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New Additional Plays for our APRIL RECOMMENDED LIST

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Here are three put writes that should be entered before the opening on Monday morning

We are recommending the following three (3) additions to our APRIL RECOMMENDED LIST

We are recommending put writes on the following issues:


SBAC - SBA Communications Corporation, through its subsidiaries, engages in the ownership and operation of wireless communications towers in the eastern third of the United States. It operates in three segments: Site Leasing, Site Development Consulting, and Site Development Construction. The Site Leasing segment engages in leasing antenna space on its multitenant towers to various wireless service providers under long-term lease contracts.

BWNG - Broadwing Corporation, through its subsidiaries, provides data and Internet, broadband transport, and voice communications services to small to large enterprise customers, carriers, and other communications service providers in the United States. Its data and Internet services include converged multi service MPLS, Internet access, frame relay and asynchronous transfer mode services, Internet protocol virtual private network services, Internet protocol videoconferencing, and co location services.

TOPT - TOP Tankers, Inc. provides worldwide seaborne transportation services of bulk commodities. It transports crude oil and refined petroleum products. As of November 21, 2005, the company's fleet consisted of 27 vessels with a total carrying capacity of approximately 2.6 million deadweight tons. Its fleet included 13 Suezmax tankers and 14 Handymax tankers. TOP Tankers was founded in 2000 by Evangelos J. Pistiolis under the name Ocean Holdings, Inc. and changed its name to Top Tankers, Inc. in 2004. The company is headquartered in Athens, Greece.


The following are the specific put write recommendations

SBAC 24.11
SELL SBAC MONTH SYM: QYS-PX
Target Price $25.00 22.5 Put
Potential Profit(10 x = $250.00

Initial Margin $5,072 10 (contracts)
Return on Investment 4.93%
Cost Basis in Stock = $22.25
Days to Expiration = 25
Stock goes on Watch List Price at: $23.50
STOP EXIT STRATEGY
Close option position if Stock CLOSES less than $22.50

BWNG $14.76
SELL BWNG MONTH SYM: QBG-PV
Target Price $20.00 12.5 Put
Potential Profit(10 x = $200.00
Initial Margin $3,152 10 (contracts)
Return on Investment 6.35%
Cost Basis in Stock = $12.30
Days to Expiration = 25
Stock goes on Watch List Price at: $13.50
STOP EXIT STRATEGY
Close option position if Stock CLOSES less than => $12.50


TOPT $17.29
SELL TOPT MONTH SYM: QLT-PC
Target Price $25.00 15 Put
Potential Profit(10 x = $250.00
Initial Margin $3,708 10 (contracts)
Return on Investment 6.74%
Cost Basis in Stock = $14.75
Days to Expiration = 25
Stock goes on Watch List Price at: $16.50
STOP EXIT STRATEGY
Close option position if Stock CLOSES less then => $15.00

When these put writes are filled this will give us eight (8) positions on our APRIL
RECOMMENDED LIST

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