Initial May recommendations

We are going to start with a couple of May recommendations a week earlier than usual.

We are recommending credit spreads in the following issues.

UIS - Unisys Corporation operates as an information technology (IT) company worldwide. The company operates in two segments, Services and Technology. The Services segment provides outsourcing services, including management of customersÂ’ data centers, computer servers, and end-user computing environments, as well as specific business processes, such as check processing, mortgage administration, citizen registry, and cargo management; systems integration and consulting services, such as assessing the security and cost effectiveness of clients IT systems and enable them design, integrate, and modernize applications to achieve their business goals

ACI - Arch Coal, Inc. engages in the production and sale of steam and metallurgical coal from surface and underground mines to power plants, steel mills, and industrial facilities in the United States. As of December 31, 2009, the company operated 19 active mines; and owned or controlled approximately 3.9 billion tons of estimated proven and probable recoverable reserves. It owned or controlled primarily through long-term leases, approximately 100,100 acres of coal land in West Virginia; 107,800 acres of coal land in Wyoming; 98,900 acres of coal land in Illinois; 72,100 acres of coal land in Utah; 46,200 acres of coal land in Kentucky; 21,800 acres of coal land in New Mexico; and 18,500 acres of coal land in Colorado.

We are recommending the following specific credit spreads.
call credit spreads = bearish call spreads.