then tony zhang takes an opposite, but still complementary tact on a staple name that might be aboutizz finally, earnings season never really

. >>> welcome back check out gap store ripping higher after-hours, let's get to tony zhang with the setelissa, gap options traded 50,000 contracts about 4.5 times the daily average volume and options implying 13.7%. one trader taking advantage and rolling 2,000 contracts with march 15 puts to the june $14 puts for a net credit of 30 cents. this is an extension of what is a neutral to bullish view on gap and obligating them to purchase $2.75 million of gap shares if the stock is below $14 by that june expiration. >> tony zhang thanks for that, more "options action" on friday at 5:30 eastern. coming up next your final trade. it's a thirteen-hour flight, that's not a weekend trip. fifteen minutes until we board. oh yeah, we gotta take off. you downloaded the td ameritrade mobile app so you can quickly check the markets? yeah, actually i'm taking one last look at my dashboard before we board. excellent. and you have thinkorswim mobile- -so i can finish analyzing the risk on this position. you two are all set. have a great flight. thanks. we'll see ya. ah, they're getting so smart. choose th

one options trader making a bullish bet on the name ahead of tomorrow's earnings, let's get to tony zhangah, melissa, there was sizable bullish flow in rivian, very active today 1.3 times the average daily volume but options market implying explosive 17.4% implied move on this earnings event. one trader seems to agree trading over 3,000 contracts of the march 55/65-call vertical for average price of $1.21 per share, that translates to break even 28% higher in just nine days for this particular trade so this trader is laying out $370,000 in premium to bet on what is a very bullish outcome for earnings. >> did you say 28% higher in 9 days, tony >> that's correct. >> wow guy, which side of that bet would you be on? >> well, i mean, i think we correctly steered people away from this name for a long time but now at least it's some semblance of normalcy in terms of price to sales, i know that sounds crazy because it's so expensive. i think you could actually see that commensurate move and i think could potentially move to 54, $55. >> i'm still long on the name. it's a long-term story for me. i

then tony zhang takes an opposite, but still complementary tact on a staple name that might be about to lose its defensive fizz finally, earnings season never really ends, there's still stragglers to set up, mike khouw mikes on micron time to risk less to make more "options action" starts right now. >> let's get right to it, despite the s&p's second weekly win in a row there's a ton of uncertain for the average investor so carter worth is completing his offensive/defensive theme of the month with possibly the healthiest of health care names, carter, what are you looking at tonight? >> that's right this say follow on from lilly pharmaceutical and follow on from united. we'll look at johnson & johnson. the first chart is all data. what we know is the leader on the top, orange versus blue, johnson & johnson versus s&p all dated back to 1977 and johnson & johnson has tripled the s&p, dow jones constituent currently the 11th largest in the s&p now look at the past 10 years. second chart what we see of course is the s&p has doubled j&j. you have a long-term winner that has crushed the s&p

. >> tony zhang?buying a put hedge on sp 1. >> mike khouw. >> if you have opportunity to unwind rsx do that, unh diagonak "mad money" starts 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 people want to make friends, i'm just trying to make you money. call me at 1-800-743-cnbc or tweet me at jim cramer just when we get an amazing labor report, one that shows excellent job growth, a lot of wage inflation, a dream come true for the stock market,

then tony zhang takes an opposite but still complementary tact on a staple bid finally earning seasoner really ends. there are still stragglers to setup around mike khouw takes on micron options action starts right now. >>> let's get right to it. despite the s&p's second weekly win in a row there's still a ton of uncertainty out there for the average investor carter, what are you looking at tonight? >> that's right. this would be a follow on for lilly. let's look at johnson & johnson the leader there on the top you're looking at orange versus blue, johnson & johnson alli dat back since 1977. flip it around look at the past ten years. second chart what we see, of course, is that the s&p has doubled. and over the past ten years it's trailing by 50%. that's a nice setup if the chart looks good, and it does. the here and now chart first this is the past decade. this is a mathematically perfect and finally the here and now chart. what do we see a stock toying with prospects of breaking out above a former high that high was back in august at 180. the stock right now at 177 and i think it's

. >> tony zhang? >> sunshine for solar ahead.houw >> for energy i like longer term here >> that does it for us on options action back next friday at 5:30 eastern time but do not go anywhere the cnbc special starts right now. - [narrator] the following for the premium mattress topper by dormeo, sleep companies in the world. sleep companies in the world. what's captured these people's attention. - whoa! - oh my god! - wow! - that's it. - wow, i'm impressed. - whoa, never would have thought. never expected that. - it feels like it's a brand new mattress. - yeah. - [narrator] it's not a new mattress that's creating this reaction, they're lying on the same old mattress they've had for years. it's time for you to discover the premium mattress topper by dormeo. we believe it's the world's most comfortable mattress topper.

