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We are going to close out our BP January 42/44 call spread for a NET DEBIT of $1.70. BID/ASK $1.66 - $1.73.

As usual, try and split the bid/ask.

We will be closing this position tomorrow.

In addition, we will be adding the following credit spread to our January positions in Portfolio #1.

We are recommending a credit spread in the following issue.

FIO - Fusion-io, Inc. engages in the development, marketing, and sale of storage memory platforms for enterprise data decentralization primarily in the United States. Its integrated hardware and software platform enables the decentralization of data from legacy architectures and specialized hardware. The companyÂ’s storage memory platform includes ioDrive, ioFX, and ioCache products; directCache data-tiering software; ioTurbine virtualization software; ioSphere platform management software; and ION data accelerator software. Its products are used in various markets, such as financial services, Internet, technology, education, retail, manufacturing, energy, life sciences, and government. Fusion-io, Inc. sells its solutions through its direct sales force, original equipment manufacturers, and other channel partners. The company was formerly known as Fusion Multisystems, Inc. and changed its name to Fusion-io, Inc. in June 2010. Fusion-io, Inc. was founded in 2005 and is headquartered in Salt Lake City, Utah.

We are recommending the following specific credit spread.

Call credit spread = bearish call spread.