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ADDITION SEPTEMBER RECOMMENDATION 8-21-06

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We are adding the following put write to our SEPTEMBER RECOMMENDED LIST

We are recommending a put write in the following issue:

GM - General Motors Corporation (GM), together with its subsidiaries, primarily engages in the design, manufacture, and marketing of automotive products worldwide. The company operates through Automotive, and Financing and Insurance Operations (FIO) segments. The Automotive segment designs, manufactures, and markets passenger cars, including small, medium size, sport, and luxury cars; and trucks, including pickups, vans, utilities, and medium duty trucks.

We are recommending the following specific put write.

GM 30.54
SELL SEP 27.5 PUT = GM-UY
Target Price $40.00
Potential Profit(10 x = $400.00

Initial Margin $6,608 10 (contracts)
Return on Investment 7.57%
Cost Basis in Stock = $27.10
Days to Expiration = 27
Stock goes on Watch List Price at: $29.00
STOP EXIT STRATEGY
Close option position if Stock CLOSES less than $27.50


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