Frankly, earnings season has been good maybe better than in the last couple of years, so to blame it on earnings is looking for a scapegoat. I think most, if not all this move to the downside, has to do with the rhetoric were hearing and pete and dan can speak to this a lot better than i can when you see the vix up 44 and for the first time in a long time, not giving any back during the day, that leads me to believe that people are more concerned about geo Political Risk they are about earnings risk so, you have a vix up 44 and it hasnt happened a lot the fact that the s p was only down 1. 5 was a little curious it also speaks to what you just said the way lot of funds have been b trading volatility. Helping fund other bets hee, so this is a bit of an unwind and investors caught off guard the s p 500 three days ago was making new all time highs. Its down about 2 from those levels obviously, theres things that guy has been watching. Small caps, russell is down about 5. 5 transports rolled over theres a lot of things going on under the hood if i would have told you we were due for a pullback, but be frank, when you buy voil till volatility after a 45 spike, thats a tough way to make money at least when youre Trading Options or buying protection we saw sectors being used as atms they were being drawn down the most in today eetss session after the aggressiveness, i dont know if its too much yet. A lot of times, you get thexagg moves. Highe esclose of the year for t nasdaq so youre looking at volatility over 19 there. Were seeing the paper, these flows. The pressure on the fang, but also the rest of technology right now. I dont know that you have to jump in just yet i think its more than just a threeday, hey, were pulling back i think so its something we talk about all the time you want to have that protection in place before the move so those that have been sitting there buying protection and felt like it was a waste of money, doesnt feel like that anymore if you look at the other markets out there, the stock market move was not commensurate with other moves jap japanese yen trying to be the safe haven currency. Swiss frank. Gold all these things that would tell you risk on, risk off or back to that type of thing you would have thought the stock market s p 500 or dow would have been down a lot more today im with these guys. This is not just a one day event. You dont need to panic, but this is not a oneday event. The dip to buy today so, the tenyear yield, 2. 19 . At this point, so its another assess class maybe telegraphing there could be more trouble ahead. Why do you barking at me . Did i do something im minding my own business. People at home, people all day long have been hearing from market participants. Earnings have been good and here we are as we can all attest, either the hard or the correct way. Thats been the mantra for the last seven or eight years. Does it feel different now no, but ill tell you the arrange signs im looking at german dax is at levels where it feels as though it could break down in 2016, thats what i think led the s p to the upside, so if it did, stand to reason it could lead us to the russell stands. Tran ports all over now for a while. Those things concern me. That means the tenyear probably should be trading where its trading. One thing i just mention, some of the big names that have these massive gain apple, amazon, facebook, microsoft, missing one of those you know, alphabet, these things have 3 trillionin combined market cap these are the ones that are driving a good bit of the performance or the outperformance at least in the nasdaq 100 when i look at those names, theres some clear Technical Levels they were in the spring, breakout levels. We talk b earnings, they had good earnings. I think they had this moon shot. Into the events. Youre having a bit of a sell off, i think consolidation is really healthy because it looked like sentiment got one away. There was a bit of come pla sply so to me, i think if youre a bull, you want to see that continue to go you want to see people get nervous. You want to see it overshoot on the near term to the downside, then youll have your levels so, those big text name, weve seen this before, they are the atm. You talked about small caps being down more than the s p 500, so if if youre a fund manager and you have ill liquid small cap stocks, the first thing you do to protect your gains sell these big names, so if this market going to continue to sell off, youll likely see some of those tech stocks continue to go that will present an opportunity i just dont think its today. So you asked the question, is this the dip to buy. I dont think so theres not enough panic out there. In the past, you have been reticent about telling people to move to cash theres nothing wrong with having a high cash position at this toint point in time and i will refuse to say what a high cash position is ill tell you what i did today i did take