I am very sorry for the very late email tonight.

We are recommending the following credit spread to the February expiration cycle.

We are recommending credit spread for our Portfolio #2 in the following issue.

DIS - The Walt Disney Company operates as an entertainment company worldwide. Its Media Networks segment engages in broadcast television network, television production and distribution, television stations, broadcast radio networks and stations, and publishing and digital operations. This segment operates the ABC Television Network and 8 owned television stations, the ESPN Radio Network and Radio Disney Network, and 35 owned and operated radio stations. It also produces, licenses, and distributes live-action and animated television programming; and operates ABC-, ESPN-, ABC Family-, and SOAPnet-branded Internet businesses. The companyÂ’s Parks and Resorts segment owns and operates the Walt Disney World Resort in Florida that includes theme parks; resort hotels; a retail, dining, and entertainment complex; a sports complex; conference centers; campgrounds; water parks; and other recreational facilities, as well as the Disneyland Resort in California. This segment also manages and markets the Disney Vacation Club, Disney Cruise Line, Adventures by Disney, and mixed-use Disney Resort and Spa in Hawaii; manages Disneyland Paris and Hong Kong Disneyland Resort; and licenses the operations of Tokyo Disneyland Resort. Its Studio Entertainment segment produces and acquires live-action and animated motion pictures, direct-to-video content, musical recordings, and live stage plays.

We are recommending the following specific credit spread.

This may be a tough fill to get tomorrow , seeing that DIS will probably open to the upside tomorrow, however we are going to try for a fill anyway at the spread credit price below.

Put credit spreads = bullish put spreads.

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ACTION in PORTFOLIO #1.

We are also recommending closing out the STZ FEB 35/32.5 put spread for a NET DEBIT OF $2.25

The BID/ASK is $2.05 -2.45.

As usual try and split the bid/ask on Wednesday to get the fill, however no matter what we are closing the STZ put spread before the end of the day on Wednesday.