To see everybody the dow did get to 29942, that is an alltime intra day high. Fell back a bit off that, a better than 400point game for the dow, s p better than 1 , nasdaq a little shy of that and then the small caps all the way to the righthand side of your screen banks, travel and leisure stocks leading the way. Some of the stayathome stocks. Theres the possibility in the middle of december the Federal Reserve steps in and provides further stimulus to replace whats missing from fiscal policy makers i want investors to give consideration to who potentially would be the treasury secretary. And, lastly, what will incoming president elect bidens policy be towards the chinese i think the reintroduction of a favorable relationship is a positive one so there are many catalysts coming as it rates to the reopening of stocks, you could look at financials and energies, but the one sector that stands out to me as the opportunity is industrials it screams high in terms of return on equity, its got low beta and will have the regulatory tail wind im not so sure energies and financials will have. Thats the one sector i would focus on you bought honeywell so youre putting your money where your mouth is. I bought monhoneywell and i o bought cintas. I own caterpillar and deere. Im doing this in the industrials space. I love the Earnings Report from honeywell. Thats bumping up with strong technical momentum and cintas really performing well and shall do well in 2021 as the u. S. Economy begins to open further you heard joe there great news today another monday with tremendous vaccine news the reality, of course, its going to take a long time for everybody to get vaccinated and meantime we have to deal with a winter that is going to be bleak in terms of the virus numbers. It doesnt seem like the market cares because it really is fixated and focused on what happens with the vaccine is that the correct way that we all should be looking at this. I think youre spot on. This is as of last week, not even with todays rally is its not just the faang stocks at the alltime high, it the s p, its the dow, its the russell 2000, industrials, materials, Consumer Staples and health care. Not only with as asset class are at an alltime high. And travel stocks dont make up that much of the major indices but make up the broad economy. I think we have a little bit of a leap frog here because the moderna news, the pfizer news, were going to continue to get more news on vaccines. I do think the reality, though, is that the hospitals are filling up were in a pandemic. I think that that overhang needs to be cleared and we actually need to have not only manufacturing of these vaccines once i get approval but more therapeutic to help people that are already sick that being said, to joes point about people not thinking theres more cat lists, i think the biggest catalyst well see next year that were still seeing are earnings. I think ultimately earnings is what drives stocks higher and earnings are good this quarter and will continue to be good in 2021 so. Its its an interesting way that bryn puts that. You can say vaccine is still a ways off until we all can get it, the winters going to be tough. It going to be cold, dark. The numbers are going to be up we already know whats happening there. However, the other side of that, of course, is youve got the fed is fully engaged, youve got Interest Rates which are low you have what looks to be a divided government, depending the outcome of the runoff down in georgia and, as bryn just said, you do have the earnings picture Getting Better so is that enough good news to trump what i said about where the virus is today my answer is yes, absolutely. As a matter of fact all you got to do is look at my portfolio to fully understand where i am. Tony dwyer has been all over this banks and tanks whats really working . Banks and tanks. Weve watched this jump to the up side, we been stuck for so long, and you look at all of financials together and you say can it ever get away from 25 its broke away and is moving to the up side and is on the back of just about every one of those names. There have been regionals, American Express has finally got up and started to participate after legging visa and master card after jpmorgan across the board. Youre not just looking at tanks but youre also looking at the material space, the energy space. Even though oil basically has stopped, it seems like these energy nails continue to have a great push to the up side. Weve been seeing unbelievable activity there, scott. I can tell you this, the last two weeks or so, so the start of november, we have seen over 30 different bullish option activities of unusual type that have been hitting in the energy space. That says a lot. Weve also had an incredible amount of hits in terms of the rock space when i say that, i mean cliffs and u. S. Steel and ill throw a freeport mack in there as well it doesnt often times get looked at. Semiconductors are definitely participating to the up side its not because Just Technology but when you look across the field and see