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NEW JUNE RECOMMENDATION 5-24-05

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Please straight cancel the current OPEN EXP spread: (below)

BUY EXP-FM EXP JUN $65.00 CALL DEBIT = $0.35
SELL EXP-FL EXP JUN $60.00 CALL CREDIT= $0.75
NET CREDIT = $0.40

and replace with the following:

We are recommending the following credit spread to our JUNE RECOMMENDED LIST

We are recommending a credit spread on the following issue:


EXP - Eagle Materials, Inc. engages in the manufacture and sale of basic building materials used primarily in commercial and residential construction, and public construction projects in the United States. The company engages in the mining of gypsum and limestone; manufacture and sale of gypsum wallboard; and in the manufacture, production, distribution, and sale of portland cement


We are recommending the following specific credit spread

@ Please note if you receive an invalid trade message , please ignore that message if it should appear, it may still be a bug in our beta set up for optionxpress subcribers.

Call credit spread:

EXP $49.42

BUY EXP-FL EXP JUN $60.00 CALL DEBIT = $0.40
SELL EXP-FK EXP JUN $55.00 CALL CREDIT= $0.90
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: $52.21


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:
EXP-FK STOP LIMIT EXIT >> = $2.00

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



Orders to purchase or sell securities through your account with optionsXpress, Inc., an independent registered broker-dealer ("optionsXpress"), shall be accepted and executed solely by optionsXpress, subject to the terms and conditions of your individual account agreement with optionsXpress. optionsXpress makes no investment recommendations and does not provide financial, tax or legal advice. All inquiries regarding your optionsXpress account, including any disputes or trading errors, should be directed to optionsXpress. Option Investor, Inc is not a registered broker-dealer and is not in the business of transacting trades. Furthermore, Option Investor, Inc is not a registered investment adviser, does not provide financial, tax or legal advice, and is not recommending that you buy or sell any particular security. optionsXpress has made its services available to you via Option Investor, Inc as a courtesy. optionsXpress and Option Investor, Inc are separate and unrelated entities. optionsXpress is not affiliated with and does not endorse or warrant the products or services of Option Investor, Inc.

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