it's a major downtrend very uniform the countertrend move and the rick shay.nd it all works to the point where you have the final pew. >> mike, you like this trade. >> yeah with, i do first of all we do have relatively high options premiums in here as a result of the fact that first of all we have seen 20% decline if fxi already the other thing is this is kamgtsist driven that's what dan is looking at into the election basically if the elections come out and it looks like the trade disputes basically could be pro longed that's a situation that's definitely going to be weak for chinese stocks and franklyfare the emerging market more generally which depends heavily on it. on the other hand if it looks like they are going to have to cave in on this, then i think you could get a pop. and that's one of the reasons you use option f2 you press a short after the declines we have seen. >> mike just made a good point with about options premiums preponderate etf is moving around not only the implied volatility of options are expensive but relatively fair how much it's mo