robin, great piece got a lot of attention this morning. you talk about its share of the options market, share of hedge fund trading, retail fascination. what of those metrics do you think is the most interesting? >> i think it's hard to look past the options side. i mean, tesla is obviously a huge company, very successful company, and share price has gone through the roof, but what is really unprecedented about it is just the scale and the activity and the options tesla options. we're talking 240 billion dollars worth of nominal options, trading a day that is device as much as amazon and almost twice as much of the rest of the s&p 500 complex combined so, it's just staggering, right? there have been days where more tesla options have traded than everything else combined and that's unprecedented >> why do you think this is? is it say something about sentiment overall? is it about this giant turn that we're making in one of the biggest industries in the world? is it about his cult of personality as the richest man in the world >> all of the

. >> i think when you look to the retail base trading through robin hood, they do like those call options we saw rivian trade yesterday and go to the moon right away. that has had an interesting technical impact on our market typically, our market has more expensiveness on the did you know side to the upside. it has given you an example of a time that could sell expensive options. that's making a lot of things like collars as a hedging tool >> i'm not a big gambler >> i'm a poker player. >> i don't get it at all i have been to a casino. i watch the roulet and when i see like 10 reds in a row, i think i'm going to put a chip on black. it has to change >> does it impact people's decisions to buy options and shorts >> i love that analogy the reality is when you look at red and black, there is a 50/50 chance if you saw it 10 times in a row, it does have a psychological impact people saying maybe i need to put a new chip on the corner >> interesting strategy. i'm never going to play texas hold em against you. >> thadot es it here on "worldwide exchange. "squawk box" coming up next. #1 for diab

that's what we do for a living >> i own it for my trust i'm sticking with you, chuck chuck robins, chairman and ceo of cisco systems thank you for coming on "mad money. >> thanks, jim >> okay. back after the break >>> just chill out >> the chill man is in the house. >> the lightning round is coming up, when "mad money" returns >>> it is time it's time for a special edition of the lightning round [ indiscernible and then the lightning round is over are you ready, skedaddy. todd in florida. >> caller: how are you, jim? >> i am good how about you? >> caller: not too bad i'm hanging in there, buddy. i just called you, i own the csx stock. i would like to -- >> csx is good i will tell you that my charitable test owns it. we are doing a special game plan, and i tell you union pacific is a better company to own. i want to go right now to demarco in michigan. demarco. >> caller: what up, cramer boo-yah. >> boo-yah right back. >> caller: tell me what's going on with this canopy group. i've had it -- >> i think that it likes to go down i like stocks that go higher the core business is not good. i say

i want you to listen to my conversation with one parent here, her name is robin cornish. she sent five kids through the school district who say they were all harassed here and she sees this as a sad but necessary step in this process >> it's probably going to get worse. but i think -- my hope is, and my words are, here we are. stop let's come to the table, listen. listen and let's talk >> reporter: this investigation could take north of a year to complete and if they find out there are violations here, this school district could only be forced to make changesitored b the federal government for years. >> thank you >>> the federal bureau of prisons is a hot bed of abuse and corruption that's a quote from an associated press investigate shup, that found a lot of crimes committed inside prisons are committed by federal prison workers. according to the ap, those crimes include sexual abuse, murder, and smuggling in drugs and weapons in exchange for cash and stealing the ap reports of the 41 arrests this year regarding personnel from the justice department, 28 were from the bur

and competitors of yours, but people who know you said jans robins wants to be jeff bezos. you've come a long way since fantasy sports drive-by draft kings for investing and ticketing. i just want to know is that where you're heading, global domination >> i think we have ambitions to be a much bigger company than today. we want to expand geographically, expand to new product lines. i think all we have a proven track record of doing that, mostly organically and what we're trying to build is much larger than sports betting. we want to be a big tech company, be igin the same conversation with amazon and the like that is where we're trying to head obviously a lot of work to get there but that's our goal. >> jason robens, always a pleasure to talk to you. thank you for your time. >> thanks for having me. >> and our thanks for contessau brewer bringing us the interview. vaccine mandates and the future of national security don't miss the ceo of huntington eagles industry. it's a thirteen-hour flight, that's not a weekend trip. fifteen minutes until we board. oh yeah, we gotta take