We are recommending credit spreads in the following issues:
AXP - American Express Company is primarily engaged in the business of providing travel related services, financial advisory services and international banking services throughout the world. American Express Travel Related Services Company, Inc. provides a variety of products and services, including, global network services, the American Express Card, the Optima Card and other consumer and corporate lending products, stored value products, and several others.
JPM - J.P. Morgan Chase & Co. is a leading global financial services firm. The firm is a leader in investment banking, asset management, private banking, private equity, custody and transaction services and retail and middle market financial services. A component of the Dow Jones Industrial Average, JPMorgan Chase is headquartered in New York and serves more than 30 million consumer customers and the world's most prominent corporate, institutional and government clients.
LULU - Lululemon athletica, inc. engages in the design, manufacture, and distribution of healthy lifestyle inspired athletic apparel. It offers a line of apparel and accessories, including fitness pants, shorts, tops, and jackets designed for athletic pursuits, such as yoga, dance, running, and general fitness. The company also offers a line of casual, organic products made from recyclable materials, such as soy, bamboo, and vitasea. lululemon athletica sells its products through a chain of corporate-owned and operated retail stores, independent franchises, and a network of wholesale accounts primarily in Canada, the United States, Japan, and Australia. As of July 1, 2007, it operated 38 stores in Canada, 17 stores in the United States, 1 store in Australia, and 3 joint-venture controlled stores in Japan. The company was founded in 1998. It was formerly known as Lulu Holding, Inc. and changed its name to Lululemon Corp. in March 2007. Further, the company changed its name to lululemon athletica, inc. in June 2007. Lululemon athletica is based in Vancouver, Canada.
We are recommending the following specific credit spreads
Call Credit Spreads ( Bearish Credit Spreads )
MFX^ $43.50 (20 contracts)
AXP $43.61 (20 contracts)
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