Let's see if we can try these again today, with no GAP opens to the upside.

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

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

YHOO - Yahoo! Inc., a technology company, provides search, content, and communication tools on the Web and on mobile devices worldwide. It operates Yahoo.com that offers Yahoo! Search, which provides users with a free search capability; Yahoo! News that provides news via text, photos, and video; and Yahoo! Sports, which offers fantasy sports, editorial reporting, real-time scores, statistics and breaking news, and global sports events and premium college sports coverage. The company?s Yahoo.com also provides Yahoo! Finance that offers a set of financial data, information, and tools for users to make financial decisions; Yahoo! Entertainment and Lifestyles, which is a collection of properties focused on trends and information in culture, women?s issues, and media; Yahoo! Video that provides news, finance, sports, entertainment, and lifestyle video content; and Yahoo! Toolbar, a Web browser add-on. It also provides communications tools, including Yahoo! Mail that provides users with e-mail, instant messaging, and mobile text messaging, as well as integrated contacts and calendar functionality; and Yahoo! Messenger, an instant messaging service. In addition, the company offers mobile and emerging products, including IntoNow from Yahoo! for watching TV; and Yahoo! Connected TV, a software platform that provides interactive television, as well as provides user-generated content products, such as Yahoo! Groups, Yahoo! Answers, and Flickr that allow users to create, share, and discover ideas, interests, and photography. Further, it offers a range of marketing services, such as display advertising, search advertising, listing- based services, and commerce-based transactions to advertisers; and APIs, such as Yahoo! Developer Network, Cocktails, Yahoo! Query Language, Yahoo! User Interface, Search BOSS, and Yahoo! Flickr API for third-party developers, advertisers, agencies, publishers, and designers. The company was founded in 1994 and is headquartered in Sunnyvale, California.

TCK - Teck Resources Limited engages in exploring for, acquiring, developing, and producing natural resources in the Americas, Asia Pacific, Europe, and Africa. Its principal products include copper, including copper concentrates and cathode copper; steelmaking coal; and zinc, which comprise refined zinc and zinc concentrates. The company also produces lead, molybdenum, silver, and specialty and other metals; chemicals and fertilizers; and germanium dioxide, indium, cadmium, copper compounds as metal co-products, and sulphur products. In addition, it holds interest in oil sands projects in the Athabasca region of Alberta; and explores for copper, zinc, and gold. The company owns or has interests in 13 mines in Canada, the United States, Chile, and Peru, as well as 1 metallurgical complex in Canada. Its mining and minerals processing activities include research, exploration, development, smelting, refining, safety, environmental protection, product stewardship, and recycling. Teck Resources Limited has a strategic alliance with Erdene Resource Development Corp. The company was formerly known as Teck Cominco Limited and changed its name to Teck Resources Limited in April 2009. Teck Resources Limited was founded in 1906 and is headquartered in Vancouver, Canada.

CLF - Cliffs Natural Resources Inc., a mining and natural resources company, engages in the production of iron ore pellets, fines and lump ore, and metallurgical coal. It operates five iron ore mines located in Michigan and Minnesota; five metallurgical coal mines located in West Virginia and Alabama; and one thermal coal mine located in West Virginia. The company also operates two iron ore mines in eastern Canada that primarily provide iron ore to steel producers in Asia; and two iron ore mining complexes in Western Australia. In addition, it holds a 45% economic interest in a coking and thermal coal mine located in Queensland, Australia; 30% interest in Amapá, an iron ore project in Brazil; and interest in a chromite project in Ontario, Canada. The company, formerly known as Cleveland-Cliffs Inc, was founded in 1847 and is headquartered in Cleveland, Ohio.

GPRN - Groupon, Inc. operates as a local commerce marketplace that connects merchants to consumers by offering goods and services at a discount in North America and internationally. The company also offers deals on products for which it acts as the merchant of record. It offers deals in various categories, including food and drink, events and activities, beauty and spa, fitness, health, home and auto, shopping, and education. The company emails its subscribers discounted offers on goods, services, and travel targeted by location, purchase history, and personal preferences. It also enables its customers to access its deals directly through its Website and mobile applications. The company was formerly known as ThePoint.com, Inc. and changed its name to Groupon, Inc. in October 2008. Groupon, Inc. was founded in 2008 and is headquartered in Chicago, Illinois.

JCP - J. C. Penney Company, Inc., through its subsidiary, J. C. Penney Corporation, Inc., operates department stores. The company sells family apparel and footwear, accessories, fine and fashion jewelry, beauty products, and home furnishings. It also provides various services, such as styling salon, optical, portrait photography, and custom decorating. As of February 2, 2013, it operated 1,104 department stores in 49 states and Puerto Rico. The company also sells its products through its Internet Website, jcp.com. The company was founded in 1902 and is based in Plano, Texas.

We are recommending the following specific credit spreads.

Call credit spreads = Bearish call spreads.

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

YELP - Yelp, Inc. operates Yelp.com, an online urban city guide that helps people find places to eat, shop, drink, relax, and play based on the informed opinions of a community of locals in the know. It offers information relating to restaurants, shopping, food, nightlife, arts and entertainment, local flavor, public services and government, active life, event planning and services, hotels and travel, beauty and spas, education, health and medical, local services, home services, religious organizations, professional services, mass media, automotive, pets, financial services, and real estate. The company serves customers in the United States, Canada, the United Kingdom, Ireland, France, Germany, Austria, the Netherlands, Spain, Italy, Switzerland, Finland, and Belgium. Yelp, Inc. was founded in 2004 and is headquartered in San Francisco, California.

BHP - BHP Billiton Limited, together with its subsidiaries, operates as a diversified natural resources company worldwide. The company engages in the exploration, development, and production of oil and gas; mining and refining of bauxite into alumina, and smelting of alumina into aluminum metal; and mining of copper, silver, lead, zinc, molybdenum, uranium, and gold, as well as development of potash deposits. It is also involved in the mining and production of nickel products, manganese ore, and manganese metal and alloys, as well as in the mining of iron ore, metallurgical coal, and thermal coal. BHP Billiton Limited sells its copper, lead, and zinc concentrates, and alumina to smelters; copper cathode to wire rod mills, brass mills, and casting plants; uranium oxide to electricity generating utilities; rough diamonds to diamond buyers; nickel products to stainless steel, specialty alloy, foundry, chemicals, and refractory material industries; metallurgical coal to steel producers; and energy coal to power stations, power generators, and industrial users. The company, formerly known as BHP Limited, was founded in 1885 and is headquartered in Melbourne, Australia. BHP Billiton Limited operates as a subsidiary of BHP Billiton Group.

We are recommending the following specific credit spreads.

Call credit spreads = Bearish Call spreads.