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DISPOSITION FOR FRIDAY’S AUGUST 2014 OPEN POSITIONS.

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MCM AUGUST 2014 PORTFOLIO # 1:

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There is only one (1) issue that we need to watch and not really that closely in Portfolio #1:

HPQ - The HPQ 36 short call is still $0.41 out of the money and unless we get a 8-10% move in the stock tomorrow our HPQ August 36 call should expire worthless at the close tomorrow.

Issues that should expire worthless tomorrow and should need no action in Portfolio #1, unless a “Murphy’s Law” transpires where you might need to close out are listed below:

ALL five(5) of the remaining call positions should require no action tomorrow and should all expire worthless at the close.>

GDX August Call spread

LULU August Call spread

LEN August Call spread

VZ August Call spread

MLNX August Call spread

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MCM AUGUST 2014 PORTFOLIO # 2:

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All seven (7) of the issues in portfolio #2 should expire worthless as all are anywhere from $1.77 to over $6 dollars out of the money.

Issues that should expire worthless tomorrow and should need no action in Portfolio #2, unless a “Murphy’s Law” transpires where you might need to close out a position.

All five (6) Put positions should expire tomorrow at the close, as well as the one call spread in GLD.

Those seven (7) spreads that should expire tomorrow in Portfolio #2 are listed below:

GLD August call spread

ACN August Put spread
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INTU August Put spread.

DIS August Put spread
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URI August Put spread
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AAPL August Put spread

HD August Put spread

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MCM AUGUST 2014 PORTFOLIO # 3:

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Additionally, all six (6) of the issues in the MCM August Portfolio #3 should expire worthless tomorrow and should need no action in Portfolio #3, unless a “Murphy’s Law” transpires where you might need to close out a position.

Those six (6) issues are listed below.

T August Call spread.

SLV August Call spread.

BBRY August Call spread.

MRVL August Call spread.

KBH August Call spread.

AA August Call spread.

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FRIENDLY CAVEAT WARNING:

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If any issue should look to close in the money, be sure to close out that position before the close Of the market on Friday, if you do not and that option is even $0.01 in the money, you will be Either have stock called away that you do not have ( short a call position) or get assigned stock that you may not want (short put position).

The MCM September 2014 watch list and Portfolio will begin being posted after the close of the market on Friday right after the August options come off of the board on this expiration Friday.

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MCM SEPTEMBER 2014 RECOMMENDATIONS.

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

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

ATI - Allegheny Technologies Incorporated produces and sells specialty materials and components worldwide. The company operates through two segments, High Performance Materials and Components, and Flat-Rolled Products. The High Performance Materials and Components segment provides various high performance materials, including titanium and titanium-based alloys; nickel- and cobalt-based alloys and super alloys; zirconium and related alloys, such as hafnium and niobium; and advanced powder alloys and other specialty alloys primarily in long product forms of ingot, billet, bar, rod, wire, shapes and rectangles, and seamless tubes, plus precision forgings and castings, and machined parts. The Flat-Rolled Products segment offers stainless steel, nickel-based alloys, specialty alloys, and titanium and titanium-based alloys in various product forms comprising plates, sheets, engineered strips, and precision rolled strip products, as well as grain-oriented electrical steel sheets. The company serves aerospace and defense, oil and gas, chemical process, electrical energy, medical, automotive, food processing equipment and appliances, construction and mining, electronics, and communication equipment and computers industries. The company sells its products through direct sales and independent representatives. Allegheny Technologies Incorporated was founded in 1960 and is headquartered in Pittsburgh, Pennsylvania.

