pete najarian joins us live. ike somebody thinks the run they've had recently will continue to the upside. the october 55 calls are a very low volatility stock they're paying a little over 45 cents. stock was underneath 54 at the time of the purchase but they're buying the 55.5s so they're buying twice i like that role from a successful trade earlier. i like what we see i'll probably be in there for three or four weeks, somewhere in that time frame and we have an update from yesterday. >> oh, by the way, that stocks is up 2%. >> yesterday was trading just above $5 a share they were buying the september 7 expiring 15 calls and the september 7 expiring 15.5 calls so similar to october where you see two buyers of something in the same day during the show yesterday somebody also bought 4600 of the regular expiring september 15 calls. later in the day there was a word out about google and the work they were doing so that made this more interesting stock popped to 1648 you have to be disciplined that's when we saw the o

important questions remain how long can this bull run last and what do you buy at these historic highs pete najarianat do you say >> there are three points i would like to bring up right out of the gate. we are getting very close. mike said we are going to see some sort of a pullback and when you do, you'll be able to buy that pullback because it's not going to last very long and i do tend to agree with with him, i tend to be more bullish than bearish and i still look at the news every single day and obviously at some point in time i think we can pull back and there are plenty of areas in the market right now and the multiples are still extremely low and i think there are opportunities everywhere and if you went to the 13 epps this past quarter, citi, bank of america and i'm talking about guys like david tepper and other guys that are huge investors that are still putting their money into those kind of areas and airlines are very inexpensive and we continue to see buyers there and warren buffett sold a couple of his positions and i think the combination of that and i think you look in the pharmaceut

here to debate the tesla trade and joe terranova, and pete najarian let's begin with tesla, the stunning news. in a moment we'll be joined by robert chapman, but recently the analyst who sparred with elon musk, tony saconatti welcome. good for being here. >> give us the probability here. what do you think? >> you know, i think it's less than 50 percent that it happens. never say never. timically it's funded by a large amount of debt getting potential 30 to 65 billion worth the dead it has no catch flow today, so today you say, okay, you may need a lot of equity and there aren't that many people looking to put in 30 to 60 billion. so you go through that process now, is it possible that elon has convinced people or convinced a small set of folks who want a significant stake in the company to step up and buy it at that price i suppose it's possible. if i were to put odds on it, i would say it's less likely than likely. >> maybe the stock and bond markets are casting the same bit of doubt as we watch the stock trade and the bonds as well. toni, you put together a list of eight questions you

. >>> you may be wondering just what exactly does pete najarian do in his trip to beautiful minnesotatony praxton "unbreak my heart," while driving to home depot. those are just the fantastics. >> just the facts, jack. >> sorry, you lost you're taking it well though, pete good to see you. >> i appreciate that. >> pete najarian time for the final trade tim? >> i'm a fan of mlps all time highs looks great. >> you know what looks like it wants to break out, small tech bioteches. >> >> avis budget, bye. >> guy. >> silence is breaking out, sister. >> thanks for watching seyou ckere ba he tomorrow at mh jim cramer starts right now. >>> my mission is simple, to make you oney. 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 cramerica other people want to make friends. i'm just trying to make you some money. my job is not just to entertain, but to educate and teach you so call me at 1-800-743-cnbc or tweet me at #madtweets the stock market

starts right now live from the nasdaq marketsite overlooking times square i'm in for melissa lee, pete najarian, karen finerman, not a fireman. >> i've been called worse. that's okay. >> it's been a while since i've been in the seat. >> and guy adami the stock racing toward a trillion dollar market cap and the first u.s. company to reach the landmark and you won't believe how high and some analysts think it could go plus, it's a wynn fall get it maybe not. the casino crushed continuing after hours. wynn down nearly double digit sdmas earnings call under way and we'll bring you the very latest, but we start with tesla. one of the most controversial stocks in the market charging higher after reporting earnings moments ago posting a larger than expected loss we've got full team coverage throughout the hour. gene munster is getting ready to jump on the earnings call that starts in about 30 minutes our phil lebeau is in chicago standing by with instant analysis and remember, it is the call that everyone will be watching phil, kick it off with you as we await word from mr. musk himself. >> scott, thi

