PORTFOLIO #2 ACTION FOR TOMORROW.

We are going to exit our CAT April 105/100 put spread tomorrow.

The NET DEBIT to close as of tonight was $1.92 - $2.05.

We will look to close the position for sure, but we will try and split the bid/ask tomorrow for $2.00 NET DEBT.

If we get some improved over night futures and we open higher, hopefully we can get a little better fill to close out the position.

We are looking to close CAT April 105/100 put spread tomorrow.

Additionally, we will be adding call positions to our following issues to complete iron condors on IBM, BIDU and CMI tomorrow.

Please see below for the following call credit spreads we are recommending.

These fills will complete iron condors on IBM , CMI, and BIDU.

These spreads will require no additional margin.

Finally, we are adding one new position to our April Portfolio #2:

We are recommending a credit spread in the following issue.

GOLD - Randgold Resources Limited, together with its subsidiaries, engages in the exploration and mining of gold mines in west and central Africa. It holds 80% controlling interest in the Loulo mine located in western Mali; Morila mine in Mali; 89% controlling interest in the Tongon mine located in the neighboring country of Côte d’Ivoire; 83.25% controlling interest in the Massawa project in Senegal; and 45% interest in the Kibali project, which is located in the Democratic Republic of Congo, as well as a gold deposit at Gounkoto in Mali. The company was founded in 1995 and is based in St. Helier, the Channel Islands.

We are recommending the follow specific credit spread.

call credit spread = bearish call spread.

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ACTION FOR TOMORROW FOR PORTFOLIO #1.

We are recommending the following recommendations to the April Portfolio #1.

We are recommending credit spreads in the following issues.

WPRT - Westport Innovations Inc., together with its subsidiaries, engages in the provision of low-emission engine and fuel system technologies that enable light, medium, heavy-duty, and high-horsepower petroleum-based fuel engines to use natural gas and alternative fuels. The company designs, produces, and sells alternative fuel engines, systems, and components for automotive and industrial markets. It also designs, engineers, and produces natural gas engines for the urban buses, refuse collection trucks, and conventional trucks and tractors, as well as for specialty vehicles. In addition, the company offers 15 litre natural gas engines for the heavy-duty trucking market, as well as is involved in the engineering, design, and marketing of natural gas-enabling technology for the heavy-duty diesel engine and truck market. Westport Innovations Inc. was founded in 1995 and is headquartered in Vancouver, Canada.

We are recommending the following specific spreads.

call credit spread = bearish call spread.

Additionally, we are recommending call credit spreads on the following existing issues on SLW and IBN to complete iron condors on these positions.

These spreads should not require any additional margin to place.

We are recommending the following call spreads to complete iron condors on SLW and IBN.