off a lot of risk im probably at about 40 cash now in stock market investments. Amazon and netflix are more than 11 from their 52 week high theyre theyre in correction territory. In this market environment, the sell off is more likely to hit them more. Makes sense. Amazon and netflix, when you look at the growth, you get exciteded. Theres a lot of reasons why there are certain names. Im look at facebook, apple, all those names. They arent even close to 10 off of their recent highs. Apple was there yesterday. Thag the names im looking at now. I think we have to go back and rook at apple had a good report and the stoke broke out so that is one where if you had sell off that would look like what we saw in early june, that does have valuation support and catalyst support, so to me, if you can get that one on the cheap, thats where you want to do it the same chart isnt it nice when they get along, these two i like it when they fight iyt. Transports levels towatch 160. Iwm, small cap russell right there by the way, those to me are the levels you have to watch. I want to throw one thing there. The tlt, tenyear yield, 210 to me is a huge level very close right now as we mentioned, the volatility index spiked 44 today to its highest level since may. Our next guest predicted it on this show. Basically, filter gets low, theyll get levered, then something triggers it. We think volatility will increase that. Since that, the vix has jumped by 60 . Jpmorgans mark is the man behind the call. One of the most followed activists on the street. Always good to see you, especially on a day like today why doept you give us the narrative behind what we saw today. Basically, market opened lower. Basically was drifting lower since 230 into the close above 75 basis points. Happening at the last sort of stretch. Its the time period where theyre hedging their positions. So, buying the tip or acceleration and last number of things, number of weeks, it was heavily toward the calls and that was suppressing, but we were warning, this is going to flip sort of what happened in the morning. Basically in the morning when we saw this position has flipped then basically, its not time to buy the dip because theyre chasing on the downside, so i see todays move as more technical than fundamental geo political. Does that mean that the sell off continues into todays session or technically driven in technical accelerations do tend pau make me revert we still expect higher terms its going to be b a bit of a vacuum fundamentally youll have three Central Bank Meetings we think its going to be too early for tax reform and you have debt ceiling, so we sort of still think that september, youll see further increase in volatile as i said, these moves tend to zigzag so, marco, the top of the show, you see some of these funds balanced across multiple Asset Classes. They have to sell on days like today. If they get imbalanced, so what Asset Classes should they look for . Tlt or gld to say okay, you know what, the selling is over and these, the repopgsing is over in these. I wouldnt focus that much in these type of move, we tend to focus more on products as a driver the last few years, a lot about funds. They do tend to a look at longer look back windows to basically, so you need to have a bit of a more significant one day doesnt cut it or 1. 5 type of day but certainly, it keeps on going higher, you need to sort of estimate what types of outflows there. Im not going to ask you to name names, but theres a certain European Bank that has the biggest book in the history of mankind do you think theres a potential for the, that type of book to face the dilemma, the fast rise in volatility today . I dont have any kind of information of individual sort of positions generally, when i discuss positioning on the street, i dont necessarily look which, the training shop is behind. So i wouldnt have a sort of view on concentration of risk. You know, that said, we look at a sort of leverage, s p auctions, any products that have a better connection at the epd these products have been increasing how high do you think the vix could go in september . Based on what we published before our views are 19ish. I think thats a historical average. We think sort of that type of the high teens, low 20s is something we shouldnt be surprised. If we do that in september, does that throw off the risk parody firms thats a concern thats a concern. Were not forecasting that, but as we get there, were going to be monitoring it were going to be monitoring as i mentioned volatility well be monitoring trend. If you hook at the trend, still longterm positive u now shortterm is weakening. On a one month abasis. Well watch those parameters fand they get triggered, we may go on and forecast a bit more serious. Okay. Thank you. Jpmorgan pete today, i didnt do a lot. The market was down and we were watching it with everybody else. The interesting thing is when you see volatility spike