. >>> plus, pete najarian just spotted unusual activity in the health care sector >>> before the break, our data partners at kensho, what happens to apple after gaining 10% or more in a month? 61% of the time the stock is higher by an average of 1% after another two weeks. for more go to cnbc.com/kensho weightweig "the halftime report" is back in two minutes. this wi-fi is fast. i know! i know! i know! i know! when did brian move back in? brian's back? he doesn't get my room. he's only going to be here for like a week. like a month, tops. oh boy. wi-fi fast enough for the whole family is simple, easy, awesome. in many cultures, young men would stay with their families until their 40's. >>> i'm joe from "the halftime report." i want to know your trade. go to cnbc.com/halftime so we can answer your question >> go to cnbc.com/halftime or get us on twitter with t the #askhalftime >>> time now for "call of the day" adviser group upgrading target after that stellar earning report shared up more than 30% today pete, you're on target, you have for a long time. what do you do now >> i think you

issues whether those talks from turkey joining us now, joe brown,er is rat sethi, and jon and pete najarianhe dow's bft day since

. >> pete najarian what do you say? >> i like the canadian side of this thing, tim. i think there are a lot of different reason yes the u.s. stocks are in front of that, but i like that name a lot >> dan i can trust tim here because i know they've done a lot of work in betting these companies pip think the most interesting thing to me about it is the u.s. federal approval comes sooner or later and it can come ten times the market >> at least. >> in match game charles nelson riley. and everyone -- he always messed the game up. >> did you say he was heavy? >> i said cannabis, gwth, mel. >> they're not here on the dow we did want to hear in you at home and are you hot on tim's can trust idea we only have a yes or no you can't put in another yes or no from cannabis to bitcoin, rallying 9% in thlae st week one of wall street's crypto traders says 10,000 will be next and he will be here when "fast and he will be here when "fast money" returns ♪ ♪ the difference between possible and impossible? it's a person who believes they can, surrounded and supported by others -sible.

here to debate the tesla trade and joe terranova, and pete najarian let's begin with tesla, the stunning in a moment we'll be joined by robert

is the 15% drop in two months an historic opportunity to buy in >>> and pete najarian is back. at the top of the hour david? >> i want to alert viewers to shares of papa john's, embattled pizza chain. stock is up. reuters reporting hiring of some bankers. we can confirm that. they hired lazar, bank of america. the founder stepped down last month. doesn't mean there's a deal anytime soon some would like to think so. certainly you can imagine in the case of potential buyers whether they be private equity or strategic thinking it might be opportunity given how much the stock suffered in the course of the last year. but what one might imagine is if you're the company, you're still dealing with 28% holder, the man who founded it, and you may want to get your house in order before considering a sale. hopefully having done that, you can sell off a far higher price. want to note papa john's up on those reports. morgan >> thank you. >>> elon musk has a plan to reduce traffic congestion in los angeles during dodgers games his boring company is proposing a tunnel to ferry fans to and from

. >>> hi, pete najarian, we're here for you guys. we want to answer your questions, all you got to do is submit those questions to cnbc.com/halftime. we're here for you >> go to cnbc.com/halftime. or get on twitter. >>> morgan stanley telling investors to cut back on the high flying chip sector. they've downgraded it to cautious saying indicators are flashing red. pete, i'll go to you risk reward, poorest it's been in three years upside, the estimates now difficult to come by >> i can understand the call, it makes a lot of sense because of the runs we've seen. just a tremendous run. give you a great day, might run. intel, obviously, there's a lot more going on at intel than just the business side. and that starts right up to the ceo having to step down. so, there are some reasons that i think stocks are off their highs. i would still think that risk reward wise looks great. i think there's still plenty of growth when you look at what are chips primarily feeding into now with stocks we talk about it's ai, it's cloud, it's data centers

issues whether those talks from turkey joining us now, joe brown,er is rat sethi, and jon and pete najarian josh, the dow's bft day since june 6th generally seems to put turkey and currency and contagion and all of that stuff in the rear view mirror. the question is does it stay there? >> scott, they're calling this turkish delight. no, not really it's fun when everyone gets all beared up. and people saying, all right, we were already in topping pattern and this is the nail in the coffin and then the next day, nobody cares and you realize what was happening was happening at the periphery, not really core portfolio management so, i think you have another example of that today. and maybe people a little more exubera exuberant than they would be because there's going to be a conversation with china. i want to focus on apple because once is broke through a trillion, a lot of people look at those big round numbers as floors and ceilings, but really, hair hallways apple has added $25 billion in market cap. today, just since hitting a trillion, $25 billion is roughly one yum brands so, i think whe