whats really moving, those are names going into industrials they are going into so i think that this is it a much broader rally, which is a good thing and it on top of unbelievable volumes in the derivative markets megan, i awant you to answer the question i asked everybody at the top then, is it time to go full bore, to go all in to the reopen economic recovery trade today . I would say it is a time to be thinking about adding to risk in portfolios but i would not be going full bore on the value trade. Scott, you laid out all of the constructive fundamental back drop for equities and i would agree with those divided government really encouraging news out of the vaccine, low Interest Rates, a fed that is really going to remain accommodative, but there are some shortterm risks. You have to be aware of the georgia runoffs for the senate. You have to be looking at the possibility that we might have some hiccups as it relates to further fiscal stimulus. We are looking a the this as an opportunity to add to certain areas of the market that have more up side so certain areas of the u. S. Value trade but not deep, deep value and sickly calls things like advertising, apartment reits, some are more tied to a cyclical recovery but are not the most highly levered youngiest nailsalso point to emerging markets we are very bullish on emerging markets. We added to the emerging markets growth when you look at more attractive valuation, emerging market versus u. S. Technology and then the digital spread that were seeing what weve experienced this year is not likely to reverse in terse of the technological adoption and emerging markets are really well suited for that. I urge everybody to go to cnbc. Com and read megans oped and why she likes the eand i turned to tom lee kicking off this question to us because he has seven reasons today to keep buying the epicenter names and all of our views know he has talked about in this venue and others for several months. Vaccine momentum dramatically strengthening, check, we all agree with that, right treatments seeing vast improvements, check. Everybody agrees with that governments are work from home rather than stayathome orders. All of those seem reasonable reasons to you to continue to buy these stocks they do especially when he talks about the 4. 5 trillion in the highlights i dont think you want to abandon that group in particular i think it does make absolute sense to us to start adding money at more of the reopening trades we really never saw value outperform it was because we never really had a solid period of real economic growth. We could have limped along this time around it seeps like it could be more significant, especially against the backdrop of the significant economic stimulus that weve seen enacted around the world and likely more to come to bridge the gap between now and where theres a vaccine and therapy widely available. We began opening bookings, trades, boeing, we added a position in global value our next move is likely to add more to that value theme and taking from some of the more growth oriented investments we have in our portfolio but not abandoning them completely weve been overweight equities since march, even though we could see bumps in the road related to overall infections. We think that new we have the timeline to look to 2022 and say that that is more likely than a mub or two ago where we really do have a significant recovery take place the question is what is if and what the broader implications that would be on the market itself. Credit suites saying we agree the market can go higher with technical moving side ways do you agree with that call . I do agree with that call pete mentioned the fact that youre getting a little bit of a broadening out of the rally. Yes, even if it goes side ways to higher for technology, i think thats fiend i think its giving consideration, scott, to adding to the sickcyclically oriented trade. Last week docusign was down significantly on the news from pfizer today its holding basically higher apple is moving higher today i think were getting a glimpse today of how this market could be looking as we move forward. I also think, though, in introducing a lot of these new names, you have to give consideration to theories based on how are things going to work . We mentioned energy. And clearly the price of energy has significantly underperformed energy equities. Combine the reopening and look at a name like an energy bank. Financials and energy. I own twbcbi, its almost 6 higher i like taking the reopening concept and adding it to a portfolio that we already know, that established growth isnt going away and should still be in that portfolio. Its interesting, pete. You take a look at these stow called stayathome stocks, and you may have to be selective the way you look at those. Its not a monolithic group that will judge the reopen and say, okay, everything is going to sell off or everything is going to go higher joe uses docusign as an example. If were going to reopen, docusign isnt going to disappear. There are things you have to look