top sholdings, lum berge, they're down and 15.5% respectively. it's being dragged down by the three big leaders. and listen, those are cheap stocks with good dividends. they haven't been participating. so it comes down to i we heard a lot of stuff this week, jeffrey dunlop started out converging markets, more favorable, relative to the u.s., i we heard that a couple times this week. you would think crude oil would be the beneficiary of that. if that's what's going on here, it seems to be telling us a different story here. >> if those companies see it, you see exxon replacing their reserves, which they had done consistently up until next year and haven't since. if they're not betting on it and the saudis oornt betti aren't betting on it, the largest disintegrated oil and largest producing nation are sellers. why would you be a trade? >> i'm looking out to september. the 60 foot spread you could spend $3.15 on the put is what i was looking at earlier, sell the 60s against it for 85 cents, spending $2.30, the whole purpose here is essentially target