No, sorry, how does this work exactly? I forget exactly.

Stock is at 100.

Yeah, yeah.

And today it's July 7th and you wanna buy the December 20th.

So you have till December.

It's a stock with very low volatility, let's say, and you buy the put at 10, meaning if it goes below 90, you're gonna break even.

On that date, by the way, depending on what it trades at between now and then.

You've really done your searching for information that you don't even know ahead of time about.

What do you think about the tariff policy?

Well...

What I find almost unbelievable is the discussion that as if nobody, nobody, even economists that work for Trump ever took an economics course, a macroeconomic course, not one, not one in high school, have no understanding what's going on about who would pay the tariff.

For example, pick any product.

First of all, who actually pays is the person importing it.

That doesn't mean he pays all of it.

But the fact that no one seems to understand that some of it, if it comes in from China, if it comes in from Germany, if it's a Porsche car, some of it, the person will have to lower the price on certain products.

Do you see that as the reality right now?