at in their own individual way. A zoom, a docusign, a peloton, its not the whole group that an investor needs to take a look at what we have to look at when youre looking, we talk about quality all the time we look at a name like zoom. I do think its a quality name this stock was almost 600, not too terribly long agriculture. Now look at where it is. We are seeing adjustments there. I think well ten to see some of those nails i think some of those nails are the nails probably got way in front of themselves i think peloton is one of those names, zoo, teledoc. You think all of those are too elevated yes, 100 , yes. It doesnt mean they wont have a place in the future. The problem is its going to be a hybrid place in the future it going to go from everybodys at home doing a zoom call to people going to work two, three days a week and finding the efficiencies of what were seeing receipt who take a look at where you think that is trading from a pe perspective in the future we try to look at some of those kind of things some of those nails got way in front of themselves. Its understandable why they did but now at some point in time in the very near future as were looking out and seeing a vaccine last monday and a vaccine this monday that could be and people are going to have to readjust and decide what should the pe be for this company or that company, whether its a peloton, a zoom or teledoc, whatever it might be how do you view that question, as some of these stocks that have done so well at stayathomes that have become in some way household names. If all you have is a hammer, everythings a nail. To echo what pete said, it dedistinctive Long Companies and its been said we have two years of digital transforms in two months weve already had two years of returns probably pulled forward this year in some of those names. As a stock picker when i look back and think what do i want to own over the next year, give me a year, id rather own Kinder Morgan than peloton. So i think, you know, boeingssal interesting name. So i think its a really wonderful opportunity right now Going Forward across industries to be a stock picker and look at some of i think zoom is the best performing stock on the nasdaq this year. Its not going to repeat that every single year. And some of those nails have def in nitly gotten ahead of themselves im looking at commentary today from mook hes raised he is s p base case estimate to 3900 from 3350 thats for december of 21 hes looking ahead a year. Thats a considerable jump thats 300 points higher than we are now, its not a hyperbolic move anybody would take that given the circumstances. But he likes financials this is right in our wheel house of this conversation financials, materials, industrials and health care. Yeah. I would agree with some of those picks. If you look at a tenyear yield, thats now pushing towards 1 . A yield curve that is as steep as its been since 2018. Thats a good backdrop for financials, specifically those banks we tend to like still the larger, diversified Money Center Banks over a smaller regional bank, still a little bit hamstrung by growth. Those areas of the market still have a lot of opportunity. I wanted to agree with bryns comments from earlier. I think one of the things we might see from a market where tech moves side ways is the return of active manage mement its been a really tough year to be a passive index a broadening of leadership as i think about constructing portfolios with different active implementations, passive, this could be the next 12 months a really Good Opportunity for active management. Im looking at some of these stocks, which wilson says are mispriced. By the way hes going to be on closing bell today at 3 00 you can hear all of this directly from him. Well just set the table, if you will, for the folks on closing bell. You can see mike wilson directly there. Reopening stocks he thinks are mispriced gm, booking, darden, capri, hilton, marriott, cocacola, energy plays like exxon, air looinls like jet blue, delta, alaska. Brenda, what do you think about those . Part of me looks at those names and says i go back to the way we started this conversation with tough winter, cases are exploding, vaccine not going in anybodys arm in sort of mass quantity any time soon is it in some respects too early to buy some of these names, even as mispriced as they may look today . Yeah, our preference would be to go to Something Like booking where you get exposure nor than one category within the travel and leisure space. I dont think its too early to stop kicking the tires on this and see is this Company Going to remain solvent we can look forward and say it probably will be around 2022 when we start to see that happen our preference is to take a more diversified exposh we think that we will see things come back much quicker than they would during an ordinary recession scenario here. Because were all tired of being at home, we all want to see family and friends and i think everybodys ready for a vacatiovacatio vacation you do have to question whether some of these reopens a have