We are recommending the following credit spreads to our November expiration cycle.

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

WDC - Western Digital Corporation, through its subsidiaries, engages in the development, manufacture, and sale of storage products that enable people to create, manage, experience, and preserve digital content. The company principally offers hard drives comprising 3.5-inch and 2.5-inch form factors. It offers hard drives for performance enterprise and capacity enterprise, as well as solid-state drives for embedded applications under the HGST Ultrastar, WD RE, WD XE, and WD SiliconDrive brand names; hard drives and solid-state drives for desktop and mobile PCs under the HGST Deskstar, HGST Travelstar, WD Black, WD Blue, WD Green, WD Red, and WD VelociRaptor brand names; and drives used in consumer electronics, and entertainment and navigation systems used in automobiles under the HGST Cinemaster, HGST Endurastar, WD, and HGST iVDR brand names. It also offers hard drives embedded into WD, HGST, and G-Technology-branded external storage appliances with capacities ranging from 500 GB to 12 TB and using various interfaces, such as USB 2.0, USB 3.0, external SATA, FireWire, and Ethernet network connections. The company sells its products to computer manufacturers, resellers, and retailers worldwide.

TPX - Tempur-Pedic International Inc. engages in the manufacture, marketing, and distribution of bedding products in North America and internationally. It offers mattresses, pillows, and adjustable bed bases, as well as various cushions and other comfort products. The company sells its products under the TEMPUR and Tempur-Pedic brand names through furniture and bedding retailers, and non-spring and department stores; direct response program, Internet, and company-owned stores; hospitals, nursing homes, healthcare professionals, and medical retailers; and third party distributors. Tempur-Pedic International Inc. was founded in 1989 and is headquartered in Lexington, Kentucky.

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.

AXP - American Express Company provides charge and credit payment card products and travel-related services to customers worldwide. The company?s product portfolio consists of charge and credit card products; expense management products and services; consumer and business travel services; stored value products, including travelers cheques and other prepaid products; network services; merchant acquisition and processing, and servicing and settlement, as well as point-of-sale, marketing, and information products and services for merchants; and fee services comprising market and trend analyses and related consulting services, fraud prevention services, and the design of customer loyalty and rewards programs. It also publishes luxury lifestyle magazines; travel, cooking, wine, time management, and financial books and products; international editions of its titles; digital and mobile content; luxury-marketing events; and custom print and online programs for clients

CAT - Caterpillar Inc. manufactures and sells construction and mining equipment, diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives worldwide. It offers backhoe, skid steer, multi-terrain, track-type, and wheel loaders; track, wheel, and mini excavators; select work tools; track-type tractors; motor graders; pipelayers; and related parts for the heavy construction, general construction, mining and quarry, and aggregates markets. The company also provides electric rope and hydraulic shovels, mining trucks, wheel dozers, draglines, electric drive mining trucks, compactors, tunnel boring and underground mining equipment, drills, forestry products, highwall miners, off-highway and articulated trucks, paving products, wheel tractor scrapers, electronics and control systems, and machinery components for mine, quarry, forestry, paving, and tunneling applications. In addition, it offers reciprocating engine powered generator sets; integrated systems for the electric power generation industry; reciprocating engines and integrated systems and solutions for the marine and petroleum industries, and industrial applications; turbines and turbine-related services; and diesel-electric locomotives and components, and other rail-related products and services. Further, the company provides retail financing for its equipment, machinery, and engines, as well as for vehicles, power generation facilities, and marine vessels that incorporate its products; wholesale financing to its dealers and customers; and insurance services.

We are recommending the following specific credit spreads.

Call credit spreads = bearish call spreads.