short spy. >> mike ko >> that's the best way to play it on the long side. >> mr. what he said that to he's got the short spy and i like that trade and i also like wells fargo. >> that does it for us on options action see us back here next friday at 5:30 p.m. eastern time "mad money" starts right now >> my mission is simple. to make you money. i'm here to level the playing field for all investors. there's always a bull market somewhere, and i promise to help you find it. "mad money" starts now >> hey, i'm cramer welcome to "mad money. welcome to crameric ark. my job is not just to entertain but to educate and teach you call me. or tweet me @jimcramer you couldn't really tell from the action today, dow inching up 40 points, s&p advancing, nasdaq gaining .59% we got a pitch

mike ko says the stock could be about to cool off. he'll lay out the trade.time to risk less and make more the action begins now. >> let's get right to it because we just wrapped up the busiest week for earnings and half of dan nathan's $4 billion maga trade reported and that's alphabet and amazon for those who haven't been following along. microsoft up 4% to a new all-time high crossing $1 billion in market cap and it jumped off its report and we're awaiting alphabet earnings on monday and it's implying a roughly 4% move in either action for those stocks and dan has a way to play one of them into the results. you're looking at apple. >> it's important for those names and it's 4 trillion in market cap and microsoft was able to kind of put up the numbers that they did react the way they did amazon given the guidance acting the way they did, pretty decent, too. next week if you think about apple it's a pretty special situation and we started with the negative preannouncement from apple and we've not seen an announcement like that in less than ten years and a 35

short spy. >> mike ko >> that's the best way to play it on the long side. >> mr.at to he's got the short spy and i like that trade and i also like wells fargo. >> that does it for us on options action see us back here next friday at 5:30 p.m. eastern time have a great weekend meantime, don't go anywhere. mad money starts right now - [announcer] the following is a paid presentation brought to you by national debt relief. are your credit cards maxed out? are you just making the minimum payments, or worse yet, falling behind on your bills? are you stressed out all the time by your debt? is debt keeping you awake at night? there's reason to worry. check out your credit card statement. if you're only making the minimum payment, it could take you over 20 years to pay off. - having debt is like having a tremendous weight on you and you can't lift it and you don't know what to do or how you're gonna get out of it. - i was on like a treadmill, just not going anywhere. i mean, i would just work and work as hard as i could,

if you want to buy this, mike ko has the way to do it for next to nothing. >> mike.he first thing i would point out. if you are thinking of buying the stock, right now the options market are saying you may want to be careful about that we are seeing some warning signs in in the wamarkets for lyft one thing you want to try to do if you can is buy it for less prevailing stock price one of the reasons we see this unusual activity for the options market is the lock-up that we have coming in september 25th right now the options market implies the forward price for lyft which was about $75 when i was looking at it today. it is close to 68.5 down in october. if you sort of say all right, we are going to draw some reasonable bands of expectations around that. we are looking at a range in here if you look at this range, that's a little bit of upside. it is kind of a a lot of downside but because the options market is making this kind of signals for us, it gives us the opportunity to take advantage of that when i was looking at it earlier today. october 77.5 call were trading

>> don't worry we've got you covered as the streaming giant gears up for earnings next week and mike ko will tell you how to make money if you think this hot stock is about to cool off. plus -- there's one casino stock that's soaring >> gambling? who said anything about gambling in it's not gambling when you know you're going to win >> brian stud has the perfect trade for you to cash in on the rally. he'll tell you the name and how to trade it and later -- >> one group of stocks is trading near its highest level in more than a decade, but the chart master sees something that has him sounding the alarm he'll break it down. it's time to risk less and make more the action begins right now. >>> and let's get right to it. netflix falling ahead of earnings reports as disney unveiled its new streaming service and the stock is up more than 30% this year and the market implying a move of 8% in either direction and this stock has had an average move of 6.5% over the past eight quarters the chart master thinks investor should turn off this stock carter worth is over thea tat te plasma. >> it's a b