gone too far . I think six flags it would be a lagger in the reopening trade. Its up close to 30 on the money that pfizer came out with news as i said at the againing of the show, these vaccine announcements are just announcements. We dont have vaccines being disseminated out of walmart, cv and walgreens. I really like the higher low scenario so ill continue to look around for some companies, some of which mike mentioned i talked about coke before i still think thats, as tom lee would say, a grainy shot of a reopening. Pete, how aggressive are you being right now in the market . When it comes to the option side of it, scott, when the volatility gets to the levels where we are, can you imagine two weeks ago we were 39 or 40 on the vix and here we are on the 22s . Its an amazing move to the up side this market is providing unbelievable returns in very fast moves its absolutely incredible i just got done as we were talking, i sold some mgm because the moves have been extraordinary just from last week ive been pretty aggressive just adding, adding, adding, whenever i see something that does make sense, mgm is one of those nails hitting for us and i decided to grab some of that. With this news we got a pretty nice spike from last thursday to today. Im being very aggressive but extremely disciplined. These moves can work just as fast to the down side as it does to the up side but the best days, if you will, i mean, in terps of the here and now of selling volatili volatility, which rick reader pointed out, are they over oh, no. They might be over for just now but certainly, scott, youve been all over this for a very long period of time. But i think we are maybe getting a little in front of ourselves its great that there are a couple of vaccines the last couple of mondays that come out that look very, very promising that doesnt mean we have them today. Its a matter of when does that really happen . And i think youve got to understand there are going to be bad times, theres going to be some really dark, as you mentioned, some dark days because of numbers we are seeing right now. Especially in the midwest where i am i dont know that were completely out it have and i think theres a chance that we have some big volatility explosions but that doesnt mean we cant go down towards 20 before that happens. But i certainly would be buying volatility at this level and if we get down towards 20 as well the Amazing Things just to finish up with you, is that tom lee has been making this call, viks loo vix has been making confirmations. When vix is between 20 and 25, its considered no mans land you get under 20, yes, thats absolutely buy time. And you can buy protection for a heck of a lot less expensive than you would have just two, three weeks ago. Absolutely, scott, i would agree. Tom lees been all over this for a long time. Lets step away for a couple minutes, take a quick break. Check out this mystery stock surged 50 this year, a new street high call on it today and path forward, your money register at cnbc events your money. The Halftime Report is back in twoments you can go your own way its time you make the rules. So join the 2 Million People who have switched to xfinity mobile. You can choose from the latest phones or bring your own device and choose the amount of data thats right for you to save even more. And youll get 5g at no extra cost. All on the most reliable network. So choose a data option thats right for you. Get 5g included and save up to 400 dollars a year on the network rated 1 in customer satisfaction. Its your wireless. Your rules. Only with xfinity mobile. Im seema mody the ahead of the World Health Organization says the good news on Vaccine Development shouldnt lure team into complacenccompla. He said Health Systems are being pushed to the breaking point here at home, new jersey is tightening its limits on gatherings Governor Phil Murphy gathering indoor gatherings of more than ten people and outdoor gatherings of more than 150 people the ncaa says it plans to hold the entire mens basketball tournament in indianapolis to lower covid19 risks talks are being held to host the city for games that had been scheduled in 13 different sites. And the Postal Service is raising shipping rates about 3. 5 and priority express will increase a little more than 1 thats our cnbc news update for this hour. Gh thank you, seema. Our call of the day is chipotle joe, you previously owned it i i know you wish you still did. Its up 50 year to date talk to me about chipotle. Back on september 2nd, it reached an alltime high thats basically where its going to be heading, 1745 is pretty aggressive. So its 10 higher from here the last 12 months, scott, youve gotten basically 66 gains out of this. I actually think that the next 10 returning to that high once again is going to be difficult to achieve, take much longer i think it will get there but just understand its going to take longer. Digital sales, which have been so incredibly important, delivery is 50 of that. So were trying to gain an understanding of what the operating expense outlook