china-related plays.
yum was battered on two sides
because
mcdonald's was downgraded and
the nike news to contend with.
which questioned the growth
story in china.
>> yum's growth is coming from
china.
45% of the sales come from
china.
to me we put a trade on the show
about a month ago.
i bought an october 62.5.
55 puts right now.
the stock is at 66.
i'm 10% out of the money here.
to me the company reports.
this is something i want to
stick with.
nike had been battered on this
news.
they missed last quarter here.
>> right.
>> at this point, yum hasn't
missed it.
i'm interested to hear what they
have to say here.
that stock closed worse today.
down 2%.
>> scott?
>> on the trade, i think the
nike trade the interesting thing
here is the nature changes
fundamentally.
when that first option expires.
as far as yum,
people love to trade because it
is so tied to china.
that is good and bad.
china can be opaque and the bad
is what we have seen in yum
lately.
>> reminder to you as you head