names like nordstrom's, jwn is an interesting one where they're sellers of august volatility. so i was kind of looking at this, why are they selling august volatility for these two upcoming events? back to school is huge for the retailers. it won't be taken into account until early september. that's going to incorporate all of august. i want to look for a situation where august is really implying a decent, a big move, if you will, compared to september. i think september is where you're going to see bigger names in the retailers. >> what are you playing? >> abercrombie and fitch, i'm selling august volatility because it's trading at a premium to where september volatility is. i'm looking specifically at the 29 strike calls. it's bidding 1.25 and i'm going to finance buying the september 29 call at 1.80. paying 55 cents for the call spread. here's the risk. something comes out in august with their earning or the same store sales and the stock rockets higher. i've basically looking for that move to be more in september. the other issue is it goats down clearly. >> one of the rea