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

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

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.

UAL - United Continental Holdings, Inc. is in Airlines industry. It is the holding company for United Airlines and Continental Airlines. The Company operates its businesses through two reporting segments: Mainline and Regional Affiliates. The Company manages its business as an integrated network with assets deployed across its Mainline and regional carrier networks. Together with United Express, Continental Express and Continental Connection, these airlines operate throughout the Americas, Europe, Asia and Africa from their hubs in Chicago, Cleveland, Denver, Guam, Houston, Los Angeles, New York, San Francisco, Tokyo and Washington, D.C. United Continental Holdings, Inc., formerly known as United Airlines Corp., is headquartered in Chicago.

Call credit spreads = Bearish Call spreads.

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.

GMCR - Green Mountain Coffee Roasters engages in the production and marketing of award-winning coffees, innovative brewing technology and gourmet single-cup brewing systems. The Company's operations are managed through three operating segments. The Specialty Coffee business unit sources, produces and sells coffee, cocoa, teas and other hot beverages. These varieties are sold primarily to wholesale channels. The Keurig business unit, a pioneer and leading manufacturer of gourmet single-cup brewing systems, targets its premium patented single-cup brewing systems for use at-home and away-from-home, mainly in North America. The Canadian business unit sources, produces and sells coffees in a variety of packaging formats, including K-Cup portion packs, whose brands include Van Houtte, Brûlerie St. Denis, Brûlerie Mont-Royal and Orient Express and its licensed Bigelow and Wolfgang Puck brands. Green Mountain Coffee Roasters is headquartered in Waterbury, Vermont.

XOM - Exxon Mobil Corporation's principal business is energy, involving exploration for, and production of, crude oil and natural gas, manufacturing of petroleum products and transportation and sale of crude oil, natural gas and petroleum products. Exxon Mobil is a major manufacturer and marketer of basic petrochemicals, including olefins, aromatics, polyethylene and polypropylene plastics and a wide variety of specialty products. Exxon Mobil is engaged in exploration for, and mining and sale of coal, copper and other minerals.

Put credit spreads = Bullish put spreads.

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We are recommending credit spreads for March 2014 in the following positions for Portfolio #3:

X - United States Steel manufactures and sells a variety of steel mill products, coke and taconite pellets. Primary steel operations are the Gary (Indiana) Works, the Fairfield (Alabama) Works near Birmingham, the Mon Valley Works ( which includes the Edgar Thomson steelmaking and Irvin finishing operations) on the Monongahela River near Pittsburgh, and U. S. Steel Kosice in the Slovak Republic.

SLV - Ishares Silver Trust. The investment seeks to reflect the price of silver owned by the trust less the trust's 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.

We are recommending the following specific credit spreads.

Call credit spreads = Bearish Call spreads.