We are recommending the following credit spreads to start the September expiration cycle.

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

DECK - Deckers Outdoor Corporation engages in the design, manufacture, and marketing of footwear and accessories for outdoor activities and casual lifestyle use for men, women, and children. The company offers luxury footwear, handbags, apparel, and cold weather accessories under the UGG brand name; open and closed-toe outdoor lifestyle footwear, multi-sport shoes, light hiking shoes, amphibious footwear, and rugged outdoor travel shoes under the Teva brand name; action sport footwear under the Sanuk brand name; high-end casual footwear for men and women under the TSUBO brand name; outdoor performance and lifestyle footwear under the Ahnu brand name; and work footwear under the MOZO brand name. The company sells its products primarily to specialty retailers, department stores, outdoor retailers, sporting goods retailers, shoe stores, and online retailers. Deckers Outdoor Corporation also sells its products directly to end-user consumers through its Websites, call centers, retail concept stores, and retail outlet stores, as well as through retailers in the United States.

INFA - Informatica Corporation provides enterprise data integration and data quality software and services worldwide. The company offers PowerCenter, which integrates data virtually from business systems in various formats and delivers that data throughout the enterprise; PowerExchange that enables information technology organizations to access the sources of enterprise data without having to develop custom data access programs; and Data Services for finding, integrating, and managing data in the enterprise. It also provides Data Quality, which delivers data quality to stakeholders, projects, and data domains; Master Data Management that offers consolidated business-critical data; and B2B Data Exchange software for multi-enterprise data integration. In addition, the company offers Application Information Lifecycle Management products to manage various phases of the data lifecycle; Data Replication, an enterprise software for real-time database data movement and heterogeneous data integration; Complex Event Processing to detect, correlate, analyze, and respond to data-driven events; Ultra Messaging products, which enables ultralow latency messaging, and systems that reduce hardware infrastructure costs; Cloud Data Integration; and Cloud Services that deliver purpose-built data integration cloud applications.

MCP - Molycorp, Inc., a development stage company, engages in the production and sale of rare earth oxides in the western hemisphere. Its rare earth products include oxides, metals, alloys, and magnets for various inputs in existing and emerging applications comprising clean energy technologies, multiple high-tech uses, defense applications, and water treatment technology. The company primarily owns and operates the Molycorp Mountain Pass facility, an open-pit mine containing rare earth deposits outside of China located in San Bernardino County, California. It also intends to produce and sell rare earth oxides and rare metals in Europe; and rare earth alloys in the United States. Molycorp, Inc. is headquartered in Greenwood Village, Colorado.

We are recommending the following specific credit spreads.

Call credit spreads = bearish call spreads.

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

MNST - Monster Beverage Corporation, through its subsidiaries, develops, markets, sells, and distributes alternative beverage category beverages in the United States and internationally. The company?s Direct Store Delivery segment offers carbonated energy drinks, non-carbonated dairy based coffee plus energy drinks, carbonated energy drinks containing nitrous oxide, non-carbonated dairy based espresso plus energy drinks, non-carbonated rehydration energy drinks, energy supplements, and ready-to-drink iced teas. This segment sells its products through a distributor network. Monster Beverage Corporation?s Warehouse segment provides sodas, juice cocktails, juice products, fruit juice smoothies, seltzer waters, ready-to-drink lemonade plus tea drinks, ready-to-drink aguas frescas, and prebiotic and probiotic digestive wellness ready-to-drink beverages and powder drink mixes, as well as flavored water line. It also offers lemonades, including strawberry, limeade, mango, honey, raspberry, and original lemonades. This segment markets its products primarily directly to retailers.

BWLD - Buffalo Wild Wings, Inc. engages in the ownership, operation, and franchise of restaurants primarily in the United States. It offers chicken and various food and beverage items, as well as serves bottled beers, wines, and liquor. The company operates its restaurants under Buffalo Wild Wings Grill & Bar brand name. As of July 24, 2012, it operated approximately 837 Buffalo Wild Wings locations in 48 states in the United States, as well as in Canada. Buffalo Wild Wings, Inc. was founded in 1982 and is headquartered in Minneapolis, Minnesota.

AAPL - Apple Inc., together with subsidiaries, designs, manufactures, and markets mobile communication and media devices, personal computers, and portable digital music players; and sells related software, services, peripherals, networking solutions, and third-party digital content and applications worldwide. Its products and services include iPhone, iPad, Mac, iPod, Apple TV, the iOS and Mac OS X operating systems, iCloud, and various accessory and support offerings, as well as a range of consumer and professional software applications. The company sells its products and services to consumers, small and mid-sized business, education, enterprise, and government customers through its retail stores, online stores, and direct sales force, as well as through third-party cellular network carriers, wholesalers, retailers, and value-added resellers. In addition, it offers various third-party iPhone, iPad, Mac, and iPod compatible products.

WFM - Whole Foods Market, Inc. engages in the ownership and operation of natural and organic food supermarkets. The company offers produce, seafood, grocery, meat and poultry, bakery, prepared foods and catering, coffee and tea, nutritional supplements, and vitamins. It also provides specialty products, such as beer, wine, and cheese; body care and educational products, such as books; and floral, pet, and household products. As of July 25, 2012, the company had 329 stores in the United States, Canada, and the United Kingdom. Whole Foods Market, Inc. was founded in 1978 and is headquartered in Austin, Texas.

We are recommending the following specific credit spreads.

Call credit spreads = bearish call spreads.

We are recommending the following specific credit spreads.

Put credit spreads = bullish call spreads.