. >>> "fast money" begins right now overlooking times square i'm scott wapner our traders are pete najarian, tim seymour, karen finerman and guy adami. the sec reportedly now looking into the tweets from elon musk yesterday about taking his company private. could twitter be tesla's downfall we'll explain. plus, it's a crypto crush. bitcoin sinking after the sec delayed its decision on another proposed etf is this the final nail in bitcoin's coffin or will it rise from the dead? dan moorhead, a top crypto hedge fund manager with us we start with a group of stocks that just can't stay down. tech making a rockiesque comeback it's the best performing sector of the past week while fang is leading the charge sales force, nvidia and paypal all joining in on the party. guy? >> yes, sir. >> tech's back >> when did it leave there was a bit of a lull. >> facebook. >> netflix >> should we go on >> i don't think netflix is a tech stock, but that's an entirely different conversation and that stock should have gotten obliterated it did not adobe is another name, huge valuation and it didn't sell off that

. >>> "fast money" begins right now overlooking times square i'm scott wapner our traders are pete najarianand guy adami. the sec reportedly now looking into the tweets from elon musk yesterday about taking his company private. could twitter be tesla's downfall we'll explain. plus, it's a crypto crush. bitcoin sinking after the sec delayed its decision on another proposed etf is this the final nail in bitcoin's coffin

starts right now live from the nasdaq marketsite overlooking times square i'm in for melissa lee, pete najarian been called worse. that's okay. >> it's been a while since i've been in the seat. >> and guy adami the stock racing toward a trillion dollar market cap and the first u.s. company to reach the landmark and you won't believe how high and some analysts think it could go plus, it's a wynn fall

plus, pete and jon najarian both seeing unusual options activity.ee which stocks the options market thinks are about to pop and drop before the break, our data partners at kensho on the top sector once money coming pouring out of technology. a week after tech outflows, e lfmeies. thhati report is back in two minutes. ♪ adults are just kids with much, much better toys. introducing the 2018 c-class sedan, coupe and cabriolet. the thrills keep getting better. lease the c300 sedan for $399 a month at your local mercedes-benz dealer. mercedes-benz. the best or nothing. who would have guessed? an energy company helping cars emit less. making cars lighter, it's a good place to start, advanced oils for those hard-working parts. fuels that go further so drivers pump less. improving efficiency is what we do best. energy lives here. this wi-fi is fast. improving efficiency is whai know! best. i know! i know! i know! when did brian move back in? brian's back? he doesn't get my room. he's only going to be here for like a week. like a month, tops. oh boy. wi-fi f

three months traders betting the outperformance continues the najarian brothers are at the telestrator with unusual activity in that stock peteyou are up first >> i will kick it off for you. eight times since april, since exactly right there, we have had buyers -- bullish buying going on in first data they've been going up eight different times including today. today they decided to roll the october 24 calls that had already been purchased within that eight different separate times and rolled those to the 26s. taking some money off the table, but still want to be there and expect this stock to start to move even higher, when you look at it here some nice, good-sized buying i like what we're seeing at first data i'm in it, i will stay in it i'm in october as well i'll be in there for a couple months >> cooperman should have helped you. >> i listen to everything cooperman says i love when i see options come after he talks about it. >> he's got to be up more than 50% positionally >> yeah. one of the highlights of his delivering alpha picks of 2017 >> great space as well >> who's next? >> look at yrc upside call buying in. stock

pete, you're up first. >> sales force i believe in this thing. i do think it will go green by the end of the day and it's a buy at this level. >> dr. j, john najariang jetblue today. >> long consumer discretionary strong income growth great messages out of the consumer and waning inflation. >> xly. >> good stuff. good to see you again. >> thank you. >> thanks for being here. >> delta warren buffett mentions delta. this is one that will do well in the next couple -- >> and -- >> adobe >> dow down 70 don't forget, warren buffett was on the network today "power lunch" has that story right now. >> i'm melissa lee snapping a four-day winning streak >>> plus growing crisis that could put a rid on this recent rally. mark your calendar apple expected to release its new iphone september 12th. there will be a major first for this apple event details ahead. warren buffett speaking first on cnbc with our own becky quick, stocks, economy and all the highlights, straight ahead. >> dangerous jobs. special series ending with a jolt meet the man putting his life on the line every day in repairing the world's highest