today, i'm not a fan, i'm short zillow and internnetflix, but id be in play and reasonable. and it could be the sort of acquisition target that makes sense for targeted players. when the stock was 22.5 today, i looked to september and bought the september 2835 call spread. i paid a dollar for that. i need a massive move, to 29, just to break even this september. but let me tell you something, this is the sort of thing, if they're going to pay, they're not going to sell for much below the previous highs. that's a 30, 40, 50% premium. i wanted to get out of the money, risk one dollar to possibly make six between 29 and 35. i have shorts on, this is a speculative trade. generally don't do deep in the money chunky bets on speculative. >> he makes a great point this is speculative. he's playing for a takeover, but not an outright call. bet on a speculation, buy a bunch of calls. he is making a smarter bet and reducing the cost by a third by turning it into a call spread. i think that buying calls or call spreads is the only way. look at the chart, it's ugly. hit 40, roll over con