they won't grow a lot more, but you are taking a look at something that got stretche max. they won't grow a lot more, but you are taking a look at something that got stretches st. they won't grow a lot more, but you are taking a look at something that got stretchex st. they won't grow a lot more, but you are taking a look at something tht t rhed. >> that's what's interesting about it. the fundamentals come together. >> the options market comes together has well and one of the other things about that chart is it moved with small increments and had low volatility. the price is also very low. to make a bearish bet on an out right basis, i was looking at july and you can pay about $1 for those. this is a situation where even if the market started to get more volatile and the stock flat lined, you won't see that much decay. that will lift the price generally. this is a way to risk relatively little. you give yourself a decent amount of time to play out. >> what do you think of the trade. >> where we are, the s&p is up and some of the stocks that have outperformed the market and

max. it sells me that michael might be a little away from the rest of the people we're talking to. >> jim, you have 3400 at least planes on the backlog stretchingare starting to arise in terms of whether or not that backlog holds up. you have a number of airlines, and people are saying, do we expect these orders to come through? do you have some holds that potentially means it's not 3,400 when it's all said and done, but substantially less? >> actually, phil, the backlog is over 4,000 airplanes right now, and over $300 billion. yeah, we don't know what's going to happen to the economy. when you have the economy soften, you have people that defer orders, push them to the right. we build our skyline, assuming some of that will happen, but a backlog of seven years is too long. i would like to burn the backlog down. if things soften a bit, it will give us a chance to get the backlog down to a more manageable left. >> jim al baugh, thank you. when they came out it with it people said it's a great plea, but i'm not sure it has extended life. it's been a solid deliverer. >> and it comes on a week where the 747-8 is going to some good vip customers. i