season kicking off tomorrow some traders think the big banks could be primed for a move higher and mike koncisco with the options action hi, mike >> hi there, it doesn't seem that the traders in xlf options aren't concerned about the two prior guests have talked about and clients outbased puts by 3 to 1 in the xlf and the most active options were the april 27th call and over 40,000 had traded for 14 cents and by the end of the day over 50,000 had traded and those were bullish banks that xlf could finish which is a day shorter than it normally would be and next thursday, 2.5% higher and the thing i would point out, we have 56% of the constituents of xlf will be reporting their earnings by the end of next week and we can see that price embedded in the options because about two-thirds of all of the move that the options market is implying for the financial sector overall over the course of the next month looks like the options market thinks that all of that will happen within the next seven days. so right now maybe because financials are relatively cheap, 13 times earnings overall, they're po

. >> the valuation, by the way and his hair seems to be flying away mike ko. >> still handsome. >> mike ko in san francisco we'll see about that see you friday options action a5:t 30 p.m. eastern time. >> karen's fast pitch next i don't know what's going on. i've done all sorts of research, read earnings reports, looked at chart patterns. i've even built my own historic trading model. and you're still not sure if you want to make the trade? exactly. sounds like a case of analysis paralysis. is there a cure? td ameritrade's trade desk. they can help gut check your strategies and answer all your toughest questions. sounds perfect. see, your stress level was here and i got you down to here, i've done my job. call for a strategy gut check with td ameritrade. ♪ oh, wow. you two are going to have such a great trip. thanks to you, we will. this is why voya helps reach today's goals... ...all while helping you to and through retirement. can you help with these? we're more of the plan, invest and protect kind of help... voya. helping you to and through retirement. with a $500,000 life insurance

horton will be above 5.41 which is four week away mike ko in reno, nevada and not epcot center check 5:30 eastern time and still ahead bitcoin is back. the crypto surging more than 40% this year so what is behind this move our resident bitcoin baller brian kelly will weigh in and there's jim talking to the kohl's ceo about the company's partnership with amazon. catch that at the top of the hour we are live at the nasdaq marketsite in metis square much more fast still ahead ♪ ♪♪ ♪♪ ♪♪ oh, wow. you two are going to have such a great trip. thanks to you, we will. this is why voya helps reach today's goals... ...all while helping you to and through retirement. can you help with these? we're more of the plan, invest and protect kind of help... voya. helping you to and through retirement. and through retirement. state of the art technology makes it brilliant. the visionary lexus nx. lease the 2019 nx 300 for $359 a month for 36 months. experience amazing at your lexus dealer. woi felt completely helpless. trashed online, my entire career and business were in jeopardy. i called reputation d

>> don't worry we've got you covered as the streaming giant gears up for earnings next week and mike koll you how to make money if you think this hot stock is about to cool off. plus -- there's one casino stock that's soaring >> gambling? who said anything about gambling in it's not gambling when you know you're going to win >> brian stud has the perfect trade for you to cash in on the rally. he'll tell you the name and how

. >> that's cool and all, but dude, where's my car >> after a wild week for investors, mike ko

due to the grounding of the 737 max, but options traders think the stock is about to take off and mike ko is in san francisco with the action. mike. >> hi there, we did see above-average options following the earnings release and bullish bets outpaced bearish ones and one of the trades that i was looking at was a purchase of the may 10th 382 1/2 calls and someone paid for those and boeing will exceed the 382 1/2 strike price and that would take it above $388.50 by may 10th i think is interesting because on the earnings call they did indicate that they had to withdraw prior guidance and they did release new guidance and some new indication would come out shortly and the stock would likely recover the prices that it hasn't seen since they announced those 737 max production cuts on april 5th >> pete, what do you make of the action >> i'm amazed at the resilience of boeing is absolutely unbelievable and when you look at free cash flow, it's actually down 10% and it's still amazing. it's an amazing number at some point in time, you have to figure this will be on the backburner and because of t

