We are recommending the following credit spread to our STZ position in Portfolio #1.

We are recommending the following specific put credit spread on STZ

Put credit spread = Bullish put spread.

@@ Eventhough we have 30 contracts on the call side of STZ we will be only adding a 10 contract spread on the put side for now.

We may choose to add additional contracts later depending on market movement in the next few days.

Since we have 30 contracts on the call side of STZ, adding 10 contracts on the put side will require no additional margin to enter these 10 contracts on the put side.