We are recommending the following credit spread(s) to the MCM July 2012 expiration cycle.

We usually limit the Portfolio #2 recommendations to five (5) in number, but we are adding one addition one this month.

We are recommending the credit spread for Portfolio #2 in the following issue.

LULU - LULULEMON ATHLETICA is a yoga inspired athletic apparel company that creates components for people to live longer, healthier and more fun lives. By producing products that help keep people active and stress free, They believes that their world will be a better place. Setting the bar in technical fabrics and functional designs, They works with yogis and athletes in local communities for continuous research and product feedback.

We are recommending the following specific credit spreads.

Call credit spreads = bearish call spreads.

We are also recommending credit spreads for Portfolio #1in the following issues.

FIO - Fusion-io, Inc. engages in the development, marketing, and sale of storage memory platforms for data decentralization in the United States. Its platforms enhance the processing capabilities within a datacenter by relocating process-critical or active data from centralized storage to the server where it is being processed. The companyÂ’s storage memory platform includes ioDrive and ioCache products; directCache data-tiering software; ioTurbine virtualization software; and ioSphere platform management software. It sells its products through its direct sales force, original equipment manufacturers, resellers, and other channel partners in the United States, the United Kingdom, Germany, Japan, Hong Kong, Singapore, Korea, Australia, Canada, France, China, Italy, Denmark, and the Netherlands. The company was formerly known as Fusion Multisystems, Inc and changed its name to Fusion-io, Inc. in June 2010. Fusion-io, Inc. was founded in 2005 and is headquartered in Salt Lake City, Utah.

GME - GameStop Corp. operates as a video game retailer. It sells new and used video game hardware; physical and digital video game software; and accessories and other products that primarily include controllers, memory cards, and other add-ons, as well as strategy guides, magazines, and trading cards. The company also offers personal computer (PC) entertainment and other software across various genres, including sports, action, strategy, adventure/role playing, and simulation, as well as products that relate to the digital category comprising network point cards, prepaid digital and online timecards, and digitally downloadable software. GameStop Corp. sells its products primarily through its GameStop, EB Games, and Micromania stores, as well as through its electronic commerce Websites, including gamestop.com, ebgames.com.au, gamestop.ca, gamestop.it, gamestop.es, gamestop.ie, gamestop.de, and micromania.fr. As of March 22, 2012, its retail network and family of brands included 6,683 company-operated stores in 17 countries worldwide.

We are recommending the following specific credit spreads.

Call credit spreads = bearish call spreads.