We are adding four (4) positions to our JUNE recommended list
We are recommending two (2) call spreads and two (2) put spreads
We are recommending credit spreads on the following issues:
OSTK - Overstock.com, Inc. operates as an online retailer primarily in the United States. It offers bed-and-bath goods, furniture, kitchenware, watches, jewelry, computers and electronics, sporting goods, apparel, and designer accessories. The Company also sells books, magazines, CDs, DVDs, videocassettes, and video games. In addition, it provides air, hotel, and car reservation services, as well as cruise and vacation packages.
MRVL - Marvell Technology Group, Ltd. provides semiconductors of analog, mixed-signal, digital signal processing, and embedded microprocessor integrated circuits worldwide. Its product portfolio comprises switching, transceiver, wireless, PC connectivity, gateways, communications controller, storage, and power management solutions that serve various applications used in business enterprise, consumer electronics, and emerging markets.
LEND - Accredited Home Lenders Holding Co. and its subsidiaries operate as a mortgage banking company in the United States and Canada. The company originates, finances, securitizes, services, and sells nonprime mortgage loans secured by residential real estate. It originates loans through independent mortgage brokers and direct sales force. Its wholesale channel originates nonprime mortgage loans through relationships with businesses that broker mortgage loans, including small mortgage bankers, local banks, and businesses that only broker mortgage loans.
BHI - Baker Hughes Incorporated provides wellbore-related products and services to oil and natural gas industry worldwide. The company operates in seven divisions: Baker Hughes Drilling Fluids (BHDF), Hughes Christensen, INTEQ, Baker Atlas, Baker Oil Tools (BOT), Baker Petrolite, and Centrilift. BHDF division provides drilling fluids, completion fluids, and fluids environmental services; and equipment and services to separate the drill cuttings from the drilling fluids and re-inject the processed cuttings into prepared well, or to transport and dispose of the cuttings.
We are recommending the following specific credit spreads
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