today, 46 move on the vix i dont feel like these one day events going to be a point in time where it gets people more nervous. Gets ta panic. I think towards the 20s. How long can that extend i dont think it sustains up at those levels for lopg. I think those are the opportunities that youre looking and waiting for, am. To be able to use that volatility to sell it against positions. I personally, we could talk whether it was like exhaustive earnings or sentiment. I think this has a lot to do with the actions o the president this week. I think hes dialed up the rhetoric in a serious situation. In a way that anybody, no matter what side of the fence youre on, you cant feel too comfortable. You want to talk about how volatility can spike take a look at the weather in bedminister this weekend if its raining and this guy doesnt have a golf dwam to play, were going to get a lot of tweets, a lot of apgry stuff. So more volatility and more downside thats the bottom line if its raining tomorrow before the close and expect it to go that way in new jersey, then i think you strap it on and buy some puts. Do i like buy its a good question. What would you do, what would you look for tomorrow morning first thing. If you think volatility and ive mentioned, i didnt name name, butly now. Deutsche bank has a tremendous derivatives book the stock has not been trading well now for quite some time one has to wonder with heightened volatility, if you see Deutsche Bank continue to sell off as the vix goes higher, it would lead me to believe that theyve gotten themselves off sides. Trying to say it in english. They were taken in premium by selling options. That game works until it doesnt. You saw what happened today. Coming up, snap just reporting earnings share rs getting crushed that call getting under way right now. Well bring you the latest headlines. Plus, nvidia is up nearly 200 its sinking after hours on earnings, so are any traders buy ing this stock right now on this 6 dip and later, bitcoin surging to record highs but what is behind the move . Brian kelly is going to breck down the three things driving the Digital Currency, plus answering your questions on twitter. Back right after this. Your brain is an amazing thing. But as you get older, it naturally begins to change, causing a lack of sharpness, or even trouble with recall. Thankfully, the breakthrough in prevagen helps your brain and actually improves memory. The secret is an ingredient originally discovered. In jellyfish. In clinical trials, prevagen has been shown to improve shortterm memory. Prevagen. The name to remember. Looking for a hotel that fits. Whoooo. Your budget . Tripadvisor now searches over. 200 sites to find you the. Hotel you want at the lowest price. Grazi, gino find a price that fits. Tripadvisor. At ally, were doing Digital Financial services right. But if thats not enough, we have 7500 allys looking out for one thing, you. Call in the next ten minutes to save on. And if thats not enough, well look after your every dollar. Put down the phone. And if thats not enough, well look after your every cent. Grab your wallet. Access denied. And if thats still not enough to help you save. Ooo i need these well just bring out the snowplow. You dont need those well do anything, seriously anything, to help our customers. Thanks. Ally. Do it right. Track your pack. Set a curfew, or two. Make dinnertime device free. [ music stops ] [ music plays again ] a smarter way to wifi is awesome. Introducing xfinity xfi. Amazing speed, coverage and control. Change the way you wifi. Xfinity. The future of awesome. Welcome back to beat across the board for nordstr nordstrom, but unlike those, nordstroms sales actually grew and it increased earnings and revenue guidance smells ligslightly above the street shares after hours are up there. More than 3 the Department Store says its anniversary sale, the larnlest of the year, was the big driver for the quarter. It was stronger that year than in years past. Nordstroms online sales made up a quarter of total sales for the Second Quarter now, their total comp sales were 1. 7 analysts expected a loss the off price Nordstrom Rack business, the stores and online together, outperformed again comps there grew more than 3 , but the rack stores alone saw comps drop 1 . The full line dropped 1. 