they went pairraboliparabolic. you know what it reminds me of? apple. the way it worked up. it was defensive, defensive, defensive. then last year at this time it went straight up. that was something that could continue to go. apple's a different story. >> you're saying a name like t. and j. is like apple? >> i'm saying it starts to act like it. it makes me nervous. investors should take part. we're going to talk right here. here's a stock that's expected to grow earnings. it's trading in the high teens. at year highs it's getting a little over done. >> johnson & johnson is what they're talking about. >> trader talk. >> dan's obviously bearish here. he's buying a push. you want the stock to fall below the strike that you bought for more than the cost of the trade. that's where you see profits. above that level you will see losses. it's that simple. dan walk us through the trade. >> i'm not particularly bearish on johnson & johnson, but when you look at its valuation relative to its peer group, it's getting very, very extended based on historical levels there. to me, what i l