enter carter braxton worth. >> the stock market over the last year and a half is surging. monsanto not participating. 70, 70, 70, and now hovering at 70. the presumption is a bad break to the down side. >> bingo, mike thought. shorting the stock would have exposed him to limitless losses. and mike wanted to define his risk. so he bought the may 70 strike put for $2.45. that's the most he could lose. now to make money mike needs monsanto stock to fall below that put strike price by more than the cost of that trade or below 67.55 by may expiration. at 2.45 why not just buy the farm? >> i'm going to sell the 65 puts against it for 90. >> that's more like it. to spend less mike sold the may 65 strike put for 90 cents and created what's called a put spread. between the 2.45 he spent buying one put and the 90 cents he collected selling the other put, mike cut his costs by more than a third. now profits come sooner. instead of needing monsanto to fall to 67.55 to make money, mike can now profit if monsanto falls below 68.45 by expiration. but there's a trade-off. in exchange for

braxton so much went back to the original act, because of this decision is it a wrap reworking of the act itself as an effort that would be made? >> certainly there are those that have called for that in the communications industry. there are folks on the hill since it -- who suggested maybe it's time to look again at the communications act and updated. i think those efforts are always appropriate to consider. i think the communications act as it stands today is a robust document that potentially provides authority for the fcc to regulate in the broadband area if it proceeds carefully and if it can justify. the ball is back in the court of the fcc to explain how they can do that. the decision is not even a wake- up call. is more like the snooze button going off. you have to be rigorous and analytically precise. the problem with your that was overturned was it was none of those things. >> if there are legal questions that have to be addressed if the reclassifications take place, where some of those questions? >> the fundamental question is what has changed since 2002 when the fcc birds

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