We are recommending the following additional credit spread to the December expiration cycle.

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 companyÂ’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.

MELI - MercadoLibre, Inc. hosts online commerce platforms in Latin America. Its services are designed to provide its users with mechanisms for buying, selling, paying, collecting, generating leads, and comparing listings via e-commerce transactions. The company principally offers MercadoLibre marketplace, an automated online commerce service, which permits businesses and individuals to list items and conduct their sales and purchases online in a fixed-price or auction-based format. Its MercadoLibre marketplace enables registered users to list and purchase motor vehicles, vessels, aircraft, real estate, and other services through online classified listings; and Internet users to browse through various products and services that are listed on its Website and to register with MercadoLibre to list, bid for, and purchase items and services. The company also provides MercadoPago, an integrated online payments solution to facilitate transactions on and off the MercadoLibre marketplace by providing a mechanism that allows its users to send, receive, and finance payments online. In addition, it offers MercadoClics program that allows businesses to promote their products and services on the Internet. This program enables users and advertisers to place display and text advertisements on its Web pages to promote their brands and offerings. Further, the company provides MercadoShops on-line stores solution, a software-as-a-service, which allows users to set-up, manage, and promote their own online Webstores.

We are adding the following specific credit spreads.

Call credit spreads = Bearish call spreads.

We are also adding the following put credit spread to complete an iron condor on our SWI position. This put spread along with our current call spread will create an iron condor on our SWI position.

This position should not require anymore margin requirement with the right broker.

We are recommending the following specific credit spread.

Put credit spread = Bullish Put spread.