4 those stores alone for the regular stores dropped measure 4 the call is underway the retailer is looking to grab b share and key markets where its going to be investing most in stores and management admits sales plan for rack stores might have been too aggressive for the year going in. Melissa. Thank you back at headquarters that takes us to the move of day. The retail etf tanking 3 today for the worst session of the year the Department Stores drag on the safe macys, kohls, dillards plunlgplunl plunging dan called the xrt the worst chart ever the other night, we were talking about retail in general. We were previewing all of the Department Store earnings then look out to next week. Looking at walmart, trading on a 52week high target up 20 from its lows then we had home depot, but showed good relative strength my view simply was wait until these earnings come out then short this thing because you keep shorting the srt. What some of these Department Stores are telling you, theres big structural issues here theyre going to shut a lot of those other stores when you look at these numbers and the e commerce last quarter, upper 20s they continue to grow in the right spots over the last years. One was the corp. Sales. They were worse than expecteded. This time, they were better. Are they showing us a turn im not saying that we need to get rid of jc penneys and sears and we need to see cop sdocumentation. You think nordstroms is a buyer. I think the ones that have premium brands, whatever the plan is is sxwl do you want to buy those . To me, that sounds like youve got two choices here youre going to get bought out or go out of business. Theres another choice, actually like the amazon and whole foods where you part up ner wup a large excommerce player. How many choices are on the table right u no then the others. To buy the brands themselves and not buy the stores that sell the brands t trz. Ill tell you something about, is the business turning around inventories were up 2. 2 sales growth was up 3. 5 what does that mean . Theyre able to maintain margins in an industry where a lot of people havent been able to. Trz that crazy evaluation. So here at 46. 5 now, theres a real good chance the stock continue to rally up to 50 bucks, where its failed a number of times this year. Still ahead, check out shares of snap getting crushed. After hours stock is down nearly 14 . Well hear from the ceo about what looks like a rough quarter after this youre watching fast money on cnbc first in business worldwide. Heres what else is coming up on fast its the most wonderful time of the year well, not you own bio tech stocks because theres something about the month of august that usually spells pain. Well tell you what that is. Plus, a Digital Currency in which transactions can be performed without the need for a central bank what is the craze sweeping the nation known as bitcoin . We have another question what makes it go higher . Bk is breaking down bitcoin. Nzetnsee wn our twtshefs mu rur stay with me, mr. Parker. When a critical patient is far from the hospital, the hospital must come to the patient. Stay with me, mr. Parker. The at t network is helping First Responders connect with medical teams in near real time. Stay with me, mr. Parker. Saving time when it matters most. Stay with me, mrs. Parker. Thats the power of and. My name is jamir dixon and im a locate and Mark Fieldman for pg e. Most people in the community recognize the blue trucks as pg e. My truck is something new. Its an 811 truck. When you call 811, i come out to your house and i mark out our gas lines and our electric lines to make sure that you dont hit them when youre digging. 811 is a free service. Im passionate about it because every time i go on the street i think about my own kids. Theyre the reason that i want to protect our community and our environment, and if me driving a that truck means that somebody gets to go home safer, then ill drive it every day of the week. Together, were building a better california. Welcome back to fast money it was a sea of red on wall street today the dow dropping more than 200 points while s p fell 1. 5 and nasdaq fell more than 2 heres whats coming up in the second half of the show. Nvidia sinking 6 after earpings report it has been the hottest stock over the last year surging more than 180 . Nearly 50 to just the past month, so what is driving the currency higher . Mr. Bitcoin himself will breakdown the move, take yours on it later on, but first, snap shares getting crush ued tanking 13 . Julia is standing by in los angeles with the latest. Hi, julia. Thats right. Im just right here outside snap headquarters and despite the stock tanking, evan speak l on the call taking a positive tone. He ended his prepared comments by reassuring investors ahead of a big lock up expiration that he and his cofounder have no plans to sell. Given the amount of speculation, its important fo note bobby and i will not sell any of our shares this year. The company will withhold the shares kneed to sats faye the tax holding obligations. We believe deeply in longterm success of snap. Just moments ago saying the combinati combination, and new advertisers, should help grow revenue. Spe hes saying the more effective the whole system becomes, talking about how the option and data should help increase advertiser roi no comments on competition from facebook or instagram. Well likely hear comments from that in the qa and session with analysts we may even hear some questions about what facebook unveiled today, its new watch tab. Of course, snap has its own for content, the discover tab. Back over to you thank you very much take a look at snap. The loss nearly quadrupled daily active users added in the quarter, missed expeck tactaties theres still the lock up which comes up august 14th dan, what do you make of the stock here at new lows well, its clearly disappointing. Obviously, you have a situation here where growth wasnt as expected i think there are some positives here theyre saying on average those 173 million daily active users snap about 20 times a day. Thats the sort of thing advertisers get excited about. Engagement when you think about their average revenue, theyre up to about 1. 