Find out soon. Good evening, everybody, all that and much more ahead we start with some breaking news on nikola. Shares are down in the after hours, following a big up day. Bloomberg reporting securities and Exchange Commission will exam over the stock selling fraud and allegations, stock down 7 . Youre response . Again, i cant speak, i said it last week, i cant speak to the voracek asity of the shore seller report, acquisition of fraud, i have no idea, but what i stand behind, despite how the gm is structured, whether their investing money, the fact that gm would link their wagon to nikola and if these acquisition prove to be correct, i think the real deleterious thing could happen with shares of gm, in my opinion, potential for exponential move and gm perhaps didnt do the homework others did. Thats my primary concern looking at this entire situation. Tim, to be clear on the story and were trying to get phil up here any moment, you know, Trevor Milton said the other day were going to work with the srksz cc on this tobe clear thats not what this is. This is peers the sec is now poking into nikola, maybe not on the side of the short seller but from that angle. This is not some cozy deal between the two going after hindenburg. No i think ultimately the sec will do what they feel is just based on allegations of fraud and actual fraud what was brought tony vestors it is what it is guys brought up important elements that i dont think we could know based on if we read that report. This needs to be validated or invalidated. The fact the company came out and said we said the company was was that the truck was moving opposed to it was actually individually propelled by our own engine, et cetera theres some really, frankly, you know, that semantic hair trying to be split, i think, is crazy. I mean, that doesnt sound good or certainly not like what you would rest on, we were on our own with individual propulsion that doesnt read well for gm the issue is does it validate some of their fuel Cell Technology and their overall engineering prowess. Does the deal make sense when you consider like others nikola was going with assetlight strategy and tap into engineer and oem capacity that all makes sense the fact gm got this for free, to be paid 700 million for access to their technology i dont think its harmful to gm if this all turned to be a disaster for nikola. Fact is, gm pointed out theyve been in this space a long time and i think theres a lot there. Dan, you know, listen, tim actually hit on the one thing, in the rebuttal that stuck out to me as well, which is, yeah, the truck may not have run on its own but all the parts kind of worked on their own but together didnt really matter because were going to pivot to Something Else anyway. Theres a lot of pivoting going on at nikola and i wonder if investors should pivot away from the stock because they dont know how it will end up. Thats the main point they just dont know. On thursday the stock was trading at 38 and already had a big down day on the day before after that report came out my comment was okay well there was two opportunities to vet this story and i was a bit glib about it and said there probably isnt fraud here i had a very prominent short seller hit me after the fact on text who said be careful this is welldocuments and devastated. I read the rebuttal there was really nothing there from nikola i think its an interesting story. One reason i made that comment on thursday, ive been in this business 25 years, you know, if you want to create some sort of scheme to rip people off lots of money, doing it in the public eye in front of financial tv, investors who are very well innocentized to stiff it out and no shortage of regulatory bodies, its just not the place to do it this seems like a really creepy situation and when you dont understand something you just avoid it. Yeah i think thats wellsaid and i want to reiterate the news in case our audience is just joining us that the sec will now investigate at a top level the allegations of fraud against nikola, it doesnt mean theyll find anything, if they do it may not be that serious. Could have some sort of easy resolution just because the sec goes poking around companies doesnt mean theres a negative outcome thats very important to be said is there any reason to ever invest in a company where the sec is sniffing around maybe it does create some weird opportunity. Well, i guess i could point to tesla, the sec was sort of sniffing around when they made the statements about financing secured when musk wanted to do take private for 420 share. I guess that would have been one scenario but i agree with the guys on the panel, particularly this issue of whether it was selfpropelled we never said it was certainly one could reasonably assume that investors looking at that would think oh, that truck is going on its own. Makes you think, what else do they have out there in the market you know what are they sort of presenting that might not be actually as it appears. This is a black eye for gm im going to guess that maybe this deal falls apart. I think gm, i think as one of the guys said, they didnt actually put up any money it was putting up resources and advancing their ev platform. This say black eye for them. Its bad for them and im going to guess this deal falls apart. Quickly, karen, i want to come back to number one on the propulsion issue, the Financial Times did reporting who talked to