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

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

SUNE - SunEdison, Inc. develops, manufactures, and sells silicon wafers. The company is also involved in developing and selling photovoltaic energy solutions. It operates in two segments, Semiconductor Materials and Solar Energy. The Semiconductor Materials segment offers prime polished wafers, such as OPTIA and annealed products; epitaxial wafers, including AEGIS wafers; test/monitor wafers for testing semiconductor fabrication lines and processes; and silicon-on-insulator wafers used in the chip making process. Its wafers are used as starting materials for the manufacture of various types of semiconductor devices, including microprocessor, memory, logic, and power devices. The Solar Energy segment provides solar energy services that integrate the design, installation, financing, monitoring, operation, and maintenance portions of the downstream solar market. It also manufactures polysilicon, silicon wafers, and solar modules. As of December 31, 2012, this segment interconnected approximately 675 solar power systems representing 989 MW of solar energy generating capacity. The company serves semiconductor device manufacturers, including the memory, microprocessor, and ASIC manufacturers; foundries; national retail chains and real estate property management firms; federal, state, and municipal governments; and utilities. SunEdison markets its semiconductor wafer products primarily through a direct sales force, as well as through local or regional solar channel partners. The company was formerly known as MEMC Electronic Materials, Inc. and changed its name to SunEdison, Inc. in May 2013. SunEdison, Inc. was founded in 1984 and is headquartered in St. Peters, Missouri. The company is a prior subsidiary of E.ON SE.

JCI - Johnson Controls, Inc. is engaged in building efficiency, automotive experience, and power solutions businesses worldwide. Its Building Efficiency segment designs, produces, markets, and installs integrated heating, ventilating, and air conditioning systems, as well as building management systems, controls, and security and mechanical equipment. This segment also provides technical services, energy management consulting, and operations of real estate portfolios for the non- residential buildings market. In addition, this segment offers residential air conditioning and heating systems, and industrial refrigeration products. The companyÂ’s Automotive Experience segment designs and manufactures interior products and systems for passenger cars and light trucks, including vans, pick-up trucks, and sport/crossover utility vehicles serving original equipment manufacturers. This segment offers seating systems and components; cockpit systems consisting of instrument panels and clusters, information displays, and body controllers; overhead systems, such as headliners and electronic convenience features; floor consoles; and door systems. The companyÂ’s Power Solutions segment produces lead-acid automotive batteries, as well as offers absorbent glass mat and lithium-ion battery technologies for hybrid and electric vehicles. It serves automotive original equipment manufacturers and the general vehicle battery aftermarket. The company was formerly known as Johnson Electric Service Company and changed its name to Johnson Controls, Inc. in 1974. Johnson Controls, Inc. was founded in 1885 and is headquartered in Milwaukee, Wisconsin.

Put credit spreads = Bullish put spreads.

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

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

LVS - Las Vegas Sands Corp. develops, owns, and operates integrated resorts in Asia and the United States. The company owns and operates The Venetian Macao Resort Hotel, the Four Seasons Hotel Macao, the Plaza Casino, and the Sands Macao and Sands Cotai Central in Macau, the People?s Republic of China. It also owns and operates the Marina Bay Sands in Singapore; The Venetian Resort Hotel Casino, the Palazzo Resort Hotel Casino, and the Sands Expo and Convention Center in Las Vegas, Nevada; and the Sands Casino Resort Bethlehem in Bethlehem, Pennsylvania. The company?s integrated resorts comprise accommodations, gaming and entertainment facilities, retail facilities, convention and exhibition facilities, celebrity chef restaurants, and other amenities. Las Vegas Sands Corp. was founded in 1988 and is based in Las Vegas, Nevada.

EMN - Eastman Chemical Company, a specialty chemical company, engages in the manufacture and sale of chemicals, plastics, and fibers in the United States and internationally. The companyÂ’s Additives & Functional Products segment offers solvents that include specialty coalescents and ketones, esters, glycol ethers, and alcohol solvents; and cellulose and polyester-based specialty polymers that are used in coatings, consumables, health and wellness, electronics, and industrial chemicals. It also provides insoluble sulfur products; antidegradant products; and performance resins and cellulosic products for the tires industry. Its Adhesives & Plasticizers segment manufactures resins and plasticizers, which are used in the consumables, building and construction, durable goods, health and wellness, and industrial chemicals and processing markets. The companyÂ’s Advanced Materials segment produces and markets specialty copolyesters, cellulose esters, interlayers, and aftermarket window film products that are used in transportation, consumables, building and construction, durable goods, health and wellness, and electronics sectors. Its Fibers segment offers Estron acetate tow and Estrobond triacetin plasticizers for use in the manufacture of cigarette filters; Estron natural and Chromspun solutions dyed acetate yarns for use in apparel, home furnishings, and industrial fabrics; and cellulose acetate flake and acetyl raw materials for other acetate fiber producers. This segments product includes acetate tow, acetate yarn, and acetyl chemical products. The companyÂ’s Specialty Fluids & Intermediates segment provides specialty fluids, acetyl products, and olefin derivatives that are used in industrial chemicals and processing; building and construction; health and wellness; energy, fuels, and water; consumables; and agriculture markets. The company was founded in 1920 and is headquartered in Kingsport, Tennessee.

Put credit spreads = Bullish put spreads.