effective today. he'll stay on as an adviser of the board through the end of the year the board, they say, has established a special search committee to find a successor. there is an interim ceo stepping up, joh

. >> mike, thank you mike khouw for more options action, tune into the show tomorrow, 5:30 p.m.tening 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 education. cut through the noise with best-in-class education resources that match your preferred style of learning. learn your way. not theirs. td ameritrade. where smart investors get smarter℠. >>> final trade time courtney >> watchi i ing energy prices. i would take mltx here >> karen >> i bought tosome tlt calls, because i think the run is a little too hot >> dan >> i actually think -- i bought tlt calls yesterday, september expiration but i'm doing it a little differently, because i'm losing money, trying to get it back >> trying to >> expedia two-day rule, three-day -- >> three-day t today is day one >> dan >> what do they call that thing, the fifth wall, the third wall, something like that, stephanie back in ec doing an amazing job with the brothers alman. psx in the energy space like courtney said. >> nice. all right, thank you for watc

mike khouw has the action. >> yeah, crowdstrike traded about two times its average daily put volume theof 8% it seems that some traders think that move is actually going to be to the downside the most active contract were the weekly 135 strike puts we saw over 4,100 of those trade for a little over $2.20 a contract the buyers betting the stock is going to fall below that 135 strike price that would be a downside move of 8% or more >> all right, mike, thank you. for more options action, tune into the full show, friday, 5:30 p.m. eastern time. >>> up next, we've got your final trades this thing, it's making me get an ice bath again. what do you mean? these straps are mind-blowing! they collect hundreds of data points like hrv and rem sleep, so you know all you need for recovery. and you are? i'm an investor...in invesco qqq, a fund that gives me access to... nasdaq 100 innovations like... wearable training optimization tech. uh, how long are you... i'm done. i'm okay. >>> time for the final trade around the horn we go. julie biel >> west pharmaceutical, if you want to be in health care, t

mike khouw, thank you. for more options action, tune into the full show, friday, 5:30 p.m. time. up next, final trades. good luck. td ameritrade, this is anna. hi anna, this position is all over the place, help! hey professor, subscriptions are down but that's only an estimated 15% of their valuation. do you think the market is overreacting? how'd you know that? the company profile tool, in thinkorswim®. yes, i love you!! please ignore that. td ameritrade. award-winning customer service that has your back. >>> time for the final trade. tim? >> i think j&j outside of some of the overhang here is going to give you low double digit growth for the next four, five years. and i think it's worth owning over time. you'll get through this. >> dan? >> small caps have lagged over cyclicals. and i think profits are about to start to accelerate. >> bonawyn? >> i don't think that rate volatility can persist without that trickling into the equity market. vix. >> guy? >> look how fast it got here. look how fast they got here! that's why it's such a great website. marathon oil. mro. >> viol

mike khouw joins us with the action >> yeah, traded all 2 1/2 times its average daily options volume, that traded today so, we did see calls outpacing puts by about 3 to 2 the busiest contract were the weekly 500 strike calls that expire a week from tomorrow. we saw about 34,000 of them trading. risking about 1.7% of the current stock price on bets that the stock could retest those highs that we saw overnight. >> mike, thank you of course, for more options action, be sure to tune into the full show tomorrow, 5:30 p.m. eastern time coming up, will the auto workers go on strike more on today's vote deadline and what it might mean for the legacies like ford and gm, when "fast money" is back in two. (fan #1) there ya go! that's what i'm talkin' about! (josh allen) is this your plan to watch the game today? (hero fan) uh, yea. i have to watch my neighbors' nfl sunday ticket. (josh allen) it's not your best plan. but you know what is? myplan from verizon. switch now and they'll give you nfl sunday ticket from youtubetv, on them. (hero fan) this plan is amazing! (josh allen) another amazing