a cameraman who said the truck just basically rolled down the hill all of us in our worse moments rolled downhills once in a while after few too many karen, do you think if this is worstcase scenario could gm ceo lose her job that i dont know i imagine that i would think the board probably not delighted by this it kind of i mean, maybe they did do their Due Diligence maybe they did know all the points in the extensive short report which i only read a little bit of. To be fair i didnt read the whole thing. They went through and everything seemed to be okay. Thats a bit of a stretch for me to believe so i think the stock had rallied on that, on the deal, so it would be reasonable to, i mean, you know, going to sell some stock, i think this is a black eye for them and for her and i think shes fantastic. She is, ive had the privilege of meeting her gm stocks are down 1 perfect it is a difficult situation for gm and investors when literally a couple working days after announcing a big deal, one full week, you got the sec poking around on the company that you just kind of got into the board room with. Yeah its concerning. And were all trying to be really careful because obviously non of us know where the truths are and are not. Again, i want to emphasize if theres any truth whatsoever in those 90 pages of that short seller report, i think its really, believe it or not, i think its more of a negative for gm than for nikola i know it sounds ridiculous but people will say how could you possibly get into whatever agreement it is. Whether its a clash deal, whether a collaboration thing, whatever it is, how did you partner with potentially something that isnt what you said it is to me thats a really scary notion and i think its the tail risk that gm is facing right now. Obviously were not wishing for this were just trying to point out what could happen. Thats sort of our jobs here yeah, it certainly is, tim, by the way, bring up nikola. Gm now at 2 but nikola continues to lose steam now down 11 , rose 11 in the normal market and down 11 , wiped out the gains for today. Given all the noise around tesla and options activity in, nikola and now this, evfuel Cell Hydrogen car space now looking, maybe perhaps less macro attractive than it did just two weeks ago. Well, actually, perversely this validates the macro the back door listings for Ev Technology and producers, i think, if anything as more competitors have entered into the fray the irony of course, tesla which ive pointed out, theres a lot of competition out there, tesla has really outperformed in the face of just the stock stories. So, look, i think the gms ultimate Battery Technology and engineering prowess and involvement in autonomous, i think that announcement on tuesday last week this was a trigger to validating a lot of that is it invat validating that . Is gm worse off if this goes bad, absolutely not. I realize if Due Diligence isnt done and theres more glaring fraud, none of us know, were just reaccessing to headlines about a process thats nfolding. Thats all were hear to talk about. We have to be very careful, to me im longgm i dont think it puts gm in a worse spot, if anything, puts them in full spectrum and they did pick the wrong partner here they certainly will find another one. Yeah. And lets bring in now phil i know youve been reaching out to nikola. Dont think youve reached mr. Milton but the stock right now is giving back all of what it gained today as far as noon news, of the sec investigating into nikola, dont know what if anything they might find of course theres a preassumption of innocence but when you read that nikola admitted we faked the video, the truck did roll down the hill, the parts worked but the whole thing didnt work together, how should that be reacted to in the automative community. Two ways to look at it, brian, some people will look and say, well, come on, when you see the automakers reveal a new vehicle at a auto show or they talk about a model coming out somewhere down the road, you know, a lot of times those are not fully functioning vehicles and thats wellknown in the auto industry. The difference is when you look at the video shot in 2017 the impression that was given to the person who is looking at this, is that it is a functioning Hydrogen Fuel cell semi truck. No other way to get around that. The impression thats given is that this truck is powering it self and now they come to tell us, well, no, it was in motion, it would not selfpropel no way around it anyway you look at that, that looks terrible terrible 100 for nikola the question you guys were discussing is what are the implications for General Motors. Keep this in mind, nikola was seeking out an original equipment company, oem in the industry, automaker, to build the badger electric pick up truck and General Motors offered the most attractive package in terms of the technology they brought to the table and yes, General Motors didnt the have to spend money, they are not buying nikola but are getting 11 stake as part of the agreement to work with them, will it buy gm as a bad move if it all falls apart, at worst its embarrassing because she came out and said we did Due Diligence and think this validates our technology if it ends up not validating the technology it all fall as part, but is not the end of the world. The technology and hydro tech is still extremely valuable and can be used not just for General Motors vehicles but other