We are recommending the following credit spreads to the February 2014 expiration cycle.

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

DAL - Delta Air Lines, Inc. provides scheduled air transportation for passengers and cargo in the United States and internationally. Its route network is centered around a system of hub and international gateway airports in Amsterdam, Atlanta, Cincinnati, Detroit, Memphis, Minneapolis-St. Paul, New York - LaGuardia, New York-JFK, Paris-Charles de Gaulle, Salt Lake City, Seattle and Tokyo-Narita. The company sells its tickets through various distribution channels, including telephone reservations, delta.com, global distribution systems, and online travel agencies. Its also provides aircraft maintenance, repair, and overhaul services for other aviation and airline customers, as well as offers staffing services, professional security and training services, and aviation solutions for third parties; vacation packages; and aircraft charters and aircraft management and programs. As of January 24, 2014, the company had a fleet of approximately 700 aircraft. Delta Air Lines, Inc. was founded in 1924 and is headquartered in Atlanta, Georgia.

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

Put credit spreads = Bullish put spreads.

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We are recommending this credit spread for our Portfolio #2 in the following issue(s).

We are recommending a SCTY call spread on SCTY to complete an iron condor when joined with our existing put spread position on SCTY.

We are also recommending a SPLK call spread on SPLK to complete an iron condor when joined with our existing put spread position on SPLK.

These spreads will not require any additional margin with the right broker.

We are recommending the following specific credit spreads.

Call credit spreads = Bearish call spreads.