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

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

We are going to recommend put credit spreads on APOL and INFA to complete iron condors on those two positions.

We are going to recommend a put spread on WTW to complete and iron butterfly on the WTW position.

We are recommending the following specific credit spreads.

Put credit spreads = bullish put spreads.

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

APPL - 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, including application software, printers, storage devices, speakers, headphones, and other accessories and peripherals, through its online and retail stores; and digital content and applications through the iTunes Store, App Store, iBookstore, and Mac App Store.

LULU - Lululemon athletica inc., together with its subsidiaries, designs, manufactures, and distributes athletic apparel for women, men, and female youth. The companyÂ’s line of apparel and accessories include fitness pants, shorts, tops, and jackets for healthy lifestyle activities, such as yoga, running, and general fitness. Its fitness-related accessories comprise bags, socks, underwear, yoga mats, instructional yoga DVDs, and water bottles. The company sells its products through a chain of corporate-owned and franchise stores; direct to consumer through e-commerce; and a network of wholesale channel, such as yoga studios, health clubs, and fitness centers. As of January 29, 2012, it had 47 stores in Canada, 108 stores in the United States, 18 stores in Australia, and 1 store in New Zealand under the lululemon athletica and ivivva athletica brand names. lululemon athletica inc. was founded in 1998 and is based in Vancouver, Canada.

We are recommending the following specific credit spreads.

Put credit spreads = bullish put spreads.

We will be adding a put spread on CMG to create an iron condor on our CMG position at least temporarily until we can get some stablization in CMG to roll or close out the CMG call spread.

We are recommending the following specific credit spread.

Put credit spreads = bullish call spreads.

We will be adding a call credit spread on WFM to complete an iron condor on our WFM position.

We are recommending the following specific credit spreads.

Call credit spreads = bearish call spreads.