Disappointing that's for sure but not as if we haven't been in...

Disappointing that's for sure but not as if we haven't been in this situation before. We've been oscillating up and down through the 50c axis all year. No reason to think that the current dip won't be followed by another peak.

Selling heads to buy options probably has a small impact, even if it is just the expectation of selling that effects sentiment.