05 thats about a quarter of what facebook gets for each user here so to me, i dont think you have to think ant how quickly they get to a billion daily or monthly active users you look at how youre going get revenue out of the users theyre having so to me, were three, four months after the ipo you have to say okay, is this the end of the story i submit as guy likes to say, probably not is there lower lows . I dont know youve been saying Single DigitsSingle Digits yes 3 million, 2013, 2014 offers him 3 billion. He says im going to go after you. He has gone for the jugular. When you look at what instagram has in terms of their daily active users very snap, its not even close anymore advertising on snap is very difficult. Heck, morgan stanley, who brought them up in the ipo, theyre even downgrading theyve lost faith in whats going on with the leadership of this company and by the way, they dont have the broad swath that youre going to get out of the Facebook Instagram world this is a team group these guys are heavily tied to google. I bet you see some sort of extended partnership. Googles going to go after them with something called stamp. Thats already in the works, so i think thats another competitor thats going to be very, very difficult this is a fresh low in the afterhours session lifetime low if its short lifetime you said you thought snap could be set up for a trade. If you holook at it today, is closed up now, i will say, i thought post earnings would rally into 14s, 14 and a half or so, then fail. I got that part wrong. Every rally in the stock has been sold and thats sort of whats happening here. Does it get to the Single Digits its probably correct at this point. I was one of those saying you know what, maybe snap has bottomed here. Its worth taking a look for a buy. I thought that the sentiment had gotten so negative that even if it missed a little bit, you would have gotten a big rally. Well, i was wrong on that. So, what do you do in this situation . To me, this is a situation where i get out of it completely reevaluate, maybe come back later on theres something here, i hear his point, theres a lot of competition here they have yet to address that and i think until you see that, you cant get back were down 17 now on snap shares weve got a news alert on bri e bridgewater. Leslie hey, melissa, thats right. Ray putting his money where his mouth is is. In a regulatory filing disclosed today, his firm bridgewater showed a new purchase of i shares amounting to about 100 million total that echoes a blog post from earlier today where he was recommending investors hold 5 to 10 of their portfolio in gold to hedge against the uncertain thety with north korea. Now, we dont know how much he holds, these are socalled 13f filings, which show equity exposure only. But there were other interesting moves, include iing more than 1 billion into emerging market etfs, including a bond and he increased his exposure to south korea etf. Its important to know these filings disclose holdings as of the end of the quarter, so june 30th, so they are a bit old, so we dont know exactly how much he holds now, especially given efg thats going on in the news but, interesting stuff none the less thank you and of course, ray is the latest in a string of big investmen investments, if you will, who are getting more cautious. We had gun lock, black rack, all not to be alarmed, but getting less bullish on the markets. Yesterday morning, early and dan sees all these things. October 131. Somebody buys those for 30 some odd cents. Those have doubled today its one thing i did i trimmed some of those because at 50 , why not take that off. Im going to hold the rest because i heard about dali oh, and there are more and more folks talking about gold as the spot to be doesnt mean golds going to be in this great correlation like it used to be in the past, but why not have some at this point in time. Do you have gold . I dont is it because you have bitcoin . Exactly rather have bitcoin at this point in time. I dont think theres anything wrong with holding gold. The reason i dont is because my view on the dollar, i think were going to get a stronger dollar, so therefore, thats tougher, but i think its sbresing that people are buying gold as this kind of geo political hedge. I dont