maybe there is other stuff going on under the hood here i know that chris veren mentioned industrials and he see some strength in some transports but it doesn't seem even. >> often trade remembers betting the bomb could be in for ford let's get to mike for more on that. >> given the price action we saw on ford it's not surprising we saw unusual put volume but there are other trades indicating may be putting a bomb put in the stock we saul sellers of the eight strike puts. then we saw bayers of september 9.5 calls. they traded just under a dime. they are making the bullish bets they are about 3.5% up by the end of the week. by the way this how the company proceeds going forwards, the optioning market suggest attention some form of dividend cut is possible. you look out the 020 options you see the dividend options implied in the options market is 27% lower than it would be if they just continued the 15 cent quarterly dividend right now when this might happen hard to say. as soon as maybe next april we could see a dividend cut that's what it looks like for ford right now. >> mike co from