here >> mike, you've done this well with selling a downside put in a market that has been pretty rangeboundeven if they are cheap in vol terms whatever, but you basically get long down at 104 versus a stock that's trading at 110, and then get long in the upside at 111. so that risk/reward ratio, you know, that makes a lot of sense to me. and as far as carter's charts, the most compelling chart, i think, is that uptrend the fact that it's kind of banging down on that, and you see a lot of room to mike's high strike, and that's why he's selling that 117 because a 6 to 7% rally over the next month and a half or so, would be pretty nice >> and if you were to toss in, let's say it's 50/50 for equities in general. if we're doing higher, money will flow to this laggard area we've seen that in a lot of beaten up reality names. if the market is about to go into a big spin lower, i bet you a lot of the damage has already been done. >> but does the xbi chart look bad? because the premise of this trade is that that gap between ibb and xbi will be filled, but on a fundamental basis, there may be reasons