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CORRECTION TO DESCRIPTION DNA is correct option not GM

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CORRECTION TO COMPANY DESCRIPTION DNA option is correct, company description is for GENENTECH. ALL options symbols ARE are correct

A description for GM was accidently added instead of the GENENTECH description
for DNA. The Genentech option is correct. see correction below: This is why I always use the option ticker symbol

GENETECH should be the correct company as the option ticker states not GM

The correct description for the DNA spread is below: GM was described by accident
subcribers who did not put in order should be able to be filled at better price than the target

DNA - Genentech, Inc. engages in the discovery, development, manufacture, and commercialization of biotherapeutics for various medical needs. The company provides various products for the treatment of cancer, allergic asthma, plaque psoriasis, hormone deficiency, heart attack, blood clots in the brain and lungs, and cystic fibrosis. Its product portfolio includes Rituxan, an anti-CD20 antibody; Avastin, an anti-VEGF humanized antibody; Herceptin, a humanized anti-HER2 antibody; Tarceva, a small molecule inhibitor of the tyrosine kinase activity; Xolair, a humanized anti-IgE antibody; Nutropin and Nutropin AQ, which are growth hormone products; Activase, a tissue plasminogen activator; TNKase for the treatment of acute myocardial infarction; and Pulmozyme, an inhalation solution of deoxyribonuclease I.


We are recommending the following specific spreads:

DNA $78.70

BUY DWN-FR DNA JUN $90.00 CALL DEBIT = $0.30
SELL DWN-FQ DNA JUN $85.00 CALL CREDIT= $0.80
NET CREDIT = $0.50
INITIAL "NET- CREDIT TARGET= $0.50 or $50.00
POTENTIAL PROFIT (x 10 CONTRACTS @ $0.50 = $500.00
MARGIN REQUIRE. (x 10 CONTRACTS $4,500.00
RETURN ON INVESTMENT= 11.11%

EXIT STRATEGY = 1. WATCH LIST 2. MAXIMUM LOSS SPREAD PRICE DIFFERENCE
1. STOCK WILL BE PLACED ON WATCH LIST IF STOCK PRICE RISES TO: $81.85

MAXIMUM EXPOSURE is: $5.00 Which is the difference between the strike prices


2. IF THE DIFFERENCE BETWEEN THE SPREAD STRIKE PRICES IS 5 points or more the STOP LIMIT is below
will be placed on the SHORT STRIKE PRICE:
DWN-FQ STOP LIMIT EXIT >> = $2.50
If and when the STOP LIMIT IS EXECUTED - A contingency order should be in place to than SELL the LONG SIDE
of the Spread and close the position with a Market Order if and when the SHORT side needs to be STOPPED OUT


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