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New August Positions

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Once again summer is just about in full swing and based upon user feedback, we are going to make a few changes in how we present our data to make it even easier then ever to follow our cash generating machine. The goal of making $2,000 in cash per month using $35,000 in margin requirements has not changed.

Rather then dole out the credit spreads one by one, we think it will be easier to implement by grouping the trades together. Here are 10 new official portfolio positions for the August expiration. These were identified over the weekend and the credit targets might not be attainable on Tuesday. If that's the case, just move on to the next one and we will identify some replacements for the non-tradables.

We've got 5 Bear Credit Spreads and 5 Bull Put Spreads to kick things off:

Call Credit Spreads

International Business Machines IBM: NYSE 74.87

Buy IBMHQ 0.25 Debit

Sell IBMHP 0.75 Credit Net Credit 0.50 = $50

Margin requirement: $500 per contract - credit of $450

Lexmark LXK: NYSE 64.30

Buy LXKHO 0.15 Debit

Sell LXKHN 0.65 Credit Net Credit 0.50 = $50

Margin requirement: $500 per contract - credit of $450

Amazon AMZN: NASDAQ 32.91

Buy ZQNHV 0.05 Debit

Sell ZQNHG 0.85 Credit Net Credit 0.80 = $80

Margin requirement: $500 per contract - credit of $420

U S G CP USG: NYSE 41.14

Buy USGHK 0.15 Debit

Sell USHHR 0.55 Credit Net Credit 0.40 = $40

Margin requirement: $500 per contract - credit $460



Put Credit Spreads

Occidental Petroleum OXY: NYSE 79.66

Buy OXYTM 0.20 Debit

Sell OXYTN 0.45 Credit Net Credit 0.25 = $25

Margin requirement: $500 per contract - credit of $475

General Motors GM: NYSE 34.65

Buy GMTE 0.20 Debit

Sell GMTF 0.55 Credit Net Credit 0.35 = $35

Margin requirement: $500 per contract - credit of $465

Broadcom BRCM: NASDAQ 36.10

Buy RQCTE 0.10 Debit

Sell RQCTZ 0.65 Credit Net Credit 0.55 = $55

Margin requirement: $500 per contract - credit of $445

We will follow these trades and advisor you of any adjustments that have to be made in any of the positions do to unexpected changes in market conditions.

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