Zeev, Do you mean to say that when you normalize QQQ activity, that you use 5%Total equity calls or just use a standard 25k; for ex. to day Total equity call were 872, so 872*.05= 44 instead of 25, so vepc today is 347-35+44/872=.41 or about where the calculation without the qqq is today? Is this right , or do you just use 25 as a standard? thanks,