maintaining the ricochet, if you think about oih is the beta trade, so from the low, xle is up eight oih, the drirlsble, 16, and credit caude oil up as exped is oih something short or in a way more dynamic play? >> that's a question, mike >> sorry i would say -- busy trying to erase these -- >> what do you think of oih here as a fade, as well meaning it'sa t the higher beta energy company - >> that also goes to dan's point. when we look at xle and crude and how those two track together, they're very, very closely correlated in terms of the percentage moves we're likely to see. they're going to be similar. one of the things you could do is also look to make a bearish bet in oih if you were going do that, using a put spread might be a better way to do. it for one thing, the higher beta names tend to be more levered. more levered names move more violently when the fundamental drivers cause them to. so that's a circumstance where you probably look to buy put spreads. also like xle and also like crude itself, the options are going to be expensive there. spreads are going to be the way to make that trade