basically this is a bet that newfield is going to be above $47.50 by january expiration.s kind of interesting. if you look here you'll see the stock was much higher if we look back at a five-year chart. 260 is what they are expected to make but arguably the reserves are where the value comes from. with the development of lng terminals along the gulf, that might be what trade remembers betting on. >> check out the website at optionsaction.cnbc.com. >>> coming up next hour on "mad money," the household name cramer thinks is a juggernaut. >>> did you get one of those 17-pound restoration hardware catalogs? i did. yeah. cramer makes the ceo do some heavy lifting coming up at the top of the hour on "mad money." those things are pretty heavy. [bell rings] ♪ time and sales data. split-second stats. ♪ its so close to the options floor, you'll bust your brain-box. all on thinkorswim, from td ameritrade. humans. even when we cross our "ts" and dot our "i's", we still run into problems. that's why liberty mutual insurance offers accident forgiveness with our auto policies. if you qu

we talked about the trade we saw in newfield explorations earlier this week, which would be propelledt seeing gas prices finally bump up when we start seeing that first lng terminal built in texas. so i think what we're seeing here is just basically a 45-degree angle and a lot of the energy space. we've seen it in the integrated names as well. i'm sure carter is going to touch on that 37 we have. we have a long-dated call on exxon. i would be inclined to do the same thing this trader did. you want to take some of those profits and roll out. angle these things are moving right now seems too fast and furious for me. >> which subsector in energy looks the best on a technical basis, carter? >> the big, heavy -- not so much by sectors, but things like conoco and chevron are surging. we have a circumstance here, i think, really people just looking for laggards in the group. people who like the group but think some are stretched double back and find a laggard like this to play it. we think it's a catch-up trade. >> dan, where do you find the value in the energy sector? >> we've been talking

. >> best performing stock in the s&p 500 this year is it newfield exploration. >> our favorite name happens to be ox dental petroleum. it's underappreciated. last year was not a great year for nug shares. if. >> you're both in the midstream space. used to be the bhoring sector. >> that's right. but i think that what is different this time is that the u.s. is at production levels that vice president ban seen since 1970. there is a growth story in our u.s. energy companies now. it won't only come from merger and acquisition. it will actually be taking our products and perhaps sending them out of the country. >> and we will continue this conversation after the break. thank you very much for joining us. as we're saying after the break, more on energy. slightly different angle, though. one of our guests say u.s. is about to spend million, but it will not affect gas prices. >> and time for today's mystery chart. do you know what this is? it's the into tnot a single sto. it happens to be the world's best performing stock market index this month. about speeds and feeds. it's all about laten

i'd highlight names let's say in the u.s., newfield has got a fantastic amount of running room in the unconventional story in north america. i think new plays the stack and the scoop and resources there are growing pretty substantially. and that's still a very unloved name. it's less than six times cash flow. come across to europe, europe is the area that really we've seen very little attention and interest in the last 18 to 24 months. if you think the bankers petroleum, ail buena based, they actually operate the biggest on-shore oil field in europe. and that's trading less than five times cash flow. look at endquest in the north sea, developing fields in the north sea. that's trading less than four times cash flow. there's still a lot of cheap stocks out there. we're moving the portfolio around to try and grab those at the right time. >> real quick, any time you see the price spike in oil, you get all the other affinity for coal, natural gas, solar, things of that nature. do you see that happening once again? >> yeah, i think -- i mean, we're very wary of seeing oil price spikes. hig

now, leading the move higher today, newfield exploration, williams companies, ensco apache all at 52-week highs. speaking of near-term highs, what about record highs? we're seeing them for the big ones like exxon, chevron, conoco phillips, the majors in energy are hitting record highs. the sector is near record highs, melissa, a trade working this year for a lot of traders. >> thanks, dom. wti and brent, pete, are taking a breather. >> right. we've talked about this. the fact that the energy names don't have to have oil moving to the upside. these names have a lot of value because of the fact that so many of them have also pushed themselves into the nat gas space. when you look at conoco, chevron, exxon mobil, you see what we're talking about and bp for that matter. all of these names moving to the upside. we've had nothing but unusual activity in the energy space for quite a while including the utilities last up can of weeks. utilities have been on fire. now you've got the acquisition today. i still think there's upside in the utilities. >> oil services is really important to work in

newfield exploration. by the way, the world cup -- >> distracted momentarily there.ven i am excited. >> argentina. i got it. i am excited. stuart: charles, you talk about tech all the time. >> i think that you have to be select did there. i love the company. hate the stock. i hate amazon stock right now. apple, google, i think you cannot really lose with those. i think they are very reasonably priced. >> i love the company. i cannot get comfortable with that stock price. stuart: you think that that is way too high. >> for a company that does not really turned a profit, yes, i would. stuart: talking about the gdp report today. an annualized basis in the first quarter. >> it is showing that we were not in and immaculate recovery. stuart: i am worried about a second quarter where we see another negative position. charles, your take on the gdp report. >> obviously, just the weather. construction was revised upward. the down revision overall, experts, things that are less affect did buy it. >> the end of the recession. it really tells our viewers how bad it really looks.

the focus on the good one, oil and gas, newfield has done remarkable job.es, look at this linn, i don't know what's going to happen with linn because it's controversial, big short position. but companies had asset, you see all over, look at the restructuring with freeport, anything oil and gas, nabors a terrible stock, onshore driller. guess what? on shore's drilling as hot as it gets. they all make sense. >> you mentioned amazon. if anyone's missed "amazon risi rising." tonight a nice reaft-air. >> those of us in prague get a chance. >> i expect your full review in an e-mail form. >> absolutely. >> good and bad. >> i'll do a 4:30 e-mail. >> notes. >> notes. >> congratulations. >> thank you. >> very nice. a lot of work involved with those. >> right. many, many people as you well know. >> a look at opening bell here. s&p at the top of the screen as we finish out the first half. down here at the big board, new york city rescue mission, raising awareness for the city's homeless. nasdaq, water keeper, protecting waterways, celebrating its 15 24 anniversary. >>