automakers in the future. What about, and again, phil, were just going to talk about what is in the shortsellers report, publicly available information without editorializing or making assumptions. Part of this was the personnel and one of the short seller allegations was some of the highranking employees may or may not be unqualified for their job given the complexity of the technologies what can we talk about Trevor Milton brothers travis who was a home builder in hawaii and another chop executive running a golf course three years ago. All that is publicly available on linked in, by the way do we care about the executives pasts . I think you care about their pasts if it is really out of left field and youre like whoa what is this person doing. The flip side is that, look who put together the nikola spec steve g former gm board member, widely respected on wall street for his year as a an analyst and work in the auto industry. This is not a johnny come lat y lately whose this ive never heard of these guys lets put a deal together. Steve brings a lot to the table and certainly i think people would sit there and say, you know, would he have set up this spec in his company in facto would they have set up this fact if they felt trevor and nikola was the house of cards reasonable assumption, no, they would not have done that so i understand when you hear people say look, i dont i think Trevor Milton is on social media and is not somebody all together in it for truly making this a Great Company i understand people say that but on the other hand theres people who have looked at nikola and that includes people at General Motors and you would think that if this was a house of cards somebody would raise their hands and say stay away from this thing. Well the stocks are down 9 and by the way, just to be fair, thank you both very much nikola saying travis milton, trevors brother is a talented construction guy, perfect for Building Hydrogen gas stations and kevin link ran a golf course before is talented engineer so defending the employees as well. Im sure more will be on cnbc all night right now lets get to earnings alert for lenin, ar. Its a tweet beat for miamibased lennar earnings up 33 annually q3 revenue came in at 5. 9 billion versus estimates of 5. 8 billion but changed year over year new order up 16 year over year. Lennar says theyre accelerating their Housing Starts interesting, revenue from Financial Services business came in huge at 135 million up 80 from year ago. Thats the strong Mortgage Business clearly benefiting from rock bottom Mortgage Rates and refi boom. Guidances 100 million to 105 million and robust Market Conditions and miller expects home sales to stay strong for the foreseeable future and president said home prices remain flat but struggling with limited availability and materials in certain markets q4 guidance came in reported an alltime q3 low in sgna and so lennar have really cutting cost and benefiting on demand remember heavy in the florida and texas markets, very hot. A great beat but notten the irely unexpected not entirely unexpected. The stock not reacting positively again another situation with home depots and lowes couple weeks ago where the numbers are tremendous but the market doesnt care because it probably already bided up the stock is up 45 in a year. Have we seen to quote sticks, the best of times already for the Home Builders . I dont know. I think that we saw stock like peloton which had a huge run up and huge earnings and traded higher in the after market only to be down maybe 18 from there today. Tims been talking about this. Are we sort of you know, is the housing trade going to blowup great numbers but the last quarter was really great too and they talked that they would continue to see margin improvement. They clearly did big revenue beat and big eps beat i like the space i think theres more to come i dont think this bubble is about to burst im long lowes and home depot thats the way ive been playing the housing space. So i agree with karens a sessionme assessment on the space. Im very bullish on the space. Ultimately, think about the tail wind for Home Builders, zero interest rates, migration from cities into regional and suburban areas some are better positioned of course is this National Migration that diana talked about into texas and florida so the valuations and Home Builders are tough i think you want to own terms and Resource Companies and if you look at the break downs of the charts and valuations those are a lot more attractive. They have pricing power. There is inflation. You make a good case. If you want to jump in hot and heavy on Home Builders you have to be a renegade but id never say that coming up, two big tech deals front and center today all of the details when we return plus, what this chart is telling us about what the stock market may say before election day. We are just 50 days out. Inreintestg volatility stuff ahead of november 3rd. Back after this. Stick around look here, its your very own allinone Entertainment Experience xfinity x1. Its the easiest way to watch live tv and all your favorite streaming apps. Plus, x1 also includes peacock premium at no extra cost. This baby is the total package. It streams exclusive originals, the full peacock movie library, complete collections of iconic tv shows, and more. Yup, the best really did get better. Magnificent. Xfinity x1 just got even better, with peacock premium