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TWO ADDITIONS TO THE JULY OPTION WRITER RECOMMENDED LIST 6-23-06

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We are recommending the following two (2) put writes

We are recommending put writes on the following issues

ZOLT - Zoltek Companies, Inc., through its wholly owned subsidiaries, engages in the manufacture, marketing, and development of carbon fibers for various applications. The company manufactures and sells carbon fibers, which are used as the primary building material in commercial products; filament winding and pultrusion equipment for the production of composite parts; and technical fibers for aircraft brake and other friction applications. It has operations primarily in the United States and Europe and sells its carbon fibers worldwide.

ENZ - Enzo Biochem, Inc. engages in the research, development, manufacture, and marketing of diagnostic and research products based on genetic engineering, biotechnology, and molecular biology. Its products are designed for the diagnosis of and/or screening for infectious diseases, cancers, genetic defects, and other medically pertinent diagnostic information.


We are recommending the following specific put writes.

ZOLT 29.61
SELL ZOLT JUL SYM: LVQ-SX
Target Price $25.00 22.5 Put
Potential Profit(10 x = $250.00
Initial Margin $6,172 10 (contracts)
Return on Investment 4.05%
Cost Basis in Stock = $22.25
Days to Expiration = 29
Stock goes on Watch List Price at: $26.50
STOP EXIT STRATEGY
Close option position if Stock CLOSES less than $22.50


ENZ $13.00
SELL ENZ JUL SYM: ENZ-SB
Target Price $20.00 10 Put
Potential Profit(10 x = $200.00
Initial Margin $2,800 10 (contracts)
Return on Investment 7.14%
Cost Basis in Stock = $9.80
Days to Expiration = 29
Stock goes on Watch List Price at: $12.00
STOP EXIT STRATEGY
Close option position if Stock CLOSES less than $10.00

When these two positions are added this will bring our JULY RECOMMENDED LIST to ten (10) positions

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