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Initial OCTOBER RECOMMENDATIONS - Option Writer 9-12-06

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We are starting off slowly going into OCTOBER RECOMMENDED PLAYS

We are recommending put writes on the following issues:


LIFC - LifeCell Corporation engages in the development and marketing of human-derived tissue-based products for use in reconstructive, orthopedic, and urogynecologic surgical procedures to repair soft tissue defects. It produces a regenerative human tissue matrix, a three-dimensional structure that contains vascular channels, proteins, and growth factor binding sites, that provide a template for the regeneration of normal human tissue.

CRME - Cardiome Pharma Corp. and its subsidiaries engage in the development of drugs to treat cardiovascular diseases primarily in Canada. Its clinical trial products include RSD1235 (iv) for the treatment of acute atrial fibrillation; and RSD1235 (oral) for the treatment of atrial fibrillation. The company also focuses its study on a series of dual-pharmacophore compounds designed to simultaneously inhibit the cardiac phosphodiesterase enzyme (PDE3), causing inotropic effects while inhibiting the L-Type calcium channel, to protect against calcium overload; and on a novel strategy to attenuate the deleterious effects of the excessive neurohormonal activation that occurs in congestive heart failure


LIFC 29.78
SELL OCT 27.5 PUT = QKL-VY
Target Price $75.00
Potential Profit(10 x = $750.00

Initial Margin $6,706 10 (contracts)
Return on Investment 11.18%
Cost Basis in Stock = $26.75
Days to Expiration = 31
Stock goes on Watch List Price at: $28.50
STOP EXIT STRATEGY
Close option position if Stock CLOSES less than $27.50

CRME $13.31
SELL OCT 10.00 PUT = UXY-VB
Target Price $35.00
Potential Profit(10 x = $350.00
Initial Margin $3,012 10 (contracts)
Return on Investment 11.62%
Cost Basis in Stock = $9.65
Days to Expiration = 31
Stock goes on Watch List Price at: $12.00
STOP EXIT STRATEGY
Close option position if Stock CLOSES less than $10.00


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