trade, the call spread, i like the contrary nature and the defined risk. gdx call spread. >> i'm melissa lee, thanks for watching, see you back here next friday at 5:30 meantime, "mad money" starts right now. >> announcer: the following program is a paid advertisement for the hd mirrorcam, brought to you by inventel products, llc. yep, they're out there, driving recklessly, causing accidents, and driving up your insurance rates! this is a show about car accidents... ...classic cars... ...and the hd mirrorcam, the personal security camera for your car. this is... "accidents caught on camera" with the hd mirrorcam. today, we're going to hear from people who have been in

which they actually are, relative basis in the gdx to its history. d the last one is you know, when you're trying to make a contrarian call, something going against the grain, it makes sense to define risk and look for ways to do it. this is the thing that got me looking here look at this right here. this technical set up. it's made a series of lower highs throughout the course of this year, not particularly impressi impressive, but if you look, there's three lows that have bounced off. all about the same levels. it has not made lower lows that down trend line, which is interesting. here's the last point i want to make about the gdx is in the low 20s, about 23. it's near. over the last couple of year, options prices are low maybe some kind of -- and i want to define my risk. so lastly, the trade when trk f was trading about $24, the 28 call spread. the call, at a time and cost 60 cents, the risk there, breaks even at 24.60 and you could have gains up to 340. i like the risk reward we have probably two extra money there then at this point, you could pr

first defining a risk makes a lot of sense, right so if you were looking to play for a bounce in the gdxuld obviouslybuy the etf there is a whole host of other things you could do. but buying a call spread, buying a near the money call and selling out of the money one, define your risks to the premium you spent. the other reason, the volatility, price of options is cheap in that name, okay, which they actually are in a relative basis in the gdx to its history. and the last one is, you know, when you try to make a contrarian call, something going against the grain, it makes sense to define your risk and look for cheap ways to do it so i just wanted to kind of -- this is the thing that got me looking here look at this right here. this technical setup carter will tell us here, it's made a series of lower highs throughout the course of this year not particularly impressive. but one thing is really interesting here if you look, there's three lows that it's bounced off of in 2017, all about the same level 21 bucks so it has not made lower lows. to me, there's a little bit of tension here and t

only at td ameritrade >>> "final trade" time pete >> gld dan likes the gdx, i'm going gld. >> walmart be taking it off tomorrow. sell some walmart. >> gdx, i do like it call spreads look cheap. >> who was dorothy's aunt in >> auntie em >> clever. very clever. i'm melissa lee. more fast money meantime "mad money" with jim cramer 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 cramerica other people want to make friends, i'm just trying to save you some money my job is not just to entertain you, but to educate and teach you. call me at -- or tweet me at ji cr

mike >> sell the 155, 160 call spread collect $2 sfwl dan >> all these three points i had about the gdx trarks >> all right looks like our time is expired 'lg.ks for watchin wel see you back next friday "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 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 @jimcramer. >>> every night i come on here for two big reasons. the first is obviously i like the attention. but the second and more important reason is i want to help you build and preserve your wealth we live in a world where it's difficult to become rich if you weren't born that way. and love it or hate it, i believe that the stock market is the best ladder we have in this country for social mobility. there are millions upon mill

the gdx, that ticker is up 8% versus the flat to half a percent gain that we'll see for the s&p 500 and of course, you've got the defense industry stocks that you've been talking b.many sitting here or at record highs right now so all of that risk trade for geopolitics and gold certainly outweighing certain parts of the market and then you're seeing all of this churn happening and net-net we've got an s&p that's flat. >> i do think it's worth mentioning even for summer vacation heavy period it's been light volume >> no doubt about it. >> activity has been light kind of a slow motion levitation and tomorrow, of course, is september, and if you care about the seasonal stuff, september is not usually -- >> a lot of guys have been talking last couple of days are waiting for some kind of action to return back to this market, something that will get things moving around and they are hoping if people come back to work from all that have summer holiday they have had, they will kind of start to do things a little bit more and get more active and involved in the marketplace to spur things to be a

the global spirits i am long. >> grasso. >> car, it has sold off drastically. >> bk. >> gdx, gold >> bud america's beer that does it for us here on fast money. don't go anywhere. options action starts right after this for your heart... your joints... or your digestion... so why wouldn't you take something for the most important part of you... your brain. with an ingredient originally found in jellyfish, prevagen is now the number one selling brain health supplement in drug stores nationwide. prevagen. the name to remember. we cut the price of trades to give investors even more value. and at $4.95, you can trade with a clear advantage. fidelity, where smarter investors will always be. and at $4.95, you can trade with a clear advantage. ♪ i'm living that yacht life, life, life ♪ ♪ top speed fifty knots life on the caribbean seas ♪ ♪ it's a champagne and models potpourri ♪ ♪ on my yacht made of cuban mahogany, ♪ ♪ gany, gany, gany, gany ♪ watch this don't get mad (bell mnemonic) get e*trade and get invested >>> it was a wild week for the markets. the guys are getting ready behind me. here's what's coming up on the show >> i