SHLD - Sears Holdings Corporation operates as a retailer in the United States and Canada. The company?s Kmart segment operates stores that sell merchandise under Jaclyn Smith, Joe Boxer labels, and Alphaline labels; and Sears brand products and services, such as Kenmore, Craftsman, and DieHard, as well as Kenmore-branded products. This segment?s stores provide consumer electronics, seasonal merchandise, outdoor living, toys, lawn and garden equipment, food and consumables, and apparel; and operate in-store pharmacies. The company?s Sears Domestic segment operates stores that sell merchandise under the Kenmore, Craftsman, DieHard, Lands? End, Covington, Apostrophe, and Canyon River Blues brand names, as well as Roadhandler. Its stores provide appliances, consumer electronics, tools, sporting goods, home fashion products, apparel, footwear, jewelry, accessories, health and beauty products, pantry goods, and household products, as well as automotive services and products. This segment also provides soft luggage; appliances and services to commercial customers in single-family residential construction/remodel, property management, multi-family new construction, and government/military sectors; premium appliance and plumbing fixtures to architects, designers, and new construction or remodeling customers; parts and repair services for appliances, lawn and garden equipment, consumer electronics, floor care products, and heating and cooling systems; and home improvement services. Its Sears Canada segment is primarily involved in the retail of apparel and other softlines. The company operates approximately 1,980 full-line and specialty retail stores in the United States; 449 full-line and specialty retail stores in Canada; and kmart.com and sears.com Websites. Sears Holdings Corporation was founded in 1899 and is based in Hoffman Estates, Illinois.

Call credit spread - Bearish Call Spread.

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

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

DIS - The Walt Disney Company operates as an entertainment company worldwide. The company operates in five segments: Media Networks, Parks and Resorts, Studio Entertainment, Consumer Products, and Interactive. The Media Networks segment operates broadcast and cable television networks, domestic television stations, and radio networks and stations; and is involved in the television production and television distribution operations. Its cable networks include ESPN, Disney Channels Worldwide, ABC Family, and SOAPnet, as well as UTV/Bindass. This segment owns eight domestic television stations. The Parks and Resorts segment owns and operates the Walt Disney World Resort in Florida that includes theme parks; hotels; vacation club properties; a retail, dining, and entertainment complex; a sports complex; conference centers; campgrounds; golf courses; water parks; and other recreational facilities. This segment also operates Disneyland Resort in California; Disney Resort& Spa in Hawaii; Disney Vacation Club, Disney Cruise Line, and Adventures by Disney; and Disneyland Paris, Hong Kong Disneyland Resort, and Shanghai Disney Resort, as well as licenses the operations of Tokyo Disneyland Resort. The Studio Entertainment segment produces and acquires live-action and animated motion pictures, direct-to-video content, musical recordings, and live stage plays. The Consumer Products segment licenses trade names, characters, and visual and literary properties to retailers, show promoters, and publishers; publishes entertainment and educational books, magazines, comic books; and operates English language learning centers. This segment is involved in the retail and online distribution of products through the Disney Store and DisneyStore.com. The Interactive segment creates and delivers entertainment and lifestyle content across interactive media platforms. The company was founded in 1923 and is based in Burbank, California.

Red Hat, Inc. provides open source software solutions to enterprise customers worldwide. It develops and offers operating system, virtualization, middleware, storage, and cloud technologies. The company?s products include Red Hat Enterprise Linux, an operating system designed for enterprise computing that runs on a range of hardware, such as mainframes, servers, and work stations; Red Hat Enterprise Virtualization, which comprise standalone virtualization functionality and management tools for server and desktop deployments; and Red Hat JBoss Middleware that offers a range of middleware offerings for developing, deploying, and managing applications, which are accessible via the Internet, enterprise Intranets, extranets, clouds, and virtual private networks. It also offers Red Hat Storage Server software that enables users to treat storage as a virtualized resource, for deployment on-premise and in cloud computing and hybrid environments, as well as aggregates disk and memory resources into a unified storage pool; and Red Hat cloud offerings, which are the enterprise technologies that assist users in creating cloud computing environments, such as Red Hat CloudForms, Red Hat Enterprise Linux OpenStack Platform, Red Hat Cloud Infrastructure, and OpenShift by Red Hat. In addition, the company provides Red Hat enterprise services comprising technologies, such as high-performance distributed computing, directory services, and user authentication, as well as offers consulting, support, and training services. Red Hat, Inc. sells its enterprise technologies through annual or multi-year subscriptions. It has strategic partnerships with Advanced Micro Devices, Inc.; ARM Holdings plc; Intel Corporation; Amazon.com, Inc.; Fujitsu; Google Inc.; IBM; and Rackspace Hosting, Inc. The company was formerly known as Red Hat Software, Inc. and changed its name to Red Hat, Inc. in June 1999. Red Hat, Inc. was founded in 1993 and is headquartered in Raleigh, North Carolina.