after affirming guidance for the year and some traders betting the rally will be short lived and mike kon san francisco with the options action mike >> ge saw two times the average daily options volume today and that made it the second most active single talk option after apple in terms of content. despite what was widely viewed to be a better-than-expected result, the most active options were the june 9th puts and over 36,000 of those traded in total today and that included a purchase of 33,600 of those for 19 cents and someone is making a bearish bet that this relief rally might be over within the last seven weeks and the stock could see a decline of 13% from the levels where it closed today. >> mike, thank you very much >> tim, gueie, one of your draft picks. >> the number one pick and i'll tell you, it's a lot of pressure and people were booing me out of the arena and here's why ge was a good pick of the stock draft on cnbc's powerlunch one of the great events on financial tv this is a balance sheet cleanup story and this is something that a company to me, you're playing a sum of the

honeywell, sparking a flurry of activity mike ko is in san francisco with the action hi, mike. >> it's common to see elevated options going into earnings. sometimes it's less common to see them coming out of it and we saw 16 1/2 times the average call volume and most of that was opening and where we saw a lot of that activity was in the may 1, 75 calls and 13 of those trading at 40 sens and those are bullish bets that honeywell's rally will continue and it will go up at least another 4% over the course of the next month, and i would also point out when we look at activity like this we try to find trades that basically characterize the overall sense of the flow, but this day we saw significantly bullish activity in honeywell. it wasn't really a 50/50 shot in this case and definitely bullish activity looking for new highs >> guy, you like hon >> i'll miss it tomorrow and we've said for years and overlay the honeywell chart and you'll see one company that's doing everything correctly and another company that's doing everything incorrectly and the chart speaks for itself >> all right >> mi

mike ko is in san francisco with all of the action. >> hi there. morgan stanley is implying a 3.1% move and that might not sound like much, but as you point out it's one of the last banks to report and it's averaged over the last eight quarter and above-average volumes one of the trades i saw was a purchase of the april 46.5 and what it look said like to me was someone rolling a position up to the 46.5 puts. they spent about 50 cents to do that and that would be bearish that it will fall below the 46.5 put stripe and i would point out that those 44 puts that they were rolling up from, they initiated only last week it looks to me, so i think what's happening is they might be hedging a long position and the stock's been getting away from them a little bit as it's risen more than 10% since the end of march. >> guy, what are you expecting out of this? >> disappointing i thought goldman sachs was disappointing and morgan stanley was the same and the price actions is staple and action same and it went from 37 to 47 and that's the biggest move we've seen

express shares up 20% and outperforming the rest of the shares and the rally could come to an end and mike kohere with the options action. hi, mike >> the options market is implying about a 3% move for american express and that's about in line with what it's averaged over the past eight quarters and when i looked at the options activity around an hour and a half before the market closed and it had traded two and a half times the average daily volume by the time the market closed and therefore trading quite a lot as the closing bell approached and most of that activity was concentrated in the 111 and 107 puts that expire tomorrow and the reason for that was that it was actually purchases of the 111, 107 put spread including a block of a thousand of those trading for 113. and that's representing 1% of the current stock price and it will fall as low as 107 after they report tomorrow >> thanks for that, mike >> we are off this friday, but options action is up next, and wonder why guy adami iwang this unicorn onesie? it's not just what he wears around the house we'll tell you after this. i don't k

. >>> ohio governor mike dewine signing a heart beat bill into law. kou koconsistently struck down all such laws, most recently in iowa in january. dewine acknowledging the same fate awaits this law but hopes the u.s. supreme court uses this case to overturn roe v. wade. >> the purpose of this bill is really to have a vehicle for the united states supreme court so should it be ready to do so it could revisit prior rulings. the united states supreme court will ultimately make a decision. >> a previous ohio heart beat bill was vetoed by former governor john kasich before leaving office. >>> that monster snowstorm that knocked out pours for ten of thousands hovers over the plains. parts of south dakota and minnesota could see as much as 30 inches of snow before the storm shifts north to canada. schools are closed today in minneapolis. fargo, north dakota, has closed all nonessential city offices due to the blizzard like conditions, and in denver, a pickup truck driver was killed on wednesday when police say he lost control of the truck and slammed into a snowpl