>> health care generally >> tony zhang?ying, and call debit spreads. >> mike khouw? >> i also like debit spreads call debit spreads in the case of lily and put debit spread in xlf. >> that does it here for us on "option action." we'll be back here next friday at 5:30 p.m. anywhere. "mad money" with jim cramer starts right now >>> my question 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 cray mar caw. my job to entertain and teach you. call me or tweet me @jim cramer. nice, mean, i don't care eternal or not, hope sprung this week, and if you own stocks,

>> united health care and stock in the s&p >> tony zhang? market buying a put hedge on spy. >> unh diagonal done to the up side there >> that does it for us on options action mad money with jim cramer starts right now. >> announcer: this is a paid advertisement for csn. >> you know, many times, i've been out here with a new coin release, and i have asked for a drum roll. and in all honesty, in the past, it's really just been nothing but hyperbole. but this time, i really would like a drum roll. i don't think i'm gonna get one, but i really think i should have one. this is, i think, the singular most important numismatic event certainly of the last quarter century, perhaps in my entire professional career, in terms of interest, in terms of collectibility, in terms of

. >> tony zhang? market buying a put hedge on spy. >> mike khouw? >> unh diagonal done to the up side there >> that does it for us on "options action. see you back here next friday at 5:30 eastern time. "mad money" with jim cramer starts right now - [announcer] the following is a paid commercial program, paid for by ancient nutrition. these statements have not been evaluated by the food and drug administration. this product is not intended to diagnose, treat, cure, or prevent any disease. this content is for informational and educational purposes only. it is not intended to provide medical advice or take the place of medical advice or treatment from a personal physician. - as we age, certain things start to happen to our skin, our hair, and our joints, and even our digestive system. most people are getting zero amount of this incredible and unique substance we're going to discuss today. the body makes less and less of this as we age.

i think someone is doing some insider trading using options, in my opinion. >> tony, thank you, tony zhangmore "options action" friday at 5:30 eastern time. by the way there's still time to vote on catherine avery's fast pitch, are you buying ibm vote on our twitter results. got the results and final trade got the results and final trade next ♪ ♪ ♪ ♪ ♪ i see trees of green ♪ ♪ red roses too ♪ ♪ i see them bloom ♪ ♪ for me and you ♪ ♪ and i think to myself ♪ ♪ what a wonderful world ♪ a rich life is about more than just money. that's why at vanguard, you're more than just an investor, you're an owner so you can build a future for those you love. vanguard. become an owner. new projects means new project managers. you need to hire. i need indeed. indeed you do. when you sponsor a job, you immediately get your shortlist of quality candidates, whose resumes on indeed match your job criteria. visit indeed.com/hire and get started today. ♪ (jazz music) ♪ (thank you, have a nice day.) ♪ (trumpet solo) ♪ (bell dings) (pages slipping) ♪ ♪ ♪ (trumpet solo) ♪ ♪ ♪ (typing) (bell dings) ♪ ♪ (cheering ♪

meantime, one trader in the options market thinks there is plenty moreroom for the energy tried to run tony zhang right. plenty of room diamondback energy which normally trades fairly actively over 8,000 contracts traded but today more than double that traded and more than half of the volume was in the single trade, where a trader sold about 4,000 contracts of the april 130 calls. this is a roll where they sold the 130 calls to buy over 3,000 contracts of the may 150 calls for 6.5 bucks and bought another 4500 contracts of the may 155 calls for about 5.5 bucks. just to understand this is a trader that likely is taking some profits on the april 130 calls they owned, and extending this trade further out in time to may and renewing a bullish trade here in diamondback energy, expecting this can be as high as above $160 by that may expiration. >> even if oil goes below 100 and finished the year under 100 there is still a lot of room for oil companies to make money. >> i'm not in that camp. we talked how companies like hess paid a fair amount of money to take off their upside hedges. and i -- opec plus