think theres anything wrong. Heres a much better trade. Gdx. We know that relationship there, thats one that has had made three lows over the last four months down about 21 bucks its approaching a down trend line that its been in since the 52week high so if youre considering getting along gld for this, id go to g dprx. Nvidia sinking after its earnings report. One of the hoets hottest stocks of the year. Is the epic run over plus, bio tech posting its worst in history well explain why when fast money returns ed fifty knots lie on the caribbean seas its a champagne and models potpourri on my yacht made of cuban mahogany, gany, gany, gany, gany watch this dont get mad bell mnemonic get e trade and get invested welcome back nvidia falling more than 7 . Back the leslie. Hey, melissa, the shares slumped during market trading and again after the Company Reported earnings today. Its kind of hard to find a headline bad news in todays report they beat expectations on the top and bottom line. Said they were returning billions to shareholders and showed bullish guidance, but some investors were concerned about the segment. The growth which was up only 2 from the First Quarter investors really just waned more from this report a big reason why is that this is a company that has surged more than 185 over the last year among the best performers within the s p 500, but todays move is one that make it is the shorts pret thety happy about 34 is sold short. Among those andrew left of sit ron. He told fast money he shorted this stock into earnings saying it has run too far too fast. Intel at seven times and Texas Instruments at 13 times, but who is feeling the pain today . The third of the stock including vanguard and jpmorgan. Among the hedge funds adage capital hold the highest positions according to their latest filings in focus on nvidias Conference Call today,crypto currency, emphasizing the unit for applications its here to stay. The market need for it going to grow over time, the it will become quite large. It is clear that new currency will come to market. And it is clear that it is fantastic photography. Very bullish. Back to you. Thanks so much. Guy. What did you see in the report that could cause they beat big on eps and revenue. She mentioned data its up 175 year over year. Awe thoughs utos is the ore thi. Growth was not there because quite frankly, thats the Growth Engine of the company. Now, do i think the story is still in tact . Yes, but the stock is probably too expensive. From 100 to 175, you could make that argument, but youve seen moves like this before stock went from 160 to 140 in a Straight Line the first time mr. Left spoke about it and it feels like its going from 170 to 150. Andrew left put his short back on nvidia ahead of the earnings this morning. The last time we saw the short put on, be becomes the poster child for risk for their market, the reach for growth its an old fang. What do you think happens now . Weve seen nvidia down 6 in the after hours. You do wonder i dont have the answer to that. Its a great hedge when you look at what he did by buying those calls. They were very exsenn sieve. He was making a calculated bet guys right. Growth is spectacular, but its deaccelerating so when people start to see that shift, theyre going to take chips off the table. And you could see it hit the rest of market because that kay ta center is not just nvidia so people may look at that, in this environment, its not what you want to see. So i wouldnt be surprised to see the leader of the market last week, it crossed 100 billion market cap theres few semixaeps on the planet that have 1 100 million market caps. If you start to get deacceleration, you have investors start to reprice this thing. If you did get most of the growth in these emerging tech spaces over the last year, then its backward looking and at some point to me, ill just say this, if the stock closing within where its trading now, the moving to the Options Market has moved about 15 over the last four quarters, thats pretty bullish i would suspect if it closes down, its going to make a new high again i did take a shot today on that i put on a call spread expecting to see this thing move to the upside i didnt get that. Unfortunately, but at least i had a risk reward. Amd is down more than 2 . Also related because its also in the crypto currency play. Were watching that one. One of the factors thats helped nvidia has been the performance of bitcoin, but as it cons to make new highs, it continued to confound some of the worlds top investors. Heres what howard mark said earlier on the Halftime Report my problem with bitcoin and i say in the memo, maybe im too old to understand bitcoin, but when i went out to california and met with Mike Milliken for the first time in january of 79, i understood what was behind i dont understand whats behind bitcoin. Well, howard, today is your lucky day because bk is going to explain it in a