included at no additional cost. No strings attached. All right. Welcome back to fast money. Double dose of technology deals. One, nvidia buying arm holdings from soft bank for 40 billion and oracle tik tok, the latest, as you pointed out on our call, julia, dont call it a buy out. It is not a deal what exactly is it then . Well, its not an acquisition. Its definitely not an acquisition, brian, but what theyre doing is saying theyve chosen oracle as their trusted Technology Partner and part of tik toks restructuring, not the sale of tik toks assets but rather oracle is to become tik toks cloud provider the proposal was received over the weekend and trump will have technical discussions with oracle ahead of the september 20th deadline for when the deal would be done. As cloud provider oracle would take responsibility for privacy and Data Security issues and would be key to address u. S. Government concerns about china this in response to president s demands. Sources tell me things are definitely citile fluid and could be others participating in this deal such as walmart who continues to have an interest in tech it okay investment and tik tok investment and now things are in talks and to be determined what percentage would go to oracle or walmart or any of the u. S. Investors sequoia and atlantic could increase their stakes as part of this as well learning if theyre negotiating just tik tok u. S. Assets or perhaps more back over to you. Basically oracle could end up running the data center u. S. A. I. Asset part of the company, otherwise the company tik tok just kind of continues on as it were, not to minimize it, but oracle is not a consumer company, theyre an Enterprise Corporation dealing with other corporations. Yeah so theyre a cloud they would operate the cloud so all of the data about tik toks u. S. Users would not be sent to china. That would live here on the oracle cloud part of the restructuring when they expressed concerns that China Company owning big social media platforms in the u. S. So it is to accept race u. S. And internationalentities to have it run out of here. They have done it already but would take different steps having the data live on the oracle cloud. Got it julia thank you very much dan oracle over 4 your take yeah its a joke. Kind of the art of the steal when you think about what is going on what the Trump Administration tried to make happen here theyre basically moving tik toks cloud provider from google over to oracle and his big donor gets a big customer. Theyre less than 5 of the public cloud in the u. S. Its google, microsoft and aws that own the market here to me this is a cozy little deal it doesnt set out to accomplish what it set to accomplish it is force transfer from one u. S. Company to another and i bet theyre happy with this result. And brian be id interject quickly in terms of oracle and dan loves to make fun of me. Rightly so, most times, we had an interesting conversation september 11th about oracle i said its going to have trouble at 60 which was high in july 2019 and find the stock below 60 that traded north or four times more normal volume today. If you take oracle youre looking for pull back you seen before or looking to buy on a break out above 62 but are in nomans line at 59. 50. Yeah, well said, nomans land and i joke. Is what its called. This next one is a buy out, nvidi buying arm holdings for 40 million. Josh now with the details. So brian, a gamechanger is how analysts are talking about the deal nvidia to buy soft banks arm for 40 billion. May take 18 month. Down about 18 from its all im high but what a run still up nearly 120 so far this year on cnbc they talk about the importance of a. I. And how this deal helps to tackle that opportunity. People understand the importance of this technology and we are the world leader in it this is a gigantic industry. Now with the combination of ourselves and arm we could directly serve 250 billion tam in a way from the cloud all the way out to the edge like nobody can now, there are risks for wong and team, rbcs mitch steve said regulatory hurdles are the main issue in his opinion given be uschina tensions the deal did close who should be worried. One saying this would allow them to take on intel and critical markets like the pc and data center back to you. All right, josh, thank you very much. Lets bring in our Technology Specialist what do you make of this, unlike tik tok, actual deal. Thanks for having me again. So its a transformative deal at 40 billion when said and done and what the team at nvidia are trying to do is combine to make a power house to take on intel and the next generation and leverage all of your Artificial IntelligenceMachine Learning capabilities and use nvidia to the core capabilities and leverage with arm. Dont under estimate the pervasiveness of Arm Technology when you think about arm cross, smart phones to the data center to networking over 180 billion devices have been over 180 billion devices have been shipped theres 18 months to close in a regulatory perspective because the hurdles could be significant when thinking about nvidia competitors are they going to be thrilled that nvidia will own the road map architect perspective Going Forward when competing against each other daytoday thats the biggest risk Going Forward and will be interesting how it plays out to get Regulatory Approval across the board. As the journal pointed out theres not a lot of growth