mr. dan nathan is joining us. you came off the slopes? >> hi, people, happy new year.et me weigh in quickly on this apple situation. notice what i have in my left ear here, these air pods. here's the thing. the next identifiable catalyst for apple is going to be their fiscal q-1 earnings. in the first year in declines in ten years. the stock is discounting some potential good news as we look into early 2017. that's a difficult setup. back to the air pods, this is apple's second foray into wearables. this is a winner. if this is what people are investing in for innovation, they are on to something. it's not going to be in that christmas quarter or move the needle at any point in the first half. so you have to think about what's going to happen on that january call. the trade very simply to me is you want to replace stock. you walk in january 3rd, you have this 10% gain on the year, if you're long stock and you're worried about the guidance, and i think the guidance is going to be poor, then you may want to replace stock with a call. when the stock was trading at 116 tod