We are recommending the following credit spreads to add to our August 2012 expiration cycle.

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

LOW - Lowe's Companies Inc. is a retailer of home improvement products in the world, with specific emphasis on retail do-it-yourself and commercial business customers. Lowe's specializes in offering products and services for home improvement, home decor, home maintenance, home repair and remodeling and maintenance of commercial buildings. Lowe's principal customer groups are do-it-yourself retail customers and commercial business customers.

MSI - Motorola Solutions is engaged in providing communication equipments, software and services. It focuses on providing public safety communications ranging from infrastructure to applications and devices. The Company operates its business through two divisions: Government and Enterprise. The Enterprise segment is focused on mobile computing systems, advance data capture and wireless networks. The Government segment makes radio systems, radio devices and control centers for governments around the world. Products offered by the Company include devices, networks, systems, accessories, software and services.

We are recommending the following specific credit spreads.

Call credit spreads = bearish call spreads.

We are recommending credit spreads for Portfolio #2 in the following issues.

CHRW - C.H. Robinson Worldwide, Inc., is one of the largest third-party logistics companies in North America. C.H. Robinson is a global provider of multimodal transportation services and logistics solutions, operating through a network of offices in North America, South America and Europe. C.H. Robinson maintains the single largest network of motor carrier capacity in North America through contracts with motor carriers, and is one of the largest third-party providers of intermodal services in the United States.

We are recommending the following specific credit spreads.

Call credit spreads = bearish call spreads.

MCM September 2012 recommendations will be starting next weekend (August 11-12), so we are going to try to limit August plays to a minimum.