there. Soft bank paying 32 million and no 32 billion and sold for 40 billion on a company that has little to no growth did someone get taken . The 40 billion is not the actual number is 35 billion the specific bram that soft bank paid in 2016 since then soft bank has doubled down on rnd investments across the board and taken ibd margins industryleading 54 down to 16 as they double engineers and leaned into investment that is something to capitalize on as they try to leverage their a. I. And Machine Learning capabilities and take that through the the arm platform but the going to be at a significant cost just because youre in a period of uncertainty and will have industry up in arms, no pun intended, as it relates to what it means tasmania relate it means to the push back. A lot of hurdles to get over. Assuming nvidia walks away with this i read a report that said this puts them on the road to being the next trilliondollar Market Cap Company is that ridiculous or in the cross hairs. Our when you think of what theyre doing to mary the technology across the board with a. I. And capability it makes a lot of sense, the client conversation i have had, and think of the barriers if theyre effectively to own the eco system, think of it as the win tell of this generation having that licensing arm combined with the core chip operations and what it means go to Market Strategy if you make the assumption it can get through regulatory,s a long hurdle, if you get there could be pretty interesting on the other side. All right good stuff. We appreciate your views as always thank you very much and see you soon here on fast money. All right. Coming up, do you believe the bounce today stocks rallying. But our next guest says there could be more turbulence ahead, how hes setting up for what could be another big sell off. And big news of cesars surging today. Details when fast money returns. Look at those moves. Nice gains back after this. Good job, michael does. Ok, lindsey now tell the class what your mommy does. My mom has super powers. Its like she can see the future. What . its like she time travels in a rocket ship. Thats cool and then she comes back saying try this or try that. She helps everyone. She helps them feel less worried. Wow mommy, so what is it that you do . Im a financial advisor. She is aig proudly supports all the professionals taking care of our financial futures. As business moves forward, were all changing the way things get done. Like how we redefine collaboration. How we come up with new ways to serve our customers. And deliver our products. But no matter how things change, one thing never will. You can rely on the people and the network of at t. To help keep your business connected. All right. Welcome back it to fast money. We have a news alert on the mets, baseball team, billionaire steve cohen reached a deal to buy the new York Mets Baseball Team tim seymour, as the lone mets fan in the world left out there, what do you make of this deal . Theres joean mudfield you have huge talk on the books, may still needs to be an ownership vote to be finalized but i think its very good news for a franchise and guy, listen, operates like a smallmarket franchise in the largest media market in the world. Right now we have a season to finish. How does the deal feel from the point of view from a damn yankees fan . Well, there you go. I like what you did there. Obviously ted nugent big fan of the show one of the great super groups, ill tell you is a grand illusion because mets are going nowhere fast they will spend a lot of money but still be the mets. By the way, dont at me, playing for the mets is not the same as playing in new york. Yes i said that. Wow that is tough but were dropping the sticks i like it. By the way i believe steven cohen will be the wealthy yesterday Major League Baseball owner of all of them the newest is the richest. Kicking off the week, big comeback mode. Get ready, next guest is warning something nasty under the surface may blink bring possible selling, chief strategyist what are you seeing that makes you a little concerned . If you are thinking about the last couple weeks you basically had an august that the set up was very much public positioning. We saw institutional players came in that really brought the market higher along with higher option market volatility the option market is telling you that the public is still very heavily involved in the market and that the fraud likely has to come off and the proof of the pudding is in option skew. Out of the money calls are historically expensive versus out of the money puts, particularly on the highflying stocks we need to see that relationship normal isaiah bit more normal ize if you look at volatility itself, the garden style pull back over last seven years guys fixed 20 would have been 7 we are off 7 but it is different ranging between 25 and 30 so its only logical for tuesday view given the positioning that theres more pull back to come and of course for us the last thing is the election the uncertainty of the election is only likely to build between now and then markets tend not to like uncertainty and for us thats just another signal that rallies for the meantime are probably selling events if we see a stimulus, hoping fading fast every day but if we were to does that change your view of this market . It does karen because if you think of the last several weeks investors have more or less transitioned from