massive rebounds and these formulations typically mean higher prices >> so, mike, what did you make of toney's trade? >> i typically like when you can collect as much distance between the strikes as he's doing here in fact, he was talking about that on the xle trade. this one sets up a little better, because the put trade he's selling actually expires a little sooner. when we do put trades, we actually like to mirror data if we can get them. i can't speak to the domination conversation because to me i always thought peloton could potentially face additional competition, and i'm not sure their valuation is one i would necessarily want to get behind that said, this is obviously a brand who people that have bought their products are excited about it that produces higher stocks than you might see in other areas if you are a believer in the name, this is a trade structure that i like. >>> still it come, skew. professor ko explains why such a small word can affect your portfolio right now. >>> and our newsletter which you can sign up for. we're back in two. ♪ ♪ ♪ ♪ ♪ >>> welcome back to snoo"fast mo

lo toney. >> this just in. a statement from draftkings on the new short frort hindenburg research accusing the company of systematically skirting the law. it reads, "this report is written by someone short on draftking stock with an incentive to drive down the share price. our business combination with sb tech was completed in 2020 we conducted a thorough review of their business practices and were comfortable with the findings." it reads, we do not comment on speculation or allegations made by former sb tech employees. take a look at draftkings. stock getting hammered this morning on the heels of that note and short position on that statement. looks like it ticked up a little still down about 4.1/3%, jon. >> i'm impressed shorts are showing their faces in this market i mean, will wall street bets comfort them i wonder you have to wonder these days. don't you? >> it's interesting. the statement. called out the shorts. what else are they going to do in this market environment, you're absolutely right. >> yeah. p

its outlook forecasting fastest growth for the industry since 1984, options traders love the action, toneybout this name few weeks ago on options action where stock failed to break above $20 on earnings but few weeks later trying to break above that $20 level and today the options were five times the average daily volume, almost 200,000 contracts traded today we saw a very sizable trade. 9,732 contracts of the july 22 calls were bought for about 55 cents, that's about 2.9 million shares almost 10% of total trade volume now it's 15% higher in just the next 37 days so a sizable bet this trade is already up by about 35%. >> 1984, tim, you were at the snack shack and hess king, all that you're in macy's right >> look, i was working the food cork at the gallery mall, working at quick snacks. guy was at chess king, i was at merry go round it wasn't pretty macy's, since that time, went through a period it became ubiquitous and the marginal dollar going to digital north of 50%, they're forced to restructure and their balance sheet is better, what do you pay for it, i don't have a position now, i t