is going to look like for chipotle. What are the labor costs going to be . Are they going to ride in 2021 theyve lowered the delivery free from 3 to 1 theyre going to have to raise prices on the menu i think its going to take time to gain an understanding fundamentally of how Digital Sales and operating prices will be impacted. Im putting everybody on the spot right now bryn, best quick serve or fast casual stock that our viewers should look at today is what if chickfila were public, id say chickfilasin theyre not, ill go with mcdonalds pete . Im going to go with mcdonalds as well kind of like chipotle has done, theyre getting bigger and bigger into the Digital World and as they do, its going to be a home run for those guys. Brenda. I dont want to repeat everyone elses thesis but i pick mcdonalds, too its lower cost, likely to recover and be available for a broad range of people. Big serving of mcdonalds that seems to be the answer. We have more bullish calls today. Rahel solomon is breaking that down for us. Its a difficult balancing exact. Theres concern that at t is at risk of falling behind in the 5g race thats a risk they have with verizon, giving that stock an equal weight rating target at 60 and for tmobile, calling it really the only true growth story in the saturated Wireless Industry ev evercore raised to 110 that said you can see the stock is down about 2. 5 along with some of the other gaming stocks. Likely a part of this rotation that youve already talked about at the pandemic place today. A slew of initiations on mcafee. We appreciate it very much. Brenda, lets start with at t. Resumed underweight at wells investors dont even want to hear it because the stock is up today. It is down substantially year to date listen, its a cheap stock. Theres not a lot of expectations built in, has a 7 dividend yield they recorded a good quarter recently where the wireless business was positive and a surprise to the up side. I think this Company Needs to put together another good quarter. We need two good quarters in a row here keep in mind the time warner business is under pressure in this environment that is poised to recover along with Everything Else in a recovery scenario. That shouldnt be ignored. I dont think expectations are particularly high and attractive in the 0 Interest Rate environment were in rahel said initiated outperform at evercore you own calls in that name i do. Im looking at it, scott when you look at the fundamental story, that is not one of the names ultimately so stretched like zoom and some of the rest its trading at 22 times forward. Thats not so terrible i like the fact that call of duty just continues to be an incredible franchise they keep building on that they got 50 million preregistered already in china for call of duty. I think theres a lot of reasons to stay bullish on this name i think its getting pulled back today as were seeing some of that rotation. Its just getting caught up in that, scott. Its not so much the stock is tumbling for any other reason. I think this is a stock that very easily could easily get up towards 85 or 90 in the nottoodistant future good stuff. Well bounce for another couple minutes or so. Before we go break take a look at the s p sectors s p up 31 points, the d 1 points back after this. Lexus has been celebrating driveway moments. Heres to one more, the lexus december to remember sales event. Get 0 financing on all new 2020 and 2021 lexus models. Experience amazing at your lexus dealer. Before we talk about taxsaudreys expecting. New . Twins get 0 financing on all new 2020 and 2021 lexus models. Wed be closer to the twins. Change in plans. At fidelity, a change in plans is always part of the plan. Lets get to bob pisani who has our etf edge. Our guest today tim seymour and founder of seymour Asset Management tim, the value assets look like it has some legs all the value is up. But its not consistently outperformed for a decade. Is that about to change in your estimation i think you have to be careful about assume being its game on. We had even some of this rotation in fits and starts, may into june everybody thought this was the trade. Last four, five days obviously if you look at industrials, theyll outperformed semiconductors and triple qs if you look is he smh, this is vanex semiconductor. Its outperformed industrials by 40 almost over the last year. That doesnt change overnight. But normalizing rates and getting ourselves back into looking forward to the industrial cycle, yes, i do think that this trade has more legs and its been for the last two to three months really yeah. The rally is producing huge inflows into etfs lats the last week we just passed 5 million in assets inflows have all about in equity etfs, big outflows from bonds, all that money thats flowed into bonds the last several years now about to reverse who wants to own a bond at less than 1 yield you cant make any money over any kind of time horizon i like what tim said about the normalizing yield environment. I was just looking at balances the Merrill Lynch are down 49 in terms of their bond