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INITIAL APRIL RECOMMENDATIONS for OPTION WRITER

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We are starting APRIL RECOMMENDED LIST off with the following four (4) put
writes.

We are recommending put writes on the following issues:

DVSA - Diversa Corporation engages in the discovery and development of protein-based products that include enzymes and protein therapeutics. The company offers its portfolio of technologies to the discovery, evolution, and production of molecules with pharmaceutical applications, such as monoclonal antibodies and orally active drugs, as well as enzymes and small molecules with agricultural, chemical, and industrial applications. It primarily develops animal care, fiber processing, nutritional oils, and anti-infective therapies.

AUY - Yamana Gold, Inc. engages in the acquisition, exploration, and development and operation of mineral properties in Brazil and Argentina. Its properties include Fazenda Brasileiro Mine, Fazenda Nova Mine, Sao Francisco Project, Sao Vicente Project, and Chapada Project in Brazil. The company also holds exploration gold properties in the eastern part of Santa Cruz Province in the Patagonian region of Argentina, and the Cumaru and Gradaus properties in Brazil

RMBS - Rambus, Inc. engages in the invention and license of chip interface technologies in California. Its memory interface products include DDR interface solution, which provides a comprehensive suite of interface cells and services; RDRAM memory interface, which enables exceptional system bandwidth-to-cost ratios for a broad range of consumer electronic, networking, and computing applications; and XDR DRAM technology, a total memory system solution, which is used for graphics processing, consumer electronics, network, and server applications

CAL - Continental Airlines, Inc., an air carrier, engages in transporting passengers, cargo, and mail in the United States. As of December 31, 2005, its fleet consisted of 356 mainline jets and 266 regional jets. The company offers its services approximately in 132 domestic; and 126 international destinations, which primarily include Europe, Tel Aviv, Delhi, Hong Kong, Beijing, and Tokyo. Continental Airlines was co-founded by Walter T. Varney and Louis Mueller in 1934. It was formerly known as Varney Speed Lines and changed its name to Continental Airlines, Inc. in 1937. The company is based in Houston, Texas.


We are recommending the following specific put writes:


DVSA 8.45
SELL DVSA APR SYM: UFV-PU
Target Price $30.00 7.5 Put
Potential Profit(10 x = $300.00

Initial Margin $1,940 10 (contracts)
Return on Investment 12.89%
Cost Basis in Stock = $7.20
Days to Expiration = 43
Stock goes on Watch List Price at: $8.00
STOP EXIT STRATEGY
Close option position if Stock CLOSES less than $7.50

AUY $8.70
SELL AUY APR SYM: AUY-PU
Target Price $35.00 7.5 Put
Potential Profit(10 x = $350.00
Initial Margin $2,090 10 (contracts)
Return on Investment 16.75%
Cost Basis in Stock = $7.15
Days to Expiration = 43
Stock goes on Watch List Price at: $8.00
STOP EXIT STRATEGY
Close option position if Stock CLOSES less than $7.50


RMBS $31.36
SELL RMBS APR SYM: BNQ-PE
Target Price $75.00 25 Put
Potential Profit(10 x = $750.00

Initial Margin $6,572 10 (contracts)
Return on Investment 4.56%
Cost Basis in Stock = $24.25
Days to Expiration = 43
Stock goes on Watch List Price at: $27.00
STOP EXIT STRATEGY
Close option position if Stock drops to => $25.00


CAL 24.79
SELL CAL APR SYM: CAL-PX
Target Price $80.00 22.5 Put
Potential Profit(10 x = $800.00
Initial Margin $5,208 10 (contracts)
Return on Investment 4.80%
Cost Basis in Stock = $21.70
Days to Expiration = 43
Stock goes on Watch List Price at: $23.50
STOP EXIT STRATEGY
Close option position if Stock drops to => $22.50

When filled this will bring our APRIL RECOMMENDED LIST to Four (4) positions.

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