I have a feeling, along with a lot of others that Monday morning is going to be a little rough on the opening.
I was going to hold off with any new spreads, but the few that I was going to recommend I am going to put out
anyway, the worse that could happen with them is that they do not get filled.
Hence, We are adding the following spreads to our APRIL recommendationed lists.
We are recommending spreads in the following issues.
NEM - Newmont Mining Corporation, together with its subsidiaries, engages in the acquisition, exploration, and production of gold and copper properties. The company?s assets or operations are located in the United States, Australia, Peru, Indonesia, Ghana, New Zealand, and Mexico. As of December 31, 2011, it had proven and probable gold reserves of approximately 98.8 million ounces and an aggregate land position of approximately 31,500 square miles. The company was founded in 1916 and is headquartered in Greenwood Village, Colorado.
FSLR - First Solar, Inc. engages in the design, manufacture, and sale of solar modules using a thin-film semiconductor technology in the United States and internationally. The company is also involved in the design, construction, and sale of photovoltaic solar power systems. Its solar modules employ a thin layer of semiconductor material to convert sunlight into electricity. The company?s integrated solar power systems activities include project development; engineering, procurement, and construction services; operating and maintenance services; and project finance. First Solar, Inc. sells its solar modules to solar power system project developers, system integrators, and operators; investor owned utilities; independent power developers and producers, commercial and industrial companies, and other system owners. The company was formerly known as First Solar Holdings, Inc. and changed its name to First Solar, Inc. in 2006. First Solar, Inc. was founded in 1999 and is headquartered in Tempe, Arizona.
We are recommending the following specific credit spreads for Portfolio #1.
Call credit spreads = bearish call spreads.
If are also adding one position to our Portfolio #2 in the form of a put credit spread on GOLD, which
will complete an iron condor with our existing GOLD call spread
We are recommending the following specific credit spread to complete an iron condor on GOLD in Portfolio #2
Put credit spreads = bullish put spread.
We will be beginning the recommendations for the May cycle starting next weekend ( April 14-15th).