holdings. Everyone is running away from the ten year and trying to find alternatives thank you i want to tell everybody you need to join us, 1 p. M. For our etfedge show we take a big dive on gold, on bonds, on high yield and on equities with yan and doug yones. Scott, back to you thank you appreciate that. We do have a big week ahead for earnings were going to talk about that next get you the trades on nvidia, walmart,om he depot and move well talk about it next sfwlnchs we welcome back lets talk about earnings. Joe, you own home depot they have a reaction which signatures, scott. They owned them from 97 to 2007 it emphasizes on the renewed focus on the contractor and professional business. There clearly has been a lot of strength in terms of momentum for do it yourself and the consumer, but i like here trying to increase the exposure, stepping out to the professional capacity this upcoming report, im not necessarily sure its going to be enough to take out that previous high from august 27th, but its certainly going to be enough to have you remain committed to staying in the name thats an interesting point i want to discuss that with you. Staying in the name, something that stephanie link had not done she was trimming shares of home depot. The stock had a nice run were talking about reopen, maybe people are going to chang their lifestyle habits a little bit. Is it as good as it gets in home depot . No, i dont think so. And, listen, i like the diversification story, as i mentioned before, getting into that contractor professional area i think the Holiday Season is going to be a strong one for home depot, but its really been my way to gain quality exposure to Consumer Spending ive been hesitant to step out and maybe buy a travel or leisure or some of the casinos home depot has been how do i correlate with strength and Consumer Spending . Theres no reason fundamentally right now why im going to pare back that opportunity. Well get back to this conversation in just a minute. I do want to show you some video that is just coming in to cnbc, president elect joe biden and Vice President elect Kamala Harris you can see this economic briefing, mary bara is the ceo of general motors, ceo of microsoft also participating there, along with gap and target we may be hearing from the president elect sometime later today regarding the economy, but that is currently happening right now. That is your tape playback ill go to kayla tausche, who is paying attention to this, too. Scott, you mentioned the name of the Corporate Executives who are present at that teleconference it should be noted there are five representatives of major american unions that are also on that call. And the president elect said that he wants to have this conversation to get the economy back on track and to make sure it doesnt get off track during this upcoming period and to discuss ways that workers can continue to operate in their environment safely its notable that he asked that question because he has major representatives of companies and organizations that interface with manufacturing and with hourly workers whose staff retail establishments. Certainly these are people who are face to face with customers and in lieu of any sort of federal back stop, theres no one paying them to close or to not operatous e out of an abund of caution a tt this moment. That seems to be the thrust of the conversation that the president elect and Vice President elect are having today. Pete, you own the stock. And the options or just shares just shares right now, scott. Ive been in both many times what im really impressed with is this, the partnerships theyve put themselves into, levis, starbucks and ulta beauty all of this works in favor of trying to get folks into the stores for the margins when you look at profitability right now with target, walmart and amazon, its not even close. Its all about target because theyve got their five different categories and private labels. They seem to be doing everything right. And what theyve done with digital has been absolutely phenomenal i just continue to think this is a stock thats doing no wrong at this point in time trades 20 times earnings scott no reason this stock cant go higher lets finish with nvidia. There have been many tech stocks where the bar has been especially high going into the number this has to be one of them for nvidia up 130 year to date, 165 over the last year. Do you feel like the bar is especially high . I do. You know, this stock is up significantly this year so they need to put up another really solid quarter. So i think all eyes are going to be on a continuation of strength, the gaming and data business that weve seen but also looking beyond to the recent acquisition the company made in arm in the a. I. Business i think thats going to be a huge focus of the call coming up, crude prices climbing today you can always watch or listen to uli os ven the go on cnbc app. Back live after this get realtime insights in your customized view of the market. Its smarter Trading Technology for smarter trading decisions. Fidelity. This