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SEPTEMBER ADDITION RECOMMENDATIONS - 4 NEW POSITIONS

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4 NEW SEPTEMBER CREDIT SPREADS

The Following position are being recommended to be added to our list of credit spreads bringing our SEPTEMBER total position to 10

1 Additional Call spread

3 Additional Put spreads

OXY - Occidental Petroleum Corporation primarily engages in the exploration for, development, production, and marketing of crude oil and natural gas in the United States, Latin America, and Middle East. As of December 31, 2004, the company had proved reserves of 2,489 million barrels of oil and gas equivalent.

MSTR-MicroStrategy Incorporated provides business intelligence software that enables companies to analyze the raw data stored across their enterprise to identify the trends and insights. The company offers an integrated business intelligence platform known as MicroStrategy 8, which enables organizations to consolidate business intelligence applications onto a single platform for reporting, analysis, and delivery applications

AGN - Allergan, Inc. engages in the development and commercialization of pharmaceutical products for the ophthalmic, neurological, dermatological, and other markets. It engages in pharmaceutical research related to disease areas, such as glaucoma, retinal disease, dry eye, psoriasis, acne, and movement

AAPL - Apple Computer, Inc. engages in the design, manufacture, and marketing of personal computers and related software, services, peripherals, and networking solutions. It also designs, develops, and markets a line of portable digital music players along with related accessories and services, including the online distribution of third-party music and audio books.



CALL SPREAD-1

OXY $78.40

BUY OXY-IR OXY SEP 90 CALL DEBIT = $0.15
SELL OXY-IQ OXY SEP 85 CALL CREDIT= $0.50
NET CREDIT = $0.35
INITIAL "NET- CREDIT TARGET= $0.35 or $35.00
POTENTIAL PROFIT (x 10 CONTRACTS @ $0.35 = $350.00
MARGIN REQUIRE. (x 10 CONTRACTS $4,650.00
RETURN ON INVESTMENT= 7.53%
EXIT STRATEGY STOP $0.80 DEBIT


PUT SPREADS -3

MSTR $76.90

SELL EOU-UM MSTR SEP 65 PUT CREDIT = $0.90
BUY EOU-UL MSTR SEP 60 PUT DEBIT = $0.40
NET CREDIT = $0.50
INITIAL "NET- CREDIT TARGET= $0.50 or $50.00
POTENTIAL PROFIT (x 10 CONTRACTS @ $0.50 = $500.00
MARGIN REQ. (x 10 CONTRACTS $4,500.00
RETURN ON INVESTMENT= 11.11%
EXIT STRATEGY STOP $1.10 DEBIT


AGN 91.00

SELL AGN-UQ AGN SEP 85 PUT CREDIT= $0.55
BUY AGN-UP AGN SEP 80 PUT DEBIT = $0.20
NET CREDIT = $0.35
INITIAL "NET- CREDIT TARGET= $0.35 or $35.00
POTENTIAL PROFIT (x 10 CONTRACTS @ $0.35 = $350.00
MARGIN REQ. (x 10 CONTRACTS $4,650.00
RETURN ON INVESTMENT= 7.53%
EXIT STRATEGY STOP $0.80 DEBIT


AAPL $46.00

SELL QAA-UV AAPL SEP 42.5 PUT CREDIT = $0.60
BUY AAQ-UH AAPL SEP 40 PUT DEBIT = $0.20
NET CREDIT = $0.40
INITIAL "NET- CREDIT TARGET= $0.40 or $40.00
POTENTIAL PROFIT (x 10 CONTRACTS @ $0.40 = $400.00
MARGIN REQ. (x 10 CONTRACTS $2,900.00
RETURN ON INVESTMENT= 13.79%
EXIT STRATEGY STOP $0.90 DEBIT

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