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Markets Prepare For a New Normal on Rates, and a Big Bullish Call on Bank Stocks 01/04/23

CNBC's "Fast Money"

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Options Action Mike Co Joins Us for More Options Action

Alibaba was the fifth busiest single stock option today it traded three times its average daily call volume. The largest call options trade was the March 140 150 call spread we saw a buyer pay 83 cents a contract for 12,000 of those an outlay of approximately a million bucks in the premium trader betting that this rally can continue. Ali Bob also seeing a huge amount of options activity today Mike co is joining us now with the action.

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