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.

APOL - Apollo Education Group, Inc., together with its subsidiaries, provides online and on-campus educational programs and services at the undergraduate, masterÂ’s, and doctoral levels. The company offers various degree programs in arts and sciences, business and management, criminal justice and security, education, nursing and health care, human services, psychology, and technology through its campus locations and learning centers, as well as through its online education delivery system. It also publishes research-based math curricula and adaptive learning software; provides professional training and education through schools located in the United Kingdom; sells books and other publications; offers associateÂ’s, bachelorÂ’s, and masterÂ’s degrees in various program areas, as well as certificate programs at its Arizona campus locations and online; and provides bachelorÂ’s and masterÂ’s programs at campuses in Chile and Mexico. In addition, the company offers program development, administration, and management consulting services comprising degree program design, curriculum development, market research, student admissions, and accounting and administrative services to private colleges and universities to establish their programs for working learners; and financial services education programs, including Master of Science in three majors, as well as certification programs in retirement, asset management, and other financial planning areas. The company was formerly known as Apollo Group, Inc. and changed its name to Apollo Education Group, Inc. in November 2013. Apollo Education Group, Inc. was founded in 1973 and is headquartered in Phoenix, Arizona.

We will also be adding a put spread on SPWR which when filled will give us an iron condor on SPWR when combined with our current call spread.

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

So we are recommending the following specific credit spreads for Portfolio #1:

Call credit spreads - Bearish Call spreads.

Put credit spreads - Bullish Put spreads.

================================================

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.

GLD - The GOLD trust ETF investment seeks to replicate the performance, net of expenses, of the price of gold bullion. The trust holds gold, and is expected to issue baskets in exchange for deposits of gold, and to distribute gold in connection with redemption of baskets. The gold held by the trust will only be sold on an as-needed basis to pay trust expenses, in the event the trust terminates and liquidates its assets, or as otherwise required by law or regulation.

We are also adding a put credit spread in IBM so when filled will complete and iron condor when combined with our current IBM call spread.

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

We are recommending the following specific credit spreads for Portfolio #2:

Call credit spread - Bearish Call Spread.

Put credit spreads - Bullish Put spreads.

================================================

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.

NEM - Newmont Mining Corporation, together with its subsidiaries, acquires, explores for, and produces gold, copper, and silver deposits. The companyÂ’s assets or operations are located in the United States, Australia, Peru, Indonesia, Ghana, New Zealand, Mexico, and Suriname. As of December 31, 2013, it had proven and probable gold reserves of approximately 88.4 million ounces and an aggregate land position of approximately 24,000 square miles. The company was founded in 1916 and is headquartered in Greenwood Village, Colorado.

Additionally will we be adding put spreads on both SEAS and BBRY which when combined with our current call spreads will compete an iron condor on BBRY and an iron butterfly on SEAS.

Neither of these positions should require additional margin with the right broker.

We are adding the following specific credit spreads for Portfolio #3:

Call credit spread - Bearish Call Spread.

Put credit spreads - Bullish Put spreads.