john: kellen was a good chief of -- i'm a but when i read the moment, from that very and you that thesead no merit. emily: how aware were you of this situation, how aware where you that she was not happy? not get intod rather that passed. i wish her well. emily: she is now the ceo of reddit, she is making bold moves. john: there is a difference in being an operator and an investor, i think that she can be a good ceo. but to be a successful investing partner is a different job. emily: have you talked to her? john: only briefly in the trial. emily: what did he say? john: i said hello and how is your family? she said ok. that is it. emily: how did he decide to settle? john: it just wasn't possible. emily: she is proceeding with an appeal, she is asking for money to walk away, not -- why not do that? john: it is not possible. beth: we haven't tried. emily: how hard did you track? -- try. are not whatails matters. it is not possible at this time. emily: do you feel if you pay her $2.7 million it is an admission of guilt? john: i'm sorry that this happened to ellen and to us. , theis a civil

options anding in bring in kellen kelly. chief investment capital at recon capital partners. let's get straight to your trade since we have limited time. health care is the group you are looking at. we have seen it is very busy out of late because of the sort of speculative consolidation. it has done quite well. date, the sector is up 11 and a half percent and it incorporates some biotech, pharma, as well as health care insurers that we are talking about. yesterday, a person went in and bought 5000 contracts, 75,000 in january, actually they bought them. this is at an all-time high. it is pretty interesting, they paid about four dollars and $.10. the best way to play it is to do a risk reversal so you can go $69 put,nuary, sell a take in that premium and then by the $75 call that they bought as well and it cost you about two dollars and $.60 as opposed to four dollars and $.10 that they paid. is already call trading about that level. it is not as though you are a raging bull and this run is going to continue, it is just that

. >> thank youcy sis tant secretary for that kellen yof view. as peter said, for all of your amazing forward thinking work leading our effort obviously with brazil but across the entire hemisphere. your remarks just now show yet again while the united states is so lucky to have you as our assistant secretary of state and why you'll be sorely missed when you go to mexico stip. i'm the deputy director of the adrian arsht latin america center. and i'm thrill we have three other leaders with us to give awe preview not only of president rousseff's visit but really what should be part of the agenda. as peter said, we're incredibly bullish on brazil and the many possibilities that this particular moment brings for advancing the bilateral agenda. peter briefly mentioned some of the other panelists. you have everyone's full bios. i'm sure you don't want me to read them. but to roberta is bologna. he's the deputy chief of mission. and he brings over 20 years of experience. and working every from al jeers. in addition to that a fountain of knowledge on the