the prelabor day idea of a trillion dollar stimulus before the election to the notion there isnt likely going to be a stimulus until after the election and if that were to materialize would be a positive in this environment particularly when those funds would go towards trying to aide in the economic reopening, one of the largest questions over the next several months. Hey, julian, its dan, obviously mega cap tech led to the upside driving a lot of gains in the s p and nasdaq and down over the last couple weeks, really interesting on the close, amazon, facebook, google cloe under lowes, apple in front of their meeting tomorrow closes on highs. Are we expecting more sellers on rallies on big tech stock zprz yeah this is big tech, if you look at it workfromhome names or covid names, big tech is obviously topped out couple weeks ago over 24 on the way to s p 500. Theyre just over owned. When you look in the context of the great run they had on fantastic earnings a lot of these names have subdued earnings expectations for next year that really dont justify this elevated multiple right now. Emulation if the economy especially if the economy is likely to accelerate and people will be looking for beaten down names in financials and selected health care. Jewel an emmanuel calling for more going to get more on the options side julian, thank you very much. Were 50 days out until the election, hard to believe. When you read the polls and numbers you can understand why volatility is going to be a concern . Yeah and despite the fact vol has come down significantly. We talked about it last week, 36 handle, obviously close 10 handles lower than that. Its still heightened and i think the market is under estimating the volatility will accompany the election and u. S. China rhetoric will continue to get ramped up so youre talking about a 6 vix and still talking about s p 500 around prior alltime high 3390 in february im in julians camp. All right thank you very much we got to jump back on the phone with breaking news with nikola, phil joining us now. What can you tell us didnt get hold of milton but do have statement from nikola. Its short and doesnt give a lot of insight but says on september 11 nikolas Legal Council proactively contacted and briefed the u. S. Securities and Exchange Commission regarding nikola concerns pertaining to the hindenburg report and nikola welcomes the fccs involvement in this matter this is not a surprise, what you expected them to say, we know they were going to be talking with the sec this might be a little bit different than the headline you alluded to earlier, regarding the bloomberg report that sec i looking into these allegations involving nikola one would you have you thinking are they looking in whether nikola is in the wrong here. The other would have you looking into did hindenberg make the allegations, bottom line, the sec is looking into these acquisition and at some point well see whether or not they believe theres something to these acquisitions and one other thing, brian, the shares giving back right now after hours, they were up during the day in part because rbc had a conference, gm bara present in that conversation and in her presentation knew she would be asked about nikola and said we did our Due Diligence and believes it validates the technology its hydro tech and knowledge in that area is important for General Motors so any thought that people have that gm is pulling out of this agreement, theres no suggestion of that at this point. Yeah i saw that as well and was a little bit confused. By the way thank you very much we do this insider buying section of exchange every friday and getting notes that milton bought 41,000 shares of nikola this morning and ceo of milton putting up cash to buy his own stock. More on the nikola story im sure to come coming up, major deal of espn giving shares of draftkings and cesars a major boost should you bet on some of these names. Thats up next 50 days until the election and theres Something Big happening in the Options Market. Dom chu along with that asel wl. Fast money returns right after this when you see or hear of others confronted with hate, there are many positive actions you can take. Volunteer, call friends, or host a Community Meeting to denounce the hate and talk about the shared values you do have. I got it all from you im always pushing through i know well make it to the finish line i know youre waiting on the other side im like you ondemand glucose monitoring. Because theyre always on. Another lifechanging technology from abbott. So you dont wait for life. You live it. All right. Welcome back well, it was another big day in the world of Sports Betting and another big day for Sports Betting investors, look at those gains, draftkings and cesars inking deals with espn both rallying, draftkings up 17 . Cesars up 10. 