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

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

BX - The Blackstone Group L.P. is a publicly owned investment manager. The firm also provides financial advisory services to its clients. It provides its services to public and corporate pension funds, academic, cultural, and charitable organizations. The firm manages separate client focused portfolios. It launches and manages private equity funds, real estate funds, funds of hedge funds, and credit-focused funds for its clients. It invests in private equity, public equity, fixed income, and alternative investment markets. The firm was founded in 1985 and is based in New York, New York.

LOW - LoweÂ’s Companies, Inc. operates as a home improvement retailer. It offers products for maintenance, repair, remodeling, and home decorating. The company provides home improvement products under the categories of kitchens and appliances; lumber and building materials; tools and hardware; fashion fixtures; rough plumbing and electrical; lawn and garden; seasonal living; paint; home fashions, storage, and cleaning; flooring; millwork; and outdoor power equipment. It also offers installation services through independent contractors in various product categories; repair services; and MyLowes, an online tool that manages, maintains, and enhances homes. The company serves homeowners and renters consisting of do-it-yourself customers and do-it-for-me customers; and professional customers comprising construction trade, as well as maintenance, repair, and operations. As of March 4, 2014, it operated 1,830 home improvement and hardware stores in the United States, Canada, and Mexico. The company also offers its products through online sites, such as Lowes.com, Lowes.ca, and ATGstores.com. LoweÂ’s Companies, Inc. was founded in 1946 and is based in Mooresville, North Carolina.

Put credit spreads - Bullish Put spreads.

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

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

SLB - Schlumberger Limited, together with its subsidiaries, supplies technology, integrated project management, and information solutions to oil and gas exploration and production industries worldwide. It operates through three groups: Reservoir Characterization, Drilling, and Production. The Reservoir Characterization group provides reservoir imaging, monitoring, and development services; wireline technology that offers open-hole and cased-hole services; exploration and production pressure and flow-rate measurement services; information solutions, such as software, consulting, information management, and IT infrastructure services that support oil and gas industry; data interpretation and integration services; consulting services; and industry petrotechnical training solutions. The Drilling group designs, manufactures, and markets roller cone and fixed cutter drill bits, and drilling fluid systems; geo services; supplies engineering support, directional-drilling, measurement-while-drilling, and logging-while-drilling services; provides bottom hole assembly drilling tools, borehole enlargement technologies, impact tools, and tubulars and tubular services; and dynamic pressure management solutions. The Production group provides well services comprising pressure pumping, well cementing, stimulation, and intervention; well completion services and equipment, such as packers, safety valves, and sand control technology; artificial lift; coiled tubing equipment and services; slickline services for downhole mechanical well intervention, reservoir monitoring, and downhole data acquisition; subsea solutions; and geological storage solutions, including storage site characterization for carbon dioxide, as well as engages in the development, management, and environmental protection of water resources. The company has a strategic cooperation agreement with Anton Oilfield Services Group. Schlumberger Limited was founded in 1926 and is based in Houston, Texas.

SNDK - SanDisk Corporation designs, develops, manufactures, and markets data storage products that are used in various consumer electronics products. The company provides removable cards, which are used in various consumer electronics devices, such as mobile phones, tablets, eReaders, digital cameras, camcorders, gaming devices, and personal computers under the CompactFlash, SanDisk Ultra, SanDisk Extreme, and SanDisk Extreme PRO brands. It also offers embedded flash products that are used in mobile phones, tablets, computing platforms, imaging devices, and other products under the iNAND brand name; and solid state drives (SSDs) for client computing platforms and enterprise data centers, as well as enterprise software solutions to enhance the performance of SSDs. In addition, the company provides universal serial bus flash drives for use in the computing and consumer markets; digital media players under the Sansa brand; wireless media and flash drive products under the brand name of SanDisk Connect; and memory wafers and components. SanDisk Corporation offers its products directly and through distributors to original equipment manufacturers, consumer electronics stores, office superstores, photo retailers, mobile phone stores, mass merchants, catalog and mail order companies, e-commerce retailers, drug stores, supermarkets, convenience stores, and kiosks in the United States, the Asia Pacific, Europe, the Middle East, Africa, and internationally. SanDisk Corporation was founded in 1988 and is headquartered in Milpitas, California.

Put credit spreads - Bullish Put spreads.

We are also recommending a put credit spread on KORS which when executed will create an iron condor when we combine it with our existing KORS call spread.

We are looking to place the following specific put spread on KORS as follows:

Put credit spreads - Bullish Put spreads.