was the theater i came to quite often. The support weve had over the last few months has been amazing. Its not just a work environment. Everyone here is family. If you are ready to open your heart and your home, check us out. We thought for sure that we were done. And this town said not today. Its time you make the rules. And this town said not today. So join the 2 Million People who have switched to xfinity mobile. You can choose from the latest phones or bring your own device and choose the amount of data thats right for you to save even more. And youll get 5g at no extra cost. All on the most reliable network. So choose a data option thats right for you. Get 5g included and save up to 400 dollars a year on the network rated 1 in customer satisfaction. Its your wireless. Your rules. Only with xfinity mobile. Time for the futures outlook. Crude oil rallying hitting its highest level in months. Lets bring in scott nations good to see you. Good vaccine news means crude is going to rise. Thats right. Good news from pfizer and now good news from moderna everyone thinks now that its going to be back to normal thats a wonderful thought but i think its too optimistic. If you want to say thats whats going to happen in july or august and everybody is going to break out of lockdown Like High School seniors on the last day of class, great, i agree with that, but in january and until early spring, its just way too optimistic the iea said benefits to crude Oil Prices Wont be fully felt into well into next year, and so this rally right now is a rally to sell in the short term. In the january contract i want to be a seller i want to be selling 4220 in a january contract december is front month but that will go off the board in a few months i want to sell the target to the downside the target will be 38. 65 thats halfway back from the november 2nd low to the to the high we had on the 11th. Well trade these with 42 even. Every point in crude oil is 1,000 or were risking 800 to make 450. Scott, thank you. Scott nations joining us well take a quick break whats coming up is unusual activity petes got final trades. Lexus has been celebrating driveway moments. Heres to one more, the lexus december to remember sales event. Lease the 2021 rx 350 for 419 a month for 36 months and well make your first months payment. Experience amazing at your lexus dealer. To help you build a flexible wealth plan. Youll have access to taxsmart investing strategies, and with brokerage accounts online trades are commission free. Personalized advice. Unmatched value. At fidelity, you can have both. Unmatched value. When disaster strikes to one, we all get together and support each other. Thats the nature of humanity. It has encouraged other people to take the time for each other. Its that time pete what have you got for me today im going to start off with paypal, scott. It was trading a little over 18 of we had two separate buyers coming in there after the november 190 calls going from 2 to 4 and 33 up of the 190 calls from 1 to 2 on those both will expire friday. This has to move quick it already has now trading 191. Stocks moving to the upside in a big way. Second one for you though not moving quite as fast micron which has been absolutely on fire. Gone from 49 to 60 in a you are he and now they are buying all kind of different strikes. Buying the 61s in november that expire friday and 3,000 of those for a buck the 64s in november, about 7,000 of those those are going for 25 cents the 60. 5 calls for a buck and a quarter. 5,000 of those all of those in november, and oh, by the way, one last thing for you, december, 65 calls at 1. 40, 21,000 bought not too long ago and some were thinking micron has stock coming right now. Good stuff. Appreciate that. As always, pete thank you. Time for final trades. Megan, youre first . Going to equities where were overweight emerging marks should benefit from the that and part of a regional trade pact signed over the weekend. A bet on emerging markets is a bet on china, 40 of the index but the data has been good there as well. Good stuff. Thank you for that bryn teladoc, after a bit of a selloff, doing a big boy trade and selling the april calls and selling the 120 puts and collecting around 13 so you get at 14 yield. Good stuff. Brenda international value, etf. This is an area we think is poised to continue to perform well in a Global Economic recovery that we see playing out the next few years. Give me a name, pete and then, joe, give me a net. Upwork, this stock is going higher. Thank you. Starbucks. Good stuff. That does it for us. The exchange is now. Thanks, scott im kelly evans. Welcome to exchange, everybody. Market are rallying on vaccine hopes with the dow almost hitting 30,000 for the first time will it be another reopening trade head fake like we saw last week well ask with the dow already off its earlier highs and real estate entrepreneur don peebles says the pandemic will cause permanent changes across retail and office space and doesnt expect a quick rebound in 2021 hell join, and a retail rebound today,