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ATLANTA -- Cramer told a roaring crowd of Georgia Tech business students that InterContinental Exchange ( ICE) is "the single best way to play the volatility in oil."

ICE is a derivatives exchange. Derivatives, Cramer explained, are options and futures. ICE is a great play on futures contracts, he said. Every time someone executes a trade, ICE makes money. Oil volatility means more trades are taking place, which in turn means more money for ICE, he said.

In addition, Cramer believes ICE is a takeover target. He expects ICE to be bought by "the most disappointing stock" he's had since he started "Mad Money": NYSE Euronext ( NYX), which he owns for his charitable trust, Action Alerts PLUS .

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