tim seymour. you've been making moves here. what are you doing with melco?i've been adding to krcasino and the critical for lvs and wynn, and i have been long for a long time and i've been waiting for a couple of things first was on the 25th, the renewal of macau gaming licenses was an important moment. and the second is the whole str covid dynamic. i know they've held the stocks back but that is been an opportunity to bhuy now with that we've seen major upgrades in the space. what you're supposed to be doing is starting to sell upside calls in the out to the first quarter. i think you'll see a pullback. you've had over 100% move in melco. vegas sands, i think you have more room to run where the ebidta went from high teens to basically single-digits, mid single-digits. and think even at 11 or 12 times lvs astill attractive. >> last word, courtney. >> it is a china reopening trade which i think has so many false starts but i think you're starting to see that is really becoming viable but it is not yet priced into a lot of companies. >> coming up, is it time t

on the desk tonight, carter worth, mike khouw, and tim seymour. today was expirations day for more than $2.5 million worth of trades and the activity on tuesday, wednesday, and thursday were off the charts on macy's tomorrow is super saturday in what could be a break for retailers who are swimming in inventory? super saturday is tomorrow after a promising fall mike, what you are seeing there? >> as you would expect on a week line this one, we did see bearish activity but there were a couple spots with launch bullish bets in the retail space. macy's is one of those names saw a buyer of the january 23-25 call spreads we get a lot of retails sales data ahead of that i think what's going on is there is some optimism, some people hoping for a retail bounce this is a way somebody's able the risk less and going out and buying a million share of stock, which is how much this trade represents to make a bullish bet. >> carter, what do to charts say to you >> if there ever were a gambling children i would say that it that way, macy's is it the price is the s

on the desk tonight, carter worth, mike khouw, and tim seymour.n with a monster week in the options market today was expirations day for more than $2.5 million worth of trades and the activity on tuesday, wednesday, and thursday were off the charts. take a look at some of the notable stock names -- tesla, nvidia, macy's and more. investment-grade corporate bonds. let's drill down first on macy's tomorrow is supe saturday in what could be a break for retailers who are swimming in inventory. super saturday is tomorrow after a promising fall it's been a long december, so, mike, what you are seeing there? >> as you would expect on a week line this one, we did see a lot of bearish activity but there were a couple spots with launch bullish bets in the retail space macy's is one of those names we saw a buyer of the january 23-25 call spreads the company is going to be reporting after that expiration. we get a lot of retails sales data ahead of that i think what's going on here is there is some optimism, some people hoping for a retail bounce this is a wa

so does today's market action suggest that markets really have put their bottom in, tim seymour?here at the nasdaq. if you think about how the s&p traded today and the last couple day after the powell rally we have had, i bring up those numbers all the time, off that october 13th cpi low, we're up almost 17% on the s&p. the keys to me today were a good note talking about how some of the payroll numbers may be overstating the employment numbers. if you look at the gdp numbers you can see the tax receipts and wages are being revised downward second quarter in a row. without getting too deep into the weeds, the labor market is going to get weaker. we've seen this. big tech is cutting job after job. while that may not be the entire company, we have a dynamic -- the markets, we have a quiet period going into the fed. next week, light on data we know what the seasons hare an technicals are >> courtney, from a fundamental standpoint you can understand what the market reaction was after a hotter than expected jobs number. the economy is running hot wages are growing faster than people th

on the desk tonight, carter worth, mike khouw, and tim seymour. we begin with a monster week in the options market today was an expiration day for more than $2.5 trillion worth of trades and tuesday, wednesday and thursday activity was off the charts according to our traders. tesla, nvidia, warner brothers discovery coinbase and more. let's drill down first on macy's tomorrow is super saturday on what could be a make-or-break for retailers. super saturday is tomorrow after a promising fall it's been a long december, though, mike so what are you seeing there >> as you would expect on a week like this one we did see a lot of bearish activity in several places but there are a couple spots where people were making really large bullish bets in the retail space macy was one of these names. we saw another now the company is going to be reporting after that expiration but of course we've got a lot of retail sales data ahead of that. some people hoping for a little bit of a retail bounce here. this is a way someone is able to risk considerably less >> cart

our own tim seymour joins us on the "fast" line. tim, i feel like we've been through this before.t's getting close it's getting close is this even closer at this point? >> it is closer, and again, this is not only bipartisan, but it's essentially bicameral. you've had both the house and the senate, and the house has already voted for this but the senate really is close and as we all know, with all legislation, lame duck is pretty chaotic. and i think today going into today off the weekend, especially when republican senators met with the doj who months ago had some questions about whether you could actually implement some of the necessarily expungement and criminal justice reform, that's a go axios over the weekend put out an article that got the market very worked up the market has been worked up as the expectation is we're close to something we have heard this before. i've been very skeptical on cannabis legislation passing i think schumer and booker are much more reasonable in the ask, but a lot to jam in a short amount of time. >> yeah. in terms of the trade, tim, have the sto

