I am so very sorry for the late hour of these recommendations, but here goes.

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

We are recommending the following specific credit spread(s) to our Portfolio #1.

We are recommending a UAL March 45/47 call spread on UAL to complete an iron butterfly when joined with our existing put spread position on UAL .

This spread will not require any additional margin with the right brokerage firms.

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

Call credit spreads = Bearish call spread.

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

We are recommending a GILD 80/78 call spread and a LVS 83/85 Call spread on GILD and LVS to complete iron condors when joined with our existing put spread positions on GILD and LVS.

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

We are recommending the following specific call credit spreads.

Call credit spreads = Bearish call spreads.

We are also recommending a call spread spread on the EMN 85/87.5 call spread to complete an iron butterfly when added to out existing EMN put spread.

This position should also not require any additional margin with the right broker.

Call credit spreads = Bearish call spreads.

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