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

We are recommending these credit spread for our Portfolio #1 in the following issue(s).

For tomorrow, are recommending put credit spreads on APOL & BHI to complete IRON BUTTERFLIES when joined with our existing call spread positions on APOL & BHI .

These spread also will not require any additional margin with the right brokerage firms.

We are recommending the following specific credit spread(s).

Put credit spreads = Bullish put spreads.