We are recommending the following credit spreads to the November 2013 expiration cycle.

As mentioned previously, we will be adding several ETF selections to our recommended plays over the course of the month.

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

RHT - Red Hat, Inc. provides open source software solutions primarily to enterprise customers worldwide. The company develops and offers operating system, middleware, virtualization, storage, and cloud technologies. Its products include Red Hat Enterprise Linux, an operating system designed for enterprise computing; Red Hat JBoss Middleware that offers a range of middleware offerings for developing, deploying, and managing applications that are accessible via the Internet, enterprise Intranets, extranets, clouds, and virtual private networks; and Red Hat Virtualization, which includes standalone virtualization functionality and management tools for server and desktop deployments. The company also offers Red Hat Storage Server software that enables users to treat storage as a virtualized resource, for deployment on- premise and in public, or hybrid clouds, as well as aggregates disk and memory resources into a unified storage capability. In addition, it provides various cloud, storage, and systems management offerings, as well as offers training, consulting, and support services; and other technologies, such as for software development, high-performance distributed computing, directory services, and user authentication. The company sells its enterprise technologies through annual or multi-year subscriptions. Red Hat, Inc. has strategic alliances with Advanced Micro Devices, Inc.; Intel Corporation; Amazon.com, Inc.; Fujitsu Limited; International Business Machines Corporation; and Rackspace Hosting, Inc. The company was formerly known as Red Hat Software, Inc. and changed its name to Red Hat, Inc. in June 1999. Red Hat, Inc. was founded in 1993 and is headquartered in Raleigh, North Carolina.

VECO - Veeco Instruments Inc., together with its subsidiaries, designs, manufactures, and markets various equipments to make light emitting diodes (LEDs) and hard-disk drives worldwide. The companyÂ’s LED and Solar segment designs and manufactures metal organic chemical vapor deposition and molecular beam epitaxy systems and components for the manufacturers of LEDs, wireless devices, power semiconductors, and concentrator photovoltaics, as well as to research and development applications. Its Data Storage segment designs and manufactures various technologies, including ion beam etch, ion beam deposition, diamond-like carbon, physical vapor deposition, chemical vapor deposition, and slicing, dicing, and lapping systems to create thin film magnetic heads that read and write data on hard disk drives. The company was founded in 1945 and is headquartered in Plainview, New York.

NE - Noble Corporation operates as an offshore drilling contractor for the oil and gas industry. The company offers contract drilling services for oil and gas wells. Its drilling fleet consists of 14 semisubmersibles, 14 drillships, 49 jackups, and 2 submersibles, including 11 units under construction that comprises 5 ultra-deepwater, harsh environment drillships and 6 heavy-duty, harsh environment jackups. The company also provides services for drilling and workover activities; and undertakes refurbishment projects for rigs, as well as offers personnel necessary to manage and perform the drilling operations from a drilling platform owned by the operator. Noble Corporation conducts its contract drilling operations principally in the U.S. Gulf of Mexico and Alaska, Mexico, Brazil, the North Sea, the Mediterranean, West Africa, the Middle East, India, Australia, and the Asian Pacific. The company was founded in 1921 and is headquartered in Baar, Switzerland.

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.

GLD - GOLD shares ETF -The investment seeks to replicate the performance, net of expenses, of the price of gold bullion. The trust holds gold, and is expected to issue baskets in exchange for deposits of gold, and to distribute gold in connection with redemption of baskets. The gold held by the trust will only be sold on an as-needed basis to pay trust expenses, in the event the trust terminates and liquidates its assets, or as otherwise required by law or regulation.

HD - The Home Depot, Inc. operates as a home improvement retailer. Its stores sell building materials, home improvement products, and lawn and garden products, as well as provide installation, home maintenance, and professional service programs to do-it-yourself, do-it-for-me, and professional customers. The companyÂ’s installation programs include products, such as carpeting, flooring, cabinets, countertops, and water heaters. It serves home owners, professional remodelers, general contractors, repairmen, small business owners, and tradesmen. As of September 26, 2013, the company operated 2,258 retail stores in 50 states, the District of Columbia, Puerto Rico, U.S. Virgin Islands, Guam, 10 Canadian provinces, and Mexico. The Home Depot, Inc. was founded in 1978 and is based in Atlanta, Georgia.

FDO - Family Dollar Stores, Inc. operates a chain of self-service retail discount stores primarily for low- and middle-income consumers in the United States. Its merchandise assortment includes consumables, such as household chemicals, paper products, food products, health and beauty aids, hardware and automotive supplies, pet food and supplies, and tobacco; and home products comprising blankets, sheets, towels, housewares, giftware, and home décor products. The company also provides apparel and accessories consisting of men’s and women’s clothing products, boys’ and girls’ clothing products, infants’ clothing products, shoes, and fashion accessories; and seasonal and electronic products, such as toys, stationery and school supplies, and seasonal goods, as well as personal electronics, including pre-paid cellular phones and services. As of October 16, 2013, it operated approximately 8,000 stores in 46 states. The company was founded in 1959 and is based in Matthews, North Carolina.

Call credit spreads = Bearish Call spreads.

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

SLV - Ishares Silver Trust - The investment seeks to reflect the price of silver owned by the trust less the trusts expenses and liabilities. The fund is intended to constitute a simple and cost-effective means of making an investment similar to an investment in silver. Although the fund is not the exact equivalent of an investment in silver, they provide investors with an alternative that allows a level of participation in the silver market through the securities market.

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.

GDX - Gold Miners ETF - The investment seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the NYSE Arca Gold Miners Index. The fund invests at least 80% of its total assets in common stocks and ADRs of companies involved in the gold mining industry. Such companies may include medium-capitalization companies and foreign issuers. The fund normally invests at least 80% of its total assets in securities that comprise the Gold Miners Index. The Gold Miners Index is a modified market-capitalization weighted index primarily comprised of publicly traded companies involved in the mining for gold and silver. The fund is non-diversified.

We are recommending the following specific credit spreads.

Call credit spreads = Bearish Call spreads.