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

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

We are recommending put spread on ABX to complete an iron condor when joined with our existing call spread positions on ABX.

We are recommending the following specific credit spreads.

Put credit spreads = Bullish put spreads.

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We are recommending credit spreads for our Porttfolio #2 in the following issues.

We are recommending a put spread in BIDU which when combined with out existing call spread in BIDU will complete an iron butterfly in BIDU.

Additionally, we are recommending put spread on SAP which when combined with our existing call spread in SAP will complete an iron condor in SAP

We are recommending the following specific credit spread.

Put credit spread = Bullish put spread.