We are starting the May recommendations off with the following credit spreads.

We are recommending credit spreads in the following issues.

TEX - Terex Corporation manufactures machinery products, equipments, and related replacement parts and components for the construction, infrastructure, quarrying, shipping, transportation, power, and energy industries. The company?s Aerial Work Platforms segment provides aerial work platform equipment, telehandlers, light towers, and utility equipment. Its products include material lifts, portable aerial work platforms, trailer-mounted articulating booms, self-propelled articulating and telescopic booms, scissor lifts, telehandlers, truck-mounted digger derricks, and aerial devices and cable placers Its Construction segment offers compact construction equipment, such as loader backhoes, compaction equipment, mini and midi excavators, site dumpers, compact track loaders, skid steer loaders, and wheel loaders; and landfill compactors and bridge inspection equipment, and roadbuilding equipment comprising asphalt and concrete equipment, including pavers, transfer devices, plants, mixers, reclaimers/stabilizers, placers, and cold planers.

MON - Monsanto is a leading global provider of technology-based solutions and agricultural products for growers and downstream customers, such as grain processors and consumers, in the agricultural markets. The combination of its herbicides, seeds and related genetic trait products provides growers with integrated solutions to more efficiently and cost effectively produce crops at higher yields, while controlling weeds, insects and diseases. Its base business, led by Roundup and coupled with the latest tools in biotechnology, genomics and molecular breeding.

RIMM - RESEARCH IN MOTION is a world leader in the mobile communications market and has a history of developing breakthrough wireless solutions. RIM's portfolio of award-winning products, services and embedded technologies are used by thousands of organizations around the world and include the BlackBerry wireless platform, the RIM Wireless Handheld product line, software development tools, radio-modems and software/hardware licensing agreements.

TIF - Tiffany & Co. operates jewelry and specialty retail stores and manufactures products through its subsidiary corporations. Its principal subsidiary is Tiffany and Company. The Company operates TIFFANY & CO. retail stores and boutiques in the Americas, Asia-Pacific and Europe and engages in direct selling through Internet, catalog and business gift operations.

SLW - Silver Wheaton is the only mining company with 100% of its revenue from silver production.

We are recommending the following specific credit spreads.

Call Credit spreads = Bearish call spreads.

Put Credit spreads = Bullish put spreads.

Remember: April options come off the board this Friday and we will follow those April positions until the time that they expire.

In the meantime we will monitor the May positions when executed and keep you appraised if we need to take any action before we officially start posting and following the May recommendations, which will begin on the this coming Friday, April 15th.