. >> dan made a bet against alibaba.e's what he said. >> the trade that i was looking at alibaba, looking to take advantage of the heightened implied volatility, option prices around february expiration that will catch the earnings report next week. i want to sell an option there and buy a longer dated put in martha captures that lockup in hoping to get in for cheaper -- >> dan got the direction right but maybe a different structure could have worked out better. >> a lot better. this is a really disappointing trade. my these sis has been fairly bearish on alibaba. i was trying to thread the needle a little bit. sometimes it makes sense when you are convicted to get in there and make a move like they did in cat and buy an outright put and let it ride. >> what do you think? >> it's interesting that we did highlight on the options actions segment, yahoo! and baba going into this. for those following the twitter feed, you should, that was action we highlighted. here's another situation where options were cheap and they reall