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2 additional put writes to add to our Fevbruary Recommended List

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2 additional put writes added to February Recommended List


We are recommending put writes on the following issues:

NTKR - Nektar Therapeutics
provides a portfolio of drug delivery solutions that enable the development of pharmaceutical products. The company focuses on three technology platforms: Nektar Advanced PEGylation Technology, Nektar Pulmonary Technology, and Nektar Supercritical Fluid Technology. The Nektar Advanced PEGylation Technology uses PEGylation chemistry and a PEG-based delivery system in various drug classes, including macromolecules, such as peptides and proteins, as well as small sized molecular compounds and other drugs. The Nektar Pulmonary Technology uses its know-how and technology in drug formulation, powder processing, powder filling, and packaging and devices to create an integrated system to reproducibly deliver therapeutics to the lung for both systemic and local lung applications.


EPEX - Edge Petroleum Corporation
an oil and natural gas company, engages in the exploration, development, acquisition, and production of crude oil and natural gas properties in the United States. It has interests in approximately 30,196 net acres in south and south-central Texas, 1,161 net acres in south Louisiana, 4,426 net acres in Mississippi, and 658 net acres in Michigan, as well as 19,472 net acres in southeastern New Mexico. As of December 31, 2004, the company had 89.1 billion cubic feet of net proved reserves that comprised 66.3 billion cubic feet of natural gas, 1.8 million barrels of natural gas liquids, and 2.0 million barrels of crude oil and condensate. Edge Petroleum was founded in 1983 and is based in Houston, Texas.

We are recommending the following put writes:

NKTR $19.31

SELL NKTR FEB SYM: QNX-NC
Target Price $35.00 15 Put
Potential Profit(10 x = $350.00
Initial Margin $4,212 10 (contracts)
Return on Investment 8.31%
Cost Basis in Stock = $14.65
Days to Expiration = 36
Stock goes on Watch List Price at: $17.00
STOP EXIT STRATEGY
Close option position if Stock drops to => $15.00

EPEX $33.77

SELL EPEX FEB SYM: EBQ-NF
Target Price $45.00 30 Put
Potential Profit(10 x = $450.00

Initial Margin $7,204 10 (contracts)
Return on Investment 6.25%
Cost Basis in Stock = $29.55
Days to Expiration = 36
Stock goes on Watch List Price at: $32.00
STOP EXIT STRATEGY
Close option position if Stock drops to => $30.00


Iwhen these positions are filled that will bring our February recommended
list to six (6) positions.

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