We are recommending the following credit spreads for the January 2015 expiration cycle.

We are recommending credit spreads for our Portfolio #1 in the following issue(s).

ZU - Zulily, Inc. operates as an online retailer. The company operates through two segments, North America and the United Kingdom. It provides various merchandise products to moms purchasing for their children, themselves, and their homes, including children’s and women’s apparel comprising accessories and shoes; children’s merchandise comprising infant gear, sports equipment, toys, and books; and other merchandise, such as kitchen accessories, home décor, entertainment, electronics, and pet accessories. The company sells its products through a flash sales model. zulily, Inc. was founded in 2009 and is headquartered in Seattle, Washington.

IRBT - IRobot Corporation designs, develops, and markets robots for consumer, defense and security, telemedicine, and video collaboration markets worldwide. The company operates in two segments, Home Robots and Defense and Security Robots. It offers consumer products, including floor vacuuming and washing robots, floor sweeping robots, and pool and gutter cleaning robots. The company also provides defense and security products, such as ground robots comprising 510 PackBot line of small unmanned ground robots; the small unmanned ground vehicle multi-purpose ground robots; the 110 FirstLook small, light, and throwable robot; and the 710 Warrior multi-purpose robot for carrying heavy payloads. It markets its robots to consumers through chain stores and other national retailers, as well as through its on-line store; and to the U.S. military, and other government agencies. The company was incorporated in 1990 and is headquartered in Bedford, Massachusetts.

we are recommending the following specific credit spread(s) for Portfolio #1:

Call credit spreads - Bearish Call spreads.

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

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

We are recommending an AAPL call spread, that when executed will create an iron condor when combined with our current open AAPL put spread.

We are recommending the following specific credit spread(s) for Portfolio #2:

Call credit spreads - Bearish Call spreads.

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

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

AWAY - HomeAway, Inc., together with its subsidiaries, operates an online vacation rental property marketplace that enables property owners and managers to market properties for rental to vacation travelers. The companyÂ’s portfolio includes vacation rental Websites, such as HomeAway.com, VRBO.com, and VacationRentals.com in the United States; HomeAway.co.uk and OwnersDirect.co.uk in the United Kingdom; HomeAway.de in Germany; Abritel.fr and Homelidays.com in France; HomeAway.es and Toprural.com in Spain; AlugueTemporada.com.br in Brazil; Stayz.com.au and HomeAway.com.au in Australia; and Bookabach.co.nz in New Zealand. It also owns travelmob.com, an Asia Pacific short-term rental site, as well as operates BedandBreakfast.com, a site for finding bed and breakfast properties. In addition, the company offers HomeAway software for professionals at software.HomeAway.com, which provides software solutions to property managers and innkeepers. As of December 31, 2013, it operated its online marketplace through 50 Websites in 21 languages; and included approximately 890,000 paid listings of vacation rentals. The company was formerly known as CEH Holdings, Inc. and changed its name to HomeAway, Inc. in 2006. HomeAway, Inc. was founded in 2004 and is headquartered in Austin, Texas.

MGM - HomeAway, Inc., together with its subsidiaries, operates an online vacation rental property marketplace that enables property owners and managers to market properties for rental to vacation travelers. The companyÂ’s portfolio includes vacation rental Websites, such as HomeAway.com, VRBO.com, and VacationRentals.com in the United States; HomeAway.co.uk and OwnersDirect.co.uk in the United Kingdom; HomeAway.de in Germany; Abritel.fr and Homelidays.com in France; HomeAway.es and Toprural.com in Spain; AlugueTemporada.com.br in Brazil; Stayz.com.au and HomeAway.com.au in Australia; and Bookabach.co.nz in New Zealand. It also owns travelmob.com, an Asia Pacific short-term rental site, as well as operates BedandBreakfast.com, a site for finding bed and breakfast properties. In addition, the company offers HomeAway software for professionals at software.HomeAway.com, which provides software solutions to property managers and innkeepers. As of December 31, 2013, it operated its online marketplace through 50 Websites in 21 languages; and included approximately 890,000 paid listings of vacation rentals. The company was formerly known as CEH Holdings, Inc. and changed its name to HomeAway, Inc. in 2006. HomeAway, Inc. was founded in 2004 and is headquartered in Austin, Texas.

Hence, we are adding the following specific credit spreads for Portfolio #3:

Call credit spread - Bearish Call Spread.

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Reminder: MCM February 2015 recommendations will begin next weekend.