We are recommending the following credit spread for the May 2014 expiration cycle.
We are recommending credit spreads for our Portfolio #1 in
the following issues.
We are adding the following Put spread on SHLD, that when filled will take some of the sting out of closing out
the 36/38 call , that we presently have a GTC order to close at. SO whenever we close the call position the put
position will relieve a little of the pain.
We are recommending the following specific SHLD put spread as listed below
Put credit spreads = Bullish put spreads.
This spread will require an additional $2000 margin as the strike price
difference is 3 points instead of two.