and dan nathan has an options trade that can turn time into money. he'll explain. >>> a tale of drugs and money scott nations will explain. the action begins now. these here are the traders, we're in times square. we'll get to trades in a second. let's talk macro markets first. an epic battle between u.s. earnings and a free fall in europe. today, europe won as stocks closed near the lows. is there more pain in store? in the money right now and fin out and dan, who are you backing in this battle? u.s. earnings, europe? >> well, i don't think you have to back either. to me, what have you seen the last couple of months, u.s. company's earnings be affected by a weakening europe economy. it's expecting the confirming what we already know. >> is it more optics. dow worst performing. dow comprised of the biggest multinational companies that get most media attention but do most business globally. small caps done reasonably well. >> the part that's been doing well in the s & p, all of the safety trades, like consumer staples, soap, toilet paper, that sort of thing, and to dan's point, what we're seeing in ea