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ADDITIONAL APRIL PLAYS

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We are recommending the following two (2) put writes to our APRIL RECOMMENDED LIST

We are recommending put writes on the following issues:


PEIX - Pacific Ethanol, Inc. engages in the development, production, and marketing of renewable fuels in the western United States. Pacific Ethanol is constructing an ethanol production facility in Madera County, California, as well as developing four additional plants on the West Coast. Kinergy Marketing, LLC, the company's wholly owned subsidiary, is a West Coast based marketer of ethanol.

ELN - Elan Corporation, plc engages in the discovery, development, manufacture, and marketing of advanced therapies in autoimmune diseases, such as pain and neurodegenerative diseases. The company operates in two segments, Biopharmaceuticals, and Global Services and Operations.

We are recommending the following specific put writes


PEIX 19.07
SELL PEIX 113 SYM: PFQ-PC
Target Price $35.00 15 Put
Potential Profit(10 x = $350.00

Initial Margin $4,164 10 (contracts)
Return on Investment 8.41%
Cost Basis in Stock = $14.65
Days to Expiration = 33
Stock goes on Watch List Price at: $17.00
STOP EXIT STRATEGY
Close option position if Stock CLOSES less than $15.00


ELN $15.01
SELL ELN 42872 SYM: ELN-PV
Target Price $30.00 12.5 Put
Potential Profit(10 x = $300.00
Initial Margin $3,302 10 (contracts)
Return on Investment 9.09%
Cost Basis in Stock = $12.20
Days to Expiration = 33
Stock goes on Watch List Price at: $14.50
STOP EXIT STRATEGY
Close option position if Stock CLOSES less than $12.50


When these positions are filled this will bring our APRIL RECOMMENDED LIST to FIVE (5) positions

We are going to be a little selective this week as the indices have all moved up since the upbeat reports of last week. A pull back of some kind would not be a surprise at these levels

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