on the desk tonight to my right we have tim seymour, steve grasso, main line in philadelphia, go birds it's going to be a long show if you are a giants fan look at tim shaking his head the market rebound, final week of the trading was enough for the dow to reverse the third losing week in a row the nasdaq and s&p 500 still falling a little bit short up today however is trading right around its pandemic lows that's right, it's lows. a new report said finding some historic selling, value equity funds, largest weekly outflow ever hitting more than $17 billion. tax law selling likely behind the record outflows, but can this all be a setup for january buying frenzy? great question, tim. >> buying frenzy >> frenzy. frenzy is something i'm not sure i'm ready for. i think there can be allocation. if you look at the outperformances of the industrials. if you look at different parts of the market structure that are changing with some of the reversal of flows, i think there are opportunities there. i think as we get into '23 the upgrades that are going to come from ultimately a lot of stocks actu

bear in mind, this is a trade if you own the stop, think about doing a covered call, something tim seymourg about, this is a trade you could put on top of your long withposition. if you also think that netflix is going to stop here for a l little bit, you could sell this or put upside and come one an iron condor. >> scott nations, quick word to, what do you think of the trade >> i love the trade. it's a great company but i'm not certain the stock is a real buy here. what mike's doing makes sense. >> thanks for the look on netflix and boeing coming up next on the show we're taking your tweets so head over to twitter, @options action. ask your burning questions we're back in two after this if you run a small business, you need the most from every investment. that's why comcast business gives you more. more innovation... with our new gig-speed wi-fi, plus unlimited data. more speed... from the largest, fastest, reliable network... and more savings- up to 60% a year with comcast business mobile. all from the company that powers more businesses than any other provider. get started with fast spe

that's what our tim seymour says, what name does he see flying higher here >>> plus pressure mountsinggebob squarepants today. you're watching "fast money," live from the sdnaaq marketsite in times square. we're back after this. did you know your health has more to do with your zip code than your genetic code? that doesn't seem fair. we agree. but where you live determines access to doctors, green spaces and fresh food. that's why we grow our own. smart. we don't think it's right that some people are healthier than others just because of where they live. that's why we're delivering food to areas with less access to it, and helping schools teach kids about gardens. wish they'd taught gardening at my school. you would have aced it. introducing elevance health. where health can go. >>> don't look now, but baba is breaking out, rallying more than 40% since late october seymour says it's, quote, unquote defy ing. what is so wicked about this >> it's defying gravity there's been a story we've been talking about on the way down. i joke the other night we pretty much called the bottom on china

full house here on set tim seymour, tim f economists hoping the inflation is easing stocks closing near their highs of the day with the dow leading the charge, up 530 points. all three major indices putting in their best day of the month crude oil taking a big leg higher after hitting 52-week lows on friday interest rates higher too. how do you make sense of a market today >> it was a wild day for not a wild day we had a very big move in the s&p. the vix was up almost 10%. the vix is the one part of the equation as we may rally as we enter the next couple of weeks and last couple of weeks of the year that has me concerned because i think volatility is too low. it's pretty much signalled tops and bottoms. top of the vix has been bottom of the market, et cetera so look, you have a case where i think everyone's expectations at least i think as we talk about this and the trend for the last six months about inflation peaking at least in terms of goods and commodities for sure, the question is how bad is the labor market but ultimately i think we have an environment for a softer ppi as a mini

. >>> all right, time to welcome in tonight's traders, dan nathan, karen finerman, tim seymour and guy adami. thank you for being here the robust rebound for the markets and possibly just a hint of sad that is -- this graphic is cracking me up. tough 2022 nike fished up more than 12% on the back of better than expected earnings and host retail names getting a big today from foot locker tolu lew lemon to ulta and closed up 526 points and s&p surging 1.5% and the major averages are going to wrap up their first year since 2008 the vix down over 9% and dropping sharply from its early december peak. so with consumer confidence rising and the fear gauge falling can investors ride it through the end of the year. dan, you're beside >> maybe think about friday afternoon is going to be pretty quiet we have monday off on the 26th then we'll have a quiet late next week so if, you know, if you want to run them, have at it, people run them into the end of the year we've had a nice rally off mid-october lows and say this, quickly, though, you know, as investors start thinking about what are the expec