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

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

TXN - Texas Instruments Incorporated engages in the design, manufacture, sale of semiconductors to electronics designers and manufacturers worldwide. The company operates in four segments: Analog, Embedded Processing, Wireless, and Other. The Analog segment provides high and volume analog and logic products; power management semiconductors for portable devices, as well as line-powered systems; high performance analog products, such as amplifiers, data converters, and interface semiconductors for the industrial, communications, computing, and consumer electronics markets; and silicon valley analog products. The Embedded Processing segment offers digital signal processors that perform mathematical computations to process or enhance digital data; and microcontrollers, which are designed to control a set of specific tasks for electronic equipment. The Wireless segment provides applications processors, connectivity products, and baseband products. The Other segment offers DLP products that are used in projectors to create high-definition images; application-specific integrated circuits; and calculators, as well as licenses technologies to other electronics companies. The company markets and sells its products through a direct sales force, distributors, and third-party sales representatives. Texas Instruments Incorporated was founded in 1930 and is headquartered in Dallas, Texas.

ZION - Zions Bancorporation , a financial holding company, provides banking and related services in the United States. It offers community banking services, including small and medium-sized business and corporate banking; commercial and residential development, construction, and term lending; retail banking; treasury cash management and related products and services; residential mortgages; trust and wealth management services; and investment services. The company also provides personal banking services comprising home mortgages, bankcard, other installment loans, home equity lines of credit, checking accounts, savings accounts, time certificates of deposits, safe deposit facilities, direct deposits, trust services, and automated teller machine access. In addition, it offers online and traditional brokerage services; municipal finance advisory and underwriting services; and small business administration loans. The company provides its services primarily in Utah, California, Texas, Arizona, Nevada, Colorado, Idaho, Washington, and Oregon. As of December 31, 2012, it operated 480 branches. Zions Bancorporation was founded in 1873 and is headquartered in Salt Lake City, Utah.

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.

GMCR - Green Mountain Coffee Roasters, Inc. engages in the specialty coffee and coffeemaker businesses in the United States and Canada. It sources, produces, and sells approximately 225 varieties of coffee, cocoa, teas, and other beverages in K-Cup and Vue single serve packs; and coffee in traditional packaging, including whole bean and ground coffee selections in bags, and ground coffee in fractional packs. The company sells these products to supermarkets, club stores, and convenience stores; restaurant and hospitality industries; and office coffee distributors, as well as directly to consumers through its Website. It also sells at-home and away-from-home single cup brewers; accessories; brewing equipment; and coffee, tea, hot cocoa, and other beverages in single serve packs to retailers, department stores, and mass merchandisers, as well as directly to consumers. In addition, the company produces and sells other specialty beverages, including hot apple ciders, hot and iced teas, iced coffees, iced fruit brews, hot cocoa, and other dairy-based beverages in single serve packs. Green Mountain Coffee Roasters, Inc. was founded in 1981 and is based in Waterbury, Vermont.

Call credit spreads = Bearish Call spreads.

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

BBRY - BlackBerry Limited ( Research in Motion )engages in the design, manufacture, and marketing of wireless solutions worldwide. It provides platforms and solutions for access to email, voice, instant messaging, short message service, Internet and Intranet-based applications, and browsing through the development of integrated hardware, software, and services. The companyÂ’s technology also enables an array of third party developers and manufacturers to enhance their products and services through software development kits, wireless connectivity to data, and third-party support programs. Its products, services, and embedded technologies include the BlackBerry wireless solution, the BlackBerry Wireless Handheld product line, the BlackBerry PlayBook tablet, software development tools, and other software and hardware. The company also provides BlackBerry Enterprise Service 10, an enterprise mobility management solution for device management, and security and mobile applications management to BlackBerry smartphones, BlackBerry PlayBook tablets, and BlackBerry 10 smartphones. In addition, the company offers development platform that allow third party commercial and enterprise software developers to build and deploy custom applications to run on BlackBerry smartphones; products and technologies to third party developers, wireless carriers, and enterprise customers to develop, distribute, and manage these applications; and a range of software development tools. Further, it provides the BlackBerry Messenger Social Apps Platform; and push, payments, advertising, location, map, analytics, and Scoreloop services, as well as repair and maintenance services. The company sells its BlackBerry wireless solutions through wireless communications carriers and third party distribution channels. The company was formerly known as Research In Motion Limited and changed its name to BlackBerry Limited in July 2013. BlackBerry Limited was founded in 1984 and is headquartered in Waterloo, Canada.

SCSS - Select Comfort Corporation, together with its subsidiaries, engages in the design, manufacture, marketing, distribution, and retail of adjustable-firmness mattresses and other sleep-related products in the United States and Canada. The company offers its products under the Sleep Number brand name. Select Comfort Corporation sells its products through retail, direct marketing, and e-commerce channels. As of December 29, 2012, it operated 410 stores. The company was founded in 1987 and is headquartered in Minneapolis, Minnesota.

We are recommending the following specific credit spreads.

Call credit spreads = Bearish Call spreads.