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

We are also going to try and fill a coupld of the initial spreads that we could not fill on Tuesday.

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

CAM - Cameron International Corporation provides flow equipment products, systems, and services worldwide. Its Drilling & Production Systems segment offers systems and equipment to control pressures and direct flows of oil and gas wells; and designs and manufactures structural components for land and offshore drilling rigs. This segment provides ram and annular blowout preventers, control systems, drilling risers and valves, choke and kill manifolds, diverter systems, top drives, draw works, mud pumps, pipe handling equipment, and other rig products; elastomers, API 6A valves, chokes, actuators, and artificial lift technologies; and subsea production systems, subsea processing, controls, manifolds, and wellheads. The companyÂ’s Valves & Measurement segment offers valves and measurement systems to control, direct, and measure the flow of oil and gas. This segment provides gate, ball, butterfly, double block and bleed, plug and globe, and check valves; and totalizers, turbine meters, flow computers, chart recorders, ultrasonic flow meters, and sampling systems. Its Process & Compression Systems segment offers process packages for the separation and treatment of impurities. This segment provides oil and gas separation equipment, heaters, dehydration and desalting units, gas conditioning units, membrane separation and water processing systems, integral engine-compressors, separable reciprocating compressors, two and four-stroke cycle gas engines, turbochargers, and compressor systems and controls; and aftermarket services, such as spare parts, technical services, repairs, overhauls, and upgrades. The company serves oil, gas, and process industries through sales and marketing employees, agents, distributors, and wholesalers. The company was formerly known as Cooper Cameron Corporation and changed its name to Cameron International Corporation in May 2006. The company was founded in 1833 and is headquartered in Houston, Texas.

We are recommending the following specific credit spreads.

Call credit spreads = Bearish Call spreads.

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We are recommending credit spreads for March 2014 in the following positions for Portfolio #2:

GLD - The GLD 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 recommending the following specific credit spreads.

Call credit spreads = Bearish Call spreads.