Sorry, to be so late.

We are recommending credit spreads for our new Portfolio #3 in the following issues.

Here are the companies we will be adding spreads to for Portfolio #3

VVUS - VIVUS, Inc., a biopharmaceutical company, engages in developing and commercializing therapies to address unmet needs in obesity, sleep apnea, diabetes, and sexual health. The company offers Qsymia, a drug for the treatment of obesity as an adjunct to a reduced-calorie diet and increased physical activity for chronic weight management in adult patients with an initial body mass index of 30 or greater, or 27 or greater in the presence of at least one weight-related comorbidity, such as hypertension, type 2 diabetes mellitus, or high cholesterol; and STENDRA for the treatment of erectile dysfunction. It also completed Phase II clinical studies of Qsymia for the treatment of obstructive sleep apnea; and Qsymia for the treatment of type 2 diabetes. The company has an agreement with Mitsubishi Tanabe Pharma Corporation for the development and commercialization of avanafil, a PDE5 inhibitor compound for the oral and local treatment of male and female sexual dysfunction. VIVUS, Inc. was founded in 1991 and is headquartered in Mountain View, California.

CDE - Coeur Mining, Inc., through its subsidiaries, engages in the ownership, operation, exploration, and development of silver and gold mining properties primarily in South America, Mexico, the United States, and Australia. The company’s principal properties include Palmarejo silver and gold mine in Mexico; San Bartolomé silver mine in Bolivia; Kensington gold mine located to the north of Juneau, Alaska; the Rochester silver and gold mine in northwestern Nevada; and the Endeavor mine, an underground zinc, lead, and silver mine in New South Wales, Australia. It also owns Joaquin silver and gold development project located in the Santa Cruz province of southern Argentina. The company was formerly known as Coeur d’Alene Mines Corporation and changed its name to Coeur Mining, Inc. in May 2013. Coeur Mining, Inc. was founded in 1928 and is headquartered in Coeur d’Alene, Idaho.

MRVL - Marvell Technology Group Ltd. designs, develops, and markets analog, mixed-signal, digital signal processing, and embedded and standalone ARM-based microprocessor integrated circuits. It offers mobile and wireless products comprising communications and applications processors; thin modems; Wi-Fi and other communication protocols, including Bluetooth, NFC, and/or FM; and mobile computing products. The company also provides a range of integrated data storage products, including hard disk drive, solid-state drive, and hybrid hard disk drive controllers, as well as storage-system products. In addition, it offers networking products comprising cloud infrastructure products for home, private, and public cloud networks; and service provider infrastructure technologies used in the deployment of residential fiber access infrastructure and mobile Internet infrastructure, as well as products used in the transition to Internet protocol radio access networks. Further, the company provides printer-specific standard SoC products, as well as custom printer ASICs; and powerline products for home networking and advanced metering infrastructure, DSP Switcher and analog switching regulators for power management solutions, and Smart Energy Platforms for building a new generation of connected appliances and lighting platforms that promote an eco-friendly lifestyle. It operates in the United States, Canada, China, Denmark, Germany, Hong Kong, India, Israel, Italy, Japan, Malaysia, the Netherlands, Singapore, South Korea, Spain, Sweden, Switzerland, Taiwan, and the United Kingdom. Marvell Technology Group Ltd. was founded in 1995 and is headquartered in Hamilton, Bermuda.

We are recommending the following specific credit spreads.

Call credit spreads = Bearish call spreads.