We are recommending the following credit spreads to the MARCH expiration cycle.

We are recommending a credit spreads for our Portfolio #1 in the following issue.

BBRY - Research In Motion Limited designs, manufactures, and markets wireless solutions worldwide. It provides platforms and solutions, including email, voice, instant messaging, short message service, Internet and Intranet-based browsing, and multimedia content through developing integrated hardware, software, and services. The companyÂ’s BlackBerry smartphones use wireless, push-based technology that delivers data to mobile usersÂ’ business and consumer applications. Its BlackBerry smartphone portfolio includes BlackBerry Bold series, BlackBerry Torch series, BlackBerry Curve series, and the BlackBerry PlayBook tablet. The companyÂ’s BlackBerry enterprise solutions comprise BlackBerry enterprise server, BlackBerry enterprise server express, BlackBerry mobile voice system, and hosted BlackBerry services. It also offers development platform that allow third party commercial and enterprise software developers to build and deploy custom applications to run on BlackBerry smartphones, and products and technologies to third party developers, wireless carriers, and enterprise customers to develop distribute and manage these applications, as well as a range of software development tools. In addition, the company provides the BlackBerry Messenger Social Apps Platform; and push, payments, advertising, location, analytics, and scoreloop services, as well as the BlackBerry App World to discover and download/purchase of applications. Further, it offers BlackBerry Enterprise Server tools and technologies that enable secure and managed provisioning of applications; BlackBerry Enterprise App World that allows employees access to a catalogue of applications; and repair and maintenance services.

We are recommending the following specific credit spread.

Call credit spread = bearish call spread.

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

LULU - Lululemon athletica inc., together with its subsidiaries, designs, manufactures, and distributes athletic apparel for women, men, and female youth. The companyÂ’s line of apparel and accessories include fitness pants, shorts, tops, and jackets for healthy lifestyle activities, such as yoga, running, and general fitness. Its fitness-related accessories comprise bags, socks, underwear, yoga mats, instructional yoga DVDs, and water bottles. The company sells its products through a chain of corporate-owned and franchise stores; direct to consumer through e-commerce; and a network of wholesale channel, such as yoga studios, health clubs, and fitness centers. As of January 29, 2012, it had 47 stores in Canada, 108 stores in the United States, 18 stores in Australia, and 1 store in New Zealand under the lululemon athletica and ivivva athletica brand names. lululemon athletica inc. was founded in 1998 and is based in Vancouver, Canada.

We are recommending the following specific credit spread.

Call credit spread = bearish call spread.