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We are adding the following MCM Aug recommendations to Portfolio #1.

We are recommending put credit spreads on KORS and MSI, which will complete an iron condor on BOTH of those positions.

Both these issues have moved into the money on the call side.

so let's see if we can get a little premium and afford us a little more staying power with the KORS and MSI call positions.

We are recommending the following specific credit spreads in the above issues.

put Credit spread = Bullish spread spread.

These two spreads should require $1,000 more additional margin requirement to be placed on these spreads, with the right broker- dealer, as the MSI put spread will be 2 points apart while the call side is only 1 point apart, which is the reason for the additional margin

We are adding the following MCM Aug recommendations to Portfolio #2.

We are recommending put credit spreads on IBM and TM, The put spread on IBM will complete an iron condor together with the existing call spread, while the TM put spread will create an iron butterfly together with existing call spread on TM .

Neither of these position will require any margin to put on these positions.

We are recommending the following specific credit spreads in the above issues.

put Credit spread = Bullish spread spread.