5 . Now with details on those big moves, contessa . Brian, launching today the deal puts digita links to draftkings sports book in return 2kr5e69 will draftkings will be the exclusive daily Fantasy Sports provider with ceo saying analyst points to the more than 95 million unique monthly visitors espn is believed to have attracted in 2019 awfully attracted for cesars ceo who is famous for looking for ways to cut marketing cost dived into that last hour on exclusive interview on closing bell. This espn deal is an attractive way to access a gigantic customer database and bring them into our system rather than youre seeing the ads where its effectively buying new business. It had is a much more economical way to acquire customers and build market share in that space. These content and media deals drive engagement and fuel Customer Acquisition and part of the reason pen has seen its shares just sky rocket this year on the back of the bar stool sports deal, just launching the app this week. Now seize arz and draftkings now get serious muscle for competition in Sports Betting dollars and customers, leading to bigger spend on igaming as well heres my thing, you think this coexclusive deal was really what cesars and draftkings wanted i mean, its a little like walking down the aisle with two grooms, look who is happy, the bride, espn, gets paid twice as much. I dont know why it has to be two grooms, right, threes company. Janet and chrissy i believe were their names. Got it. Heres the thing when it comes to marketing, do consumers view these sites and platforms as anything other than interchangeable from each other. For they dont care where they bet as long as the money line is the same, the spreads, the optionality is the same. Or do people really stick with one, im going with draftkings and never going to delete the app thats the way it is why am i talking like this well i think pen is abouteting on bar stool for that and that loyalty theyre coming to the table with well see. Theyre just launching that aminu. A lot of that app well see. That is true. Contessa brewer on a deal there. Guy adami that 50 on the rams winning, your welcome, that took away the returns for sure do you have a preference on Sports Betting world. Draftkings, everybody on the show talk about draftkings, here it closes 38 and weve talked about it for a while and i will say again for 50th time they could cancel all professional sports today and you still buy draftkings this is a secular shift, for the next decade not the next ten minutes so still working higher draftkings. To me its amazing what pen did on this. Dont know if it means they could also be looking at similar deals but the spread they keep talking about narrowing them and draftkings going crazy but if i had to pick one id pick pen. Well i think its a case where first of all men stream media adoption of regulated sports gambling, this is a massive day. Were tabbing about the mouse were talking about the mouse house. This is a very, very important dynamic for all igamers and online Sports Betting but i think its very important for disney and ultimately at some point, dont know what the economic relationship is for introducing that Customer Base and 95 million clicks but this is massive for Media Companies and i think other Media Companies will be scrambling to get involved this is how sports will be consumed, not only great for viewers but also very good for municipalities and state revenue shortfalls you know gambling is a big part of whats going on again, main stream adoption of regulated gambling, thats what happened today on draftkings the valuation makes no sense on ev to sales is 13 times 20, 21 you and guy can fight about it off line. Were going to move on we are 50 days away from the 2020 election so lets take a look how the Options Market is positioned itself post election market mike joins us now. Right now the Options Market is pricing in fairly considerable volatility around the election and best way to see this is looking at the vix futures, think of that as rolling 30days windows of volatility, october vix futures, pricing right now what the vix might be at october expiration which captures election is the highest vix future on the board. Thats one way to look at it another thing, take a look at the term structure in s p. You can see a pronounced spike and see in both cases, in vix futures and s p 500 options that the volume at priced in this year is considerably higher than four years ago. All right, mike, thank you very much. For more options actions tune into the full Program Friday at 5 30 eastern final trade is next. And look, it feels like im just wasting time. Thats why Td Ameritrade designed a firstofitskind, personalized education center. Oh. Their awardwinning content is tailored to fit your investing goals and interests. And it learns with you, so as you become smarter, so do its recommendations. So its like my streaming service. Well except now youre binge learning. See how you can become a smarter investor with a personalized education from Td Ameritrade. Visit tdameritrade. Com learn final trade is sponsored by interactive brokers. Minimize your cost maximize your return it is time now for your final trades on a monday let us go around the horn. Tim seymour . So, copper at 2. 5 year highs. Gold near alltime highs free port mac at two year highs and materials going higher around housing sector. Stay long. Shreveport. My thought earlier was tik tok in the right hands would be competitive snap twitter i dont see it that way with oracles cloud so to me i think you reload on twitter. Karen i thought city bank was over done, stock down almost 6 guy, quickly. Guy . Mcd. All right see you tomorrow my mission is simple, to make you money im here to level the Playing Field for all investors. Theresalways a bull market somewhere. Welcome to cramerica other people want to make friends. My job is to make you money. Call me at 1800743cnbc or tweet me jimcramer. Bear with me what if this whole market after this incredible ru