bhar what are you doing there? you're selling one of the may 13th weekly puts at 50 cents.uying one of the may 20th regulars for a dollar. that costs you 50 cents. >> what is today? it is may 13th. where does the stock go? >> friday the 13th. it went straight to 65. it doesn't normally happen for me like this, people. i'll tell you that right now. you had to manage this trade today. you had to manage it today on the expiration. you did not want to stay short that put on the weekly expiration. i actually had to pay a few cents, a dime to cover that. i looked out to the may 20th. what i was always trying to do is isolate next week's earnings event here. i'm long the may 20th 65 put. that has increased considerably in value. right at the money now. i sold one of the may 20th 62 puts. now i have a 65.63 put spread for this earnings event. now i have it 15 cents. i can make up to $2.85. at this point it's like money if the stock goes lower. if we get to the earnings midweek and the stock is down at 64, 63 1/2, i may take it off. there's no reason to risk that event. it may be ov

bhar you looking at?ntioned health care and then i thought of enda, which was the story from friday. so, i took a quick look at endo. it's down to $15.63. it's now down 82% from its 12-month high. >> geez! >> which when you look at valeant, which also was down rather sharply and is up today, it's coming close. valeant's down 86% from its 12-month high. so, those two companies, both inversions, of course -- or actually, valeant was never an inversion. valeant just has a low tax rate as a result of being -- >> canadian. >> yeah. >> canadian/ -- these were where the hedge funds were, and i just find biotech's been terrible. regular old pharma not so hot. >> speaking of valeant, you're going to have an interesting guest on "mad" tonight. >> i know joe for a long time from perigo. we've got to find out what happened to perigo and what's the story for vealeant. people are excited this morning that they're going to file their quarter. >> yes. >> that's a low bar, isn't it? wow, they're going to file? great. anyw

i think it was a foolish bargain, an expensive bhar gain. they're not going to be around to have to deliver on the trillion dollars. they're just nibbling around the edges and moving these things forward and leaving the big decisions for the future. and they've actually made it worse by not fighting aggressively for nonproliferation resources to help us keep these materials out of the hands of extremists and retire nuclear weapons that are floating around the world now. we have more nuclear weapons than we need, more nuclear weapons than we can use, more nuclear weapons than we can afford. we can defwite whether we have enough to destroy the world three times, five times, 10 times, what's ironic is we never have that debate on the floor of the house, on how the tradeoffs occur. what the threats to conventional military capacity is. and how they fit into an overall scheme of affairs. i would suggest that this is the -- may i have 30 additional seconds? mr. smith: i yield the gentleman 30 seconds. mr. blumenauer: i think this is the least effe