. >> steve grasso? >> back five years, the sle is basically flat if you go back to 2016, that stock is probably at the same level as today there has been a lot of chopping of wood. but when bk said an underinvesting the fossil fuels, i took out my decoder ring this administration has made a bet we will be out of alternatives or renewables quicker. the best performer has been coal can you imagine bide biden saying the best performer will be coal? i think this can't continue just because of the politics of it. >> tim brought up the term the other day when he said green-flation. that as we push to renewables, the prices of fossil fuels go up a name like peabody, when is the last time we talked about that years ago. >> mel, as i said, either this week or the week before you asked me about oil and i said i think it can go to 100 before the end of the year. i still believe that the run we have had, going on nearly a year, started right at the beginning of november of 2020 and has been running ever since. thes

delano and steve grasso who is here, ceo of grass o. with some of the movers facebook is one of the main ones here, down 5.5%. reported outages from everything they have the whistleblower saying the company is acting in self-interest. the company is up 20% this year despite questions about practices and social impact. so let's start with you, steve grasso is facebook kind of the reason why the market is under so much pressure today is it just getting swept up in all of this? is it just coincidental i guess it is down this much or what do you make of -- how would you relate its own problems to the problems the broader market is experiencing if there's any relation >> so it doesn't help to your point, right, kelly. on the show you cover the stories du jour obviously better than anyone and you noticed that it has been about china, it has been about chairman powell, it has been about rising rates, it has been about the rotation out of growth into value so this is the latest of the stories that are hitting the market, but if i look back on a

it's not a consensus play yet, it will be eventually here >> steve grasso. >> clear secure, ticker symbol. it's trading like there's no vaccine, like people are never going to airports or supporting events again y.o.u. >> karen >> for a trade only, foot locker >>> that does it for "fast money" for this week do not go anywhere, though "options action" is up next. wealth is breaking ground on your biggest project yet. worth is giving the people who build it a solid foundation. wealth is shutting down the office for mike's retirement party. worth is giving the employee who spent half his life with you, the party of a lifetime. wealth is watching your business grow. worth is watching your employees grow with it. principal. for all it's worth. >>> "options action. strategies from the street's top traders. new opportunities to profit from the market's hottest trends. >>> welcome to friday and "options action. i'm melissa lee live at the nasdaq site at times square. we've got a big show under way here's what's on tap >> ended september by breaking a seven-month win streak when something like tha

. >> he has the best backdrop for the question hands down when it comes to questions steve grasso, whatbuyer here and what we learned out of american express earnings is that i believe that the corporate client is coming back and for corporate clients coming back, corporate travel should be coming back. there's been a lot of headwinds literally and figuratively in the space. i do believe they'll start to dissipate and become tail winds. i think the market is just sort of taking a wait and see approach, selling first, pulling off, going to other sectors. i think ultimately this is going to be a sector worth owning. >> quickly, tim, if you're a believer of the amex numbers we saw last week, you should be a believer that corporate spend is am coming back >> corporate spend is coming back united themselves told us that they're seeing -- they're adding 10% to international capacity. those are the high margin flights steve is referring to. i think the dynamics for airlines continue to look better into the fourth quarter. i think as we also said, these are companies that have learned how to be

steve grasso you once were in this name and made bold predictions where it would go what is the statusuch you look at the chart, you get forced out of this stock quickly in a good way. but the major metric that goes into this stock for valuation is the fleet pricing. so as carter alluded to, if fleet pricing is through the roof and used car prices are through the roof, then this should be through the roof as well it is. it is not absurdly priced given the landscape we are in, but everything we heard from ford and gm, you have to believe that the chip shortage is the worst it's going to be now if that subsides, then this stock comes in because the fleet prices come in i would be selling it. i agree with carter. oddly enough, the rsi, relative strength index, is only at 71 and it's up 115% so i would be a seller along with carter. >> hertz is also ramping up and leaning on the competition where do you stand on avis >> you look at that chart and it does scare you off i look at the volatility of options and they are extremely high as well we used to look at tesla as extremely high volatili

chicken dinner >> amd with a lot of call activity i think the stock is going higher >> peloton >> steve grasso>> i think the market gave us a gift in this my final trade is capri holdings the final market sold off with nike, but capri does not rely on vietnam or supply issues this is a gift buy it >> guy >> mel, i know you are a huge hockey fan i want your input. rangers/caps do you think they will drop early with tom wilson or wait till a more opportune time in the game >> early for >>> my mission is simple to make you money. i'm here to level the playing field for all investors. there's always a a work and i promise to help you find it. "mad money" starts now >> hey, i'm cramer i'm just trying to make you some money. my job is not just to entertain, it's also to teach you call me at 1-800-743-cnbc or tweet me we are so spooked by inflation that's it's got us

marian mon tain and ceo fast money trader steve grasso himself.'s begin with the battle in the skies. wolf research downgrading delta to pure perform saying shares topped out at current levels they're bearish on hawaiian and allegiant. american was downgraded to sell. on monday barclays upgraded southwest and turned positive on the industry who has it right, dom? >> it is hard to say, only because there's unevenness with regard to the travel and lieshure second tour as of late. since the pandemic lows it has been firing on all cylinders we are trying to get back to normal tsa screening levels. what it comes down to is whether or not a lot of the demand for travel has been drawn forward. a lot of the folks have taken the plans, taken that time to kind of really get away and used up that vacation, used up the time and resources ahead of time now, here is the interesting part i have been looking at flights for lights on this year, early next they are really, really cheap, kelly. i mean you should look at, you know, after work today, just check it out