segment called the more you know. What are some of the reasons why bitcoin goes up . You know what, so to howards credit, lets find out what the value is and whats behind it here number of transaction, how is this currency being used number two, when you have currency crisis, this is acting like another currency. And number three, the dingital gold aspects we talked about gold earlier id rather have bitcoin as a store of value than we cogold. So, why do i talk about transactions take a look at the chart i have here if you look at the number of transactions, this is the blue line thats number, thats the dollar value. The orange line is the price you overlay them theyre almost one for one exactly whats going on. Whats going on behind the sa scenes here . Bitcoin is is a social network we talk about monthly active users and bitcoin is the social network for money. Its like having more monthly active users and thats why theyre really the thing behind this currency. Now, the next chart we have here i took this today. This is google trends. Where are people searching for bitcoin . Nigeria, south africa. Those are the two that stuck out. Because nigeria, the central bank is actively intervene ng the currency market and south africa just h had a political crisis where the Prime Minister barely survived a no confidence vote, so youre sarting to see it take on characteristics of a safe haven last thing i want to show here is how it acts as a currency or how it looks versus gold right so in the past, you dont see much of a correlation here between bitcoin and go, but youre start tog see it now and whoooo. Youre searching for something. Like the perfect deal. On the perfect hotel. So wouldnt it be perfect if. There was a single site. Where you could find the. Right hotel for you at the best price . There is. Because tripadvisor now compares. Prices from over 200 booking. Sites. To save you up to 30 . On the hotel you want. Trust this birds words. Tripadvisor. The latest reviews. The lowest prices. Theres a couple ofthings that are driving that one was a glut of secondary offerings flooding into the market another is that even though weve had some good news, the stocks arent really holding those gains. They dont seem to have the traction no mna in the space right now. People are waiting for companies to start buying. Weve heard from Companies Like pfizer, holding off waiting for certainty for tax reform before they make big Business Development decisions. If you look historically, we can see this is not out of the ordinary for august. August is the worst performing months for the ibb, over the last ten years our data team crunched the numbers and saw august down 2. 2 the other bad month being october. Look at that gain in july, though it looks like its history held this year, this would have been behind september we can expect potential gains there. August, pretty bad for biotech. Does gilead continue to break your heart its bounced so much, its not breaking any heart anymore but i have a question about the generics is that affecting the generics arent really considered biotechs. But my lin is part of that etf theyre not considered traditional biotech. Gilead this is the name she just mentioned. People are still concerned, theres concern out there, the uncertainty, why arent they buying my lin mi lynn mi lin my lynn my lin mi lin. There was a buyer of 10,000 of the september 7468 put spreads. The convergence up from the uptrend from earlier in the summer that gets you back down toward that protection level. So to me, kind of interesting trade here obviously this trader had some good profits but looking to protect over the next month or so where can i learn more about fancy trades like that options action, that show, 5 30 p. M. Eastern time on friday i have to tune in for that. Meg, thank you. Meg terrell. Up next, fin tdealra. Hey gary, whatd you got here . This bad boy is a mobile trading desk so that i can take my Trading Platform wherever i go. You know that thinkorswim seamlessly syncs across all your devices, right . Oh, so my custom studies will go with me . Anywhere you want to go the markets hot sync your platform on any device with thinkorswim. Only at Td Ameritrade final trade time pete gld dan likes the gdx, im going gld. Walmart im probably going to be taking it off tomorrow. Sell some walmart. Gdx, i do like it call spreads look cheap. Who was dorothys aunt in auntie em clever. Very clever. Im melissa lee. More fast money meantime mad money with jim cramer starts right now my mission is simple to make you money. Im here to level the Playing Field for all investors. Theres always a bull market somewhere, and i promise to help you find it. Mad money starts now hey, im cramer. Welcome to mad money. Welcome to cramerica other people want to make friends, im just trying to save you some money my job is not just to entertain you, but to educate and teach you. Call me at or tweet me at ji cr