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

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

We are recommending a put credit spread on C, which if filled will give us an iron butterfly on our C position when combined with our existing call spread on C.
We are recommending the following credit spread on C below.

Put credit spreads - Bullish Put spreads.

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

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

URI - United Rentals, Inc., through its subsidiaries, operates as an equipment rental company. It operates in two segments, General Rentals; and Trench Safety, Power and HVAC (heating, ventilating and air conditioning). The company offers approximately 3,100 classes of equipment for rent to construction and industrial companies, manufacturers, utilities, municipalities, homeowners, government entities, and other customers. Its fleet of rental equipment includes general construction and industrial equipment, such as backhoes, skid-steer loaders, forklifts, earthmoving equipment, and material handling equipment; aerial work platforms consisting of boom lifts and scissor lifts; and general tools and light equipment, including pressure washers, water pumps, and power tools. Its fleet also comprises trench safety equipment, such as trench shields, aluminum hydraulic shoring systems, slide rails, crossing plates, construction lasers, and line testing equipment for underground work; and power and HVAC equipment, which consists of portable diesel generators, electrical distribution equipment, and temperature control equipment, including heating and cooling equipment. In addition, the company sells new and used equipment; related contractor supplies, including construction consumables, tools, small equipment, and safety supplies; and related parts for equipment, as well as offers repair, maintenance, and rental protection services. As of January 1, 2014, it operated 832 rental locations in the United States and Canada. United Rentals, Inc. was founded in 1997 and is headquartered in Stamford, Connecticut.

We are recommending the following specific credit spreadd

Put credit spreads - Bullish Put spreads.

We are also recommending a Call credit spread on LVS which combined with our existing call spread will give us and iron condor on LVS.

We are recommending the following specific call spread on LVS below.

Call credit spread - Bearish Call Spread.

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

We are recommending credit spreads for our Portfolio #3 in the following issues.

We are recommending the following specific credit spread(s) below:

JCP - J. C. Penney Company, Inc., through its subsidiary, J. C. Penney Corporation, Inc., sells merchandise through department stores in the United States. The company sells family apparel and footwear, accessories, fine and fashion jewelry, beauty products, and home furnishings, as well as provides various services, including styling salon, optical, portrait photography, and custom decorating. As of February 26, 2014, it operated 1,100 stores. The company also sells its products through its Website, jcp.com. J. C. Penney Company, Inc. was founded in 1902 and is based in Plano, Texas.

Call credit spread - Bearish Call Spread.

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We are also looking to close out our June 77.5/80 Call credit spread on YUM.

The action leads us to the following trade close on Monday. ( see below )

Portfolio #2:ALERT: CLOSING YUM June 77.5/80 call spread.

We are looking to close out the YUM June 77.5/80 call spread for a NET DEBIT of $1.75 - $1.80

The BID/ASK is $1.71- $1.84 as of the close on Friday.

As usual we always look to split the BID/ASK, so try and work the BID/ASK spread

Never the less, we will be closing this spread on Monday, before the close.