here's a darter. this is a bomb. this is a fuse. where should a red line be drawn. a red line should be drawn right here. the threat from iran is a political football what was interesting was that many israelis including people from the military said as long as there is an extensional threat somewhere somehow that is certainly helping us expand our budgets in ways that it's not possible to do in the absence on anything that can be defined as such as if you were iran what would you do i mean israel has what 3 to 400 nuclear weapons they're the ones who started the damn arms race in the middle east anyway they didn't sign a non player for asian treaty they built this program in secret. india and pakistan then went on to do the same thing and iran would you did sign the nuclear nonproliferation treaty looked around and realized they done screwed bomb administrating wants to sell bunker buster bombs which can penetrate 20 feet of solid concrete to the u.a.e. the deal is the latest us arms sale to members of the gulf cooperation council 6 nations that neighbor iran a foe

be to just run out and buy at the money puts, in fact they're not cheap enough to do that plus as darter pointed out he is looking for a checkback maybe 8 to 10% something in this range, not an absolute collapse. looking into the earnings season, trying to make sure i capture most of it, bearing in mind that options while cheap are maybe not cheap enough to buy outright i was looking out to march, the 220, 200 put spread on the triple qs you can buy the 220s for 2.25 pell the 200 for 1.20 net, net buying 3.35 to buy the put spread i think that's the way to do it. the out of the money puts mitigate the decay you experience but obviously if there is any form of a catalyst that's likely to move the markets right now, we'll exclude all of the virus concerns and things. but if there is fundamental factor driving the markets at this point earnings would be a potential catalyst and the top names obviously have outsized impact on the index right now. >> unbelievable impact in fact what do you make of the strategy, carter. >> this is what one has to do, because just staying and believing and hopi