slumberge, it's approaching seven year lows. wondering if there's a reason to flush them they might not come back which leads me to mike's trade it's going to be contrarian. >> long premium. in mike's trade he's selling a down side put, less than 1% of the stock price out in october expiration that would be the only thing i would say maybe it's not really worth it maybe i'd go a little bit further out of the money widen out that call spread and not have that down side risk risking what -- >> that's actually a very good point. i've said before when i'm looking to sell options on stocks or etfs, generally speaking i've looking to collect 1% or thereabouts of the premium -- 1% of the stock price on the premium of the net short. collectively we're collecting 40 cents. the stocks cannot be both below 21 and above 25 at expiration. you can actually broaden out those strikes very slightly to essentially get that decay that you're looking for because of that if i was only going to be selling -- if i was just doing a risk reversal or som