Put credit spreads - Bullish Put spreads.

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

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

BBRY - BlackBerry Limited provides wireless communications solutions worldwide. The company offers BlackBerry wireless communications platform solution, which includes the sale of BlackBerry handheld devices; and the provision of data communication, and compression and security infrastructure services enabling BlackBerry handheld wireless devices to send and receive wireless messages and data. Its technology also enables third party developers and manufacturers to enhance their products and services through software development kits, wireless connectivity, data, and third-party support programs. The company?s portfolio of products, services, and embedded technologies include the BlackBerry wireless solution, the BlackBerry Wireless Handheld product line, the BlackBerry PlayBook tablet, software development tools, and other software and hardware. It also provides BlackBerry smartphones; BlackBerry Enterprise Service 10, an enterprise mobility management product; QNX software for embedded systems market; and BBM, instant mobile to mobile private messaging service. In addition, the company offers development platform that allows third party commercial and enterprise software developers to build and deploy custom applications to run on BlackBerry smartphones; products and technologies to third party developers, wireless carriers, and enterprise customers to develop, distribute, and manage these applications; and a suite of software development tools. Further, it provides the BlackBerry Messenger Social Apps Platform; and push, payments, advertising, location, maps, analytics, and Scoreloop services, as well as repair and maintenance services. BlackBerry sells its BlackBerry wireless solutions through wireless communications carriers and third party distribution channels. The company was formerly known as Research In Motion Limited and changed its name to BlackBerry Limited in July 2013. BlackBerry Limited was founded in 1984 and is headquartered in Waterloo, Canada.

SEAS - SeaWorld Entertainment, Inc. operates as a theme park and entertainment company in the United States. It operates marine-life theme park under the SeaWorld brand name in Orlando, San Antonio, and San Diego; Busch Gardens theme parks, which are family-oriented destinations with foreign geographic settings in Tampa and Williamsburg; Discovery Cove marine-life theme park in Langhorne; and Sesame Place, a seasonal park in Langhorne. The company also operates water parks under the Aquatica brand name in Orlando and San Diego; under the Adventure Island name in Tampa; and under the Water Country USA name in Williamsburg. It owns and operates 11 theme parks. The company was formerly known as SW Holdco, Inc. and changed its name to SeaWorld Entertainment, Inc. in December 2012. SeaWorld Entertainment, Inc. was founded in 1959 and is headquartered in Orlando, Florida.

WLT - Walter Energy, Inc. produces and exports metallurgical coal for the steel industry. The company operates through U.S. Operations, and Canadian and U.K. Operations segments. It also extracts, processes, markets, and/or possesses mineral reserves of thermal coal and anthracite coal, as well as produces metallurgical coke and coal bed methane gas. As of December 31, 2013, the company had approximately 386.3 million metric tons of recoverable reserves worldwide. It sells its metallurgical coal in Europe, Asia, and South America; and thermal coal primarily to large utilities and industrial customers located principally in Alabama, West Virginia, and the United Kingdom. The company was formerly known as Walter Industries, Inc. and changed its name to Walter Energy, Inc. in April 2009. Walter Energy, Inc. was founded in 1946 and is headquartered in Birmingham, Alabama.

Call credit spread - Bearish Call Spread.